According to IMARC Group’s latest report, titled “Glue-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 4.0 Billion in 2021. Looking forward, IMARC Group expects the global glue-laminated timber market to reach US$ 4.8 Billion by 2027, exhibiting a CAGR of 3% during 2022-2027.

Glue-laminated timber is a structural lumber product which is used for both residential and commercial projects. It is made by bonding thin layers of timber together with superior wood adhesives. The laminating process eliminates the natural variations in the performance of solid timber, thereby resulting in consistent performance. Owing to this, glue-laminated timber has rapidly gained prominence as a green building solution in the recent years.

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Global Glue-Laminated Timber Market Drivers/Constraints:

• The growing preference for wood-based construction materials due to their advantages including high thermal performance, chemical resistance, durability, light weight, etc. are expected to influence the growth of the global glue-laminated timber market.
• The governing authorities across various nations are encouraging the use of wood-based products due to growing sustainability concerns. This, in turn, is catalysing the demand for glue-laminated timber.
• As glue-laminated timber offers design flexibility, cost-effectiveness and ease of construction, it is extensively being used in applications ranging from flat, large roof systems to complex arches. This is anticipated to propel the growth of the market across the globe.
• Poor acoustic performance, high maintenance costs, rise in the price of raw materials and transportation costs are some of the factors that can hamper the demand for glue-laminated timber.

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Competitive Landscape:

The report has also analysed the market on the basis of competitive landscape and has provided the details of the key players. Some of the major players are

• Structural Wood Systems
• Mayr-Melnhof Holz Gaishorn Gmbh
• Ecocurves
• Fforest Timber Engineering Ltd.
• Boise Cascade

Market Segmentation:

Breakup by End Use:

• Floor Beams
• Window and Door Header
• Trusses and Supporting Columns
• Roof Beams
• Others

Breakup by Application:

• New Construction
• Replacement

Regional Insights:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East and Africa

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Key highlights of the report:                                                     

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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