Table of Content

1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.2.1 MARKET EXCLUSIONS 30
1.2.2 MARKET INCLUSIONS 30
1.3 MARKET SCOPE 30
FIGURE 1 CROSS-LAMINATED TIMBER MARKET SEGMENTATION 30
1.3.1 REGIONS COVERED 31
1.3.2 YEARS CONSIDERED 31
1.4 CURRENCY CONSIDERED 32
1.5 UNIT CONSIDERED 32
1.6 STAKEHOLDERS 32
1.7 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 34
2.1 RESEARCH DATA 34
FIGURE 2 CROSS-LAMINATED TIMBER MARKET: RESEARCH DESIGN 34
2.1.1 SECONDARY DATA 35
2.1.1.1 Key data from secondary sources 35
2.1.2 PRIMARY DATA 36
2.1.2.1 Key data from primary sources 36
2.1.2.2 Breakdown of primary interviews 36
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS 36
2.1.2.3 Primary data sources 37
2.1.2.4 Key industry insights 37
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 37
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 38
2.2.2 TOP-DOWN APPROACH 38
FIGURE 5 CROSS-LAMINATED TIMBER MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 39
FIGURE 6 MARKET SIZE ESTIMATION: CROSS-LAMINATED TIMBER MARKET 39
FIGURE 7 CROSS-LAMINATED TIMBER MARKET SIZE ESTIMATION, BY REGION 39
FIGURE 8 CROSS-LAMINATED TIMBER MARKET, BY TYPE 40
2.2.3 SUPPLY-SIDE FORECAST 40
FIGURE 9 CROSS-LAMINATED TIMBER MARKET: SUPPLY-SIDE FORECAST 40
FIGURE 10 METHODOLOGY FOR SUPPLY-SIDE SIZING OF CROSS-LAMINATED TIMBER MARKET 40
2.2.4 FACTOR ANALYSIS 41
FIGURE 11 FACTOR ANALYSIS OF CROSS-LAMINATED TIMBER MARKET 41
2.3 DATA TRIANGULATION 41
FIGURE 12 CROSS-LAMINATED TIMBER MARKET: DATA TRIANGULATION 42
2.4 ASSUMPTIONS 42
2.5 RESEARCH LIMITATIONS 43
2.6 GROWTH RATE FORECAST 43
3 EXECUTIVE SUMMARY 44
TABLE 1 CROSS-LAMINATED MARKET SNAPSHOT, 2023 VS. 2028 44
FIGURE 13 ADHESIVE BONDED TO ACCOUNT FOR LARGER SHARE OF CROSS-LAMINATED TIMBER MARKET 45
FIGURE 14 NON-RESIDENTIAL INDUSTRY TO CAPTURE LARGER MARKET SHARE 46
FIGURE 15 STRUCTURAL SEGMENT TO BE LARGER END USE OF CROSS-LAMINATED TIMBER 46
FIGURE 16 NORTH AMERICA TO BE FASTEST-GROWING CROSS-LAMINATED TIMBER MARKET 47
TABLE 2 KEY MARKET PLAYERS 47
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CROSS-LAMINATED TIMBER MARKET 48
FIGURE 17 CROSS-LAMINATED TIMBER MARKET TO WITNESS MODERATE GROWTH DURING FORECAST PERIOD 48
4.2 CROSS-LAMINATED TIMBER MARKET GROWTH, BY TYPE 48
FIGURE 18 ADHESIVE BONDED TO BE FASTER-GROWING SEGMENT BETWEEN 2023 AND 2028 48
4.3 CROSS-LAMINATED TIMBER MARKET, DEVELOPED VS. DEVELOPING ECONOMIES 49
FIGURE 19 DEVELOPING ECONOMIES TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD 49
4.4 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY AND COUNTRY, 2022 49
FIGURE 20 RESIDENTIAL SEGMENT AND GERMANY ACCOUNTED FOR LARGEST SHARES 49
4.5 CROSS-LAMINATED TIMBER MARKET, BY COUNTRY 50
FIGURE 21 CHINA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 NET-ZERO DESIGN WITH CROSS-LAMINATED TIMBER 51
5.2.1 DYNAMIC THERMAL PERFORMANCE 51
5.2.2 REDUCED THERMAL BRIDGING 51
5.2.3 INSULATION AMOUNT 52
5.2.4 AIRTIGHTNESS 52
5.3 CARBON CONTENT OF CROSS-LAMINATED TIMBER 52
5.4 CROSS-LAMINATED TIMBER LIFE CYCLE ANALYSIS 53
5.5 REDUCING CO2 EMISSIONS FROM CROSS-LAMINATED TIMBER 53
5.5.1 INTRODUCTION 53
5.5.2 LUMBER SOURCING 53
5.5.3 AIR DRY LUMBER 54
5.5.4 UPGRADE DRYING KILNS & POWER 54
5.5.5 USE INTERLOCKING CROSS-LAMINATED TIMBER 54
5.5.6 EXPOSE CROSS-LAMINATED TIMBER WOOD 54
5.5.7 DESIGN USING PRECISE PANEL SIZES 54
5.5.8 REUSE OR RECYCLE CROSS-LAMINATED TIMBER PANELS AT END-OF-LIFE 54
5.6 BENEFITS OF CROSS-LAMINATED TIMBER 54
5.6.1 FASTER CONSTRUCTION 54
5.6.2 COMPETITIVE COST 55
5.6.3 STRUCTURAL PERFORMANCE 55
5.6.4 ENERGY EFFICIENT ASSEMBLIES 55
5.6.5 LIGHTWEIGHT MATERIAL 55
5.6.6 NATURAL AESTHETIC OF WOOD 55
5.6.7 ALTERNATIVE LUMBER UTILIZATION 55
5.6.8 MAY REDUCE CO2 EMISSIONS 55
5.6.9 RENEWABLE RESOURCE 56
5.7 MARKET DYNAMICS 56
FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CROSS-LAMINATED TIMBER MARKET 56
5.7.1 DRIVERS 56
5.7.1.1 Growth of construction industry 56
