According to Cognitive Market Research, the global Laminated Veneer Lumber market size was USD 5621.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2248.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1686.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1292.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 281.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 112.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
The Laminated Strand Lumbar category is the fastest growing segment of the Laminated Veneer Lumber industry
