Cross Laminated Timber Market by Type (Adhesive Bonded, and Mechanically Fastened), Industry (Residential, and Non-residential), End Use (Structural, and Non-structural), & Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2028

Abstract
The global cross laminated timber market size is projected to grow from USD 1.4 billion in 2023 to USD 2.6 billion by 2028, at a CAGR of 13.7%, between 2023 and 2028. The cross laminated timber market is mainly characterized by two main types: adhesive bonded, and mechanically fastened. Cross laminated timber has significant use in residential and non-residential end-use industries.

The demand for environment-friendly materials from the construction industry and the rising need to improve performance, durability, and aesthetics are the key factors contributing to the growth of the cross laminated timber market. The growing investment in emerging markets is expected to create growth opportunities for the market players globally, driving the demand for cross laminated timber during the forecast period. However, stringent and time-consuming regulatory policies act as a challenge for the market players.

Adhesive bonded segment is expected to account for the largest share in 2023

Cross laminated wood is creating significant disruption in the mass timber market. With its incorporation in the International Building Code, cross laminated wood is expected to disrupt the mass timber sector globally by aiding builders and architects in the building and design of taller structures. The application in the non-residential sector is expected to be critical on a global scale. The bulk of the adhesives used in cross laminated timber is PU adhesives, making it an even more enticing option because they are formaldehyde-free and have VOC content that is below legal limits. As regulatory standards tighten, demand for PU adhesive products is expected to climb.

The DACH nations (Germany (D), Austria (A), and Switzerland (CH)) have been driving forces in CLT growth, not only as originators of CLT goods but also as prominent CLT producers. Austria has seven CLT manufacturing sites, Germany has three, and Switzerland has two. Smaller manufacturing sites exist in Finland, Italy, Norway, Spain, and Sweden, and new CLT plants are being built in Finland, France, Sweden, and the United Kingdom.

Structural segment in end use is expected to account for the largest share in 2023

Prefabricated buildings or concurrently created structures can be employed in modern construction to save time. There are standards for headers above doors and window apertures when building walls. These headers support the load of the roof from the top and prevent the wall framework from drooping. Headers increase the strength and stability of constructions. As a result, the header gives an extra layer of security to structures and improves the functionality of windows and doors for extended periods of time.
North American cross laminated timber market is estimated to register one of the highest CAGR during the forecast period

The market for cross laminated timber in North America is driven by technological advancements in the construction industry. The US is projected to be the largest consumer of cross laminated timber products and accounted for the largest market share, in terms of value as well as volume, among the countries in the North American region. These companies primarily focus on new product developments to cater to the increasing demand from end users. The North American cross laminated timber market is driven by technological advancements in manufacturing and high-quality end product.

The break-up of the profile of primary participants in the cross laminated timber market:
•By Company Type: Tier 1 – 46%, Tier 2 – 43%, and Tier 3 – 27%
•By Designation: C Level – 21%, D Level – 23%, and Others – 56%
•By Region: North America – 37%, Asia Pacific– 26%, Europe – 23%, Middle East & Africa – 10%, and South America – 4%

Prominent companies includes Mayr-Melnhof Holz (Austria), Stora Enso (Finland), Binderholz GmbH (Austria), Eugen Decker Holzindustrie KG (Germany), Hasslacher Holding GmbH (Austria), Schilliger Holz AG (Switzerland), KLH Massivholz GmbH (Austria), Structurlam Mass Timber Corporation (Canada), XLam NZ Limited (New Zealand), and others.

Research Coverage:
This research report categorizes the cross laminated timber market by type (adhesive bonded, and mechanically fastened), by end use (structural, and non-structural), industry (residential and non-residential), and region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the cross laminated timber market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the cross laminated timber market. Competitive analysis of upcoming startups in the cross laminated timber market ecosystem is covered in this report. Reasons to buy this report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cross laminated timber market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report Provides insights on the following pointers:
•Analysis of key drivers (Growing demand for sustainable raw material building and construction), restraints (volatility in raw material prices), opportunity (expansion in untapped markets), and challenges (stringent regulatory policies).
