Japan Cross Laminated Timber Market Size & Outlook
Japan cross laminated timber market, 2018-2030 (US$M)
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Japan cross laminated timber market highlights
- The Japan cross laminated timber market generated a revenue of USD 16.1 million in 2022 and is expected to reach USD 60.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 18% 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 16.1 million |
| Market revenue in 2030 | USD 60.4 million |
| Growth rate | 18% (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, Japan accounted for 1.4% 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 Scope
Cross Laminated Timber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 88.2% in 2022. Horizon Databook has segmented the Japan 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 Japan is expected to witness fast growth owing to the government’s investment in various construction projects including healthcare, energy, expressways, infrastructure, and others in the forecast period. Moreover, the construction activities for the Olympic Games in 2021 ascended the construction activities, thereby supporting the demand for cross laminated timber.
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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 Japan cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into Japan cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan cross laminated timber market size, by product, 2018-2030 (US$M)
Japan Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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