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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Cross-Laminated Timber Market Outlook
The Europe cross-laminated timber market size attained a volume of 1.22 million CBM in 2023. The market is further projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a volume of 1.76 million CBM by 2032.
Key Takeaways
- As per industry reports, the market is expected to grow due to the large adoption of CLT in building residential and non-residential structures.
- The non-residential segment is estimated to register a noteworthy Europe cross-laminated timber market share due to the increasing demand for mechanically stiff, sound, and secure structures in non-residential sites.
- The market is also driven by the increasing demand for renewable building materials and eco-friendly building methods to reduce carbon emissions in the construction industry.
Some of the key trends aiding the Europe cross-laminated timber market development include the demand for cross-laminated timber by the building and construction industry, and packaging sector. Europe is considered the world's largest manufacturer of cross-laminated timber, with buildings constructed using this material experiencing high demand across North America and Europe.
CLT is increasingly being used in residential buildings due to its excellent thermal insulation performance, which has resulted in the growth of the residential segment as Europe accounts for 65% of the global timber-based wood material production. In Austria, the HoHo Wien project in Vienna is a prime example of the increasing adoption of CLT in residential buildings.
Additionally, companies are carrying out research to develop Xlam from lumber obtained from trees and plants such as bamboo, which can reduce the cost of the product, making it more affordable compared to conventional building materials. In Germany, the H7 Office Building constructed using state-of-the-art CLT manufacturing techniques, showcases the structural integrity and design flexibility of CLT.
As per the Europe cross-laminated timber market analysis, PUR adhesive is widely used in CLT production in Europe due to its superior bonding strength, durability, and resistance to temperature fluctuations. It is approved by EN 16351 standards, making it a preferred choice for manufacturers in the region. Meanwhile, PRF adhesive offers excellent bonding performance and is suitable for structural applications in CLT production. It provides enhanced fire resistance and stability, making it a reliable choice for manufacturing CLT panels in Europe.
MUF adhesive is commonly used in CLT production in Europe for its ability to provide strong and durable bonds, especially in humid environments. It is approved by EN 16351 standards, ensuring quality and performance in CLT manufacturing.
Market Segmentation
Europe Cross Laminated Timber Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Custom CLT
- Blank CLT
Market Breakup by Element Type
- Wall Panels
- Flooring Panels
- Roofing Panels
- Others
Market Breakup by Raw Material Type
- Spruce
- Pine
- Fir
- Others
Market Breakup by Bonding Method
- Adhesively Bonded
- Mechanically Fastened
Market Breakup by Panel Layers
- 3-Ply
- 5-Ply
- 7-Ply
- Others
Market Breakup by Adhesive Type
- PUR (Polyurethane)
- PRF (Phenol Resorcinol Formaldehyde)
- MUF (Melamine-Urea-Formaldehyde)
- Others
Market Breakup by Press Type
- Hydraulic Press
- Vacuum Press
- Pneumatic Press
- Others
Market Breakup by Storey Class
- Low-Rise Buildings (1-4 Storeys)
- Mid-Rise Buildings (5-10 Storeys)
- High-Rise Buildings (More than 10 Storeys)
Market Breakup by Application
- Structural Applications
- Non-Structural Applications
Market Breakup by End Use
- Residential
- Public
- Commercial
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
Market players are focused on providing premium quality of cross laminated timber (CLT) across industries to stay ahead in the competition.
- Stora Enso OY
- Binderholz GmbH
- Mayr-Melnhof Holz Holding AG
- Schilliger Holz AG
- KLH Massivholz GmbH
- HASSLACHER Holding GmbH
- Mercer International
- Eugen Decker Holzindustrie GmbH & Co. KG
- Brüder Theurl GmbH
- Pfeifer Group
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Element Type |
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| Breakup by Raw Material Type |
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| Breakup by Bonding Method |
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| Breakup by Panel Layers |
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| Breakup by Adhesive Type |
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| Breakup by Press Type |
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| Breakup by Storey Class |
|
| Breakup by Application |
|
| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 2023, the market reached an approximate volume of 1.22 million CBM.
The market is expected to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 1.76 million CBM by 2032.
The market is driven by the increasing demand for sustainable construction materials, advancements in CLT production technology, and the expansion of CLT production capacities.
Key trends aiding the market expansion include region's dominance in cross-laminated timber production, increasing demand for cross-laminated timber in emerging markets of Asia Pacific, and increasing adoption of CLT in residential buildings.
Countries considered in the market are Germany, United Kingdom, France, and Italy, among others.
Different methods of bonding in the report are adhesively bonded and mechanically fastened.
Based on adhesive type, the market segmentations include PUR (Polyurethane), PRF (Phenol Resorcinol Formaldehyde), and MUF (Melamine-Urea-Formaldehyde), among others.
Hydraulic, vacuum, pneumatic, and other press are considered in the report.
Key players in the market are Stora Enso OY, Binderholz GmbH, Mayr-Melnhof Holz Holding AG, Schilliger Holz AG, KLH Massivholz GmbH, HASSLACHER Holding GmbH, Mercer International, Eugen Decker Holzindustrie GmbH & Co. KG, Brüder Theurl GmbH, and Pfeifer Group, among others.
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