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the cross laminated timber market
•Market Development: Comprehensive information about lucrative markets – the report analyses the cross laminated timber market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the cross laminated timber market
•Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Mayr-Melnhof Holz (Austria), Stora Enso (Finland), Binderholz GmbH (Austria), Eugen Decker Holzindustrie KG (Germany), Hasslacher Holding GmbH (Austria), Schilliger Holz AG (Switzerland), KLH Massivholz GmbH (Austria), Structurlam Mass Timber Corporation (Canada), XLam NZ Limited (New Zealand), and others. The report also helps stakeholders understand the pulse of the cross laminated timber market and provides them information on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION29
1.1STUDY OBJECTIVES29
1.2MARKET DEFINITION29
1.2.1MARKET EXCLUSIONS30
1.2.2MARKET INCLUSIONS30
1.3MARKET SCOPE30
FIGURE 1CROSS-LAMINATED TIMBER MARKET SEGMENTATION30
1.3.1REGIONS COVERED31
1.3.2YEARS CONSIDERED31
1.4CURRENCY CONSIDERED32
1.5UNIT CONSIDERED32
1.6STAKEHOLDERS32
1.7SUMMARY OF CHANGES32
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 2CROSS-LAMINATED TIMBER MARKET: RESEARCH DESIGN34
2.1.1SECONDARY DATA35
2.1.1.1Key data from secondary sources35
2.1.2PRIMARY DATA36
2.1.2.1Key data from primary sources36
2.1.2.2Breakdown of primary interviews36
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS36
2.1.2.3Primary data sources37
2.1.2.4Key industry insights37
2.2MARKET SIZE ESTIMATION37
2.2.1BOTTOM-UP APPROACH37
FIGURE 4MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH38
2.2.2TOP-DOWN APPROACH38
FIGURE 5CROSS-LAMINATED TIMBER MARKET SIZE ESTIMATION: TOP-DOWN APPROACH39
FIGURE 6MARKET SIZE ESTIMATION: CROSS-LAMINATED TIMBER MARKET39
FIGURE 7CROSS-LAMINATED TIMBER MARKET SIZE ESTIMATION, BY REGION39
FIGURE 8CROSS-LAMINATED TIMBER MARKET, BY TYPE40
2.2.3SUPPLY-SIDE FORECAST40
FIGURE 9CROSS-LAMINATED TIMBER MARKET: SUPPLY-SIDE FORECAST40
FIGURE 10METHODOLOGY FOR SUPPLY-SIDE SIZING OF CROSS-LAMINATED TIMBER MARKET40
2.2.4FACTOR ANALYSIS41
FIGURE 11FACTOR ANALYSIS OF CROSS-LAMINATED TIMBER MARKET41
2.3DATA TRIANGULATION41
FIGURE 12CROSS-LAMINATED TIMBER MARKET: DATA TRIANGULATION42
2.4ASSUMPTIONS42
2.5RESEARCH LIMITATIONS43
2.6GROWTH RATE FORECAST43
3EXECUTIVE SUMMARY44
TABLE 1CROSS-LAMINATED MARKET SNAPSHOT, 2023 VS. 202844
FIGURE 13ADHESIVE BONDED TO ACCOUNT FOR LARGER SHARE OF CROSS-LAMINATED TIMBER MARKET45
FIGURE 14NON-RESIDENTIAL INDUSTRY TO CAPTURE LARGER MARKET SHARE46
FIGURE 15STRUCTURAL SEGMENT TO BE LARGER END USE OF CROSS-LAMINATED TIMBER46
FIGURE 16NORTH AMERICA TO BE FASTEST-GROWING CROSS-LAMINATED TIMBER MARKET47
TABLE 2KEY MARKET PLAYERS47
4PREMIUM INSIGHTS48
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CROSS-LAMINATED TIMBER MARKET48
FIGURE 17CROSS-LAMINATED TIMBER MARKET TO WITNESS MODERATE GROWTH DURING FORECAST PERIOD48
4.2CROSS-LAMINATED TIMBER MARKET GROWTH, BY TYPE48
FIGURE 18ADHESIVE BONDED TO BE FASTER-GROWING SEGMENT BETWEEN 2023 AND 202848
4.3CROSS-LAMINATED TIMBER MARKET, DEVELOPED VS. DEVELOPING ECONOMIES49
FIGURE 19DEVELOPING ECONOMIES TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD49
4.4EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY AND COUNTRY, 202249
FIGURE 20RESIDENTIAL SEGMENT AND GERMANY ACCOUNTED FOR LARGEST SHARES49
4.5CROSS-LAMINATED TIMBER MARKET, BY COUNTRY50
FIGURE 21CHINA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD50
5MARKET OVERVIEW51
5.1INTRODUCTION51
5.2NET-ZERO DESIGN WITH CROSS-LAMINATED TIMBER51
5.2.1DYNAMIC THERMAL PERFORMANCE51
5.2.2REDUCED THERMAL BRIDGING51
5.2.3INSULATION AMOUNT52
5.2.4AIRTIGHTNESS52
5.3CARBON CONTENT OF CROSS-LAMINATED TIMBER52
5.4CROSS-LAMINATED TIMBER LIFE CYCLE ANALYSIS53
5.5REDUCING CO2 EMISSIONS FROM CROSS-LAMINATED TIMBER53
5.5.1INTRODUCTION53
5.5.2LUMBER SOURCING53
5.5.3AIR DRY LUMBER54
5.5.4UPGRADE DRYING KILNS & POWER54
5.5.5USE INTERLOCKING CROSS-LAMINATED TIMBER54
5.5.6EXPOSE CROSS-LAMINATED TIMBER WOOD54
5.5.7DESIGN USING PRECISE PANEL SIZES54
