Our comprehensive research on the Global Glue Laminated Timber Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global glue laminated timber market size was US$ 6.2 billion in 2021. The global glue laminated timber market is forecast to grow to US$ 10.27 billion by 2030 by growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Glue-laminated timber is produced using a wide range of small trees. The eco-friendly properties of the product are forecast to surge the growth of the glue-laminated timber market.
The increasing demand for glue-laminated timber is forecast to boost for household purposes. Glue-laminated timber finds its wide applications in the development of floor beams, window headers, trusses, and roof beams. As a result, it will boost the growth of the global glue laminated timber market.
The growing need for laminated building materials is predicted to increase in developing countries. As a result, it will contribute to the growth of the glue-laminated timber market. Moreover, the expansion of the glue-laminated timber market is likely to be driven by various benefits associated with glue-laminated timber, such as fire resistance and durability.
The low cost of the raw material is forecast to boost demand for glue-laminated timber worldwide.
The growing number of construction activities and increasing urbanization will surge the growth of the global glue-laminated timber industry during the study period.
Regional Analysis
Asia-Pacific is forecast to hold the largest share in the global glue laminated timber market. The growth of the market is attributed to the rising number of construction activities. In addition, rising urbanization and increasing disposable income will benefit the regional glue-laminated timber market. In addition, growing lifestyle changes and rising demand for aesthetic changes will contribute to the growth of the glue-laminated timber market.
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Competitors in the Market
- Boise Cascade Company
- Calvert Co., Inc.
- Canfor Corporation
- Binderholz GmbH
- Structural Wood Systems
- Mayr-Melnhof Holz Group
- Pfeifer Holz GmbH
- Eugen Decker Holzindustrie KG
- Meiken Lamwood Corp.
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Glue Laminated Timber industry experienced notable growth in its workforce. Starting in January, employment within the Glue Laminated Timber sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Glue Laminated Timber output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Glue Laminated Timber output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Glue Laminated Timber market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Glue Laminated Timber market.
Market Segmentation
The global glue laminated timber market segmentation focuses on End-Use, Application, and Region.
Based on the end-use, the glue-laminated timber market has been segmented into ––
- Residential
- Non-Residential
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Based on the application, the glue-laminated timber market has been segmented into–
- Floor Beams
- Window and Door Header
- Trusses and Supporting Columns
- Roof Beams
Based on the region, the glue-laminated timber market has been segmented into–
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Glue Laminated Timber Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Glue Laminated Timber Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Glue Laminated Timber Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Glue Laminated Timber Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Glue Laminated Timber market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Glue Laminated Timber market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Glue Laminated Timber business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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