5.7.1.2 Increasing urban population 57
5.7.1.3 Rising demand from North America 57
5.7.1.4 Capacity expansion for increasing demand 57
5.7.2 RESTRAINTS 58
5.7.2.1 Impact of war between Russia and Ukraine 58
5.7.3 OPPORTUNITIES 58
5.7.3.1 Establishing authenticity through various certification 58
5.7.3.2 Attractive design due to hybrid construction enables new approach to building technology 58
5.7.3.3 Rising opportunities in timber-based construction industry 58
5.7.4 CHALLENGES 59
5.7.4.1 Long lead time by cross-laminated timber suppliers during peak season 59
5.7.4.2 Low product differentiation 59
5.8 PORTER’S FIVE FORCES ANALYSIS 59
TABLE 3 CROSS-LAMINATED TIMBER MARKET: PORTER’S FIVE FORCES ANALYSIS 59
FIGURE 23 PORTER’S FIVE FORCES ANALYSIS OF CROSS-LAMINATED TIMBER MARKET 60
5.8.1 THREAT OF NEW ENTRANTS 60
5.8.2 THREAT OF SUBSTITUTES 60
5.8.3 BARGAINING POWER OF BUYERS 61
5.8.4 BARGAINING POWER OF SUPPLIERS 61
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 61
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 62
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 62
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 62
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%) 62
5.9.2 BUYING CRITERIA 63
FIGURE 25 KEY BUYING CRITERIA FOR CROSS-LAMINATED TIMBER 63
TABLE 5 KEY BUYING CRITERIA FOR CROSS-LAMINATED TIMBER 63
5.10 MACRO INDICATOR ANALYSIS 64
5.10.1 INTRODUCTION 64
5.10.2 TRENDS AND FORECAST OF GDP 64
TABLE 6 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2020–2027 64
5.10.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY 65
FIGURE 26 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035 65
5.11 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 66
5.11.1 RUSSIA–UKRAINE WAR 66
5.11.2 CHINA 66
5.11.2.1 Debt problem 66
5.11.2.2 Australia–China trade war 67
5.11.2.3 Environmental commitments 67
5.11.3 EUROPE 68
5.11.3.1 Energy crisis 68
5.12 VALUE CHAIN ANALYSIS 68
FIGURE 27 CROSS-LAMINATED TIMBER MARKET: VALUE CHAIN ANALYSIS 68
5.13 PRICING ANALYSIS 69
FIGURE 28 AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY REGION, 2022 69
FIGURE 29 AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2022 69
FIGURE 30 AVERAGE PRICE COMPETITIVENESS IN CROSS-LAMINATED TIMBER MARKET, BY COMPANY, 2022 70
5.14 CROSS-LAMINATED TIMBER ECOSYSTEM AND INTERCONNECTED MARKET 70
TABLE 7 CROSS-LAMINATED TIMBER MARKET: SUPPLY CHAIN ANALYSIS 71
FIGURE 31 CROSS-LAMINATED TIMBER ECOSYSTEM 71
5.15 YC AND YCC SHIFT 72
FIGURE 32 CROSS-LAMINATED TIMBER MARKET: YC AND YCC SHIFT 72
5.16 TRADE ANALYSIS 72
TABLE 8 COUNTRY-WISE EXPORT DATA, 2020–2022 (USD THOUSAND) 72
TABLE 9 COUNTRY-WISE IMPORT DATA, 2020–2022 (USD THOUSAND) 73
5.17 PATENT ANALYSIS 73
5.17.1 METHODOLOGY 73
5.17.2 PUBLICATION TRENDS 73
FIGURE 33 NUMBER OF PATENTS PUBLISHED, 2017–2022 74
5.17.3 TOP JURISDICTION 74
FIGURE 34 PATENTS PUBLISHED BY JURISDICTION, 2017–2022 74
5.17.4 TOP APPLICANTS 74
FIGURE 35 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2017–2022 75
TABLE 10 PATENT COUNT, BY COMPANY 75
5.18 CASE STUDY ANALYSIS 76
5.18.1 CASE STUDY 1 76
5.18.2 CASE STUDY 2 76
5.18.3 CASE STUDY 3 77
5.19 TECHNOLOGY ANALYSIS 77
5.20 KEY CONFERENCES AND EVENTS IN 2023 78
TABLE 11 CROSS-LAMINATED TIMBER MARKET: KEY CONFERENCES AND EVENTS 78
5.21 TARIFF AND REGULATORY LANDSCAPE 78
5.21.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
6 CROSS-LAMINATED TIMBER MARKET, BY TYPE 80
6.1 INTRODUCTION 81
FIGURE 36 ADHESIVE BONDED SEGMENT TO DOMINATE OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 2028 81
TABLE 14 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION) 81
TABLE 15 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION) 82
TABLE 16 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER) 82
TABLE 17 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER) 82
6.2 ADHESIVE BONDED 83
6.2.1 SUPERIOR PROPERTIES AND LOW PRODUCTION COST 83
