Market revenue in 2022 | USD 19.9 million |
Market revenue in 2030 | USD 51.9 million |
Growth rate | 12.8% (CAGR from 2022 to 2030) |
Largest segment | Adhesive bonded cross laminated timber |
Fastest growing segment | Mechanically Fastened Cross Laminated Timber |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Adhesive Bonded Cross Laminated Timber, Mechanically Fastened Cross Laminated Timber |
Key market players worldwide | Stora 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 |
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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.
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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