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The North America cross laminated timber market size reached around USD 447.98 Million in 2024. The market is projected to grow at a CAGR of 29.60% between 2025 and 2034 to reach nearly USD 5988.37 Million by 2034.
Base Year
Historical Year
Forecast Year
Governments implemented regulations and incentives to promote CLT use in construction, aiming for sustainability, green employment, and reducing environmental impact.
Construction spending in the USA reached USD 1,978.7 billion, exceeding the USD 1,848.7 billion in 2022, according to the U.S. Census Bureau, thus boosting the cross laminated timber market in North America.
According to Statistics Canada, a 5.7% increase in Canada's total dwelling count to 16.4 million units from 2016 to 2021 was observed, thereby driving up the demand for CLT.
Value in USD Million
2025-2034
North America Cross Laminated Timber Market Outlook
*this image is indicative*
Cross laminated timber (CLT) stands as a pioneering mass timber product that has gained widespread acceptance as an innovative engineered wood material, heralding a new era in construction. Recognised for its eco-friendliness compared to traditional materials like concrete and steel, CLT emerges as a cornerstone of sustainable building practices. Its capacity to bear substantial loads while ensuring superior structural integrity further underscores its appeal.
Moreover, its commendable acoustic properties make it a sought-after choice for flooring and wall systems, elevating interior comfort and tranquillity. Consequently, there is a growing demand for CLT in North America. Presently, this demand is pronounced in bridge, residential, and non-residential construction, driven by its durability and ability to withstand heavy loads.
The introduction of CLT into the US construction landscape coupled with prevailing urbanisation trends positions it as a highly viable solution for commercial and mixed-use buildings, especially in seismic zones. According to the U.S. Census Bureau, US construction spending is increasing thus boosting the North America cross laminated timber market growth.
UNITED STATES CONSTRUCTION STATISTICS, 2023, IN $ BILLION
The North America cross laminated timber market is growing with increasing focus on sustainable building materials, architectural creativity, fire resistance and government initiative.
Cross-laminated timber, crafted from layers of timber planks bonded perpendicular, leads towards sustainability. Derived mainly from renewable wood sources, harvested, and managed with eco-responsibility, it safeguards forests and mitigates the carbon footprint linked to construction activities, epitomising environmentally conscious building practices.
The North America cross laminated timber market is experiencing growth due to architectural innovation and demand for design flexibility. Architects, engineers, and designers embrace sustainability, finding cross-laminated timber's structural strength and aesthetic appeal appealing. Its versatility enables imaginative designs, fuelling demand.
CLT outperforms typical wood products ue to its distinctive composition. Its substantial cross-sectional thickness and tightly sealed construction grant it high fire resistance, limiting fire spread. Moreover, its thermal mass prevents conduction across panel sides.
Governments have instituted regulations and incentives to promote CLT utilisation in construction, aiming to foster sustainable practices, generate green employment, and mitigate the building sector's environmental footprint. Such governmental backing is pivotal in expediting CLT adoption and fuelling market expansion.
CLT panels demonstrate impressive load-bearing capacities akin to those of conventional construction materials. They possess structural strength, deformation resistance, and resilience against diverse external forces, including seismic activity, rendering CLT a dependable and durable option for mid-rise and high-rise construction projects.
CLT's prefabrication enables precise off-site manufacturing, leading to quicker and more effective construction processes. This adaptability is attractive to architects, developers, and construction experts in search of inventive and eco-friendly building methods.
North America Cross Laminated Timber Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Breakup by Product Type
Breakup by Element Type
Breakup by Raw Material
Breakup by Storey Class
Breakup by Application
Breakup by End Use
Breakup by Country
Residential demand drives growth of North America cross laminated timber market, due to its versatility, accommodating various architectural styles and configurations
Employing cross-laminated timber in residential building aids in reducing buildings' carbon footprint and advancing sustainability goals. Its usage facilitates the creation of distinctive and visually appealing residential layouts.
CLT, being a prefabricated material, allows for the pre-cutting of elements such as openings for doors, windows, stairs, or ducts. Additionally, insulation and finishes can be applied before installation. This streamlined process leads to reduced expenses and quicker occupancy, making it a prevalent choice in commercial and public projects. This is boosting the North America cross laminated timber market development.
