The global Cross Laminated Timber (CLT) Market valued 957.12 (USD Million) in 2020 and is predicted to 2,704.13(USD Million) by 2028, with a CAGR of 15.1%.
FrequentlyAsked Questions
Escalating demand for sustainable residential places will steer growth of cross laminated timber (CLT) market. Massive customer demand for cross-laminated timber in single & multi-family residential buildings in countries of North America and Western Europe will translate into humungous growth of cross laminated timber (CLT) industry. Humungous popularity of upscale buildings will favorably impact revenue growth of cross laminated timber (CLT) industry in ensuing years. Moreover, rise in per capita income and capacity of industry players to procure raw material & produce extensively will steer expansion of cross laminated timber (CLT) market. In addition to this, surge in awareness among customers about advantages of using cross laminated timber in construction activities will create new growth avenues for cross laminated timber (CLT) industry. Furthermore, growing inclination of end-users towards eco-friendly products and green constructions will unfurl novel growth vistas for cross laminated timber (CLT) industry.
According to Zion market research report, the global Cross Laminated Timber (CLT) Market accrued earnings worth approximately 957.12 (USD Million) in 2020 and is predicted to gain revenue of about 2,704.13(USD Million) by 2028, is set to record a CAGR of nearly 15.1% over the period from 2021 to 2028.
Europe will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in green building constructions in sub-continent. Surging preference for wooden products in construction sector will aid expansion of cross laminated timber (CLT) market in Europe over forecasting timespan. Presence of giant manufacturers in countries such as Norway, UK, France, and Germany and spike in demand for product will produce new avenues of growth for cross laminated timber (CLT) market over forecasting timespan.
The key market participants include HASSLACHER Holding GmbH, Stora Enso Oyj, Nordic Structures, Ed. Züblin AG, KLH Massivholz GmbH, Binderholz Bausysteme GmbH, Mayr-MelnhofHolz Holding GmbH, Structurlam Mass Timber Corporation, Eugen Decker Holzindustrie KG, Sterling Lumber Company, and W. u. J. Derix GmbH & Co.
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