Cross Laminated Timber Market Registering At USD 2.07 Billion By 2025 : Grand View Research Inc.
San Francisco, 17 October 2019: The Report Cross Laminated Timber Market Analysis, By Type (Adhesive Bonded and Mechanically Fastened), By Region (North America, Europe, Asia Pacific, South & Central America, MEA), And Segment Forecasts 2018 – 2025 The global cross laminated timber market is expected to be valued at USD 2.07 billion by 2025, according to a new report by Grand View Research, Inc. Rising awareness about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with rising number of cross laminated timber manufacturers and increasing demand for green homes are factors propelling the market growth. The shift from concrete-based construction to wood-based construction along with supportive government initiatives around the world are positively influencing the market. In addition, decreasing overall cost of CLT construction owing to the increasing number of suppliers and shorter construction time is responsible for