North America Cross Laminated Timber Market Size & Outlook

The cross laminated timber market in North America is expected to reach a projected revenue of US$ 757.0 million by 2030. A compound annual growth rate of 15.1% is expected of North America cross laminated timber market from 2023 to 2030.

Revenue, 2022 (US$M)
$246.0
Forecast, 2030 (US$M)
$757.0
CAGR, 2023 - 2030
15.1%
Report Coverage
North America

North America cross laminated timber market highlights

  • The North America cross laminated timber market generated a revenue of USD 246.0 million in 2022.
  • The market is expected to grow at a CAGR of 15.1% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.

North America data book summary

Market revenue in 2022USD 246.0 million
Market revenue in 2030USD 757.0 million
Growth rate15.1% (CAGR from 2022 to 2030)
Largest segmentAdhesive bonded cross laminated timber
Fastest growing segmentMechanically Fastened Cross Laminated Timber
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 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, North America region accounted for 21.0% 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 Companies

Name Profile # Employees HQ Website

North 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 89.51% in 2022. Horizon Databook has segmented the North 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.


  • North America Cross Laminated Timber Product Outlook (Revenue, USD Million, 2018-2030)
    • Adhesive Bonded Cross Laminated Timber
    • Mechanically Fastened Cross Laminated Timber
  • North America Cross Laminated Timber Application Outlook (Revenue, USD Million, 2018-2030)
    • Residential
    • Institutional
    • Commercial
    • Other Applications

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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cross laminated timber market , including forecasts for subscribers. This continent databook contains high-level insights into North America cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America cross laminated timber market size, by country, 2018-2030 (US$M)

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

North America cross laminated timber market size, by country, 2018-2030 (US$M)

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