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Global Glue-Laminated Timber Market Size Study, by Product Type, by Glue Type, by Lamination Configuration, by Application, and Regional Forecasts 2024-2032

Global Glue-Laminated Timber Market Size Study, by Product Type, by...

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Global Glue-Laminated Timber Market Size Study, by Product Type, by Glue Type, by Lamination Configuration, by Application, and Regional Forecasts 2024-2032
Global Glue-Laminated Timber Market Size...
Report Code
RO3/103/2531

Publish Date
06/Nov/2024

Pages
200
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Global glue-laminated timber (glulam) market was valued at USD 3.96 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2032. Glue-laminated timber, commonly referred to as glulam, is an advanced engineered wood product, widely used in modern construction and architectural applications. It is made by bonding multiple layers of timber with high-strength adhesives, creating a material that offers superior structural capabilities. One of its main advantages is its eco-friendly nature, as it is made from sustainably sourced timber, which helps reduce the carbon footprint of construction projects.

The increasing emphasis on green construction and sustainable building practices has been a significant driver for the glue-laminated timber market. The material's resistance to warping, cracking, and environmental degradation makes it ideal for long-span applications, such as beams, columns, and arches, in residential, commercial, and industrial settings. Moreover, the growing demand for energy-efficient buildings, coupled with urbanization trends, has fueled the need for cost-effective, easy-to-install construction materials like glulam. Additionally, stringent building codes and regulations promoting fire and earthquake-resistant materials have further boosted the adoption of glulam across various construction projects.

Moreover, glulam's structural flexibility allows it to be customized in various shapes and sizes, making it a favorite among architects and builders who aim to create unique and cost-effective designs. With its superior strength-to-weight ratio compared to traditional materials like steel and concrete, glue-laminated timber plays a crucial role in ensuring durability, especially in regions prone to natural disasters.

Europe has emerged as a key region driving market growth, thanks to its strong commitment to sustainability and the implementation of eco-conscious regulations. The region's focus on green construction, supported by robust forestry practices, has significantly contributed to the widespread adoption of glue-laminated timber. Meanwhile, Asia Pacific, especially in rapidly urbanizing countries like China and India, is expected to experience the fastest growth due to the expanding construction industry and rising demand for affordable housing solutions.

Major market players included in this report are:
Stora Enso Oyj (Finland)
Binderholz GmbH (Austria)
Mayr-Melnhof Holz Holding AG (Austria)
Boise Cascade Company (United States)
Structurlam Mass Timber Corporation (Canada)
D.R. Johnson Wood Innovations (United States)
Meiken Lamwood Corp. (Japan)
Pfeifer Group (Austria)
Canfor Corporation (Canada)
B&K Structures (UK)
Nordic Structures (Canada)
Hasslacher Norica Timber (Austria)
Metsa Wood (Finland)
KLH Massivholz GmbH (Austria)
HESS Timber GmbH (Germany)
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Straight Beams
Curved Beams
Arch Beams
Columns
Trusses
Others
By Glue Type:
Phenol Formaldehyde (PF)
Melamine Urea Formaldehyde (MUF)
Polyurethane (PUR)
Epoxy
Others
By Lamination Configuration:
Horizontal Lamination
Vertical Lamination
Diagonal Lamination
By Application:
Residential Construction
Commercial Construction
Industrial Construction
Bridges and Infrastructure
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

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