The global cross laminated timber (CLT) market is anticipated to grow at a considerable CAGR of 14.0% during the forecast period (2021-2027). The rising need and demand associated with cross laminated timber, is one of the prime factors affecting and driving the cross laminated timber (CLT) market. The cross laminated timber is regarded as an eco-friendly and environmentally sustainable construction material. Additionally, rising consumer awareness associated with damages that are caused to the environment during the process of manufacturing-related with cement and bricks is also supporting the market growth. It also provides support in reducing the carbon footprint of new buildings. So, consumers along with technicians are also shifting their interest towards the usage of sustainable materials that include wood in the construction of buildings and other infrastructure which in turn enhances the growth of the market.
Browse the full report description of “Global Cross Laminated Timber (CLT) Market Size, Share & Trends Analysis Report By Product (Adhesive Bonded Cross Laminated Timber and Mechanically Fastened Cross Laminated Timber), and By Application (Residential, Institutional, Commercial, and Others) Forecast Period 2022-2028” at https://www.omrglobal.com/industry-reports/cross-laminated-timber-clt-market
To gain on the opportunity key players operating in the global cross laminated timber (CLT) Market had been adopting strategies such as new launches to achieve major market share. For instance, in September 2020, Stora Enso which is considered one of the manufacturers of pulp, paper, and other forest products, had decided to do an investment of around $87.1 million in its new production line for cross-laminated timber (CLT) in the Czech Republic. Additionally, the company through this investment will enhance its position among the global providers of high-quality engineered wooden elements.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Binderholz GmbH, MAYR-MELNHOF HOLZ, Stora Enso, SmartLam NA, and XLam
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Cross Laminated Timber (CLT) Market Report Segment
By Product
By Application
Global Cross Laminated Timber (CLT) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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