Based on type, the North America cross laminated timber market share is led by structural CLT primarily owing to its widespread application in building and construction projects
Structural CLT panels are employed in building frameworks and are produced according to the APA-PRG 320 standard in North America. Non-structural CLT panels serve as access mats, providing an alternative to bolted mats.
Wall panels are the primary element type in the North America cross laminated timber market, mainly because thy are widely utilised for both load-bearing and non-load-bearing purposes
Wall panels made from CLT provide outstanding durability and firmness, making them optimal for building both exterior and interior walls of structures.
Flooring panels and roofing panels crafted from CLT constitute a substantial portion of the market, valued for their robustness and stability, rendering them appropriate for heavy load-bearing functions in residential and commercial structures.
Custom CLT drives the North America cross laminated timber market growth due to tailored solutions and meeting specific project needs
Custom CLT's adaptability facilitates architects and builders to pursue intricate designs, ideal for projects with distinct structural or aesthetic demands.
Conversely, blank CLT serves a sizable market-seeking construction versatility. These undecorated panels allow on-site customisation, empowering builders, and designers to tailor them according to specific project requirements.
As per the North America cross laminated timber market report, the United States leads the market due to rising demand for sustainable construction materials, favouring those with low carbon footprints like CLT over traditional choices such as concrete and steel. The growth is also fuelled by upscale residential projects with appealing interiors.
Canada is primed for substantial growth in this sector, driven by the need for adaptable and economical construction materials. Additionally, the uptick in building functional living spaces is driving market expansion. With housing production on the rise according to Statistics Canada, the demand for CLT is further increasing.
INVESTMENT BY HOUSING TYPE, CANADA, MILLION DOLLAR
Government initiatives, growing construction and architectural preferences are influencing the companies’ position in the market.
Company | Year Founded | Headquarters | Products/Services |
DRJ Wood Innovations | 1967 | Oregon, United States | Crafting Nordic structures, sustainable engineered wood products, glue-laminated beams, uses locally sourced materials |
Nordic Structures | 2001 | Quebec, Canada | Engineered wood products for the construction sector, cross-laminated timber (CLT), technical assistance, product distribution, complete wood structures |
Sterling Company LLC | 1916 | Wisconsin, United States | CLT manufacturer in the matting industry, CLT access mats, used in power transmission, distribution, oil, gas, chemical, and general construction |
Mercer International Inc. | 1968 | Vancouver, Canada | Produces bleached softwood kraft pulp, tissues, hygiene products, premium printing and writing paper, production, and sale of renewable bioelectricity |
Other North America cross laminated timber market key players are KLH Massivholz GmbH, SmartLam, Binderholz GmbH, HASSLACHER Holding GmbH, and Bell Structural Solutions, among others.
*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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In 2024, the market attained a value of nearly USD 447.98 Million.
The market is assessed to grow at a CAGR of 29.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 5988.37 Million by 2034.
The CLT market is enhanced by sustainable building materials, architectural creativity, fire resistance and government initiative.
Based on end use, CLT market is divided into residential, public, and commercial.
Key players in the market are DRJ Wood Innovations, Nordic Structures, Sterling Company LLC, Mercer International Inc., KLH Massivholz GmbH, SmartLam, Binderholz GmbH, HASSLACHER Holding GmbH, and Bell Structural Solutions, among others
Based on element type, CLT market is divided into wall panels, flooring panels, roofing panels and others.
The different product types in the CLM market include custom CLT and blank CLT.
The different storey classes in the market are low-rise buildings (1-4 storeys), mid-rise buildings (5-10 storeys) and high-rise buildings (more than 10 storeys).
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.
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:
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Breakup by Product Type |
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Breakup by Element Type |
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Breakup by Raw Material |
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Breakup by Storey Class |
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Breakup by Application |
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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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Australia
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India
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Philippines
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+63-287-899-028, +63-967-048-3306
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United States
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Vietnam
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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
+91-723-689-1189
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
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