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: https://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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/glue-laminated-timber-market/request/rs1
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
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.
For
more info visit @ https://www.grandviewresearch.com
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