Cross Laminated Timber (CLT) Market

Cross Laminated Timber (CLT) Market Size Survey Report – In a Glance

As per the survey report on global Cross Laminated Timber (CLT) Market, the market is projected to foresee a CAGR of 14.5% between 2024-2033, and further generate a market size of USD 3.9 billion revenue by the end of 2033. In the year 2023, the market size was valued at USD 1.5 billion revenue.

• The global cross laminated timber market is projected to grow on account of transition towards carbon negative future.
• In Japan, the high demand for sustainability can be attributed to the increased innovation in the Cross Laminated Timber market.
• KDMI analyst’s growth analysis foresees the moisture absorbing nature of timber to challenge the market growth.
• Europe, having the highest market share in the Cross Laminated Timber Market, is projected to dominate the global market.

Cross Laminated Timber Market Analysis

A Cross Laminated Timber is an engineered wood lumber item made by adhesives or mechanical fasteners to join several layers of solid wood lumbers aligned in a manner that distinguishes CLT. Because it is made of wood, it stores carbon during the lifetime of the building and captures extra cost. To reach net zero release by 2050, yearly clean energy spending worldwide must be higher than triple by 2030 to be around USD 4 trillion. By 2050, worldwide energy needed to fall 6% from 2020 levels with the help of considerable enhancements in energy efficiency. The growing requirement for energy reduction and energy efficiency to achieve a carbon-free future is a significant growth driver of the cross-laminated timber market size. Stora Enso, Binderholz GmbH and Metsä Wood are significant manufacturers in the global market for Cross Laminated Timbers.

Analyst’s Observation on Japan Cross Laminated Timber Market Survey

Since cross laminated timber is made up of wood it is a renewable and sustainable construction material. With less manufacture requirement as compared to steel, the carbon footprint it releases out is considerably less than steel which needs coal and extreme heat for manufacture. G7 and G20 presidencies of Japan allowed it to encourage problems of issues to sustainable development worldwide-counting health coverage and replying to public health emergencies, quality infrastructure investment and gender parity- and to develop climatic and environmental problems. The architectures in Japan are moving towards sustainable and traditional materials & the Taizhou Contemporary Art Museum in Kyoto designed by architect Kengo Kuma is a good instance. The high demand for sustainability bodes well for the growth of the cross laminated timber market in Japan. Meiken Lamwood Corporation and Obayashi Corporation are the significant manufacturers in the Japanese Cross Laminated Timber market.

Cross Laminated Timber Market Growth Driver

Growth of construction industries:

Cross-laminated timber is a rising renewable construction technology that is becoming the new reality of the construction industry. It offers robust, sustainable and aesthetically pleasing alternatives to traditional constructions. The increasing application of cross-laminated timber in the construction sector is one of the significant growth drivers of its market size. Increased construction activities directly impact the market of cross-laminated timber. The worldwide construction market is anticipated to reach USD 15.46 trillion from USD 14.50 trillion in 2022 at a CAGR of around 6.6%. Recently, green building projects has surfaced around the world as an indication of the world’s concern for ecological affairs and this trend is driving the cross-laminated timber market size globally.

Cross Laminated Timber Market Segmentation

Our experts at KD Market Insights have segmented the global Cross Laminated Timber Market research report as:

Cross Laminated Timber Market Regional Synopsis

Europe dominates the Cross Laminated Timber market due to high consumption from Germany and United Kingdom. The European market is driven by to high demand for single-family homes. In the previous 10 years, about 85000 single-family homes were constructed every year in Germany. It is Europe’s largest construction market and the residential sector dominates the construction sector in Germany, registering for 61% of whole construction investments. In 2023, around 297.1 billion euros were spent on residential construction in Germany, an increase from the past year. Further, Europe is at the forefront of the cross-laminated timber revolution, with a properly settled market in regions such as Germany and Austria.

Regional Company Names

• Pfeifer Group
• Mayr Melnhof Karton AG
• Stora Enso

Cross Laminated Timber Market Competitive Landscape

Some of the key players who top the global Cross Laminated Timber Market share:

• Stora Enso
• Binderholz GmbH
• Metsä Wood
• Mayr-Melnhof Holz
• Swiss Krono Group
• Pfeifer Group
• WoodWorks
• Bafinn Timber
• Züblin Timber Engineering

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Cross Laminated Timber Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Construction
      2. By Application
      3. By End-Users
      4. By Region
5. Market Segmentation by Construction
   1. Large-scale Projects
   2. Small to Medium-sized Projects
   3. Others
6. Market Segmentation by Application 
   1. Residential Construction
   2. Developers and Contractors
   3. Architects and Designers
   4. Building Owners and Operators
   5. Industrial Construction
   6. Institutional Construction
   7. Others
7. Market Segmentation by End-Users 
   1. Developers and Contractors
   2. Architects and Designers
   3. Building Owners and Operators
   4. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Construction, Application and End Users 
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Construction, Application and End Users 
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Stora Enso
      2. Binderholz GmbH
      3. Metsä Wood
      4. Mayr-Melnhof Holz
      5. Swiss Krono Group
      6. Pfeifer Group
      7. WoodWorks
      8. Bafinn Timber
      9. Züblin Timber Engineering
      10. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References