Australia Cross Laminated Timber Market Size & Outlook

The cross laminated timber market in Australia is expected to reach a projected revenue of US$ 51.9 million by 2030. A compound annual growth rate of 12.8% is expected of Australia cross laminated timber market from 2023 to 2030.
Revenue, 2022 (US$M)
$19.9
Forecast, 2030 (US$M)
$51.9
CAGR, 2023 - 2030
12.7%
Report Coverage
Australia

Australia cross laminated timber market highlights

  • The Australia cross laminated timber market generated a revenue of USD 19.9 million in 2022 and is expected to reach USD 51.9 million by 2030.
  • The Australia market is expected to grow at a CAGR of 12.8% from 2023 to 2030.
  • In terms of segment, adhesive bonded cross laminated timber was the largest revenue generating product in 2022.
  • Mechanically Fastened Cross Laminated Timber is the most lucrative product segment registering the fastest growth during the forecast period.


Cross laminated timber market data book summary

Market revenue in 2022USD 19.9 million
Market revenue in 2030USD 51.9 million
Growth rate12.8% (CAGR from 2022 to 2030)
Largest segmentAdhesive bonded cross laminated timber
Fastest growing segmentMechanically Fastened Cross Laminated Timber
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAdhesive Bonded Cross Laminated Timber, Mechanically Fastened Cross Laminated Timber
Key market players worldwideStora Enso Oyj Ordinary Shares - Class R, Mayr-Melnhof Karton AG, Sterling Check Corp, Mercer International Inc, Binderholz, XLam, Schilliger Holz, KLH Massivholz, B&K Structures, SmartLam North America, Eugen Decker, Meiken Kogyo


Other key industry trends

  • In terms of revenue, Australia accounted for 1.7% of the global cross laminated timber market in 2022.
  • Country-wise, Austria is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China cross laminated timber market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 60.4 million by 2030.

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Cross Laminated Timber Market Scope

Cross laminated timber market segmentation & scope
Adhesive Bonded Cross Laminated Timber
Mechanically Fastened Cross Laminated Timber
Residential
Institutional
Commercial
Other Applications

Cross Laminated Timber Market Companies

Name Profile # Employees HQ Website

Australia 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 88.94% in 2022. Horizon Databook has segmented the Australia 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.


The construction industry in Australia has registered significant growth in the past few years owing to the rising construction of residential and commercial building structures. Moreover, infrastructure development in the country has contributed to the overall enhancement of the economy.

The rising number of new constructions and renovation activities of the existing building structures have surged the demand for building products. Thus, have supported the market for cross laminated timber.

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Horizon Databook provides a detailed overview of country-level data and insights on the Australia cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into Australia cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Australia cross laminated timber market size, by product, 2018-2030 (US$M)

Australia Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)

Australia cross laminated timber market size, by product, 2018-2030 (US$M)

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