Global Market Study on Cross Laminated Timber: Increasing Adoption of Sustainable Building Materials to Support Revenue Growth


Cross Laminated Timber  Market
  • Published On : Nov-2018 |
  • Pages : 183 Pages |
  • Format :

Report Description

Persistence Market Research (PMR) provides an exclusive analysis of the global cross laminated timber market in its revised report titled “Cross Laminated Timber Market: Global Industry Analysis 2013–2017 & Forecast 2018–2026”. The main aim of this report is to offer an exhaustive analysis and insights pertaining to the cross laminated timber market. This report offers a comprehensive analysis of the global cross laminated timber market in terms of market volume (Cubic Metre) & value (US$ Mn) and year-wise (Y-o-Y) growth in the global cross laminated timber market according to type, end-use and application. The study considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2018 to 2026. The Compound Average Growth Rate (CAGR) is represented from 2018 to 2026. The study covers value chain analysis, cross laminated timber market dynamics, industry growth analysis, along with segmental-level projections in a comprehensive manner. As per industry experts and findings of the report, the global cross laminated timber market is projected to grow at a CAGR of 6.6 % between 2018 and 2026 in terms of value. The increasing demand for timber-based construction is one of the key factors assisting the growth of the cross laminated timber market.

The Persistence Market Research report on cross laminated timber analyses the market at a regional as well as global level through market segmentation on the basis of type, end-use and application. The primary objective of the report is to offer key insights on current trends, competition positioning, growth rates, market potential and other relevant information and statistics in a suitable manner to readers and various stakeholders in the cross laminated timber market.

Cross laminated timber can be defined as mass timber or massive product. Cross laminated timber is constructed by layering kiln dried dimensional lumber in a crosswise manner, gluing the layers and pressing them into panels. Cross laminated timber is utilized in the construction of single and multifamily housing, commercial and high-rise buildings.

The report is structured to facilitate readers to develop a thorough understanding of the cross laminated timber market. It begins with market definitions, followed by the market taxonomy, market background and market dynamics and analysis of the market by key segments, regional market analysis and competition assessment. Each section of the report covers a quantitative as well as qualitative assessment of the cross laminated timber market on the basis of historical developments, facts, key opinions collected from the market participants through the interviews and trends in the cross laminated timber market.

Cross Laminated Timber Market: Segmentation

The global cross laminated timber market has been segmented on the basis of type, end-use, application and region.

Based on the type, the global cross laminated timber market has been segmented into:

  • Mechanically Fastened
  • Adhesive-Bonded

Based on the end-use, the global cross laminated timber market has been segmented into:

  • Residential
  • Commercial & Institutional
  • Industrial

Based on the application, the global cross laminated timber market has been segmented into:

  • Walls
  • Ceilings
  • Roof Structures
  • Beams

Based on the region, the global cross laminated timber market has been segmented into:

  • North America
  • Latin America
  • Europe
  • South East Asia & Pacific
  • China
  • Japan
  • Middle East & Africa

In the next section, the report describes the cross laminated timber market structure, macro-economic factors, forecast factors, regional weighted average pricing analysis and an overview of value chain along with the profitability margins, an indicative list of the key stakeholders involved in every stage and an assessment of the production vs. consumption scenario on the basis of regions.

The next section of the report provides value (US$ Mn) and volume (Cubic Metre) projections for the cross laminated timber market on the basis of respective segments at a global level. The global cross laminated timber market values represented in the section have been agglomerated by collecting the data and information at a regional level. Cross laminated timber market information along with the key insights and facts covers unique analysis frameworks such as year-on-year growth trend comparison, absolute $ opportunity analysis, market attractiveness and share analysis for each sub-types of the segments covered in each segment.

The subsequent section of the report presents a summarized view of the global cross laminated timber market based on seven prominent regions considered in the study.

The cross laminated timber market analysis section of the report covers weighted average pricing analysis and market projections for each segment, including market share analysis, Y-o-Y growth trends, market attractiveness analysis, market share analysis, and incremental $ opportunity assessment.

All the above sections evaluate the present market scenario and growth prospects in the global cross laminated timber market, while the forecast presented in the section assesses the market size in terms of volume and value.

The market numbers, pertaining to the regional as well as country level data and various segments by end-use industry are estimated through the combination of primary and secondary research among target regions and countries. Key sources referred to arrive at the global cross laminated timber market size include cross laminated timber manufacturers, suppliers, end-users, industry association & trade experts, along with the secondary documents available through public domain, paid database and PMR’s in-house data repository.

In order to offer an accurate market forecast, PMR’s proprietary regression analysis forecast model was then utilized to derive the market estimation for forecast years, which takes into account effects of certain direct and macro-economic factors on the global and regional target market. The pertinent opinions of key primary respondents for specific segments and geographies, were also taken into consideration for forecasting the segment level market size and dynamics.

In the final section of the report, competition landscape of the cross laminated timber market has been included to provide report audiences with a dashboard view categorized on the basis of providers present in the value chain, their cross laminated timber market presence and key differentiating strategies. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the cross laminated timber market. 

