Published on : May 08, 2018
Albany, New York, May 8, 2018: As government in various countries are encouraging constructors to build green buildings, demand for engineered wood continues to remain high. Increasing demand for engineered wood for construction purposes is expected to reflect positively on the growth of the global cross laminated timber (CLT) market over the years. A new report titled ‘Cross Laminated Timber (CLT) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025’ has been included in the database of the Market Research Hub (MRH) that provides the impact of recent market trends and developments in the global market.
Snapshot of Cross Laminated Timber (CLT) Market
With the strong support of the government in various countries for environment-friendly construction solutions, leading construction manufacturers are shifting their focus from concrete-based construction to wooden-based construction. In addition, customers are becoming more aware of various health-related risks of the cement-concrete in buildings and other infrastructural constructions. To build green buildings and infrastructures, leading manufacturers are opting for engineered woods such as cross-laminated timber (CLT).
Constructors are utilizing engineered wood products such as CLT to build green infrastructure and buildings such as schools, offices, commercial complexes, and residential buildings. Customers prefer spending on the wooden-based infrastructure attributed to its design flexibility, earthquake-proof and fire-resistant features, and aesthetic appeal. With the growing support and encouragement of government for wood-based construction, demand for CLT is expected to increase globally.
Segmentation of Cross Laminated Timber (CLT) Market
Valuable perspectives encapsulated in the report offers important insights on the impact of various segments on the global market growth. In this section, the report outlines the global market in various segments such as types, application, and region. Based on types, the global market is segmented as mechanically fastened CLT and adhesive bonded CLT. On the basis of applications, the global market segmented as government/public buildings, residential buildings, industrial and commercial spaces, and educational institutions. Crucial information offered in the report allows the readers to understand and identify the segments are likely to be the leading revenue contributor in the market and impact of their growth on the global market.
In addition to the segmentation of the global market, the report is further divided in terms of various regions. On the basis of region, the global market is segmented as Latin America, Europe, North America, the MEA, and Asia Pacific. Crucial information provided in the report further briefs the readers on the impact of strategies implemented by major market players in various regions. Based on these insights, leading firms can understand the recent trends and developments identified in the global market and make accurate decisions.
Competitive Landscape of Cross Laminated Timber (CLT) Market
Crucial information compiled in the report provides imperative insights on various strategies adopted by the major companies and its impact on customer’s purchase journey. Based on the insights provided in the report the existing companies and new market players can make accurate analysis, implement right investment decisions, and develop effective marketing strategies. Leading companies identified in the global market are Mayr-Melnhof Holz Holding AG, Stora Enso, KLH Massivholz GmbH, Binderholz Bausysteme GmbH, Structurlam Mass Timber Corporation, HASSLACHER Holding GmbH, Ed. Züblin AG, Nordic Structures, Sterling Lumber Company, W. u. J. Derix GmbH & Co., and Eugen Decker Holzindustrie KG.
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