Cross Laminated Timber Market Report 2025 (Global Edition)

Global Cross Laminated Timber Market Report 2025 Market Size Split by Type (Custom CLT, Blank CLT), by Application (Residential, Educational Institutes, Government/Public Buildings, Commercial Spaces)...

Cross Laminated Timber Market Report Description

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Competitive Landscape: Cross Laminated Timber market

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Cross Laminated Timber market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Cross Laminated Timber industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the Cross Laminated Timber industry to benefit clients and expand the Cross Laminated Timber market sector is to manufacture locally to reduce operating costs. In recent years, Cross Laminated Timber has provided medicine with some of the most significant benefits.

Additionally, a significant emphasis is placed on research and development to improve the performance characteristics of CLT, such as fire resistance, structural integrity, and environmental sustainability. Efforts are also being made to navigate and influence regulatory environments, advocating for more CLT-friendly building codes and standards. Through these initiatives, key market players are driving innovation within the industry and fostering wider adoption of CLT in global construction markets. 

The major players include Binderholz GmbH, PFEIFER GROUP, Stora Enso, Mayr-Melnhof Holz Holding AG, HASSLACHER Holding GmbH, Structurlam Mass Timber Corporation, Eugen Decker Holzindustrie KG, Nordic Structures, Sterling Lumber Company, Ed. Züblin AG, and W. u. J. Derix GmbH & Co., among others.

Recent Market Developments:

• In October 2022, Stora Enso inaugurated its new production site in Czechia, Europe, which produces cross-laminated timber (CLT) with an estimated annual production capacity of 120,000 m³. The company has strengthened its presence in the competitive market through expansion.

(Source: https://www.storaenso.com/en/newsroom/press-releases/2022/10/stora-enso-inaugurates-world-class-production-site-for-cross-laminated-timber)

• On February 2023, Hines, a global developer, has signaled its sustainability aspirations with its flagship T3 Collingwood building. The tower, designed by Jackson Clements Burrows, will be constructed entirely of Cross Laminated Timber (CLT) and Glue Laminated Timber (GLT). It is estimated that the use of both timber products will cut building emissions by 34% when compared to concrete and steel. The materials for construction will be supplied by XLam Australia and Australian Sustainable Hardwood. T3 is a 15-story building on Melbourne's Wellington Street with 18,200 square feet of A-grade commercial floorspace. 

(Source; https://www.hines.com/news/new-collingwood-timber-office-building-to-reduce-carbon-emissions-by-34-percent-compared-to-standard-concrete-and-steel-construction)

Top Companies Market Share in Cross Laminated Timber Industry: (In no particular order of Rank)

• Stora Enso (Finland)
• Mayr Melnhof Holz Holding AG (Austria)
• Binderholz GmbH (Austria)
• Xlam Ltd. (Australia & New Zealand)
• Sterling Company (USA)
• Schilliger Holz AG (Switzerland)
• KLH Massivholz GmbH (Austria)
• B&K Structures (U.K.)
• Eugen Decker Holzindustrie KG (Germany)
• Structurlam Mass Timber Corporation (Canada)
• Smartlam NA (U.S.)
• Freres Lumber Co. Inc. (U.S.)
• Katerra (U.S. & India)
• IB EWP Inc. (Canada)
• Nordic Structures (Canada)
• StructureCraft Builders Inc. (Canada)
• DRJ Wood Innovations (U.S.)
• PFS Corporation (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Which Region will dominate the Market in 2024, and Which Region is Expanding at the Fastest CAGR?

The European region has dominated the Cross Laminated Timber Market. In terms of value, Europe held XX% share of the global Cross Laminated Timber market. Europe currently dominates the market and is expected to continue its dominance over the market during the forecast period. Europe is the largest and most developed market driven by a strong tradition of wood construction and progressive environmental policies. Countries such as Austria, Germany, and Switzerland have been pioneers in CLT production and usage, supported by favorable government policies and a high degree of awareness about sustainable construction practices. The European market is characterized by a wide range of applications in both residential and commercial construction, and the region's stringent building regulations have further encouraged the use of eco-friendly materials. The presence of numerous leading CLT manufacturers in Europe also contributes to its dominant market position, making it a hub for innovation and development in the field of timber construction. 

