Glue Laminated Timber Market Size, Trends, Share Report And Growth Analysis 2024-2033

Overview and Scope

Glue laminated timber refers a type of structurally engineered wood product made up of layers of solid wood boards bonded together with high-strength adhesive. It has the ability to span long distances and carry heavy loads while remaining lightweight and inexpensive. The purpose of glue laminated timber is to produce large, sturdy, and adaptable structural elements for use in construction projects.

Sizing and Forecast

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.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/glue-laminated-timber-global-market-report

Segmentation & Regional Insights

 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

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.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/report/glue-laminated-timber-global-market-report

Major Driver Impacting Market Growth

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.

Key Industry Players

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.

The glue laminated timber market report table of contents includes:

1. Executive Summary
2. Glue Laminated Timber Market Characteristics
3. Glue Laminated Timber Market Trends And Strategies
4. Glue Laminated Timber Market – Macro Economic Scenario
5. Global Glue Laminated Timber Market Size and Growth
…
32. Global Glue Laminated Timber Market Competitive Benchmarking
33. Global Glue Laminated Timber Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Glue Laminated Timber Market
35.Glue Laminated Timber Market Future Outlook and Potential Analysis
36. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model