Glue-Laminated Timber Market Growth, Industry Outlook, Demand, Keyplayer Analysis and Opportunity 2020-2025

17/dic/2020 11:28:33 IMARC Group Contatta l'autore

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According to the latest research report, the global glue-laminated timber market reached a value of US $ 3.7 Billion in 2019, growing at a CAGR of 3.6% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years.

Glue-laminated timber is a structural lumber product which is used for both residential and commercial projects. It is made by bonding thin layers of timber together with superior wood adhesives. The laminating process eliminates the natural variations in the performance of solid timber, thereby resulting in consistent performance. Owing to this, glue-laminated timber has rapidly gained prominence as a green building solution in the recent years.

Global Glue-Laminated Timber Market Drivers / Constraints:

The growing preference for wood-based construction materials due to their advantages including high thermal performance, chemical resistance, durability, lightweight, etc. are expected to influence the growth of the global glue-laminated timber market.

The governing authorities across various nations are encouraging the use of wood-based products due to growing sustainability concerns. This, in turn, is catalysing the demand for glue-laminated timber.

As glue-laminated timber offers design flexibility, cost-effectiveness and ease of construction, it is extensively being used in applications ranging from flat, large roof systems to complex arches. This is anticipated to propel the growth of the market across the globe.

Poor acoustic performance, high maintenance costs, rise in the price of raw materials and transportation costs are some of the factors that can hamper the demand for glue-laminated timber.

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Market Segmentation:

Market Breakup by Region

Asia Pacific
North America
Latin America
Middle East and Africa

Market Breakup by End Use

Floor Beams
Window and Door Header
Trusses and Supporting Columns
Roof Beams

Some of the leading players operating in the market are:

Structural Wood Systems
Mayr-Melnhof Holz Gaishorn Gmbh
Fforest Timber Engineering Ltd.
Boise Cascade (NYSE: BCC)

Browse full report with detailed TOC and list of figures and tables:

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