North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • May 2021 •
  • 106 pages •
  • Report ID: 4876150 •
  • Format: PDF
The North America cross-laminated timber market reached US$ 106.3 Million in 2020. Cross laminated timber (CLT) is an engineered wood product which was developed in Europe during the early 1990s. It is made by stacking layers of wood panel in alternating directions and bonding them with adhesives or fasteners. This arrangement helps in improving the strength, rigidity, dimensional stability and mechanical properties of the panels, and makes them suitable for load-bearing construction. In North America, CLT was first introduced during the early 2000s and, since then, its usage has gained momentum. It is now used either as a standalone system or in combination with other building materials in the construction of mid-rise and high-rise buildings for residential and commercial purposes.

As CLT is made from trees, it is renewable and sustainable in nature and helps in storing carbon from the environment. The manufacture, transportation and assembly of CLT also require lesser energy as compared to concrete, bricks, mortar, etc. Since the governments in the North American region are focusing on green building solutions, these factors are facilitating the applications of CLT in the construction industry. Moreover, as CLT is prefabricated and requires minimal installation time, it is more cost-efficient and easier to install as compared to other construction materials. It also offers design flexibility and has a certain aesthetic appeal, which have made it popular among interior designers and architects. Owing to these forces, the North America CLT market is expected to grow at a rapid pace during the next few years. Looking forward, the analyst expects the North America cross-laminated timber market to reach a value of US$ 304.6 Million by 2026, exhibiting a CAGR of 18.69% during 2021-2026.

Breakup by Application:
Residential
Educational Institutes
Government/Public Buildings
Commercial Space

Breakup by Region:
United States
Canada

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being D.R. Johnson Lumber Co., Nordic Structures, SmartLam, Sterling Lumber, StructureCraft., and Structurlam Products Ltd.

Key Questions Answered in This Report:
How has the North America cross laminated timber market performed so far, and how will it perform in the coming years?
What has been the impact of COVID-19 on the North America cross-laminated timber market ?
What is the breakup of the market based on the Application?
What are the key regional markets?
What are the various stages in the value chain in the industry?
What are the key driving factors and challenges in the market?
What are the price trends of cross laminated timber?
What are the profit margins in the cross laminated timber industry?
What are the key requirements for setting up a cross laminated timber manufacturing plant?
How is cross laminated timber manufactured?
What are the various unit operations involved in a cross laminated timber manufacturing plant?
What is the total size of land required for setting up a cross laminated timber manufacturing plant?
What are the machinery requirements for setting up a cross laminated timber manufacturing plant?
What are the raw material requirements for setting up a cross-laminated timber manufacturing plant?
What are the packaging requirements for cross-laminated timber?
What are the transportation requirements for cross-laminated timber?
What are the utility requirements for setting up a cross-laminated timber manufacturing plant?
What are the manpower requirements for setting up a cross-laminated timber manufacturing plant?
What are the infrastructure costs for setting up a cross laminated timber manufacturing plant?
What are the capital costs for setting up a cross laminated timber manufacturing plant?
What are the operating costs for setting up a cross laminated timber manufacturing plant?
What will be the income and expenditures for a cross laminated timber manufacturing plant?
What is the time required to break-even?
What is the structure of the North America cross laminated timber market and who are the key players?
What is the degree of competition in the market?