Expert Market Research Explores the Top 8 Companies in the Global Glue-Laminated Timber (Glulam) Market

The global glue-laminated timber (glulam) market reached a value of about USD 2,790.89 million in 2023. The market is further expected to grow at a CAGR of about 5.2% in the forecast period of 2024-2032 to reach a value of USD 4,387.41 million by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing preference for wood-based construction materials, increasing demand for sustainable and durable materials, and the increasing urban population.

The global glue-laminated timber (glulam) market is driven by the increasing preference for sustainable construction materials. Glulam offers high thermal strength, chemical resistance, and durability, and is lightweight, making it ideal for architectural designs. It has superior strength and stiffness compared to dimensional lumber and even steel, which is driving its demand as straight beams and arched bridge supports. As sustainability gains traction in construction, glulam's renewable nature elevates its appeal. With exceptional strength and durability, glulam is widely used in flooring systems, providing reliable support and aligning with the trend towards environmentally friendly building materials.

The ongoing trend of urbanisation, combined with the long-term durability and swift construction times offered by glulam, is fuelling the demand for glulam in both residential and non-residential sectors. According to the World Bank, the urban population accounted for 57% of the global population in 2022. The urban population reached 4.52 billion people in 2022 from 3.98 billion in 2015, globally. During this time, 13.5% increase in urban population was witnessed.

In February 2024, The Hasslacher Group acquired stake in Element5, a North American leader in mass timber structures, maintaining both companies' leadership and branding. Element5's St. Thomas facility expansion, backed by Hasslacher's investment, will triple in size, producing fully machined glulam beams and columns alongside existing CLT products. Scheduled for completion in 2025, the expanded plant will double production capacity to 100,000 cubic meters annually and nearly double the workforce to over 200 employees.

Top 8 Glue-Laminated Timber (Glulam) Companies in the World:

Boise Cascade Company

Boise Cascade is one of the largest producers of engineered wood products (EWP) and plywood in North America and a leading U.S. wholesale distributor of building products. The company offers building materials like construction materials for homes, businesses, and communities. The company is a public company listed on the New York Stock Exchange (NYSE) under the trading symbol BCC. As of February 2024, it had over 7,300 employees across the globe. Boise Cascade ensures widespread coverage and a robust market presence, serving customers' evolving needs and contributing to economic growth.

Western Forest Products Inc.

Western Forest Products is a publicly listed company on the Toronto Stock Exchange (TSE) under the trading symbol WEF. The company is a leading forest products provider and is a key player in manufacturing superior wood products and sustainable forest management. It specializes in speciality wood products and a diverse range of offerings to meet global customer demands.

Mayr-Melnhof Holz Holding AG

Mayr-Melnhof has a rich history spanning over 170 years in wood and related products. The company has a workforce of approximately 1,660 committed employees and operations across nine locations in Austria, Germany, Czech Republic, and Sweden. The company strategically operates five cutting-edge sawmills in Leoben, Paskov, Insjön, Blyberg, and Mora. The company provides an extensive range of products, including glued laminated timber, glulam special components, duo and trio beams, glulam floor and wall beams, cross-laminated timber, glulam house building elements, glulam ceiling elements, timber concrete composite elements, timber engineering, turnkey construction, sawn timber, formwork beams, and pellets, among other offerings.

HASSLACHER Holding GmbH

HASSLACHER Holding GmbH, also known as HASSLACHER Group, is a global leader in innovative timber construction solutions, rooted in a legacy of over 120 years. With a commitment to sustainability and social responsibility, the company has over 2,000 employees. The company offers sawn timber, glued laminated timber, cross-laminated timber, and more for European and international markets.

Binderholz GmbH

Binderholz, a family-owned enterprise, is a key player in the wood product manufacturing sector. Operating on the zero-waste principle, the company manages the entire raw resource, from seedlings to full utilization, to offer exceptional solid wood products and densified biofuels. With over 60 locations across Austria, Germany, the UK, Latvia, Finland, and the US, Binderholz brings together a workforce of over 6,300 dedicated employees who share a deep-rooted passion for wood.

Ziegler Holding GmbH

Ziegler Holzindustrie GmbH & Co. KG, the flagship company of the ZIEGLER GROUP, is headquartered in Plößberg. Established in 1948 as a farm, it has evolved into Europe's largest single-location sawmill, processing nearly 2.2 million cubic meters of wood annually across 6 cutting and planning lines. With over 700 dedicated employees, they specialize in transforming spruce and pine logs into premium wood products. Their high export rate, reaching 65% in 2020, demonstrates their global reach and commitment to excellence.

Canfor Corporation

Canfor Corporation, headquartered in Vancouver, BC, is a prominent integrated forest products company with a primary focus on the lumber industry. The company is listed on the Toronto Stock Exchange and had a revenue of CAD 5.42 billion in 2023 . The company operates production sites in multiple countries, including the US, Sweden, Alberta, British Columbia, and others. Canfor ensures widespread distribution of its lumber products across North America and globally through sales offices in Canada, the US, Japan, Sweden, the United Kingdom, Denmark, the Netherlands, and Australia. The company provides top-quality glulam beams and columns, along with treated glulam, as a premium engineered wood solution for floors, roofs, and walls, all at highly competitive prices.

Pfeifer Holz GmbH & Co KG

Pfeifer Holding GmbH, a family-run business spanning three generations, operates across thirteen locations in Austria, Germany, the Czech Republic, and Finland. With a workforce of 2,600 employees, the company is a leading producer of glue-laminated timber in Europe, boasting an impressive production capacity of 125,000 cubic meters per year.