Laminated Timber Market Projected to Reach $3.5 Billion by 2031 | In-Depth Analysis with Top Key Players 

According to a new report published by Allied Market Research, titled, “Laminated Timber Market,” The laminate timber market was valued at $1.6 billion in 2021, and is estimated to reach $3.5 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031. 

Laminated timber is a versatile building material that can be used in a wide variety of applications due to its strength, durability, and aesthetic appeal. It is frequently used for roof constructions, providing a sturdy and long-lasting support system for the weight of the roof. Glulam is commonly utilized in commercial structures such as offices, shopping malls, and sports facilities. It can be utilized for columns, beams, and other structural elements, as well as aesthetic elements. Laminated timber is frequently utilized in the construction of sports facilities such as arenas and stadiums, providing a solid and long-lasting support system for the structure’s weight. 

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The global laminated timber market is expected to witness high growth potential in coming years due to its extensive use in residential and non-residential. Growing demand from the construction industry boost the market growth during the forecast period. However, High cost associated with cross-laminated timber is expected to hinder the expansion of the market. Nevertheless, the rise in adoption of environment-friendly building materials is expected to offer ample growth opportunities for the laminated timber market. 

Furthermore, laminated timber is utilized in the construction of agricultural structures such as barns and stables, as it is a long-lasting and moisture-resistant building material. 

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Laminated timber can be used to construct shelters for livestock such as cows, horses, and pigs. It is a natural material that provides a comfortable and safe environment for the animals. Laminated timber can be used to construct the structural elements of greenhouses, providing a strong and durable support system for the weight of the structure. It is a natural material that can provide a healthy environment for growing plants. 

The growth of the global laminated timber market is majorly attributable to its wide applications in various industries such as residential and non-residential. Moreover, surge in demand from the construction industry is anticipated to drive the market growth during the forecast period. However, high cost associated with cross-laminated timber is projected to hinder the expansion of the market. On the contrary, rise in adoption of environment-friendly building materials is expected to offer ample growth opportunities for the laminated timber mark 

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Key findings of the study: 

  • By type, the glue laminated timber (Gulam) segment was dominated the market in 2021. 
  • By end-use industry, the non-residential segment was the highest revenue contributor to the market in 2021. 
  • By region, Europe was the highest revenue contributed in 2021, and is estimated to register a CAGR of 8.2%. 

The major players operating in the Laminated Timber market: 

  • Binderholz GmbH 
  • DRJ Wood Innovations 
  • Eugen Decker & WebMan 
  • HASSLACHER Holding GmbH 
  • KLH Massivholz GmbH 
  • Mayr-Melnhof Holz Holding AG 
  • NORDIC STRUCTURES 
  • SmartLam 
  • Stora Enso 
  • Structurlam Mass Timber Corporation 

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.  

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.  

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