Europe Cross Laminated Timber Market Size & Outlook
Europe cross laminated timber market, 2018-2030 (US$M)
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Europe cross laminated timber market highlights
- The Europe cross laminated timber market generated a revenue of USD 691.6 million in 2022.
- The market is expected to grow at a CAGR of 14.6% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 691.6 million |
| Market revenue in 2030 | USD 2,064.5 million |
| Growth rate | 14.6% (CAGR from 2022 to 2030) |
| Largest segment | Adhesive bonded cross laminated timber |
| Fastest growing segment | Mechanically Fastened Cross Laminated Timber |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 58.9% of the global cross laminated timber market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 56.5 million by 2030.
Key Regions: U.S. , Japan , Germany , Italy , Switzerland
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Cross Laminated Timber Market Scope
Cross Laminated Timber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 87.04% in 2022. Horizon Databook has segmented the Europe 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 cross laminated timber market in Europe is expected to benefit from the recovery in the residential and commercial construction sectors. As there are numerous projects introduced related to residential construction for instance The European market has witnessed significant growth in construction activities and this growth can be directly translated into an increased product demand.
The market is expected to be significantly driven by the growing residential sector on account of the increasing rate of immigration. The residential construction sector accounted for the highest share in the consumption of cross laminated timber on account of the extensive product application scope in this sector; the products are used in the formation of the roof structure, floor structure, and others.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cross laminated timber market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cross laminated timber market size, by country, 2018-2030 (US$M)
Europe Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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