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Report Overview

The global cross-laminated timber market attained a value of USD 1753.55 Million in 2024. The market is expected to further grow at a CAGR of 11.40% in the forecast period of 2025-2034 to reach USD 5161.43 Million by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In 2022, the NYC Department of Buildings redefined its Building Codes, including a definition of cross-laminated timber and structural composite lumber, thus laying the ground for mass timber's proliferation.

  • In 2024, Timberlab Inc. announced its plans to build and operate a cross-laminated timber manufacturing facility with leading-edge technology in Oregon's Mid-Willamette region, to be developed upon obtaining all required state and local approvals.

  • In 2023, Shigeru Ban collaborated with the municipality of Lviv to design an extension to Lviv Hospital using cross-laminated wood and joints inspired by traditional wooden construction methods.

Compound Annual Growth Rate

Value in USD Million

11.4%

2025-2034


Cross Laminated Timber Market Outlook

*this image is indicative*

 

Global Cross-Laminated Timber Market Report Summary Description Value
Base Year USD Million 2024
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million 1753.55
Market Size 2034 USD Million 5161.43
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 11.40%
CAGR 2025-2034 - Market by Region Asia Pacific 13.1%
CAGR 2025-2034 - Market by Country India 15.0%
CAGR 2025-2034 - Market by Country China 12.5%
CAGR 2025-2034 - Market by Product Type Custom CLT 12.5%
CAGR 2025-2034 - Market by Adhesive Type PUR (Polyurethane) 12.8%
Market Share by Country 2024 France 3.1%

Cross-Laminated Timber Market

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Cross-Laminated Timber Market Growth

The cross-laminated timber market is currently being driven by the increasing construction activities and the rising demand coming from the education sector and residential and non-residential applications. These are putting pressure on the supplies of traditional materials and prompting developers to look for speedier alternatives like cross-laminated timber and hence bolstering the cross-laminated timber demand.

Another significant driver of the market is the increasing demand for biophilic design in architecture. Cross-laminated timber exploits the trend of incorporating natural elements into urban environments with its aesthetic appeal, which is natural. Added health benefits, such as improvement in air quality and enhancement of well-being, are also aligned with the trend. This design approach tends to support both sustainability and occupant satisfaction, hence propelling the growth of the cross-laminated timber market.

Key Trends and Recent Developments

Cross-laminated Timber Market Trends

Cross-laminated timber (CLT) is engineered wood used as building material and designed to complement the light- and heavy-timber framing options. Owing to its dimensional stability and high strength, it can be used as an alternative to steel, concrete, and masonry in many building types. It is more economical, environmentally friendly as it emits less greenhouse gas, it is easy and fast to install as it is prefabricated and provides flexibility in design as it is lightweight and strong.

A key trend of the cross-laminated timber market is the increasing integration of advanced digital technologies into design and construction. Building information modelling (BIM) and other digital technologies help realise CLT projects with better precision, efficiency, and personalization. This enables increasingly complex and innovative applications in modern architecture.

Cross-Laminated Timber Market by Segments

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Cross-Laminated Timber Industry Segmentation

“Global Cross-Laminated Timber Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

On the basis of application, the market is divided into:

  • Residential
  • Public
  • Commercial

Based on product type, the industry is segmented into:

  • Custom
  • Blank

On the basis of element type, the industry is divided into:

  • Wall Panels
  • Flooring Panels
  • Roofing Slabs

Based on raw material type, the industry is segregated into:

  • Spruce
  • Pine
  • Fir
  • Others

On the basis of bonding methods, the industry is divided into:

  • Adhesively Bonded
  • Mechanically Fastened

Based on panel layers, the market is segmented into:

  • 3-Ply
  • 5-Ply
  • 7-Ply
  • Others

On the basis of adhesive type, the industry is categorised into:

  • PUR (Polyurethane)
  • PRF (Phenol Resorcinol Formaldehyde)
  • MUF (Melamine-Urea-Formaldehyde)

