Market Research Insights

San Francisco, 30 June 2023:  The Report   Cross Laminated Timber Market  Size, Share & Trends Analysis Report By Product (Adhesive Bonded CLT, Mechanically Fastened CLT), By Application (Residential, Institutional), By Region, And Segment Forecasts, 2023 - 2030 The global cross laminated timber market size is expected to reach USD 3.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.9% from 2023 to 2030.  This growth can be attributed to the growing adoption of cross laminated timber, as solid wood construction of cross laminated timber has a high strength-to-weight ratio, making it superior for usage in structural flooring systems as it can withstand both, compressive and tensile stress and has an extremely high static load-carrying capability. Cross laminated timber market has been continuously witnessing expansion across the world. It is characterized by partnerships among major players to ensure their pro

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