“Cross-laminated Timber Market – Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2017 – 2025 ” is the latest addition to MarketResearchReports.Biz industry research reports collection.
The main objective of this report is to define, describe, and forecast the global “Cross-laminated Timber” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Cross laminated timber is also known as CLT, Cross-Lam, X-Lam, BSP, or KLH. It is a solid, plane product made from timber, which is used for load-bearing purposes. It functions as a panel or plate element in construction. CLT comprise nearly three layers of sawn timber that are glued parallel to one another. Presently, CLT is manufactured primarily from softwood. However, individual layers can be replaced with other timber-derived products such as plaster materials or laminated veneer.
CLT is an engineered wood building system, designed to complement light- and heavy-timber framing options. CLT possess high strength and dimensional stability, which enables it to be used as an alternative to concrete, masonry, and steel in several building types. Depending upon requirement, the CLT can be made available in different lengths and widths. The size of CLT board depends upon its mode or place of usage during construction. CLT is commonly sourced from softwood such as spruce and white fir. Use of CLT in construction offers many advantages as compared to conventional construction materials. It is environmentally-friendly, lighter than bricks or concrete, and possesses good insulating properties. Set-up time for CLT is shorter than other construction materials and is easy to assemble.
Cross laminated timber offers structural simplicity needed for cost-effective buildings, as well as benefits such as fast installation, reduced waste, improved thermal performance, and design versatility. It can be utilized in a wide range of applications, including mid-rise, urban infill, industrial, educational, and civic structures. CLT panels are employed in formation of floor and wall panels. These panels are available with varying thickness with respect to application requirements such as fire performance, span, or loading conditions. Sometimes, panels with high quality surface finishing are employed in areas that are exposed, whereas panels with lower quality are used in areas that can be hidden. Layers in a CLT panel are made of kiln-dried lumber boards that are stacked together in alternating directions. These boards are attached to each other with structural adhesives and pressured to form a solid, rectangular panel. CLT panels consist of odd number of layers (primarily three to seven,) and are sanded or prefinished before shipping. Finished CLT panels are stiff, strong, and stable, and able to handle load transfer on all sides.
CLT is not used everywhere across all regions. It has been utilized in Europe for the last 20 years. Hardwood CLT panels were employed to build the world’s first timber mega-tube structure, at the Chelsea College of Arts in London in September 2016. The utilization of CLT has been increasing in North America, while it is slowly gaining popularity in Asia Pacific. In Australia, a nine-story all-timber office building is due to be completed in Brisbane in late 2018. There are various specifications and standards according to which CLT needs to be complacent. In Europe, dried timber with a wood humidity of 12% (+/- 2%) is employed for producing KLH timber boards, which is in accordance with the European Technical Assessment. In North America, APA established ANSI/APA PRG 320 standard, which is recognized in both the U.S. and Canada. This standard recognizes CLT as code-compliant construction material.
Key players operating in the cross-laminated timber market include D.R. Johnson, HESS TIMBER GmbH & Co. KG, Binderholz GmbH, Stora Enso, Structurlam Products LP, KLH Massivholz GmbH, and B&K Structures.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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