Global Cross Laminated Timber (CLT) Market Report 2024 - Growing Adoption of Green Building Initiatives Positively Influences Demand for CLT
Dublin, May 07, 2024 (GLOBE NEWSWIRE) -- The "Cross Laminated Timber (CLT) - Global Strategic Business Report" has been added to * ResearchAndMarkets.com's* offering.
*Surging Demand for Sustainable Construction Materials*
The global Cross Laminated Timber (CLT) market, currently valued at US$1.4 Billion, is on a steady ascent with predictions to escalate to US$3.7 Billion by 2030, displaying a robust CAGR of 12.8% over the period from 2023-2030.
This expansion is reflected across all key segments, with Adhesive Bonded CLT leading the charge with a projected CAGR of 13% through to 2030. Simultaneously, the Mechanically Fastened CLT segment also demonstrates significant growth potential with an estimated 10.8% CAGR.
*Geographical Market Perspectives*
In the United States, the CLT market is appraised at US$245.1 Million for the year 2023. Concurrently, China is anticipated to exhibit a remarkable 15.2% CAGR, illustrating the nation's rapid industrial growth and commitment to eco-friendly construction practices.
Japan and Canada are other key markets with predicted growth rates of 13.2% and 12.3% respectively. Europe sees Germany spearheading the growth with an approximated 12.4% CAGR.
*Enhanced Market Insights*
Stakeholders in the Cross Laminated Timber (CLT) market are set to benefit from new report features enabling comprehensive engagement with influencer insights and cutting-edge market analysis.
These advancements equip users with collaborative platforms fostering idea exchange and peer interaction. Additionally, stakeholders can leverage interactive tools and real-time data simulators for in-depth market understanding. A one-year complimentary update service ensures clients remain abreast of evolving market dynamics.
*Notable Industry Players*
The CLT market landscape includes a diverse array of competitors, each contributing to the global market growth with their respective strategic orientations and product offerings. As the industry advances, these key players are essential in shaping the future of sustainable building practices and material innovation.
The report offers a glimpse into the market dynamics of the Cross Laminated Timber (CLT) industry and provides stakeholders with valuable insights into the potential growth and various market determinants.
*A selection of companies mentioned in this report includes:*
· Stora Enso Oyj
· Moelven Industrier ASA
· Holmen AB
· Ramboll Group A/S
· Lignotrend GmbH & Company KG
· Setra Group AB
· Binderholz GmbH
· Freres Lumber Co., Inc.
· HASSLACHER Holding GmbH (Hasslacher Norica Timber)
· Nordic Structures
· Mercer International Inc.
· Pfeifer Holding GmbH
· Segezha Group
· W. U. J. Derix GmbH & Co.
· Ledinek Engineering d.o.o.
*Key Topics Covered:*
*1. MARKET OVERVIEW*
· Influencer Market Insights
· World Market Trajectories
· Cross Laminated Timber (CLT) - Global Key Competitors Percentage Market Share in 2023 (E)
· Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
· Cross-Laminated Timber: A Sustainable Construction Material
· CLT Panels Production
· Benefits of Cross-laminated Timber (CLT)
· Lightweight Nature & Fast Installation
· Fire Protection
· Sustainability
· Aesthetic Appeal
· Key Advantages of Using Cross-Laminated Timber in Building Construction Projects
· Global Economic Update
· Market Prospects & Outlook
· Global Cross-Laminated Timber Market to Witness Rapid Growth
· Interplay of Vibrant Drivers Augmenting Growth of Cross-Laminated Timber Market
· Rising Popularity across Residential Sector
· Strong Focus on Sustainable Living
· Favorable Government Regulations
· Product Type Analysis
· Application Analysis
· Residential: Primary Application Segment
· Regional Analysis
· North America Set to Rise Notably
· Asia-Pacific to Exhibit Fast Growth
· Competitive Landscape
· Recent Market Activity
· Global Brands
*2. FOCUS ON SELECT PLAYERS*
*3. MARKET TRENDS & DRIVERS*
· Recovery in Global Construction Sector Bodes Well for long-Term Growth
· Growing Focus on Sustainability to Drive CLT Demand
· Growing Adoption of Green Building Initiatives Positively Influences Demand for CLT
· Proliferation of CLT-based Buildings in Developed Countries
· Mass Timber Gains Traction as a Sustainable Building Material in US Construction Projects
· Building Renovations & Remodeling: Prominent Revenue Generating Vertical
· Large Adoption of CLT in Commercial Construction
· Lucrative Opportunities in Emerging Economies
· Green Building codes Enforcement in Asia Pacific Region to Drive Market Demand
· Increasing Use of Adhesive Bonded CLT Across End-Use Industries
· Mechanically Fastened CLT Market Witnesses Increased Popularity
· Favorable Demographics Strengthen Market Prospects
· Urban Sprawl Encourages a Positive Tide
· Burgeoning Middle Class Population
· Rising Standards of Living
*4. GLOBAL MARKET PERSPECTIVE*
· World Recent Past, Current & Future Analysis for Adhesive Bonded by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
· World Historic Review for Adhesive Bonded by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
· World 16-Year Perspective for Adhesive Bonded by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
· World Recent Past, Current & Future Analysis for Mechanically Fastened by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
· World Historic Review for Mechanically Fastened by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
· World 16-Year Perspective for Mechanically Fastened by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
· World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
· World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
· World 16-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
· World Recent Past, Current & Future Analysis for Institutional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
· World Historic Review for Institutional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
· World 16-Year Perspective for Institutional by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
· World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
· World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
· World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
· World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
· World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
· World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
· World Cross Laminated Timber (CLT) Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
· World Recent Past, Current & Future Analysis for Cross Laminated Timber (CLT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
· World Historic Review for Cross Laminated Timber (CLT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
· World 16-Year Perspective for Cross Laminated Timber (CLT) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
For more information about this report visit https://www.researchandmarkets.com/r/akuys9
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