6.2.2 POLYURETHANE (PUR) 83
6.2.3 MELAMINE-UREA-FORMALDEHYDE (MUF) 84
TABLE 18 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 84
TABLE 19 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 84
TABLE 20 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 84
TABLE 21 ADHESIVE BONDED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 85
6.3 MECHANICALLY FASTENED 85
6.3.1 ENHANCED STRENGTH AND STABILITY OF STRUCTURES 85
6.3.2 SELF-TAPPING SCREWS (STS) 85
6.3.3 DOWEL-TYPE FASTENERS 86
TABLE 22 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 86
TABLE 23 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 86
TABLE 24 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 87
TABLE 25 MECHANICALLY FASTENED: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 87
7 CROSS-LAMINATED TIMBER MARKET, BY END USE 88
7.1 INTRODUCTION 89
FIGURE 37 STRUCTURAL SEGMENT TO DOMINATE OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 2028 89
TABLE 26 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION) 89
TABLE 27 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION) 90
TABLE 28 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER) 90
TABLE 29 CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER) 90
7.2 STRUCTURAL 91
7.2.1 HIGH DEMAND IN STRUCTURAL END-USE SEGMENT 91
TABLE 30 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 92
TABLE 31 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 92
TABLE 32 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 92
TABLE 33 STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 92
7.3 NON-STRUCTURAL 93
7.3.1 USED AS SUBSTITUTES FOR BOLTED MATS 93
TABLE 34 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 93
TABLE 35 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 93
TABLE 36 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 94
TABLE 37 NON-STRUCTURAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 94
8 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY 95
8.1 INTRODUCTION 96
FIGURE 38 NON-RESIDENTIAL SEGMENT TO LEAD OVERALL CROSS-LAMINATED TIMBER MARKET BETWEEN 2023 AND 2028 96
TABLE 38 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION) 96
TABLE 39 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 97
TABLE 40 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER) 97
TABLE 41 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER) 97
8.2 RESIDENTIAL 98
8.2.1 EVOLUTION OF BUILDING CODES OFFERS OPPORTUNITIES FOR CROSS-LAMINATED TIMBER MARKET 98
TABLE 42 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 98
TABLE 43 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 98
TABLE 44 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 99
TABLE 45 RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 99
8.3 NON-RESIDENTIAL 99
8.3.1 OPPORTUNITIES OFFERED FOR MASS CONSTRUCTION OF TIMBER BUILDINGS 99
8.3.2 PUBLIC 100
8.3.3 INDUSTRIAL 100
8.3.4 OTHERS 100
TABLE 46 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 100
TABLE 47 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 101
TABLE 48 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 101
TABLE 49 NON-RESIDENTIAL: CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 101
TABLE 50 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 101
TABLE 51 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 102
TABLE 52 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 102
TABLE 53 NON-RESIDENTIAL (PUBLIC): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 102
TABLE 54 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 102
TABLE 55 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 103
TABLE 56 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 103
TABLE 57 NON-RESIDENTIAL (INDUSTRIAL): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 103
TABLE 58 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 103
TABLE 59 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 104
