U.S. Cross Laminated Timber Market Size & Outlook
U.S. cross laminated timber market, 2018-2030 (US$M)
Related Markets
U.S. cross laminated timber market highlights
- The U.S. cross laminated timber market generated a revenue of USD 155.7 million in 2022 and is expected to reach USD 489.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 15.4% 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 155.7 million |
| Market revenue in 2030 | USD 489.2 million |
| Growth rate | 15.4% (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, U.S. accounted for 13.3% 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 North America, U.S. cross laminated timber market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 489.2 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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U.S. 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 89.02% in 2022. Horizon Databook has segmented the U.S. 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 U.S. accounted for the largest share of cross laminated timber in North America in 2021 and is anticipated to dominate the market over the forecast period. The U.S. observes the high demand and consumption of wood products for several applications.
Factors such as high disposable income, large construction market size, the ability of established players to mass-produce, and an extensive range of products are expected to boost the market growth in the region.
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Target buyers of U.S. cross laminated timber market databook
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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 U.S. cross laminated timber market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cross laminated timber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. cross laminated timber market size, by product, 2018-2030 (US$M)
U.S. Cross Laminated Timber Market Outlook Share, 2022 & 2030 (US$M)
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