The glue laminated timber global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glue Laminated Timber Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The glue laminated timber market size has grown steadily in recent years. It will grow from $3.48 billion in 2023 to $3.65 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to rising use of glue-laminated timber in numerous industries, rapid growth of the construction industry, increasing demand from building & construction sector, increasing demand from building & construction sector, increasing demand from residential sector.
The glue laminated timber market size is expected to see steady growth in the next few years. It will grow to $4.24 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to demand for glue-laminated timber products, rapid urbanization, rapid urbanization unprecedented growth in the construction sector, rising government investments in glue-laminated, growing urban populations worldwide stimulate construction activities. Major trends in the forecast period include continuous advancements in architecture and interior designs, sustainable construction, architectural design flexibility, energy efficiency and thermal performance, green building certifications.
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Scope Of Glue Laminated Timber Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Glue Laminated Timber Market Overview
Market Drivers –
The rapid growth of the construction industry is expected to propel the growth of the glue laminated timber market going forward. The construction industry involves planning, creating, renovating, and maintaining physical structures and infrastructure. The construction industry is on the rise due to several factors, including growing infrastructure investments, rising housing demands, and the rising need for green infrastructure. Glue laminated timber is a versatile and sustainable structural material that offers strength, flexibility, and aesthetic appeal in contemporary construction projects. For instance, in February 2022, according to a report published by the Office for National Statistics, a UK-based administrative office, the construction sector saw a record rise of 12.7% in 2021 compared to 2020. The construction output volume increased by 2.0% in December 2021, driven entirely by a 3.5% growth in new work. Therefore, the rapid growth of the construction industry is driving the growth of the glue laminated timber market.
Market Trends –
Major companies operating in the glue laminated timber market are developing innovative products, such as NeXTimberto, to gain a competitive edge in the market. NeXTimber refers to a range of mass timber building solutions, including cross-laminated timber (CLT) panels and glue-laminated timber (GLT) members. For instance, in December 2021, Timber Link International Limited, a UK-based timber company, launched the NeXTimber brand of engineered wood products and mass timber building solutions. The NeXTimber range will include CLT (cross-laminated timber) and GLT (glue-laminated timber) and will be manufactured on Timberlink’s Tarpeena site from Timberlink timber, sourced from local certified pine plantations, providing both biophilic and environmental benefits. NeXTimber products offer the strength required for taller and more complex structures while maintaining the advantages of traditional timber.
The glue laminated timber market covered in this report is segmented –
1) By Type: Premium Grade, Framing Grade, Industrial Grade, Architectural Grade
2) By Shape: Straight, Curved, Custom
3) By Application: Floor And Roof Beams, Replacement, Household Framing, Window And Door Headers, Supporting Columns, Ridge And Curved Beams
4) By End-Use: Building And Construction, Architecture
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Regional Insights –
Europe was the largest region in the glue laminated timber market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glue laminated timber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the glue laminated timber market are Stora Enso Oyj, Boise Cascade Company, Canfor Corporation, Binderholz GmbH, Pfeifer Holding GmbH, Western Forest Products Inc., Holzindustrie Schweighofer GmbH, Forest Timber Engineering Ltd., Mayr-Melnhof Holz Holding AG, Setra Group AB, W. u. J. Derix GmbH & Co. KG, Eugen Decker GmbH & Co. KG, Eacom Timber Corporation, Structurlam Mass Timber Corporation, B&K Structures Ltd., D.R. Johnson Wood Innovations LLC, Structural Wood Systems Inc., Wiehag GmbH, HASSLACHER Holding GmbH, Schilliger Holz AG, Nordic Engineered Wood, KLH Massivholz GmbH, Glulam Ltd., Calvert Company Inc., Rubner Holzbau GmbH, EcoCurves BV, Meiken Lamwood Corp.
Table of Contents
1. Executive Summary
2. Glue Laminated Timber Market Report Structure
3. Glue Laminated Timber Market Trends And Strategies
4. Glue Laminated Timber Market – Macro Economic Scenario
5. Glue Laminated Timber Market Size And Growth
…..
27. Glue Laminated Timber Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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