The
global glue laminated timber or glulam market is
anticipated to reach USD 8.0 billion by 2025, according to a new report by
Grand View Research, Inc. The global sustainability concerns along with the
persistent energy crisis are among the major factors that are expected to
propel market growth over the years to come. The transition from concrete- and
steel-based construction to wood building materials is set to actuate demand
from the market over the next eight years.
Significant
attributes such as high insulation, promising thermal performance, as well as
high chemical resistance, are projected to influence the market positively. In
addition, the advantages such as low cost and ease of construction offered by
glulam relative to other building materials have made it affordable for all
consumer segments.
The
demand for wood-based residential buildings, including single-family homes and
multifamily apartments, is increasing due to their aesthetic appeal and design
flexibility. Various benefits, such as improved fire resistance and durability,
of the product are expected to augment market growth over the forecast period.
Residential
and commercial segments are expected to collectively account for around 80% of
the global market revenue by 2025. The growing demand from these segments is
attributed to the low cost of construction and easy maintenance of glue
laminated timber. Innovations in building and design technologies are projected
to boost the demand for glulam products over the forecast period.
Asia
Pacific is likely to emerge as the leading region owing to the growing
popularity of glue laminate as a building material, along with various
government regulations. Growing number of manufacturers of the product in North
America and growing research & development for technological advancements
are expected to propel the market. Easy availability of timber in forests of
Central European countries and the presence of advanced timber processing
industries are the prime factors responsible for market growth in Europe.
Countries like Canada, the U.S., Italy, Japan, Australia, and China are rapidly
developing markets for glue laminated timber.
Browse full
research report on Glue Laminated Timber market : www.grandviewresearch.com/industry-analysis/glue-laminated-timber-market
Further key
findings from the report suggest:
- The
market is likely to register a CAGR of 5.9% in terms of value from 2017 to
2025 on account of growing concerns regarding environmental degradation as
well as increasing awareness among consumers. The residential segment is
expected to exhibit the highest CAGR from 2017 to 2025 owing to the
expanding application scope in the sector for glulam due to its aesthetic
appeal.
- Europe
was valued at USD 2.13 billion in 2016 and is expected to witness
significant consumption in the future, aided by the presence of Italy and
Germany as major markets for glulam
- Key
market players include Boise Cascade Co.; Calvert Company, Inc.; Pfeifer
Holz GmbH; Setra Group AB; Canfor Corporation; Schilliger Holz AG.;
Structurlam; Mayr-Melnhof Holz Holding AG; Binderholz GmbH; B & K
Structures; Eugen Decker Holzindustrie KG; and Meiken Lamwood Corp. The
companies mainly focus on extensive innovation and increasing their
production capacities to meet the global demand.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/green-building-materials
Grand View Research has segmented the glue laminated timber market on the
basis of application and region:
Application
Outlook (Volume, Million Cubic Meters; Revenue, USD Million; 2014 - 2025)
- Residential
- Commercial
- Others
Regional
Outlook (Volume, Million Cubic Meters Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- Austria
- Rest of
Europe
- Asia
Pacific
- Japan
- China
- Australia
- Rest of
Asia Pacific
- South
& Central America
- The
Middle East and Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-glue-laminated-timber-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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