Global Glue Laminated Timber Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Glue Laminated Timber Market: Overview
“The global Glue Laminated Timber market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Glue-laminated timber or glulam is a type of engineered wood that acts as a substitute for hardwood and concrete. Glulam is made of several individual pieces of timber together with structural adhesives.
It is available in a wide range of styles ranging from traditional to specialty designs with different features and advancements in the quality that has increased demand for glue-laminated timber for beams and columns in residential and commercial applications.
According to APA – The Engineered Wood Association– Glulam is stronger than steel at comparable weights, and it is stronger and stiffer than dimension lumber.
Glue Laminated Timber Market: Dynamics
Increasing acceptance of glue-laminated timber due to its unique properties such as high insulation, promising thermal performance as well as high chemical resistance, are some of the major factors expected to propel the growth of the target market over the forecast period.
In addition, the low-cost nature and ease of construction offered by glulam in developed as well as developing economies, are some of the other factors anticipated to propel the demand for glulam and drive the growth of the target market.
Moreover, increasing demand for wood-based residential buildings owing to aesthetic appeal and design flexibility is expected to augment market growth subsequently over the forecast period.
Glue Laminated Timber Market: Segment Analysis
The global glue laminated timber market is segmented on the basis of application, end-use, and geography.
By application, the global market is segmented into residential and non-residential. The non-residential segment is expected to grow at a significant rate in the global market during the forecast period.
By end-use, the global market is segmented into floor beam, window and door header, and roof beam. The window and door header segment is expected to hold a significant share in the target market over the forecast period.
Glue Laminated Timber Market: Regional Analysis
The Europe glue-laminated timber market is anticipated to contribute a significant share in the global market over the forecast period owing to the easy availability of timber and the presence of an advanced timber processing industry in the region.
The Asia Pacific glue-laminated timber market is expected to grow at a significant rate over the forecast period.
The inclining popularity of glue laminate as a building material, along with favorable government initiatives for private housing and commercial buildings, is projected to fuel the growth of the target market in the region.
Moreover, factors such as rapid industrialization, increasing disposable income, and rising knowledge among consumers about wood as building materials, have enforced to use of glue-laminated timber in construction projects.
In addition, a preference for quality products at low prices as compared to other construction materials such as concrete, steel, or aluminum is also expected to boost the growth of the target market. The market in Middle East & Africa is expected to grow at a moderate rate over the forecast period.
Global Glue Laminated Timber Market Segmentation:
Segmentation by Application:
Segmentation by End-use:
- Floor Beam
- Window and Door Header
- Roof Beam
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Mayr-Melnhof Holz Gaishorn GmbH
- Boise Cascade
- Structural Wood Systems
- Forest Timber Engineering Ltd.
- Pfeifer Holz GmbH
- Canfor Corporation
- Setra Group AB
- Meiken Lamwood Corp.
- B & K Structures
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