TABLE 60 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 104
TABLE 61 NON-RESIDENTIAL (OTHERS): CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 104
9 CROSS-LAMINATED TIMBER MARKET, BY REGION 105
9.1 INTRODUCTION 106
FIGURE 39 NORTH AMERICAN REGION EMERGING AS STRATEGIC LOCATION FOR CROSS-LAMINATED TIMBER MARKET 107
TABLE 62 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (USD MILLION) 107
TABLE 63 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (USD MILLION) 108
TABLE 64 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020–2022 (THOUSAND CUBIC METER) 108
TABLE 65 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023–2028 (THOUSAND CUBIC METER) 108
9.2 EUROPE 109
9.2.1 IMPACT OF RECESSION ON EUROPE 109
FIGURE 40 EUROPE: CROSS-LAMINATED TIMBER MARKET SNAPSHOT 110
TABLE 66 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 111
TABLE 67 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 111
TABLE 68 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER) 112
TABLE 69 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER) 112
TABLE 70 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION) 113
TABLE 71 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION) 113
TABLE 72 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER) 113
TABLE 73 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER) 113
TABLE 74 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION) 113
TABLE 75 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION) 114
TABLE 76 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER) 114
TABLE 77 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER) 114
TABLE 78 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION) 114
TABLE 79 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 115
TABLE 80 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER) 115
TABLE 81 EUROPE: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER) 115
9.2.2 GERMANY 116
9.2.2.1 Presence of major distribution channels to increase demand 116
9.2.3 AUSTRIA 116
9.2.3.1 Investments and government approach toward sustainability to drive market 116
9.2.4 ITALY 117
9.2.4.1 High disposable income and rising FII investments 117
9.2.5 CZECH REPUBLIC 117
9.2.5.1 Emerging market and rising development to propel demand 117
9.2.6 FRANCE 117
9.2.6.1 Government initiatives and enhanced technology in building & construction industry to drive market 117
9.2.7 SWEDEN 118
9.2.7.1 Residential market in Sweden driving demand for cross-laminated timber 118
9.2.8 SWITZERLAND 118
9.2.8.1 Domestic demand for Swiss construction to drive growth 118
9.2.9 UK 118
9.2.9.1 BREXIT to hamper industry growth in short term 118
9.2.10 SLOVAKIA 119
9.2.10.1 Increase in housing units boosts demand for cross-laminated timber 119
9.2.11 REST OF EUROPE 119
9.3 NORTH AMERICA 119
9.3.1 IMPACT OF RECESSION ON NORTH AMERICA 120
FIGURE 41 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET SNAPSHOT 120
TABLE 82 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 121
TABLE 83 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 121
TABLE 84 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER) 121
TABLE 85 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER) 121
TABLE 86 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION) 122
TABLE 87 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION) 122
TABLE 88 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER) 122
TABLE 89 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER) 122
TABLE 90 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION) 123
TABLE 91 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION) 123
TABLE 92 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER) 123
TABLE 93 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER) 123
TABLE 94 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION) 124
TABLE 95 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 124
