Global Cross Laminated Timber (CLT) Market Growth 2019-2024

Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity in Europe Others and Austria as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. The system consists of multilayer panels made from solid wood boards stacked crosswise and glued together. The cross-laminated configuration improves rigidity, dimensional stability, and mechanical properties. Structurally, CLT offers performance comparable to concrete or steel, with panels suitable for use as walls, floors, and roofs and other applications.
Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity in Europe and North America as a sustainable alternative to concrete and steel construction in commercial and multi-residential applications. Generally, there are two types of cross-laminated timber (CLT) such as adhesive-bonded CLT and mechanically fastened CLT. Adhesive-bonded CLT is a common cross-laminated timber (CLT). In 2016, sales of adhesive-bonded CLT took a share of 91.38%.
Global major cross-laminated timber (CLT) production regions are Austria, Germany and other Europe region. Austria is a largest produce country. Global consumption regions are also concentrated in Europe. In 2016, Austria consumed about 41.40% of global total consumption. Germany consumed about 169.6 K Sq.m, with a share of 15.55%.

According to this study, over the next five years the Cross Laminated Timber (CLT) market will register a 9.1% CAGR in terms of revenue, the global market size will reach US$ 980 million by 2024, from US$ 640 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Cross Laminated Timber (CLT) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Cross Laminated Timber (CLT) market by product type, application, key manufacturers and key regions and countries.

This study considers the Cross Laminated Timber (CLT) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Adhesive-bonded CLT
Mechanically Fastened CLT
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential Building
Commercial Building
Institutional Building
Industrial Facility

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Stora Enso
Binderholz
KLH Massivholz GmbH
Mayr-Melnhof Holz
MHM Abbund-Zentrum
Hasslacher Norica
Merk Timber
Lignotrend
Eugen Decker
Thoma Holz
Schilliger Holz
W. u. J. Derix
HMS Bausysteme
Structurlam

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Cross Laminated Timber (CLT) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Cross Laminated Timber (CLT) market by identifying its various subsegments.
Focuses on the key global Cross Laminated Timber (CLT) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Cross Laminated Timber (CLT) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Cross Laminated Timber (CLT) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.