Cross Laminated Timber Market Overview:
Maximize Market Research's latest research report unveils the Cross Laminated Timber market landscape. With a primary focus on key players, their segments, business strategies, regional expansion, and cost structures, the report offers valuable insights. It delves into top players, market size, shares, drivers, challenges, opportunities, competitive landscape, attractiveness analysis, new product launches, technological advancements, and growth catalysts, all contributing to a comprehensive analysis of the Cross Laminated Timber market.
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Cross Laminated Timber Market Report Scope and Research Methodology:
The Cross Laminated Timber market report provides insights into market applications and key strategies, considering diverse driving and limiting factors. It encompasses the study of trends, volume, cost, share, supply, demand, and product analysis. Qualitative and quantitative data, gathered from primary research, free/paid databases, surveys, and Google forms, undergoes analysis using tools like SWOT and PESTLE to comprehensively understand the Cross Laminated Timber market.
Market Dynamics: The International Building Code (IBC) traditionally required an additional clearance procedure for mass timber construction, which raised project costs and durations. Contrarily, the 2021 IBC revisions remove this obstacle by allowing wood structures with up to 18 stories. Many countries and states are quickly implementing this new code for large-scale forestry projects, especially in regions with historically high timber output. Several European countries have already changed their building codes to permit considerably taller wood constructions.
Cross Laminated Timber Market Regional Insights:
In a Cross Laminated Timber market research report, regional analysis provides valuable insights into the geographic variations of the Cross Laminated Timber market. This analysis entails a meticulous assessment of market trends, competitive dynamics, consumer tendencies, and regulatory frameworks unique to each region.
Cross Laminated Timber Market Segmentation:
by Type
Adhesive Bonded
Mechanically Fastened
The segment of adhesively bonded CLT is anticipated to expand at a CAGR of 6.8% over the course of the projected period. Demand is anticipated to increase across a range of application industries, including residential, institutional, commercial, and others, due to the use of high-strength adhesives for plank bonding. Adhesive bonded cross-laminated wood has a cheaper manufacturing cost than mechanically fastened CLT since less machinery is required. The adhesive-bonded cross-laminated wood panels may also be turned into biofuel pellets at the end of their useful lives. There is little wood waste because these panels are built specifically to the building's specifications for their final size.
The construction of mechanically fastened CLT involves mechanically fastening three or more layers of lumber together with screws and nails.
by Application
Residential
Institutional
Commercial
Others
Due to the growing use of environmentally friendly construction materials and seismic capacity, the residential application segment accounted for more than 40% of the global revenue share in 2022. Over the course of the forecast period, it is anticipated that consumption will rise in earthquake-prone regions like Japan and Mexico. The residential sector is projected to experience market expansion due to CLT's higher structural strength and recyclable nature. Growing government spending in North America, Europe, and Asia-Pacific for the use of environmentally friendly building materials to lessen the sector's carbon footprint is projected to fuel segment expansion.
by Raw Material Type
Spruce
Fir
Pine
Larch
Others
by End-Use
Structural
Non-structural
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Cross Laminated Timber Market Key Players:
1. Western Structures, Inc. (US)
2. Freres Lumber Co. (US)
3. Sterling Company (US)
4. DR Johnson Wood Innovations (US)
5. SmartLam NA (US)
6. DRJ Wood Innovations (US)
7. LignaTerra (US)
8. Nordic Structures (Canada)
9. StructureCraft (Canada)
10.Structurlam CLT Corporation (Canada)
11.Eugen Decker & WebMan (Germany)
12.B&K Structures (UK)
13.Taylor Maxwell Group Ltd. (UK)
14.Stora Enso Oyj (Finland)
15.Mayr-Melnhof Holz (Austria)
16.Binderholz GmbH (Austria)
17.KLH Massivholz GmbH (Austria)
18.Hasslacher Holding GMBH (Austria)
19.SchilligerHolz AG (Switzerland)
20.Essepi Srl (Italy)
21.Holmen AB (Sweden)
22.Setra Group AB (Sweden)
23.Rambøll Group A/S (Denmark)
24.XLam (NewZealand)
25.Vistek Pty Ltd (Singapore)
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Key questions answered in Cross Laminated Timber Market are:
- What is the Cross Laminated Timber market size of the dominating region?
- What was the Cross Laminated Timber market size in 2022?
- What is the expected Cross Laminated Timber market size by 2029?
- What is the growth rate of the Cross Laminated Timber Market?
- Which are the factors expected to drive the Cross Laminated Timber market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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