Global Glue Laminated Timber Market accounted for US$ 3.27 billion in 2020 and is estimated to be US$ 5.46 billion by 2030 and is anticipated to register a CAGR of 5.30%. Due to the growth of wood as a low-cost and sustainable alternative to steel and concrete, demand for glue laminated lumber has skyrocketed recently. Due to its greater strength, ease of construction, and maintenance, glue laminated timber is expected to rise in popularity during the next eight years. The market is expected to profit from growing product popularity and knowledge of its benefits in places such as North America and Asia Pacific. Framing, floor and roof beams, columns, door headers, trusses, and many other applications can all benefit from glue laminated timber. The product's application base in construction is expected to expand across a variety of sectors, including residential, commercial, and industrial.
The report " Global Glue Laminated Timber Market, By Application (Residential, Commercial, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
Key Highlights:
- In 2021, As the demand for mass lumber grows, branding is becoming more prominent. TimberQuest, an innovative prefabricated school building product for the California educational market, was recently released by three Bay Area AEC firms: XL Construction of Milpitas, Aedis Architects of San Jose, and Daedalus Structural Engineering of Saratoga.
Analyst View:
Glue laminated timber is a cutting-edge building material. It's made by glueing together pieces of wood with moisture-resistant adhesives to make greater lengths. Special grade lumber is needed to make glue laminated timber, and it is obtained directly from lumber mills. Glue laminated timber, often known as 'glulam,' is a versatile material that may be used for everything from straight beams to intricate curve components. It comes in a variety of sizes and colours. It is well-known for its attractive appearance and durability. Good load carrying capacity with low density, ease of work with simple tools, high thermal insulation features, quick construction, and availability of vast span lengths are all advantages of glue laminated timber. The following is a list of the steps involved in making glue laminated wood: woodworking, drying, sawing, lining, glueing, vertical sawing, and inspection.
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Key Market Insights from the report:
Global Glue Laminated Timber Market accounted for US$ 3.27 billion in 2020 and is estimated to be US$ 5.46 billion by 2030 and is anticipated to register a CAGR of 5.30%. The Global Glue Laminated Timber Market is segmented based on application, and region.
- Based on Application, Global Glue Laminated Timber Market is segmented into Residential, Commercial, Others.
- By Region, the Global Glue Laminated Timber Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Glue Laminated Timber Market:
Key players in the global glue laminated timber market include, Boise Cascade Co., Pfeifer Holz GmbH, Setra Group AB, Canfor Corporation, Calvert Company Inc., Binderholz GmbH., Mayr-Melnhof Holz Holding AG, Schilliger Holz AG, Structurlam, and Hasslacher Holding GmbH.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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