Based on press type, the industry is divided into:

  • Hydraulic Press
  • Vacuum Press
  • Pneumatic Press

Based on storey class, the industry is categorised into:

  • Low-Rise Buildings (1-4 Storeys)
  • Mid-Rise Buildings (5-10 Storeys)
  • High-Rise Buildings (more than 10 storeys)

Based on end-uses, the industry is segmented into:

  • Structural Applications
  • Non-Structural Applications

Cross-Laminated Timber Market Share

Commercial Application To Gain Significance Due To Demand In Sustainable And Cost-Effective Building Solutions

The commercial segment is expected to have a quite dominant share in the cross-laminated timber market. It is also driven by increasing demands from commercial sectors of office buildings, retail spaces, and hospitality structures for more sustainable, attractive, and economical construction methods. In commercial applications, the adoption of CLT has been especially very appealing since it allows for faster construction time and lesser environmental impacts, thus making performance versus sustainability, not an either-or proposition. Ultimately, this leads to an increase in the cross-laminated timber industry revenue globally.

Mid-Rise Buildings (5-10 Storeys) To Use CLT On A Wide Scale For Structural Efficiency

As per cross-laminated timber industry analysis, the mid-rise buildings (5-10 storeys) segment is likely to drive tremendous growth. Such a segment reaps all the benefits from the combination of CLT's structural strength with lighter weight, hence being quite perfect for buildings that are taller than low-rise and less demanding than high-rises. Applications in the mid-rise balance cost with performance and sustainability, highlighting the benefits of using CLT in residential and commercial applications. It is this growing focus on urban density and sustainable development that further drives interest in mid-rise CLT construction.

Cross-Laminated Timber Market Regional Analysis

Europe Is Likely To Acquire Dominant Market Share Owing To Sustainable Construction Practices

The cross-laminated timber industry in Europe is expected to hold the leading share in the cross-laminated timber market. The primary reason behind this supremacy is the robust regulatory support that sustainable construction practices have been enjoying in Europe, coupled with major investments in green building technologies and an existing well-established network of producers of cross-laminated timber.

Austria, Germany, and Sweden dominate in terms of innovation and production of cross-laminated timber, including enabling policies and rising adoption of eco-friendly construction methods. Furthermore, the well-established market infrastructure in this mature market and growing concern of European nations toward reducing carbon footprints also support the region's lead in the global cross-laminated timber market.

CAGR 2025-2034 - Market by Country
India 15.0%
China 12.5%
UK 10.4%
USA 10.1%
Germany 9.3%
Canada XX%
France XX%
Italy XX%
Japan 7.8%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Competitive Landscape

The key players in the cross-laminated timber market are mainly involved in developing technologies, increasing production capacities, entering into strategic partnerships, and improving sustainability performance to meet growing demand and increasingly strict environmental legislation.

The Stora Enso Group

Founded in 1998 and headquartered in Helsinki, Finland, supplies a diversified portfolio of sustainable building materials, including Cross-Laminated Timber and Glulam. Their products highlight eco-friendliness with superior engineering in support of the modern needs of construction.

Binderholz GmbH

Fügen, Austria-based, was established in 1956 to specialize in Cross-Laminated Timber, Glulam, and other solid wood products. Quality and structural performance are guaranteed with the company's products, thereby promoting sustainable and innovative building solutions.

Mayr Melnhof Holz Group

Has been in business since 1986, with its headquarters in Leoben, Austria. It offers a comprehensive range of engineered wood products, from CLT and Glulam. Their concentration will be on linking leading technology with sustainability, adding construction effectiveness, and ecological obligation for a better future.

Schilliger Holz AG

Company founded in 1960 and located in Lenzburg, Switzerland and produces a wide array of timber products, from CLT to other wooden solutions involving engineered wood. Besides this, the firm comes up with high-grade, benign products harmonised with contemporary architecture and building demands.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the cross-laminated timber market are KLH Massivholz GmbH, HASSLACHER Holding GmbH, Sterling Company, Structurlam Mass Timber Corporation, Nordic Structures, and Eugen Decker Holzindustrie KG, among others.

