Canada Cross Laminated Timber Market Size & Outlook
Canada cross laminated timber market, 2018-2030 (US$M)
Related Markets
Canada cross laminated timber market highlights
- The Canada cross laminated timber market generated a revenue of USD 81.9 million in 2022 and is expected to reach USD 246.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.7% 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 2022 | USD 81.9 million |
| Market revenue in 2030 | USD 246.0 million |
| Growth rate | 14.7% (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 |
Other key industry trends
- In terms of revenue, Canada accounted for 7.0% 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 North America, U.S. cross laminated timber market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 489.2 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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Canada 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 90.23% in 2022. Horizon Databook has segmented the Canada 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.
Cross laminated timber demand in Canada is anticipated to be driven by the construction sector, primarily for institutional building structures. Construction activities in the country are anticipated to propel the demand for cross laminated timbers for wall structures and rigid frames for large structures. Prevailing trends of carrying out lightweight construction and adopting durable products have resulted in the increasing popularity of cross laminated timbers over other wood products.
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Target buyers of Canada cross laminated timber market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into Canada cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cross laminated timber market size, by product, 2018-2030 (US$M)
Canada Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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