5.5.8REUSE OR RECYCLE CROSS-LAMINATED TIMBER PANELS AT END-OF-LIFE54
5.6BENEFITS OF CROSS-LAMINATED TIMBER54
5.6.1FASTER CONSTRUCTION54
5.6.2COMPETITIVE COST55
5.6.3STRUCTURAL PERFORMANCE55
5.6.4ENERGY EFFICIENT ASSEMBLIES55
5.6.5LIGHTWEIGHT MATERIAL55
5.6.6NATURAL AESTHETIC OF WOOD55
5.6.7ALTERNATIVE LUMBER UTILIZATION55
5.6.8MAY REDUCE CO2 EMISSIONS55
5.6.9RENEWABLE RESOURCE56
5.7MARKET DYNAMICS56
FIGURE 22DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CROSS-LAMINATED TIMBER MARKET56
5.7.1DRIVERS56
5.7.1.1Growth of construction industry56
5.7.1.2Increasing urban population57
5.7.1.3Rising demand from North America57
5.7.1.4Capacity expansion for increasing demand57
5.7.2RESTRAINTS58
5.7.2.1Impact of war between Russia and Ukraine58
5.7.3OPPORTUNITIES58
5.7.3.1Establishing authenticity through various certification58
5.7.3.2Attractive design due to hybrid construction enables new approach to building technology58
5.7.3.3Rising opportunities in timber-based construction industry58
5.7.4CHALLENGES59
5.7.4.1Long lead time by cross-laminated timber suppliers during peak season59
5.7.4.2Low product differentiation59
5.8PORTER'S FIVE FORCES ANALYSIS59
TABLE 3CROSS-LAMINATED TIMBER MARKET: PORTER'S FIVE FORCES ANALYSIS59
FIGURE 23PORTER'S FIVE FORCES ANALYSIS OF CROSS-LAMINATED TIMBER MARKET60
5.8.1THREAT OF NEW ENTRANTS60
5.8.2THREAT OF SUBSTITUTES60
5.8.3BARGAINING POWER OF BUYERS61
5.8.4BARGAINING POWER OF SUPPLIERS61
5.8.5INTENSITY OF COMPETITIVE RIVALRY61
5.9KEY STAKEHOLDERS AND BUYING CRITERIA62
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS62
FIGURE 24INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS62
TABLE 4INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)62
5.9.2BUYING CRITERIA63
FIGURE 25KEY BUYING CRITERIA FOR CROSS-LAMINATED TIMBER63
TABLE 5KEY BUYING CRITERIA FOR CROSS-LAMINATED TIMBER63
5.10MACRO INDICATOR ANALYSIS64
5.10.1INTRODUCTION64
5.10.2TRENDS AND FORECAST OF GDP64
TABLE 6TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2020–202764
5.10.3TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY65
FIGURE 26GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–203565
5.11GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH66
5.11.1RUSSIA–UKRAINE WAR66
5.11.2CHINA66
5.11.2.1Debt problem66
5.11.2.2Australia–China trade war67
5.11.2.3Environmental commitments67
5.11.3EUROPE68
5.11.3.1Energy crisis68
5.12VALUE CHAIN ANALYSIS68
FIGURE 27CROSS-LAMINATED TIMBER MARKET: VALUE CHAIN ANALYSIS68
5.13PRICING ANALYSIS69
FIGURE 28AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY REGION, 202269
FIGURE 29AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY TYPE, 202269
FIGURE 30AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY COMPANY, 202270
5.14CROSS-LAMINATED TIMBER ECOSYSTEM AND INTERCONNECTED MARKET70
TABLE 7CROSS-LAMINATED TIMBER MARKET: SUPPLY CHAIN ANALYSIS71
FIGURE 31CROSS-LAMINATED TIMBER ECOSYSTEM71
5.15YC AND YCC SHIFT72
FIGURE 32CROSS-LAMINATED TIMBER MARKET: YC AND YCC SHIFT72
5.16TRADE ANALYSIS72
TABLE 8COUNTRY-WISE EXPORT DATA, 2020–2022 (USD THOUSAND)72
TABLE 9COUNTRY-WISE IMPORT DATA, 2020–2022 (USD THOUSAND)73
5.17PATENT ANALYSIS73
5.17.1METHODOLOGY73
5.17.2PUBLICATION TRENDS73
FIGURE 33NUMBER OF PATENTS PUBLISHED, 2017–202274
5.17.3TOP JURISDICTION74
FIGURE 34PATENTS PUBLISHED BY JURISDICTION, 2017–202274
5.17.4TOP APPLICANTS74
FIGURE 35PATENTS PUBLISHED BY MAJOR APPLICANTS, 2017–202275
TABLE 10PATENT COUNT, BY COMPANY75
5.18CASE STUDY ANALYSIS76
5.18.1CASE STUDY 176
5.18.2CASE STUDY 276
5.18.3CASE STUDY 377
5.19TECHNOLOGY ANALYSIS77
5.20KEY CONFERENCES AND EVENTS IN 202378
TABLE 11CROSS-LAMINATED TIMBER MARKET: KEY CONFERENCES AND EVENTS78
5.21TARIFF AND REGULATORY LANDSCAPE78
5.21.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 12NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 13EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
6CROSS-LAMINATED TIMBER MARKET, BY TYPE80
6.1INTRODUCTION81
FIGURE 36ADHESIVE BONDED SEGMENT TO DOMINATE OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 202881
TABLE 14CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)81