TABLE 96 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER) 124
TABLE 97 NORTH AMERICA: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER) 125
9.3.2 US 125
9.3.2.1 Growing sustainable material usage in construction industry to boost market 125
9.3.3 CANADA 126
9.3.3.1 Government investments in building & construction sector to propel market 126
9.4 ASIA PACIFIC 126
9.4.1 IMPACT OF RECESSION ON ASIA PACIFIC 127
FIGURE 42 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET SNAPSHOT 128
TABLE 98 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 128
TABLE 99 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 129
TABLE 100 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER) 129
TABLE 101 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER) 129
TABLE 102 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION) 130
TABLE 103 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION) 130
TABLE 104 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER) 130
TABLE 105 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER) 130
TABLE 106 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION) 131
TABLE 107 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION) 131
TABLE 108 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER) 131
TABLE 109 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER) 131
TABLE 110 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION) 132
TABLE 111 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 132
TABLE 112 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER) 132
TABLE 113 ASIA PACIFIC: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER) 133
9.4.2 CHINA 133
9.4.2.1 Large investments by global manufacturers to boost market 133
9.4.3 JAPAN 134
9.4.3.1 Investments in infrastructural markets by public and private sectors to boost demand 134
9.4.4 AUSTRALIA AND NEW ZEALAND 135
9.4.4.1 Technology-driven economy to drive market 135
9.4.5 REST OF ASIA PACIFIC 135
9.5 REST OF THE WORLD 136
9.5.1 IMPACT OF RECESSION ON REST OF THE WORLD 137
FIGURE 43 BRAZIL TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 138
TABLE 114 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 138
TABLE 115 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 139
TABLE 116 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2020–2022 (THOUSAND CUBIC METER) 139
TABLE 117 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY COUNTRY, 2023–2028 (THOUSAND CUBIC METER) 139
TABLE 118 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (USD MILLION) 139
TABLE 119 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (USD MILLION) 140
TABLE 120 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020–2022 (THOUSAND CUBIC METER) 140
TABLE 121 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023–2028 (THOUSAND CUBIC METER) 140
TABLE 122 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (USD MILLION) 140
TABLE 123 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (USD MILLION) 141
TABLE 124 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2020–2022 (THOUSAND CUBIC METER) 141
TABLE 125 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY END USE, 2023–2028 (THOUSAND CUBIC METER) 141
TABLE 126 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (USD MILLION) 141
TABLE 127 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 142
TABLE 128 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020–2022 (THOUSAND CUBIC METER) 142
TABLE 129 REST OF THE WORLD: CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023–2028 (THOUSAND CUBIC METER) 142
9.5.2 BRAZIL 143
9.5.2.1 Expansion of production capacity and established distribution channels to propel market 143
9.5.3 ARGENTINA 143
9.5.3.1 Government initiatives to boost demand 143
9.5.4 OTHER COUNTRIES 144
9.5.4.1 UAE 144
9.5.4.2 Saudi Arabia 144
9.5.4.3 South Africa 145
10 COMPETITIVE LANDSCAPE 146
10.1 OVERVIEW 146
