China Cross Laminated Timber Market Size & Outlook

The cross laminated timber market in China is expected to reach a projected revenue of US$ 250.7 million by 2030. A compound annual growth rate of 14.8% is expected of China cross laminated timber market from 2023 to 2030.
Revenue, 2022 (US$M)
$83.1
Forecast, 2030 (US$M)
$250.7
CAGR, 2023 - 2030
14.8%
Report Coverage
China

China cross laminated timber market highlights

  • The China cross laminated timber market generated a revenue of USD 83.1 million in 2022 and is expected to reach USD 250.7 million by 2030.
  • The China market is expected to grow at a CAGR of 14.8% 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 83.1 million
Market revenue in 2030USD 250.7 million
Growth rate14.8% (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, China accounted for 7.1% 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 Companies

Name Profile # Employees HQ Website

China 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 90.25% 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.

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Target buyers of China cross laminated timber market databook

  • Our clientele includes a mix of cross laminated timber market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 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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China cross laminated timber market size, by product, 2018-2030 (US$M)

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

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

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