TABLE 15CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)82
TABLE 16CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)82
TABLE 17CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)82
6.2ADHESIVE BONDED83
6.2.1SUPERIOR PROPERTIES AND LOW PRODUCTION COST83
6.2.2POLYURETHANE (PUR)83
6.2.3MELAMINE-UREA-FORMALDEHYDE (MUF)84
TABLE 18ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)84
TABLE 19ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)84
TABLE 20ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)84
TABLE 21ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)85
6.3MECHANICALLY FASTENED85
6.3.1ENHANCED STRENGTH AND STABILITY OF STRUCTURES85
6.3.2SELF-TAPPING SCREWS (STS)85
6.3.3DOWEL-TYPE FASTENERS86
TABLE 22MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)86
TABLE 23MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)86
TABLE 24MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)87
TABLE 25MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)87
7CROSS-LAMINATED TIMBER MARKET, BY END USE88
7.1INTRODUCTION89
FIGURE 37STRUCTURAL SEGMENT TO DOMINATE OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 202889
TABLE 26CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)89
TABLE 27CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)90
TABLE 28CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)90
TABLE 29CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)90
7.2STRUCTURAL91
7.2.1HIGH DEMAND IN STRUCTURAL END-USE SEGMENT91
TABLE 30STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)92
TABLE 31STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)92
TABLE 32STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)92
TABLE 33STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)92
7.3NON-STRUCTURAL93
7.3.1USED AS SUBSTITUTES FOR BOLTED MATS93
TABLE 34NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)93
TABLE 35NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)93
TABLE 36NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)94
TABLE 37NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)94
8CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY95
8.1INTRODUCTION96
FIGURE 38NON-RESIDENTIAL SEGMENT TO LEAD OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 202896
TABLE 38CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)96
TABLE 39CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)97
TABLE 40CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)97
TABLE 41CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)97
8.2RESIDENTIAL98
8.2.1EVOLUTION OF BUILDING CODES OFFERS OPPORTUNITIES FOR CROSS-LAMINATED TIMBER MARKET98
TABLE 42RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)98
TABLE 43RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)98
TABLE 44RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)99
TABLE 45RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)99
8.3NON-RESIDENTIAL99
8.3.1OPPORTUNITIES OFFERED FOR MASS CONSTRUCTION OF TIMBER BUILDINGS99
8.3.2PUBLIC100
8.3.3INDUSTRIAL100
8.3.4OTHERS100
TABLE 46NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)100
TABLE 47NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)101
TABLE 48NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)101
TABLE 49NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)101
TABLE 50NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)101
TABLE 51NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)102
TABLE 52NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)102
TABLE 53NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)102
TABLE 54NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)102
TABLE 55NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)103
TABLE 56NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)103
TABLE 57NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)103
TABLE 58NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)103
TABLE 59NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)104
TABLE 60NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)104
TABLE 61NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)104