TABLE 130 OVERVIEW OF STRATEGIES ADOPTED BY KEY CROSS-LAMINATED TIMBER MARKET PLAYERS (2017–2023) 146
10.2 COMPETITIVE LEADERSHIP MAPPING, 2022 147
10.2.1 STARS 147
10.2.2 EMERGING LEADERS 147
10.2.3 PARTICIPANTS 147
10.2.4 PERVASIVE PLAYERS 147
FIGURE 44 CROSS-LAMINATED TIMBER MARKET: COMPETITIVE LEADERSHIP MAPPING, 2022 148
10.3 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) MATRIX, 2022 148
10.3.1 RESPONSIVE COMPANIES 148
10.3.2 PROGRESSIVE COMPANIES 149
10.3.3 STARTING BLOCKS 149
10.3.4 DYNAMIC COMPANIES 149
FIGURE 45 CROSS-LAMINATED TIMBER MARKET: EMERGING COMPANIES’ (SMES’) COMPETITIVE LEADERSHIP MAPPING, 2022 150
10.4 STRENGTH OF PRODUCT PORTFOLIO 151
FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CROSS-LAMINATED TIMBER MARKET 151
10.5 COMPETITIVE BENCHMARKING 152
TABLE 131 CROSS-LAMINATED TIMBER MARKET: DETAILED LIST OF KEY STARTUPS/SMES 152
TABLE 132 CROSS-LAMINATED TIMBER MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES] 152
TABLE 133 COMPANY EVALUATION MATRIX: CROSS-LAMINATED TIMBER 153
10.6 MARKET SHARE ANALYSIS 153
FIGURE 47 MARKET SHARE, BY KEY PLAYER (2022) 153
10.7 MARKET RANKING ANALYSIS 154
FIGURE 48 MARKET RANKING ANALYSIS, 2022 154
10.8 REVENUE ANALYSIS 155
FIGURE 49 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021 155
10.9 COMPETITIVE SCENARIO 156
10.9.1 MARKET EVALUATION FRAMEWORK 156
TABLE 134 STRATEGIC DEVELOPMENTS, BY COMPANY 156
TABLE 135 HIGHEST ADOPTED STRATEGIES 156
TABLE 136 NUMBER OF GROWTH STRATEGIES ADOPTED BY KEY COMPANIES 157
10.9.2 MARKET EVALUATION MATRIX 157
TABLE 137 COMPANY INDUSTRY FOOTPRINT 157
TABLE 138 COMPANY REGION FOOTPRINT 157
TABLE 139 COMPANY FOOTPRINT 158
10.10 STRATEGIC DEVELOPMENTS 158
TABLE 140 CROSS-LAMINATED TIMBER MARKET: DEALS, 2017–2023 158
11 COMPANY PROFILES 160
11.1 MAJOR PLAYERS 160
(Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
11.1.1 MAYR-MELNHOF HOLZ 160
TABLE 141 MAYR-MELNHOF HOLZ: COMPANY OVERVIEW 160
FIGURE 50 MAYR-MELNHOF HOLZ: COMPANY SNAPSHOT 161
TABLE 142 MAYR-MELNHOF HOLZ: DEALS 162
11.1.2 STORA ENSO 163
TABLE 143 STORA ENSO: COMPANY OVERVIEW 163
FIGURE 51 STORA ENSO: COMPANY SNAPSHOT 164
TABLE 144 STORA ENSO: DEALS 165
11.1.3 BINDERHOLZ GMBH 167
TABLE 145 BINDERHOLZ GMBH: COMPANY OVERVIEW 167
11.1.4 EUGEN DECKER HOLZINDUSTRIE KG 169
TABLE 146 EUGEN DECKER HOLZINDUSTRIE KG: COMPANY OVERVIEW 169
11.1.5 HASSLACHER HOLDING GMBH 171
TABLE 147 HASSLACHER HOLDING GMBH: COMPANY OVERVIEW 171
11.1.6 SCHILLIGER HOLZ AG 172
TABLE 148 SCHILLIGER HOLZ AG: COMPANY OVERVIEW 172
11.1.7 KLH MASSIVHOLZ GMBH 173
TABLE 149 KLH MASSIVHOLZ GMBH: COMPANY OVERVIEW 173
11.1.8 STRUCTURLAM MASS TIMBER CORPORATION 174
TABLE 150 STRUCTURLAM MASS TIMBER CORPORATION: COMPANY OVERVIEW 174
TABLE 151 STRUCTURLAM: OTHERS 174
11.1.9 XLAM NZ LIMITED 175
TABLE 152 XLAM NZ LIMITED: COMPANY OVERVIEW 175
11.1.10 PFEIFER HOLDING GMBH 176
TABLE 153 PFEIFER HOLDING GMBH: COMPANY OVERVIEW 176
11.2 OTHER COMPANIES 177
11.2.1 LION LUMBER 177
TABLE 154 LION LUMBER: COMPANY OVERVIEW 177
11.2.2 SMARTLAM NA 178
TABLE 155 SMARTLAM NA: COMPANY OVERVIEW 178
11.2.3 HOISKO 179
TABLE 156 HOISKO: COMPANY OVERVIEW 179
11.2.4 PEETRI PUIT O? 180
TABLE 157 PEETRI PUIT O?: COMPANY OVERVIEW 180
11.2.5 B&K STRUCTURES LTD 181
TABLE 158 B&K STRUCTURES LTD: COMPANY OVERVIEW 181
11.2.6 THEURL AUSTRIAN PREMIUM TIMBER 182
TABLE 159 THEURL AUSTRIAN PREMIUM TIMBER: COMPANY OVERVIEW 182
11.2.7 IB EWP INC 182
TABLE 160 IB EWP INC: COMPANY OVERVIEW 182
11.2.8 NORDIC STRUCTURES 183
TABLE 161 NORDIC STRUCTURES: COMPANY OVERVIEW 183
11.2.9 DR JOHNSON LUMBER COMPANY 184
TABLE 162 DR JOHNSON LUMBER COMPANY: COMPANY OVERVIEW 184
11.2.10 PFS CORPORATION 185
TABLE 163 PFS CORPORATION: COMPANY OVERVIEW 185
11.2.11 DERIX GROUP 186
TABLE 164 DERIX GROUP: COMPANY OVERVIEW 186
11.2.12 URBEM 187
TABLE 165 URBEM: COMPANY OVERVIEW 187
11.2.13 MERCER MASS TIMBER 187
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