Global Cross laminated timber market

Cross Laminated Timber Market Size, Share, Growth Analysis, By Type, By End Use, By Industry, By Region - Industry Forecast 2024-2031

Report ID: SQMIG15P2014 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 88 | Figures: 76

Cross Laminated Timber Market News

  • In December 2021, Mayr-Melnhof Holz Holding Firm entered an agreement to buy the Swedish sawmill group Bergkvist Siljan. This enables the Austrian wood processing group's steady expansion and growth plan.
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Global Cross Laminated Timber Market size was valued at USD 1.12 billion in 2022 and is poised to grow from USD 1.27 billion in 2023 to USD 3.59 billion by 2031, growing at a CAGR of 13.80% during the forecast period (2024-2031).

This report provides a detailed overview of the global cross-laminated timber market, including its key trends and factors. This report provides an overview of the market and industry conditions, as well as recent trends and key market drivers and challenges. It also includes a SWOT analysis, Porter’s five forces analysis, and more. The report provides a detailed analysis of setting up a cross-laminated timber manufacturing plant. This study looks at the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. 'Mayr-Melnhof Holz  ', 'Stora Enso  ', 'Binderholz GmbH  ', 'Eugen Decker Holzindustrie KG  ', 'Hasslacher Holding GmbH  ', 'Schilliger Holz AG  ', 'KLH Massivholz GmbH  ', 'Structurlam Mass Timber Corporation  ', 'Xlam NZ Limited  ', 'Pfeifer Holding GmbH  ', 'Lion Lumber  ', 'SmartLam NA  ', 'Hoisko  ', 'B&K Structures Ltd  ', 'Theurl Austrian Premium Timber  ', 'IB EWP Inc  ', 'Nordic Structures  ', 'DR Johnson Lumber Company  ', 'Derix Group  ', 'Urbem  ', 'Mercer Mass Timber'

The increasing urban population is indirectly driving the market for cross-laminated timber. There is a population shift from rural to urban areas in the Asia Pacific region hence, demanding infrastructure development in this region.

Seeking Alternatives for Construction Industry to Drive the Market: Cross laminated timber manufactured using local raw material, hardwood from coniferous trees available in alpine region. With increasing popularity in other parts of the world, companies are experimenting with soft and temperate wood species for the manufacturing of material.

Global cross-laminated timber market size in Europe stood at USD 455.1 million in 2022. The Europe market is projected to grow owing to the large adoption of the material in the building of small and medium-sized houses in the region.

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Global Cross laminated timber market

Report ID: SQMIG15P2014

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