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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Glue-Laminated Timber (Glulam) Market Trends
The market has been supported by the increasing construction of green buildings. Moreover, the stringent government policies aimed at reducing building emissions have driven the demand for glue-laminated timber.
Globally, with the increased focus on sustainable development, several countries are shifting their residential, commercial, and industrial sectors of construction towards glue-laminated timber. Glulam encourages better use of natural resources and is majorly produced using wood from reforested forests.
Increasing applications of glulam
The expanding levels of industrialisation, infrastructure development, consumer spending, and construction activities are positively contributing to the demand for glulam in various applications. Due to the technical advancements, several large structures such as bridges, airports, and large commercial spaces are being built using glue-laminated timber in several countries.
Rising concerns about environmental protection
The increasing awareness of environmental protection is creating a need for sustainable carbon black products, propelling the market players to develop and launch products that meet the changing customer preferences. Due to the environment-friendly nature of the wood panels, governments across major markets are encouraging consumers to shift towards wood panels which are expected to further increase the demand for glue-laminated timber.
Rising capacity expansions
Companies across the globe are significantly expanding their production capacities, supported by the push towards sustainability.
Increasing government support
As various governments across Europe and North America are promoting the use of green construction materials, the demand for engineered wood products is expected to significantly increase.
Glue-Laminated Timber (Glulam) Market Report Snapshots
Glue-Laminated Timber (Glulam) Market Size
Glue-Laminated Timber (Glulam) Market Trends
Glue-Laminated Timber (Glulam) Companies
Glue-Laminated Timber (Glulam) 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 2023, the market attained a value of nearly USD 2,790.89 million.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 4,38741 million.
The key trends guiding the growth of the market are increasing concerns regarding sustainability, rising capacity expansions, and favourable government initiatives for adopting green construction materials.
The key regional markets for glue-laminated timber (glulam) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses are new construction and replacement.
Glulam finds applications in floor beam, trusses and supporting columns, window and door headers, roof beam, and others.
The key players in the market include Boise Cascade Company, Western Forest Products Inc., Mayr-Melnhof Holz Holding AG, HASSLACHER Holding GmbH, Binderholz GmbH, Ziegler Holding GmbH, Canfor Corporation, and Pfeifer Holz GmbH & Co KG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124