IMARC Group, a leading market research company, has recently released a report titled “European Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the European cross-laminated timber market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the European cross-laminated timber market?
The European cross-laminated timber market size reached US$ 1.6 Million Cubic Meters in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.9 Million Cubic Meters by 2028, exhibiting a growth rate (CAGR) of 11.15% during 2023-2028.
What is Coss-Laminated timber?
Cross-laminated timber (CLT), or XLam, is a pre-assembled, engineered wood lumber that is used as a common alternative to concrete, masonry, and steel. It is composed of two or more layers of structural composite or solid-sawn wood that are cross-oriented, adjoined, and stacked together mechanically with various glue and adhesives to offer enhanced rigidity and dimensional stability. CLT is reliable, easily installable, corrosion-resistant, and offers high load-carrying capacity with enhanced thermal and acoustic insulation qualities. As a result, CLT is extensively employed as load-bearing components and in building frames for the construction of floors, roofs, and walls of residential and commercial complexes.
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European Cross-Laminated Timber Market Trends:
Cross-laminated timber consists of multi layers of stacked lumber boards bonded with structural adhesive which are easy to install and have superior seismic, fire and thermal performance, design flexibility, structural stability, rigidity, etc. These factors have facilitated the use of cross-laminated timber for various construction applications.Since carbon is stored within the solid timber panels, cross laminated timber is being used in constructing buildings in lieu of traditional building material so as to reduce the CO2 emission. This acts as another factor driving the demand for cross-laminated timber in Europe. The support provided by the governments of various European countries for the adoption of green building materials has provided a positive thrust to the cross-laminated timber market in the region. The strict rules and regulations regarding the manufacturing and use of cross laminated timber restricts its adoption by the end-users. Some of the other factors affecting the market growth are high maintenance costs, poor acoustic performance and the stringent transportation regulations in many countries.
Competitive Landscape With Key Players:
The market is concentrated in nature with the presence of a small number of manufacturers which limits the degree of competition in the market. The leading players operating in the market are:
- Stora Enso Oyj
- KLH Massivholz GmbH
- Binderholz GmbH
- Mayr Melnhof Karton AG
- Hasslacher Holding GmbH
Key Market Segmentation:
Breakup by Application:
- Residential
- Educational Institutes
- Government/Public Buildings
- Commercial Spaces
Breakup by Product Type:
- Custom CLT
- Blank CLT
Breakup by Element Type:
- Wall Panels
- Flooring Panels
- Roofing Slabs
- Others
Breakup by Raw Material Type:
- Spruce
- Pine
- Fir
- Others
Breakup by Bonding Method:
- Adhesive Bonded
- Mechanically Fastened
Breakup by Panel Layers:
- 3-Ply
- 5-Ply
- 7-Ply
- Others
Breakup by Adhesive Type:
- PUR (Polyurethane)
- PRF (Phenol Resorcinol Formaldehyde)
- MUF (Melamine-Urea-Formaldehyde)
- Others
Breakup by Press Type:
- Hydraulic Press
- Vacuum Press
- Pneumatic Press
- Others
Breakup by Storey Class:
- Low-Rise Buildings (1-4 Storeys)
- Mid-Rise Buildings (5-10 Storeys)
- High-Rise Buildings (More than 10 Storeys)
Breakup by Application Type:
- Structural Applications
- Non-Structural Applications
Regional Insights:
- Austria
- Germany
- Italy
- Switzerland
- Czech Republic
- Spain
- Norway
- Sweden
- United Kingdom
- Others
Browse the full report with TOC and List of Figures: https://www.imarcgroup.com/european-cross-laminated-timber-market
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