9CROSS-LAMINATED TIMBER MARKET, BY REGION105
9.1INTRODUCTION106
FIGURE 39NORTH AMERICAN REGION EMERGING AS STRATEGIC LOCATION FOR CROSS-LAMINATED TIMBER MARKET107
TABLE 62CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION)107
TABLE 63CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION)108
TABLE 64CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER)108
TABLE 65CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER)108
9.2EUROPE109
9.2.1IMPACT OF RECESSION ON EUROPE109
FIGURE 40EUROPE: CROSS-LAMINATED TIMBER MARKET SNAPSHOT110
TABLE 66EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)111
TABLE 67EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)111
TABLE 68EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)112
TABLE 69EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)112
TABLE 70EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)113
TABLE 71EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)113
TABLE 72EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)113
TABLE 73EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)113
TABLE 74EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)113
TABLE 75EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)114
TABLE 76EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)114
TABLE 77EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)114
TABLE 78EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)114
TABLE 79EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)115
TABLE 80EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)115
TABLE 81EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)115
9.2.2GERMANY116
9.2.2.1Presence of major distribution channels to increase demand116
9.2.3AUSTRIA116
9.2.3.1Investments and government approach toward sustainability to drive market116
9.2.4ITALY117
9.2.4.1High disposable income and rising FII investments117
9.2.5CZECH REPUBLIC117
9.2.5.1Emerging market and rising development to propel demand117
9.2.6FRANCE117
9.2.6.1Government initiatives and enhanced technology in building & construction industry to drive market117
9.2.7SWEDEN118
9.2.7.1Residential market in Sweden driving demand for cross-laminated timber118
9.2.8SWITZERLAND118
9.2.8.1Domestic demand for Swiss construction to drive growth118
9.2.9UK118
9.2.9.1BREXIT to hamper industry growth in short term118
9.2.10SLOVAKIA119
9.2.10.1Increase in housing units boosts demand for cross-laminated timber119
9.2.11REST OF EUROPE119
9.3NORTH AMERICA119
9.3.1IMPACT OF RECESSION ON NORTH AMERICA120
FIGURE 41NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET SNAPSHOT120
TABLE 82NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)121
TABLE 83NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)121
TABLE 84NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)121
TABLE 85NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)121
TABLE 86NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)122
TABLE 87NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)122
TABLE 88NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)122
TABLE 89NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)122
TABLE 90NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)123
TABLE 91NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)123
TABLE 92NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)123
TABLE 93NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)123
TABLE 94NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)124
TABLE 95NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)124
TABLE 96NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)124
TABLE 97NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)125
9.3.2US125
9.3.2.1Growing sustainable material usage in construction industry to boost market125
9.3.3CANADA126
9.3.3.1Government investments in building & construction sector to propel market126
9.4ASIA PACIFIC126
9.4.1IMPACT OF RECESSION ON ASIA PACIFIC127
FIGURE 42ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET SNAPSHOT128
TABLE 98ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)128
TABLE 99ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)129
