European Cross Laminated Timber Market Share, Size, Growth Trends And Forecast 2018-2023

European Cross-Laminated Timber Market Boosted by its Structural Stability and Design Flexibility

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Report Description and Highlights

Report Description

European Cross-Laminated Timber Market Boosted by its Structural Stability and Design Flexibility The European cross laminated timber market has grown at a double digit rate as a result ofchanges in building codes, consistent marketing efforts as well as developed distribution channels.

Cross-laminated timber, also known as mass timber, is a prefabricated engineered wood product which consists of several layers of dried lumber boards stacked in alternating directions. It is easier to assemble and more fire resistant, sustainable, and cost effective than conventional building materials.

Since its invention, cross-laminated timber has been widely used in the construction sector for various household and industrial applications. A new research report by IMARC Group, titled “European CrossLaminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 20182023�, estimates that the market was around US$ 494 Million in 2017. The report further anticipates the market to reach US$ 1,112 Million by 2023, at a projected CAGR of nearly 15% over the forecast period.

Report Description and Highlights

Report Description

European Cross-Laminated Timber Market Drivers/Constraints: •

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Cross-laminated timber consists of multi layers of stacked lumber boards bonded with structural adhesive which are easy to install and have superior seismic, fire and thermal performance, design flexibility, structural stability, rigidity, etc. These factors have facilitated the use of crosslaminated timber for various construction applications.

Since carbon is stored within the solid timber panels, cross laminated timber is being used in constructing buildings in lieu of traditional building material so as to reduce the CO2 emission.

This acts as another factor driving the demand for cross-laminated timber in Europe.

The support provided by the governments of various European countries for the adoption of green building materials has provided a positive thrust to the cross-laminated timber market in the region.

The strict rules and regulations regarding the manufacturing and use of cross laminated timber restricts its adoption by the end-users. Some of the other factors affecting the market growth are high maintenance costs, poor acoustic performance and the stringent transportation regulations in many countries.

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Report Description and Highlights

Report Description

Application Insights: Based on application, the market has been segmented into educational institutes, residential, commercial spaces, and government and public buildings. Currently, the residential segment represents the largest application area as the demand for residential buildings including single-family homes, multifamily apartments, etc. is growing in the region.

Regional Insights: On a geographical front, Austria is the leading region, holding the majority of the total share on account of the green building movement, better efficiencies, product approvals, and improved marketing and distribution channels. Other major regions include Germany, Italy, Switzerland, Czech Republic, Spain, Norway, Sweden and the United Kingdom.

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Report Description and Highlights Report Description Competitive Landscape: The market is concentrated in nature with the presence of a small number of manufacturers which limits the degree of competition in the market. The leading players operating in the market are: • Stora Enso • KLH • Binderholz • Mayr Melnhof • Hasslacher

Browse more related reports:

Glue-Laminated Timber Market: https://www.imarcgroup.com/glue-laminated-timber-market North America Cross-Laminated Timber Market: https://www.imarcgroup.com/north-america-crosslaminated-timber-market

Report Description and Highlights

Report Description

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