Cross Laminated Timber (CLT) Market - Competitive Landscape and Key Product Segments

The global cross laminated timber market size was USD 1.1 billion in 2021 and is projected to grow at a CAGR of 14.5% during the forecast period to reach USD 2.5 billion by 2027. Advanced design flexibility and quicker implementation methods in manufacturing of cross laminated timbers are expected to drive the market.

Browse 98 market data Tables and 35 Figures spread through 124 Pages and in-depth TOC on "Cross Laminated Timber (CLT) Market Size by Type (Adhesive bonded, Mechanically fastened), End-use (Structural, Non-structural), Industry (Residential, Non-residential) and Region (Asia Pacific, North America, Europe, RoW) - Global Forecast to 2027"

Download PDF Brochure At https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192075256

Growth of newer applications of CLT such as taller buildings is attributed to the International Building Code. CLT manufacturers are strategically focusing on expanding their presence and leveraging the high-growth opportunities in the US. Various companies have increased or planned to increase production to meet the rising demand in the country. Currently, demand is majorly catered through imported CLT products from European countries. Regulatory policies in North America are adaptive and business-friendly due to the adaptation of new building codes in the country.

North America’s CLT market is projected to be the fastest-growing market during the forecast period. In North America, timber-based construction products are offering alternatives to traditional materials. The most typically utilized adhesive compositions for CLT are PUR1 and PUR2. CLT products for structural construction have a high demand from engineers, architects, and contractors across North America. High growth is expected in the private commercial construction segment, whereas slow growth is expected in the public construction segment. North America is a rapidly expanding market for CLT, with several new businesses constructing new facilities and extending old facilities such as SmartLam, which is now a certified producer.

Adhesive bonded CLT market is projected to be the fastest growing market during the forecast period. Rising awareness about the benefits of adhesives in the woodworking industry are expected to offer significant opportunities for market. The use of timber in structural applications is becoming a norm in the modern scenario due to the advantages offered by engineered timber over normal timber. As the workability requirements for CLT panel manufacturing become more stringent, many manufacturers in Europe and North America are turning to polyurethane adhesives for CLT production.

Do Inquiry Before Buying At https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=192075256

Cross laminated timbers are sustainable and are utilized in green buildings. CLT does not replace current timber products, but it does open up new markets (high-rise buildings). Significant volumes of waste wood are prepared for practical use (sideboards). CLT enables attractive design due to the hybrid construction which enables a gradual transition to new building technology. Cost savings are enabled due to the shorter duration required for building and the requirement of fewer workers. CLT is lightweight relative to concrete or steel and provides improved seismic performance due to its material properties.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441

Imerys S.A. (France) and Omya AG (Switzerland) are the Key Players in the Calcite Market

In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on "Calcite Market”. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=50319659 Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate...

Asia Pacific accounted for a major share of the fiberglass roving market

The fiberglass roving market is projected to grow from USD 8.24 billion in 2018 to USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. Browse 78 market data Tables and 47 Figures spread through 133 Pages and in-depth TOC on "Fiberglass Roving Market by Fiber Glass Type (E, ECR, H, AR, S),Product Type(Single-end, Multi-end, Chopped),End-use Industry (Transportation, Construction, Electrical & Electronics, Pipe & Tank, Wind, Aerospace, Marine),and Region Global Forecast to 2023" Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=132583551 Owens Corning focuses on capacity expansions to meet the growing demand for fiberglass roving used in specialty composites. In addition, the company focuses on new product launches to maintain a competitive edge in the market. The company recently has launched roving products under the brands HydroStand, WindStrand, PipeStrand, PulStrand, and Perfomax. The company h...

PTFE Membrane Market by Type, Application, and Region to 2025

The PTFE Membrane Market was valued at USD 1.49 Billion in 2015, and is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing use of PTFE membranes for water filtration and waste water management and acceptance of PTFE membrane in the medical & pharmaceutical industry are expected to drive the market for PTFE membrane. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243714287 The demand for PTFE membranes in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the oil & gas, water treatment, and chemical industry. The fluctuation in oil & gas prices is challenging the PTFE membranes market. The demand for PTFE membranes is rising, owing to the good physical properties and stringent regulations for emission and industrial waste treatment. Furthermore, the increasing demand for treated water in emerging provide growth opportunities to the market. On th...

Research Industry Expert

Search This Blog