TABLE 100ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)129
TABLE 101ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)129
TABLE 102ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)130
TABLE 103ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)130
TABLE 104ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)130
TABLE 105ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)130
TABLE 106ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)131
TABLE 107ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)131
TABLE 108ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)131
TABLE 109ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)131
TABLE 110ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)132
TABLE 111ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)132
TABLE 112ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)132
TABLE 113ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)133
9.4.2CHINA133
9.4.2.1Large investments by global manufacturers to boost market133
9.4.3JAPAN134
9.4.3.1Investments in infrastructural markets by public and private sectors to boost demand134
9.4.4AUSTRALIA AND NEW ZEALAND135
9.4.4.1Technology-driven economy to drive market135
9.4.5REST OF ASIA PACIFIC135
9.5REST OF THE WORLD136
9.5.1IMPACT OF RECESSION ON REST OF THE WORLD137
FIGURE 43BRAZIL TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD138
TABLE 114REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION)138
TABLE 115REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)139
TABLE 116REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER)139
TABLE 117REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER)139
TABLE 118REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION)139
TABLE 119REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION)140
TABLE 120REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER)140
TABLE 121REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER)140
TABLE 122REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION)140
TABLE 123REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION)141
TABLE 124REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER)141
TABLE 125REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER)141
TABLE 126REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION)141
TABLE 127REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)142
TABLE 128REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER)142
TABLE 129REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER)142
9.5.2BRAZIL143
9.5.2.1Expansion of production capacity and established distribution channels to propel market143
9.5.3ARGENTINA143
9.5.3.1Government initiatives to boost demand143
9.5.4OTHER COUNTRIES144
9.5.4.1UAE144
9.5.4.2Saudi Arabia144
9.5.4.3South Africa145
10COMPETITIVE LANDSCAPE146
10.1OVERVIEW146
TABLE 130OVERVIEW OF STRATEGIES ADOPTED BY KEY CROSS-LAMINATED TIMBER MARKET PLAYERS (2017–2023)146
10.2COMPETITIVE LEADERSHIP MAPPING, 2022147
10.2.1STARS147
10.2.2EMERGING LEADERS147
10.2.3PARTICIPANTS147
10.2.4PERVASIVE PLAYERS147
FIGURE 44CROSS-LAMINATED TIMBER MARKET: COMPETITIVE LEADERSHIP MAPPING, 2022148
10.3SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) MATRIX, 2022148
10.3.1RESPONSIVE COMPANIES148
10.3.2PROGRESSIVE COMPANIES149
10.3.3STARTING BLOCKS149
10.3.4DYNAMIC COMPANIES149
FIGURE 45CROSS-LAMINATED TIMBER MARKET: EMERGING COMPANIES’ (SMES’) COMPETITIVE LEADERSHIP MAPPING, 2022150
10.4STRENGTH OF PRODUCT PORTFOLIO151
FIGURE 46PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CROSS-LAMINATED TIMBER MARKET151
10.5COMPETITIVE BENCHMARKING152
TABLE 131CROSS-LAMINATED TIMBER MARKET: DETAILED LIST OF KEY STARTUPS/SMES152
TABLE 132CROSS-LAMINATED TIMBER MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]152
TABLE 133COMPANY EVALUATION MATRIX: CROSS-LAMINATED TIMBER153
10.6MARKET SHARE ANALYSIS153
FIGURE 47MARKET SHARE, BY KEY PLAYER (2022)153
10.7MARKET RANKING ANALYSIS154
FIGURE 48MARKET RANKING ANALYSIS, 2022154
10.8REVENUE ANALYSIS155
FIGURE 49REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021155
