Global glue laminated timber market was valued at USD 4.76 Billion in 2016. It is expected to grow at a CAGR 5.9% during the forecast period. The market will be driven by growing sustainability concerns and increasing awareness of wood as a building material in the future. Market growth is expected to be driven by increasing consumer preference for wood-based construction due to its durability and high thermal performance.
Recent developments in wood have seen a dramatic increase in demand for glue-laminated timber. This is due to the fact that wood has become a more sustainable and cost-effective alternative to concrete and steel. Glue laminated timber's superior strength, construction ease, and maintenance will drive market growth in the coming eight years. The market will benefit from the increasing popularity and awareness of its benefits in North America and Asia Pacific.
Glue laminated wood can be used for framing, floor beams, roof beams, columns and door headers. Market growth is expected to be aided by a broadening of the product's use in different construction sectors, including residential, commercial, and industrial.
Glue laminated timber's key attributes, including its consistent performance, durability, chemical resistance and chemical resistance, will help to drive market growth. Moreover, glue laminated timber, being environment-friendly, has attracted the attention of governing authorities across the globe as a green building material. The industry's major players are always looking for technological breakthroughs that will allow them to produce better quality products at a higher efficiency.
The market will be challenged by wood's tendency to absorb moisture from the air. Markets could be affected by the use of spruce or pine in glulam production. This is because specific climatic conditions are required for pine and spruce to grow. Therefore, poor climatic conditions can hinder market access. Manufacturers are also required to comply with regulations set forth by various timber authorities in different areas.
To reduce the time it takes to erect a structure, glue laminated timber can also be used in residential construction. In 2016, the largest share of the global glue laminated lumber market was held by the residential segment. This is due to increasing residential construction applications like flooring & roofing systems, straight beams and arched beams.
The attractive aesthetic properties of glulam make them even more appealing for residential applications, where there is a high demand to design stylish homes. Market growth is also helped by the product's design flexibility. Glulam is fire resistant, making it a perfect choice for residential constructions. The fastest-growing segment of construction is likely to be residential.
The product can also be used for industrial and commercial purposes. The product's ability to span large distances, ease of use in constructions and its favorable performance in construction of many structures, such as offices, malls and schools, will increase the demand.
The product can also be used for industrial and commercial purposes. The product's ability to span large distances, ease of use in constructions and its favorable performance in the construction a variety structures like office buildings, malls and schools will increase the demand.
Italy and Germany accounted for approximately 60% of Europe's market revenue. This is due to wood's growing acceptance and increasing consumption. Austria is home to the world's largest supply of glue laminated timber due to its rich softwood spruce, pine and other resources.
In 2016, the North American demand for glulam was worth USD 360.1 million. Because the United States is a major market in the region and imports most of its glulam from Canada, it is a top-selling country. Glue laminated timber is less popular than other engineered wood products in North America. It is still used in framing, flooring, and roofing in many residential buildings throughout the region, despite its low acceptance.
This industry is expected to benefit from the rising demand for luxury and stylish apartments. It is expected that the industry will be fueled by the rising preference of manufacturers to move manufacturing facilities to Australia and China. Market growth is anticipated to be tremendous in Asia Pacific. Over the forecast period, market demand will be driven by a growing consumption of glue laminated lumber in Japan and other Asian nations.
Boise Cascade Co., Canfor Corporation, Pfeifer Holz GmbH, Calvert Company, Inc., Setra Group AB are key players in this market. Canfor purchased Wynndel Box & Lumber Ltd. in British Columbia in April 2016 to expand its operations, provide better service and products for its customers.
The technological advances in glue laminated timber are a focus of manufacturers. These developments will help them increase their market share, along with competitive pricing. To overcome the challenges of glue laminated timber use and to improve product quality, companies are investing heavily on research and development.
This report predicts revenue growth at the global, regional and country level. It also provides analysis of the most recent trends and opportunities in each sub-segment from 2014 through 2025. Up Market Research has divided the glue laminated timber market based on application and location.
Application Outlook (Volume: Million Cubic Meters; Revenue: USD Million; 2014-2025)
Residential
Commercial
Other
Regional Outlook (Volume: Million Cubic Meters; Revenue: USD Million; 2014-2025)
North America
U.S.
Canada
Mexico
Europe
Germany
Italy
France
Austria
Rest of Europe
Asia Pacific
Japan
China
Australia
Rest of Asia Pacific
South & Central America
The Middle East and Africa
Up Market Research published a new report titled “Glue Laminated Timber Market research report which is segmented by Application (Commercial, Residential), By Players/Companies Inc, Pfeifer Holz GmbH, so as to expand its operations and provide its customers with high quality products and improved service, Boise Cascade Co, Setra Group AB In April 2016, Canfor acquired Wynndel Box & Lumber Ltd, Calvert Company, Canfor Corporation, based in British Columbia”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Glue Laminated Timber Market Research Report |
By Application | Commercial, Residential |
By Companies | Inc, Pfeifer Holz GmbH, so as to expand its operations and provide its customers with high quality products and improved service, Boise Cascade Co, Setra Group AB In April 2016, Canfor acquired Wynndel Box & Lumber Ltd, Calvert Company, Canfor Corporation, based in British Columbia |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 215 |
Number of Tables & Figures | 151 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Commercial, Residential).
Glue Laminated Timber Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Glue Laminated Timber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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