Latin America Cross Laminated Timber Market Size & Outlook
Latin America cross laminated timber market, 2018-2030 (US$M)
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Latin America cross laminated timber market highlights
- The Latin America cross laminated timber market generated a revenue of USD 55.9 million in 2022.
- The market is expected to grow at a CAGR of 16.6% 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.
Latin America data book summary
| Market revenue in 2022 | USD 55.9 million |
| Market revenue in 2030 | USD 191.1 million |
| Growth rate | 16.6% (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, Latin America region accounted for 4.8% 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.
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Cross Laminated Timber Market Scope
Cross Laminated Timber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 92.84% in 2022. Horizon Databook has segmented the Latin America 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 construction industry in Central and South America is expected to witness high growth over the forecasted period, owing to investments by governments toward the development of affordable housing across various countries such as Brazil, Argentina, Chile, and Uruguay.
The cross laminated timber market is expected to witness growth, owing to rising consumer preferences toward the usage of eco-friendly construction materials to reduce the carbon footprint of the construction industry.
In addition, regulation on cement production by agencies such as the intergovernmental panel on climate change (IPCC), against its environment effects is prompting builders and construction companies to switch to eco-friendly substitutes.
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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 continent-level data and insights on the Latin America cross laminated timber market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cross laminated timber market
Latin America Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
Latin America cross laminated timber market
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