The cross laminated timber market report by Persistence Market Research covers information about market trends, volume (cubic metre) and value (US$ Mn) projections, market dynamics and recent developments in the global cross laminated timber market for the study period 2018 to 2026.

Cross laminated timber is primarily utilized in the construction of commercial, single and multifamily housing and high rise buildings. Attributing to its high stiffness and in-plane and out-of-plane bearing capacity, it is utilized in the form of floor or wall panels. Its favorable environmental, aesthetic and energy properties further enhance the quality of the construction.

The global cross laminated timber market is estimated to have been valued at US$ 508.4 Mn by 2017 end and is expected to reach US$ 903.9 Mn by the end of 2026 while expanding at a CAGR of 6.6% over the forecast period. The global cross laminated timber market is anticipated to represent an incremental opportunity of US$ 360.2 Mn between 2018 and 2026.

Increasing Demand for Timber Construction to Assist Sales of Cross Laminated Timber

Timber construction technology has undergone a substantial change in the past few decades with the development of new materials and understanding of timber properties. One of the most representative products of re-evaluation of timber construction is cross laminated timber. Building manufacturers and contractors are employing materials with lower environmental impact and eyeing wood, specifically cross laminated timber, a timber that has a smaller environmental footprint as compared to that of concrete and steel. Attributing to these reasons, the demand for cross laminated timber is expected to rise in near future.

Expansion of Production Facilities to Increase the Overall Capacity and Cater to a Large Customer Base

Prominent manufacturers involved in the production of cross laminated timber are continuously focusing on investments in their production facilities to transform themselves into prominent suppliers of low environmental impact timber solutions to replace concrete and steel in construction projects across the globe. For instance, in September 2017, Stora Enso Oyj announced an investment of US$ 51.0 Mn into the development of its production line, thereby making the company one of the prominent suppliers of cross laminated timber across the globe.

Residential Sector to Register Highest Value and Volume CAGR Among All End-use Segments in the Cross Laminated Timber Market

Among all end-use segments analyzed in this global cross laminated timber market study, the residential segment is expected to register about 1.6X growth in terms of value. In the recent past, utilization of cross laminated timber in the construction of residential and single-family housing has grown at a significant pace.

In terms of incremental opportunity, commercial & institutional and industrial segments, together, are expected to account for more than 2/5th of the overall incremental opportunity created during the forecast years in the global cross laminated timber market.

cross laminated timber market

Europe to Accumulate High Volume and Value Share in the Cross Laminated Timber Market

The introduction of environmental regulations pertaining to the utilization of timber-based construction materials in buildings is expected to push the demand for cross laminated timber in Europe. Moreover, cross laminated timber-based buildings have a low carbon footprint as compared to alternative materials in the market.

The Middle East & Africa region is expected to register 1.8X growth in the cross laminated timber market. Various countries, including Mexico and Brazil, in the region are expected to exhibit significant growth during the forecast period in the cross laminated timer market, owing to the increasing demand from residential as well as commercial & institutional sectors. All the other regions are expected to exhibit relatively moderate growth over the forecast period in the global cross laminated timber market.

Cross Laminated Timber Market – Competitive Landscape

Some of the participants included in this report involved in the global cross laminated timber market are Stora Enso Oyj, Binderholz GmbH, Mayr-Melnholf Holz Holding AG, KLH Massivholz GmbH, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Eugen Decker Holzindustrie KG, Ed. Zublin AG, Schilliger Holz AG, W.u.J. Derix GmbH & Co. and weinberger-holz GmbH.    

The global cross laminated timber market is partly fragmented with the top 5 players holding a significant part of the overall market. Globally, the top 5 players in the global cross laminated timber market collectively hold more than half of the overall market share.

In the recent past, the cross laminated timber market has witnessed significant developments from a competition perspective. The introduction of production plants is found to be one of the key strategies opted by key players to sustain and expand in the global cross laminated timber market.

  • For instance, in July 2018, Derix Group has announced the expansion of its production capacity, which is being accomplished by building an additional cross laminated timber production hall on the company’s premises in Germany

Key Questions Answered in the Report

  • How has the cross laminated timber market evolved in the past four years?
  • How is the cross laminated timber market expected to take shape in terms of volume and value during the study period?
  • What are the prevailing market dynamics in the cross laminated timber market?
  • What are the competition developments and trends in the cross laminated timber market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the cross laminated timber market?
  • Which are some of the key challenges, opportunities and improvement factors for market players?
  • What are the market positioning and key strategies of key manufacturers as per the market taxonomy?
  • How is the competition structured at present and how has it evolved in the cross laminated timber market over the past few years?

Company Profiles

  • Store Enso Oyo
  • Binderholz GmbH
  • Mayr-Melnhof Holz Holding AG
  • KLH Massivholz GmbH
  • HASSLACHER Holding GmbH
  • Structurlam Mass Timber Corporation
  • Eugen Decker Holzindustrie KG
  • Ed. Züblin AG
  • Schilliger Holz AG
  • W. u. J. Derix GmbH & Co.
  • Weinberger-holz gmbh
  • Others.
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