The glue laminated timber global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glue Laminated Timber Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The glue laminated timber market size has grown steadily in recent years. It
will grow from $3.48 billion in 2023 to $3.65 billion in 2024 at a compound
annual growth rate (CAGR) of 4.9%. The
growth in the historic period can be attributed to rising use of glue-laminated
timber in numerous industries, rapid growth of the construction industry,
increasing demand from building & construction sector, increasing demand
from building & construction sector, increasing demand from residential
sector.
The glue laminated timber market size is expected to see steady growth in the
next few years. It will grow to $4.24 billion in 2028 at a compound annual
growth rate (CAGR) of 3.8%. The growth
in the forecast period can be attributed to demand for glue-laminated timber
products, rapid urbanization, rapid urbanization unprecedented growth in the
construction sector, rising government investments in glue-laminated, growing
urban populations worldwide stimulate construction activities. Major trends in
the forecast period include continuous advancements in architecture and
interior designs, sustainable construction, architectural design flexibility,
energy efficiency and thermal performance, green building certifications.
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Scope Of Glue Laminated Timber Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Glue Laminated Timber Market Overview
Market Drivers -
The rapid growth of the construction industry is expected to propel the growth
of the glue laminated timber market going forward. The construction industry
involves planning, creating, renovating, and maintaining physical structures
and infrastructure. The construction industry is on the rise due to several
factors, including growing infrastructure investments, rising housing demands,
and the rising need for green infrastructure. Glue laminated timber is a
versatile and sustainable structural material that offers strength,
flexibility, and aesthetic appeal in contemporary construction projects. For
instance, in February 2022, according to a report published by the Office for
National Statistics, a UK-based administrative office, the construction sector
saw a record rise of 12.7% in 2021 compared to 2020. The construction output
volume increased by 2.0% in December 2021, driven entirely by a 3.5% growth in
new work. Therefore, the rapid growth of the construction industry is driving
the growth of the glue laminated timber market.
Market Trends -
Major companies operating in the glue laminated timber market are developing
innovative products, such as NeXTimberto, to gain a competitive edge in the
market. NeXTimber refers to a range of mass timber building solutions,
including cross-laminated timber (CLT) panels and glue-laminated timber (GLT)
members. For instance, in December 2021, Timber Link International Limited, a
UK-based timber company, launched the NeXTimber brand of engineered wood products
and mass timber building solutions. The NeXTimber range will include CLT
(cross-laminated timber) and GLT (glue-laminated timber) and will be
manufactured on Timberlink's Tarpeena site from Timberlink timber, sourced from
local certified pine plantations, providing both biophilic and environmental
benefits. NeXTimber products offer the strength required for taller and more
complex structures while maintaining the advantages of traditional timber.
The glue laminated timber market covered in this report is segmented –
1) By Type: Premium Grade, Framing Grade, Industrial Grade, Architectural Grade
2) By Shape: Straight, Curved, Custom
3) By Application: Floor And Roof Beams, Replacement, Household Framing, Window
And Door Headers, Supporting Columns, Ridge And Curved Beams
4) By End-Use: Building And Construction, Architecture
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Regional Insights -
Europe was the largest region in the glue laminated timber market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the glue laminated timber market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the glue laminated timber market are Stora Enso
Oyj, Boise Cascade Company, Canfor Corporation, Binderholz GmbH, Pfeifer Holding
GmbH, Western Forest Products Inc., Holzindustrie Schweighofer GmbH, Forest
Timber Engineering Ltd., Mayr-Melnhof Holz Holding AG, Setra Group AB, W. u. J.
Derix GmbH & Co. KG, Eugen Decker GmbH & Co. KG, Eacom Timber
Corporation, Structurlam Mass Timber Corporation, B&K Structures Ltd., D.R.
Johnson Wood Innovations LLC, Structural Wood Systems Inc., Wiehag GmbH,
HASSLACHER Holding GmbH, Schilliger Holz AG, Nordic Engineered Wood, KLH
Massivholz GmbH, Glulam Ltd., Calvert Company Inc., Rubner Holzbau GmbH,
EcoCurves BV, Meiken Lamwood Corp.
Table of Contents
1. Executive Summary
2. Glue Laminated Timber Market Report Structure
3. Glue Laminated Timber Market Trends And Strategies
4. Glue Laminated Timber Market – Macro Economic Scenario
5. Glue Laminated Timber Market Size And Growth
…..
27. Glue Laminated Timber Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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