Global Cross Laminated Timber Market Share, Size, Price Trends And Forecast 2018-2023

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Global Cross Laminated Timber Market Catalysed by
Government Support
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Report Description and Highlights
Global Cross Laminated Timber Market Catalysed by
Government Support The global cross laminated
timber market is growing at a healthy rate as
they are environment-friendly and can be easily
installed. Owing to this, cross laminated timber
is now being increasingly used in the
construction industry which has further given
impetus to the market. Cross laminated timber
(CLT) is a panel of wood, designed by gluing
together layers of solid-sawn timber. The
process offers improved dimensional stability to
the product, in-plane and out-of-plane strength,
stiffness and increases the splitting resistance.
Over the years, cross laminated timber has
replaced other concrete alternatives such as
steel and masonry due to their cost
effectiveness, easy and faster installation,
high strength, etc. A new research report by
IMARC Group, titled Cross Laminated Timber
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2018-2023,
estimates that the market was worth US 545
Million in 2017. The report further anticipates
the market to reach a value of approximately US
1196 Million by 2023, at a projected CAGR of 14
over the forecast period.
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Report Description and Highlights
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Report Description and Highlights

• Market Drivers/Constraints
• The green building movement and other
  international initiatives are gaining momentum
  worldwide. Cross laminated timber is regarded as
  environment-friendly material which requires low
  energy consumptions as compared to its
  counterparts.
• The use of cross laminated timber offers
  structural capability and reduction in
  construction cost as well as time, making it apt
  for usage in all elements of construction such as
  walls, roofs, floor, etc.
• The consistent marketing efforts by manufacturers
  have also aided in creating awareness about
• the advantages of cross-laminated timber among
  consumers.
• However, there are several factors that hamper
  the market growth. Structures created using
  cross laminated timber require external support
  and added insulation. Moreover, any kind of
  future transformations with structure is
  difficult in comparison to the traditional
  constructional materials.

Read full report _at_ https//www.imarcgroup.com/cros
s-laminated-timber-manufacturing-plant
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Report Description and Highlights

• Application Insights
• Residential represents the largest application
  segment in the cross-laminated timber market.
  Residential is followed by educational
  institutes, government/public buildings and
  commercial spaces.
• Regional Insights
• On a geographical front, Europe enjoys a leading
  position in the global cross-laminated timber
  market on account of its high demand in the
  region. In Europe, Australia exhibits a clear
  dominance in the market. It is followed by North
  America (including the United States and Canada).
• Competitive Landscape
• The market is concentrated with the presence of
  large manufacturers who compete in terms of
  prices and quality. There is an intense
  competition in the market which makes it
  difficult for new players to survive. Some of
  the leading players operating in the market are
• Stora Enso
• KLH
• Binderholz
• Mayr Melnhof
• Hasslacher
• Request Sample Of The Report https//www.imarcgro
  up.com/request?typereportid602flagB

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Report Description and Highlights
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Report Description and Highlights
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