DUBLIN--(BUSINESS WIRE )--The "Cross-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global cross-laminated timber market reached a volume of 1,853,437 Cubic Metres in 2021. Looking forward, the publisher expects the market to reach 3,777,532 Cubic Metres by 2027, exhibiting at a CAGR of 12.4% during 2022-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Cross-laminated timber (CLT) is an engineered wood product that is rapidly gaining popularity across the globe 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, roofs and other applications. CLT panels are strong and stiff, which allows them to be used in a wide range of applications. The use of CLT panels has become a successful and popular method of construction in Europe since it was first introduced during the early 1990's. It is currently used for all kinds of structures ranging from houses, barns, powerline towers, churches and bridges to high-rise apartment and office buildings, adding visibility and reputation to the system.

The structures built with cross laminated timber require shorter period of construction time than traditional construction materials such as concrete and bricks. This is largely attributed to its light weight nature and easy and fast installation. Due to the faster construction time and cheaper built up costs, CLT offers a cheaper alternative over other popular construction material such as precast concrete to the building industry.

CLT can be used for an entire building or any combination of wall, floor/ceiling and roof applications. Its light weight and other characteristics make it highly adaptable to different types of projects, designs and site conditions like soft soils or tight proximity to neighbouring buildings. CLT elements can also be combined with other building materials which provides more flexibility in design, style and finish architecture. Moreover, any change in CLT can be made on site with simple tools.

Cross laminated timber since its inception has been largely confined to Europe. However, due to the increasing awareness about its advantages over other traditional construction material, architects and other stakeholders in the building industry in several markets such as China, Japan, United States, Canada, Australia, NewZealand, etc., are now considering cross laminated timber as a building material for their projects.

Cross laminated timber, over the years, has been mainly used as a building material in constructing low to mid rise buildings which mainly includes educational institutes and residential buildings. However, due to recent technical advancement, now structures up to 10 storeys can be built using cross laminated timber. Therefore, due to this technical advancement coupled with the aesthetic value that CLT adds to a structure, several construction companies are considering this product to build large commercial spaces.

Key Questions Answered in This Report

1. What is the size of the global cross-laminated timber market?

2. What are the key factors driving the global cross-laminated timber market?

3. What has been the impact of COVID-19 on the global cross-laminated timber market?

4. What is the breakup of the global cross-laminated timber market based on the product type?

5. What is the breakup of the global cross-laminated timber market based on the element type?

6. What is the breakup of the global cross-laminated timber market based on the raw material?

7. What is the breakup of the global cross-laminated timber market based on the bonding method?

8. What is the breakup of the global cross-laminated timber market based on the panel layers?

9. What is the breakup of the global cross-laminated timber market based on the adhesive type?

10. What is the breakup of the global cross-laminated timber market based on the press type?

11. What is the breakup of the global cross-laminated timber market based on the storey class?

12. What is the breakup of the global cross-laminated timber market based on the application type?

13. What are the key regions in the global cross-laminated timber market?

14. Who are the key players/companies in the global cross-laminated timber market?

5 Global Cross Laminated Timber Industry

10 Market by Raw Material Type

18 Global Cross Laminated Timber Industry: Environmental Impact/Benefit Analysis

19 Global Cross Laminated Timber Industry: Financial Impact/Benefit Analysis

20 Cross Laminated Timber Manufacturing Process

21 Project Details, Requirements and Costs Involved

For more information about this report visit https://www.researchandmarkets.com/r/pl8n7w

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900