The North American Cross Laminated Timber Market is anticipated to grow at the fastest CAGR from 2023 to 2032. North America is expected to expand at the highest CAGR North America’s counter. North American Cross Laminated Timber market accounts for the second-largest market share due to Mechanically fastened CLT manufacturing is more complicated than adhesive bonded CLT production owing to the necessity for highly experienced workers to operate the fastening machinery. The risk of raw material waste is also high as poor screw application at one point can cause issues throughout the assembly. Regardless of the difficulties, the market for mechanically fastened CLT is likely to rise due to environmental concerns about the use of adhesives made from petrochemicals and other hazardous components. Further, the US Cross Laminated Timber market held the largest market share, the Pacific Northwest, Northeast, and Southeastern US, which have consistently been prominent in the production of wood products, are expected to have an increasing number of cross-laminated timber manufacturers, with certain companies planning on capacity additions. and the Canada Cross Laminated Timber market was the fastest-growing market in the North American region

The current report Scope analyzes Cross Laminated Timber Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Cross Laminated Timber Market Analysis

How is the Types Segment Performing in the Cross Laminated Timber Market?

Based on Type, the Custom CLT segment dominates the global Cross Laminated Timber market in the year 2023. Based on this type, the market is divided into custom CLT and blank CLT.

The custom segment holds the largest share of the market, primarily due to its tailored solutions catering to specific project requirements. This segment offers CLT panels that are pre-cut and fabricated to fit precise design specifications, significantly reducing on-site labor and waste. The customization enables architects and builders to explore innovative and complex architectural designs, making it highly suitable for projects with unique structural or aesthetic needs. Along with this, the precision and efficiency offered by custom CLT are particularly valuable in intricate construction projects, such as uniquely designed residential buildings, commercial spaces with specific branding requirements, or public buildings with distinct architectural features.

On the contrary, the blank segment, though smaller compared to custom CLT, caters to a significant market that requires versatility and flexibility in construction. Blank CLT panels are standard, undecorated panels that offer builders and designers the opportunity to cut and shape the material on-site according to their specific project needs. This segment appeals to projects where design flexibility and on-site customization are prioritized. It is particularly popular in smaller construction projects or in cases where final design decisions are made during the construction phase. While blank CLT requires more on-site labor compared to custom CLT, it offers the advantage of adaptability, making it a suitable choice for a range of construction applications where immediate custom solutions are not necessary or cost-effective.

• Custom CLT
• Blank CLT

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cross Laminated Timber Industry. Request a Free Sample PDF!

Which application segment holds the largest revenue share of the Cross Laminated Timber Market?

Based on Application,  the Residential segment dominated the global Cross Laminated Timber market. Based on Application, the global Cross Laminated Timber market is segmented into residential, educational institutes, government/public buildings, and commercial spaces.

The residential sector represents the largest segment of the market. This dominance is primarily due to the increasing demand for eco-friendly and sustainable living spaces. Homeowners and residential developers are progressively adopting CLT for its aesthetic appeal, structural integrity, and environmental benefits. The material's versatility in design and superior insulation properties also make it a preferred choice in residential construction. As awareness of sustainable living grows and more people seek energy-efficient homes, the demand for CLT in the residential sector is escalating, further bolstered by supportive housing policies and green building incentives.

On the contrary, the use of CLT in educational institutes is gaining momentum, driven by the sector's growing focus on creating sustainable and healthy learning environments. CLT's natural aesthetic, coupled with its acoustic and thermal performance, makes it an ideal material for educational buildings. These institutions often aim to reflect environmental stewardship in their infrastructure, aligning with CLT's sustainable profile. The material's prefabrication capabilities allow for quicker construction times, minimizing disruptions to academic schedules.

• Residential
• Educational Institutes
• Government/Public Buildings
• Commercial Spaces

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cross Laminated Timber Element Type Segment Analysis

Based on Element Type, the Wall panels segment dominates the global Cross Laminated Timber market in the year 2023. Based on element type, the market is divided into wall panels, flooring panels, roofing slabs, and others.

The wall panels segment dominates the market, primarily due to their extensive use in both load-bearing and non-load-bearing applications. Wall panels manufactured from CLT offer exceptional strength and stability, making them ideal for constructing the exterior and interior walls of buildings. Their high degree of thermal insulation and soundproofing qualities add to their appeal in residential and commercial construction. Additionally, the popularity of CLT wall panels is also attributed to their aesthetic versatility, allowing for a range of finishes and designs.

