Market revenue in 2022 | USD 83.1 million |
Market revenue in 2030 | USD 250.7 million |
Growth rate | 14.8% (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 90.25% in 2022. Horizon Databook has segmented the China 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 market in China is expected to accelerate at a significant rate in the forecasted years till 2030. China witnessed rapid growth in urbanization and industrialization in the 20th century. Since the late 90s, the government of 5 China has been investing heavily in fixed assets. The rising urbanization has led to increasing investments in transport systems, ports, roadways, and mega factories.
The policymakers in the country have been promoting the construction of green buildings and renovation of existing buildings since they anticipate that rapid urbanization in the country is expected to cause a rise in energy usage of up to 40% over the next 15 years.
In 2021 as a part of the initiatives undertaken in the country to encourage high-quality growth of green building in both, urban and rural areas. This is anticipated to positively influence the demand for cross laminated timber in China during the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the China cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into China cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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