Glulam, CLT use set to expand in Asia

The global glue-laminated (glulam) timber market is anticipated to reach US$ 8 billion by 2025, according to a new report by Grand View Research. Global sustainability concerns, along with the persistent energy crisis, are among the major factors that are expected to propel market growth over the years to come.

The only constituents of cross-laminated timber are wood and a non-toxic, non-VOC adhesives.

The transition from concrete- and steel-based construction to wood building materials is set to actuate demand from the market over the next 8 years.

Significant attributes such as high insulation, promising thermal performance, as well as high chemical resistance, are projected to influence the market positively.

In addition, the low cost and ease of construction offered by glulam relative to other building materials have made it affordable for all consumer segments.

The demand for wood-based residential buildings, including single-family homes and multi-family apartments, is increasing due to their aesthetic appeal and design flexibility.

Residential and commercial segments are expected to collectively account for around 80% of the global market revenue by 2025. Further innovations in building and design technologies are projected to boost the demand for glulam products over the forecast period.

The Asia-Pacific is likely to emerge as the leading region owing to the growing popularity of glue laminate as a building material, along with various government regulations. A growing number of manufacturers of the product in North America and growing research and development for technological advancements are expected to propel the market.

Easy availability of timber in forests of Central European countries and the presence of advanced timber processing industries are the prime factors responsible for market growth in Europe. Countries like Canada, the US, Italy, Japan, Australia and China are rapidly developing markets for glulam timber.

The market is likely to register a compounded annual growth rate of 5.9% in terms of value from 2017 to 2025 on account of growing concerns regarding environmental degradation as well as increasing awareness among consumers.

The key market players in glulam timber include Boise Cascade Co., Calvert Company, Pfeifer Holz GmbH, Setra Group AB, Canfor Corporation, SchilligerHolz AG, Structurlam, Mayr-MelnhofHolz Holding AG, Binderholz GmbH, B&K Structures, Eugen Decker Holzindustrie KG and MeikenLamwood Corp.

CLT market outlook

The global market for cross-laminated timber (CLT), which was valued at around US$ 670.2 million in 2016, is anticipated to expand at a stable compounded annual growth rate of 15.1% during the forecast period from 2017 to 2025.

According to a new report published by Transparency Market Research the expansion of the global CLT market is driven by the rise in demand for the product as a sustainable construction material. The only constituents of a CLT building system are wood and a non-toxic/non-VOC adhesive.

Europe accounts for a major share of over 50% of the global cross laminated timber or CLT market, led by favourable government building codes and expansion in the construction industry.

Buildings that use CLT create multiple environmental benefits including structure passivity and performance, renewability, and reduction in carbon footprint. Additionally, CLT wall systems are naturally breathable and are integrated with appropriate mechanical systems.

The global CLT market can be segmented based on product, application and region. In terms of product, the CLT market can be classified into adhesive-bonded and mechanically fastened CLT. There is high demand for adhesive bonded CLT, typically in the residential building sector.

Europe accounted for a 60% share of the CLT market in 2016. The key players in this market are Stora Enso, Mayr-MelnhofHolz Holding AG, BinderholzBausysteme GmbH, KLH Massivholz GmbH, and Hasslacher Holding GmbH. Germany dominates the CLT market in Europe.

In the Asia-Pacific region Japan, Australia and New Zealand are the major consumers of CLT. Earthquake-prone countries such as Japan have shown significant interest in using CLT as a construction material for residential and non-residential buildings.

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