On the other hand, flooring panels manufactured by CLT represent a significant segment of the market. These panels are prized for their strength and rigidity, making them suitable for high-load bearing applications in both residential and commercial buildings. The uniformity and dimensional stability of CLT flooring panels offers an advantageous alternative to traditional flooring materials, providing ease of installation and long-term durability. In addition, the aesthetic appeal of wood and its natural warmth make CLT flooring panels a popular choice, especially in designs that emphasize eco-friendly and natural interiors.

• Wall Panels
• Flooring Panels
• Roofing Slabs
• Others

Cross Laminated Timber Raw material Segment Analysis

Based on Raw materials, the Spruce segment dominates the global Cross Laminated Timber market in the year 2023. Based on Raw materials, the market is divided into spruce, pine, fir, and others.

Spruce is the predominant raw material in the market, chiefly due to its favorable characteristics for CLT production. Spruce wood offers an optimal balance of strength, weight, and workability, making it highly suitable for a wide range of CLT applications. Its relatively straight grain and uniform texture contribute to the structural integrity and aesthetic appeal of CLT panels. Additionally, the preference for spruce in CLT production is also influenced by its good performance in terms of insulation properties and resistance to shrinkage and swelling. As a result, the spruce segment continues to dominate the CLT market, aligning with the demand for high-quality and versatile building materials.

On the contrary, pine is another significant raw material used in the production of CLT, valued for its availability and mechanical properties. While slightly less prevalent than spruce in the CLT market, pine offers a robust and cost-effective alternative for CLT manufacturing. It is characterized by its strong, resilient nature and relatively uniform grain, which is beneficial for structural applications. Pine's widespread growth and cultivation, especially in North America and parts of Europe, ensure its accessibility for CLT production.

• Spruce
• Pine
• Fir
• Others

Cross Laminated Timber Bonding Method Segment Analysis

Based on the Bonding Method, the Adhesively bonded method segment dominates the global Cross Laminated Timber market in the year 2023. Based on the Bonding Method, the market is divided into adhesively bonded and mechanically fastened

The adhesively bonded method dominates the market, primarily due to its superior structural integrity and aesthetic quality. In this method, layers of lumber are bonded together using adhesives, resulting in a composite material that exhibits enhanced strength and stability. This bonding technique allows for larger and more diverse panel sizes, catering to a wide range of architectural designs. Adhesively bonded CLT is preferred for its seamless finish, which is aesthetically pleasing and does not require additional covering or finishing in many applications. The method also ensures airtight and watertight panels, crucial for energy-efficient construction. The dominance of this segment is attributed to its widespread acceptance in the construction industry, driven by the demand for high-quality, durable, and visually appealing building materials.

On the other hand, the mechanically fastened method in CLT manufacturing, though smaller in market share compared to adhesively bonded CLT, serves specific construction needs where this technique is advantageous. In this method, layers of lumber are fastened together using mechanical fixings like screws, dowels, or nails, rather than adhesives. This method is sometimes preferred in situations where the use of adhesives might be problematic due to environmental concerns or where the end-users require ease of disassembly and reusability. Mechanically fastened CLT panels are also considered in projects where reduced chemical usage is a priority.

• Adhesively Bonded
• Mechanically Fastened

Cross Laminated Timber Panel Layers Segment Analysis

Based on the Panel Layers, the 3-ply panel segment dominates the global Cross Laminated Timber market in the year 2023. Based on the Panel Layers, the market is divided into 3-ply, 5-ply, 7-ply, and others.

The 3-ply panel is the most popular segment in the market, largely due to its versatility and cost-effectiveness. These panels consist of three layers of lumber, each oriented perpendicular to the adjacent layer, providing a balance of strength and stability suitable for a wide range of applications, especially in residential and light commercial construction. The 3-ply structure is typically sufficient for many load-bearing walls and floors, offering a lighter and more economical option compared to thicker panels. Its relative ease of production and installation, combined with adequate structural performance, makes it a preferred choice for builders and architects, particularly in projects where complex structural demands are not a primary concern.

On the contrary, the 5-ply CLT panel represents a key segment in the market, offering enhanced strength and stiffness compared to 3-ply panels. These panels are composed of five layers of lumber, making them more suitable for applications requiring greater load-bearing capacity, such as in commercial buildings or more demanding residential structures. The additional layers provide better acoustic and thermal insulation properties, which is particularly beneficial in multi-story and larger-scale projects.

• 3-Ply
• 5-Ply
• 7-Ply
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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Author's Conclusion