According to the latest report by IMARC Group, titled "European Cross-Laminated Timber Market Report by Application (Residential, Educational Institutes, Government/Public Buildings, Commercial Spaces), Product Type (Custom CLT, Blank CLT), Element Type (Wall Panels, Flooring Panels, Roofing Slabs, and Others), Raw Material Type (Spruce, Pine, Fir, and Others), Bonding Method (Adhesive Bonded, Mechanically Fastened), Panel Layer (3-Ply, 5-Ply, 7-Ply, and Others), Adhesive Type (PUR (Polyurethane), PRF (Phenol Resorcinol Formaldehyde), MUF (Melamine-Urea-Formaldehyde), and Others), Press Type (Hydraulic Press, Vacuum Press, Pneumatic Press, and Others), Storey Class (Low-Rise Buildings (1-4 Storeys), Mid-Rise Buildings (5-10 Storeys), High-Rise Buildings (More Than 10 Storeys)), Application Type (Structural Applications, Non-Structural Applications), and Country 2025-2033," the European cross-laminated timber market size reached 1.9 Million Cubic Metres in 2024. Cross-laminated timber (CLT) is an engineered wood product consisting of layers of wood panels oriented at right angles to one another and glued together to form structural panels. It is a strong and solid structure made from softwood species, such as spruce, pine, and fir. It is used as an alternative to form the walls, roofs, floors, ceilings of a building, and multistorey taller wood construction. At present, key market players operating in Europe are introducing CLT panels with concrete to form timber concrete composite (TCC) to minimize noise transfer and vibrations.
European Cross-Laminated Timber Market Trends:
High standards of living and increasing renovation activities represent one of the primary factors catalyzing the demand for CLT in Europe. In addition, the growing inclination of consumers towards aesthetically appealing sustainable materials in the construction of buildings and infrastructure is contributing to the market growth. Moreover, the escalating demand for eco-friendly construction materials due to increasing consumer awareness about the impact caused to the environment due to the manufacturing of cement and bricks is bolstering the market growth. Apart from this, the increasing adoption of timber due to better thermal and acoustic insulation as compared to conventional construction materials, such as glass and plastic is creating a positive market outlook. Other factors, such as the rising awareness about the benefits of CLT and improvement in the logistics are stimulating the growth of the market in Europe. On account of the aforementioned factors, the market is anticipated to reach a volume of 4.2 Million Cubic Metres by 2033, exhibiting a CAGR of 8.95% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD, Million Cubic Metres |
Segment Coverage | Application, Product Type, Element Type, Raw Material Type, Bonding Method, Panel Layers, Adhesive Type, Press Type, Storey Class, Application Type, Country |
Countries Covered | Austria, Germany, Italy, Switzerland, Czech Republic, Spain, Norway, Sweden, United Kingdom, Others |
Companies Covered | Stora Enso Oyj, KLH Massivholz GmbH, Binderholz GmbH, Mayr Melnhof Karton AG and Hasslacher Holding GmbH |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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