10.9COMPETITIVE SCENARIO156
10.9.1MARKET EVALUATION FRAMEWORK156
TABLE 134STRATEGIC DEVELOPMENTS, BY COMPANY156
TABLE 135HIGHEST ADOPTED STRATEGIES156
TABLE 136NUMBER OF GROWTH STRATEGIES ADOPTED BY KEY COMPANIES157
10.9.2MARKET EVALUATION MATRIX157
TABLE 137COMPANY INDUSTRY FOOTPRINT157
TABLE 138COMPANY REGION FOOTPRINT157
TABLE 139COMPANY FOOTPRINT158
10.10STRATEGIC DEVELOPMENTS158
TABLE 140CROSS-LAMINATED TIMBER MARKET: DEALS, 2017–2023158
11COMPANY PROFILES160
11.1MAJOR PLAYERS160
(Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
11.1.1MAYR-MELNHOF HOLZ160
TABLE 141MAYR-MELNHOF HOLZ: COMPANY OVERVIEW160
FIGURE 50MAYR-MELNHOF HOLZ: COMPANY SNAPSHOT161
TABLE 142MAYR-MELNHOF HOLZ: DEALS162
11.1.2STORA ENSO163
TABLE 143STORA ENSO: COMPANY OVERVIEW163
FIGURE 51STORA ENSO: COMPANY SNAPSHOT164
TABLE 144STORA ENSO: DEALS165
11.1.3BINDERHOLZ GMBH167
TABLE 145BINDERHOLZ GMBH: COMPANY OVERVIEW167
11.1.4EUGEN DECKER HOLZINDUSTRIE KG169
TABLE 146EUGEN DECKER HOLZINDUSTRIE KG: COMPANY OVERVIEW169
11.1.5HASSLACHER HOLDING GMBH171
TABLE 147HASSLACHER HOLDING GMBH: COMPANY OVERVIEW171
11.1.6SCHILLIGER HOLZ AG172
TABLE 148SCHILLIGER HOLZ AG: COMPANY OVERVIEW172
11.1.7KLH MASSIVHOLZ GMBH173
TABLE 149KLH MASSIVHOLZ GMBH: COMPANY OVERVIEW173
11.1.8STRUCTURLAM MASS TIMBER CORPORATION174
TABLE 150STRUCTURLAM MASS TIMBER CORPORATION: COMPANY OVERVIEW174
TABLE 151STRUCTURLAM: OTHERS174
11.1.9XLAM NZ LIMITED175
TABLE 152XLAM NZ LIMITED: COMPANY OVERVIEW175
11.1.10PFEIFER HOLDING GMBH176
TABLE 153PFEIFER HOLDING GMBH: COMPANY OVERVIEW176
11.2OTHER COMPANIES177
11.2.1LION LUMBER177
TABLE 154LION LUMBER: COMPANY OVERVIEW177
11.2.2SMARTLAM NA178
TABLE 155SMARTLAM NA: COMPANY OVERVIEW178
11.2.3HOISKO179
TABLE 156HOISKO: COMPANY OVERVIEW179
11.2.4PEETRI PUIT OÜ180
TABLE 157PEETRI PUIT OÜ: COMPANY OVERVIEW180
11.2.5B&K STRUCTURES LTD181
TABLE 158B&K STRUCTURES LTD: COMPANY OVERVIEW181
11.2.6THEURL AUSTRIAN PREMIUM TIMBER182
TABLE 159THEURL AUSTRIAN PREMIUM TIMBER: COMPANY OVERVIEW182
11.2.7IB EWP INC182
TABLE 160IB EWP INC: COMPANY OVERVIEW182
11.2.8NORDIC STRUCTURES183
TABLE 161NORDIC STRUCTURES: COMPANY OVERVIEW183
11.2.9DR JOHNSON LUMBER COMPANY184
TABLE 162DR JOHNSON LUMBER COMPANY: COMPANY OVERVIEW184
11.2.10PFS CORPORATION185
TABLE 163PFS CORPORATION: COMPANY OVERVIEW185
11.2.11DERIX GROUP186
TABLE 164DERIX GROUP: COMPANY OVERVIEW186
11.2.12URBEM187
TABLE 165URBEM: COMPANY OVERVIEW187
11.2.13MERCER MASS TIMBER187
TABLE 166MERCER MASS TIMBER: COMPANY OVERVIEW187
11.2.14ZÜBLIN TIMBER188
TABLE 167ZÜBLIN TIMBER: COMPANY OVERVIEW188
11.2.15CROSSLAM AUSTRALIA189
TABLE 168CROSSLAM AUSTRALIA: COMPANY OVERVIEW189
*Details on Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies
12ADJACENT AND RELATED MARKETS190
12.1INTRODUCTION190
12.2TIMBER LAMINATING ADHESIVES MARKET LIMITATIONS190
12.3TIMBER LAMINATING ADHESIVES MARKET DEFINITION190
12.4TIMBER LAMINATING ADHESIVES MARKET OVERVIEW191
12.4.1TIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY RESIN TYPE191
TABLE 169TIMBER LAMINATING ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2026 (USD MILLION)191
TABLE 170TIMBER LAMINATING ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2026 (KILOTON)192
12.4.2TIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY APPLICATION192
TABLE 171TIMBER LAMINATING ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)192
TABLE 172TIMBER LAMINATING ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)192
12.4.3TIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY END USE193
TABLE 173TIMBER LAMINATING ADHESIVES MARKET SIZE, BY END USE, 2019–2026 (USD MILLION)193
TABLE 174TIMBER LAMINATING ADHESIVES MARKET SIZE, BY END USE, 2019–2026 (KILOTON)193
12.4.4TIMBER LAMINATING ADHESIVES MARKET ANALYSIS, BY REGION193
TABLE 175TIMBER LAMINATING ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)193
TABLE 176TIMBER LAMINATING ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (KILOTON)194
13APPENDIX195
13.1DISCUSSION GUIDE195
13.2KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL198
13.3CUSTOMIZATION OPTIONS200
13.4RELATED REPORTS200
13.5AUTHOR DETAILS201