Global Cross Laminated Timber Market Size & Outlook
Global cross laminated timber market, 2018-2030 (US$M)
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Global cross laminated timber market highlights
- The global cross laminated timber market generated a revenue of USD 1,174.2 million in 2022 and is expected to reach USD 3,569.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 14.9% by 2030.
- In terms of segment, adhesive bonded cross laminated timber accounted for a revenue of USD 1,036.1 million in 2022.
- Mechanically Fastened Cross Laminated Timber is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, New Zealand is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,174.2 million |
| Market revenue in 2030 | USD 3,569.1 million |
| Growth rate | 14.9% (CAGR from 2022 to 2030) |
| Largest segment | Adhesive bonded cross laminated timber |
| Fastest growing segment | Mechanically Fastened Cross Laminated Timber |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesive Bonded Cross Laminated Timber, Mechanically Fastened Cross Laminated Timber |
Other key industry trends
- In terms of revenue, the North America accounted for 21.0% of the global cross laminated timber market in 2022.
- By country, the Austria is projected to lead the global market in terms of revenue in 2030.
- By country, New Zealand is the fastest growing regional market and is projected to reach USD 51.0 million by 2030.
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Cross Laminated Timber Market Scope
Cross Laminated Timber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global cross laminated timber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cross laminated timber market will help companies and investors design strategic landscapes.
Adhesive bonded cross laminated timber was the largest segment with a revenue share of 88.24% in 2022. Horizon Databook has segmented the Global cross laminated timber market based on adhesive bonded cross laminated timber, mechanically fastened cross laminated timber covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cross Laminated Timber Product Outlook (Revenue, USD Million, 2018-2030)
- Adhesive Bonded Cross Laminated Timber
- Mechanically Fastened Cross Laminated Timber
- Global Cross Laminated Timber Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
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Our clientele includes a mix of cross laminated timber market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cross laminated timber market , including forecasts for subscribers. This global databook contains high-level insights into Global cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global cross laminated timber market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cross laminated timber market size, 2022 (US$M)
Global cross laminated timber market share, by product, 2022 & 2030 (%, US$M)
Cross laminated timber market: Opportunity assessment by country
Global cross laminated timber market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 177.8 | 199.9 | 201.9 | 218.9 | 246.1 | 281.0 | 322.1 | 369.8 | 425.3 | 489.9 | 565.4 | 653.7 | 757.0 | 15.1% |
| Europe | 495.2 | 558.5 | 562.6 | 613.9 | 691.6 | 785.2 | 894.0 | 1,020.7 | 1,168.7 | 1,341.3 | 1,544.0 | 1,782.6 | 2,064.5 | 14.7% |
| Asia Pacific | 115.1 | 129.8 | 130.3 | 145.9 | 165.4 | 188.3 | 215.0 | 246.1 | 282.3 | 324.5 | 373.9 | 431.9 | 500.0 | 14.8% |
| Latin America | 44.3 | 50.2 | 49.0 | 51.2 | 55.9 | 62.8 | 71.8 | 82.8 | 96.2 | 112.8 | 133.4 | 159.0 | 191.1 | 16.6% |
| MEA | 10.6 | 12.0 | 12.2 | 13.5 | 15.2 | 17.4 | 20.1 | 23.4 | 27.4 | 32.5 | 38.7 | 46.6 | 56.5 | 17.8% |
| Overall | 843.1 | 950.4 | 955.9 | 1,043.3 | 1,174.2 | 1,334.8 | 1,522.9 | 1,742.6 | 1,999.8 | 2,301.0 | 2,655.4 | 3,073.7 | 3,569.1 | 14.9% |
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