Market Overview 

Glued and cross-laminated timber products are structural engineered wood items that are bonded together in layers using high-performance, moisture-resistant structural adhesives. The laminated wood products are used mainly in load-bearing building and bridge structures. The adhesives impart a stronger bond between layers of the timber, contributing to the durability of structures. 

Market Dynamics  

The growing demand for wood as a feasible building material in the global residential construction sector and rising consumer awareness about timber benefits and shift in consumer preference towards laminated timber products are the primary factors driving the market growth. The use of wood as laminated timber for construction of residential buildings and structures have increased in recent times, as builders understand the benefits associated with wooden construction. The replacement of traditional steel and concrete materials with laminated timber has been influenced by the durability and lightweight properties of wood, that easily translates to lower maintenance fees and cost-effective operations in the long run. The growing improvements in the structural stability of buildings have attracted top interest from residential contractors and homeowners, who are more open to purchasing of laminated timber products for use as construction material in houses. However, limitations in raw material availability and volatility in product pricing might hamper market growth. Although the demand for timber material is high, wood being a naturally available material is subject to growing conditions and cultivation processes that might limit the availability of raw materials throughout an extended period. The increasing adoption of sustainable green building materials for residential and commercial construction would provide lucrative opportunities for the market in the coming years. The consistent problems of depleting non-renewable resources and negative environmental impact of industrial waste generation and energy demands have shifted focus towards sustainable green alternatives, with glued and cross laminated timber at the forefront of the continued ecological evolution in the construction industry. 

Market Segmentation 

The global Glued and Cross Laminated Timbers market is mainly classified based on Type and Application. Type is segmented into Glued Laminated Timbers and Cross Laminated Timbers. By Application, the market is divided into Residential, Industrial, Commercial, Sports & Leisure, Agricultural, and Others.  

The Glued Laminated Timbers segment by Type holds a considerable share in terms of overall market volume and value owing to the excellent strength-to-weight ratio and the added flexibility of the structural shape. The excellent fire-resistant properties of the glued laminated timber would further propel the growth prospects of the segment over the forecast period. 

In terms of volume, the Residential Consumption by Application is poised to garner 73,900.6 K Sq. Foot by 2026; growing at a CAGR of 6.9% during 2020-2026. The increasing growth in construction of new residential buildings that are open to use innovative construction materials and generate less waste during its building process would likely bolster the segment growth in the coming years. 

Regional Analysis 

Based on geography, the global Glued and Cross Laminated Timbers market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America. At the same time, the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa. 

Europe is a leading region and accounts for a significant portion of market share in terms of overall production volume. The establishment of large-scale facilities and quick accessibility to raw materials are the primary factors that would improve the growth prospects of the regional market in the ensuing years. 

Competitive landscape 

The Glued and Cross Laminated Timbers market is highly fragmented, as several companies with global reach and regional expertise operate with expansive manufacturing capabilities and product distribution networks. 

Key players operating in the Glued and Cross Laminated Timbers industry include Boise Cascade, Calvert Co., Inc., Katerra, Structurlam Mass Timber Corporation, Sterling Company, Western Structures, DR Johnson Wood Innovations, StructureCraft Builders Inc., Pfeifer Holding GmbH, Canfor Corporation, Setra Group AB, Schilliger Holz AG, Nordic Karelian Group, Mayr-Melnhof Holz Holding AG, Binderholz GmbH, B&K Structures, KLH Massivholz GmbH, HASSLACHER Holding GmbH, Stora Enso Oyj, ZÜBLIN Timber GmbH, Lignotrend Produktions GmbH, Eugen Decker Holzindustrie KG, Meiken Kogyo Co., Ltd., Glulam Ltd, Buckland Timber Ltd., Simonin SAS, Rubner Gruppe, and XiHuan Wood Products Factory. 

The increase in annual product yield and output through facility extensions and diversification of business opportunities through the creation of strategic collaborations are the primarily followed business strategies of the top vendors seeking to account for significant market share over the forecast period.  

Covid-19 Impact Analysis 

The spread of the Covid-19 pandemic has stalled movement of goods & people and instilled stringent restrictions on a worldwide basis. The rules on international shipping & transportation have initiated an extended delay in procurement of primary raw materials, disrupting the supply chain dynamics for the Glued and Cross Laminated Timbers market. The restrictions have further limited the daily manufacturing activities of production factories, as the suppliers face significant hurdles in securing essential primary components. The limited workforce attendance in factories and wood processing units, in compliance with federal regulations of social distancing, has hindered the operational excellence of major manufacturers. The laminated timber demand for quick erection of exclusive Covid clinics and quarantine centres would, however, present new avenues of product application and business expansion opportunities to the crucial manufacturers. 

Glued and Cross Laminated Timbers Market Key Segments: 

By Type 

• Glued Laminated Timbers 
• Cross Laminated Timbers 

By Application 

• Residential 
• Industrial 
• Commercial 
• Sports & Leisure 
• Agricultural 
• Others 

Key Global Glued and Cross Laminated Timbers Industry Players 

• Boise Cascade 
• Calvert Co., Inc. 
• Katerra 
• Structurlam Mass Timber Corporation 
• Sterling Company 
• Western Structures 
• DR Johnson Wood Innovations 
• StructureCraft Builders Inc. 
• Pfeifer Holding GmbH 
• Canfor Corporation 
• Setra Group AB 
• Schilliger Holz AG 
• Nordic Karelian Group 
• Mayr-Melnhof Holz Holding AG 
• Binderholz GmbH 
• B&K Structures 
• KLH Massivholz GmbH 
• HASSLACHER Holding GmbH 
• Stora Enso Oyj 
• ZÜBLIN Timber GmbH 
• Lignotrend Produktions GmbH 
• Eugen Decker Holzindustrie KG 
• Meiken Kogyo Co., Ltd. 
• Glulam Ltd 
• Buckland Timber Ltd. 
• Simonin SAS 
• Rubner Gruppe 
• XiHuan Wood Products Factory 

What Report Provides 

• Full in-depth analysis of the parent Industry 
• Important changes in market and its dynamics 
• Segmentation details of the market 
• Former, on-going, and projected market analysis in terms of volume and value 
• Assessment of niche industry developments 
• Market share analysis 
• Key strategies of major players 
• Emerging segments and regional growth potential