Cross-Laminated Timber Market Report Snapshots

Cross-Laminated Timber Market Size

Cross Laminated Timber Market Growth

Cross Laminated Timber Market Trends

Cross Laminated Timber Market Share

Cross-Laminated Timber Market Analysis

Cross-Laminated Timber Companies

Cross Laminated Timber Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global cross-laminated timber market attained a value of nearly USD 1753.55 Million.

The cross-laminated timber market is projected to grow at a CAGR of 11.40% between 2025 and 2034.

By 2034, the market is projected to reach USD 5161.43 Million.

The major market drivers include rising population, increasing construction activities, and the flexibility offered by cross-laminated timber.

The rising awareness about the advantages of cross-laminated timber over other traditional construction materials and the growing focus on reducing construction time are the key trends fuelling the market growth.

The major regions in the cross-laminated timber market are North America, Europe, Japan, and Oceania, among the rest of the world.

The major applications of cross-laminated timber are residential, public, and commercial.

The leading product types in the market are custom CLT and blank CLT.

The significant element types in the market are wall panels, flooring panels, and roofing panels.

The major raw material types of the product include spruce, pine, and fir, among others.

The significant bonding methods of the product are adhesively bonded and mechanically fastened.

The major panel layers of the product are 3-Ply, 5-Ply, and 7-Ply, among others.

The several adhesive types considered in the market report are PUR (Polyurethane), PRF (Phenol Resorcinol Formaldehyde), and MUF (Melamine-Urea-Formaldehyde).

The significant press types of the product include hydraulic press, vacuum press, and pneumatic press, among others.

The significant storey classes of the product are low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys), and high-rise buildings (more than 10 storeys).

The major end uses of the product include structural applications and non-structural applications.

The major players in the market are Stora Enso Group, Binderholz GmbH, Mayr Melnhof Holz Group, Schilliger Holz AG, KLH Massivholz GmbH, HASSLACHER Holding GmbH, Sterling Company, Structurlam Mass Timber Corporation, Nordic Structures, and Eugen Decker Holzindustrie KG, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Product Type
  • Element Type
  • Raw Material Type
  • Bonding Method
  • Panel Layers
  • Adhesive Type
  • Press Type
  • Storey Class
  • End Use
  • Region
Breakup by Application
  • Residential
  • Public
  • Commercial
Breakup by Product Type
  • Custom CLT
  • Blank CLT
Breakup by Element Type
  • Wall Panels
  • Flooring Panels
  • Roofing Panels
  • Others
Breakup by Raw Material Type
  • Spruce
  • Pine
  • Fir
  • Others
Breakup by Bonding Method
  • Adhesively Bonded
  • Mechanically Fastened
Breakup by Panel Layers
  • 3-Ply
  • 5-Ply
  • 7-Ply
  • Others
Breakup by Adhesive Type
  • PUR (Polyurethane)
  • PRF (Phenol Resorcinol Formaldehyde)
  • MUF (Melamine-Urea-Formaldehyde)
  • Others
Breakup by Press Type
  • Hydraulic Press
  • Vacuum Press
  • Pneumatic Press
  • Others
Breakup by Storey Class
  • Low-Rise Buildings (1-4 Storeys)
  • Mid-Rise Buildings (5-10 Storeys)
  • High-Rise Buildings (More than 10 Storeys)
Breakup by End Use
  • Structural Applications
  • Non-Structural Applications
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Stora Enso Group
  • Binderholz GmbH
  • Mayr Melnhof Holz Group
  • Schilliger Holz AG
  • KLH Massivholz GmbH
  • HASSLACHER Holding GmbH
  • Sterling Company
  • Structurlam Mass Timber Corporation
  • Nordic Structures
  • Eugen Decker Holzindustrie KG
  • Others
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