Cross-laminated timber (CLT) Market by Bonding Technology (Adhesive Bonded, Mechanically Fastened), by Application (Residential Buildings, Non-Residential Buildings, Others), by By Geography (North America), by Europe (Germany, U.K., Italy, France, Switzerland, Austria, Czech Republic, Rest of Europe), by Asia Pacific (Japan, Australia & New Zealand, China, India, Rest of Asia Pacific), by Rest of the World (South Africa, Mexico, Others) Forecast 2024-2032
The Cross-laminated timber (CLT) Marketsize was valued at USD 725.9 Billion in 2023 and is projected to reach USD 1028.24 Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Cross-laminated timber (CLT) is a symbol of innovation in green building. Comprising multiple layers of wood boards arranged at an angle, glued together, and then laminated into a single layer, CLT is characterized as a high-durability, strong, and versatile material. Engineered design with the capacity for partial prefabrication helps to make the construction processes faster and more precise, as well as less prone to waste production. Due to its strong property-to-weight ratio, CLT surpasses traditional building materials such as concrete and steel in structural performance. Above those practical benefits, CLT values sustainability in the ecological sense, as it supports the implementation of renewables and active carbon removal from the atmosphere. Therefore, the environmentally responsible technique is one of the reasons why CLT has become an increasingly important part of contemporary architecture. This means that nowadays, from residential buildings to commercial structures and even high-rise developments, CLT application is possible. With the increasing demand for sustainable construction solutions, CLT is still one of the leading options being explored by experts, showing a way to the green and resilient cities of the future.
Bonding Technology:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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