IMARC Group’s latest report, titled “Glue-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global glue-laminated timber market reached a value of more than US$ 3 Billion in 2016, growing at a CAGR of nearly 5% during 2009-2016. Glue-laminated timber is an engineered wood product which is manufactured by bonding together the prepared laminations of solid timber with durable and moisture-resistant structural adhesives. It is a versatile, sustainable and highly innovative material which is extensively used in the construction industry.
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Highlights of the Global Glue-Laminated Timber Market:
- Design flexibility and expanding applications remain the primary growth driving factors.
- In terms of end-use, floor beam holds a third of the total market share.
- Europe accounts for more than a half of the total global share, representing the largest market.
One of the major factors catalysing the global glue-laminated timber market growth is design flexibility. When combined with other building materials, glue-laminated timber provides more flexibility in style and finished architecture. It can be used in the construction of vertical columns or horizontal beams as well as curved and arched shapes, resulting in a strong demand in various areas such as household framing, industrial construction and architecture. Moreover, governments across major markets are encouraging consumers to shift towards wood panels owing to its environment-friendly nature. A few other growth inducing factors include reduced construction costs and expanding applications. According to the report, the market is further expected to reach a value of around US$ 4 Billion by 2022.
The market has been segmented on the basis of end-use. Currently, floor beam holds more than a third of the global market share. On the basis of region, Europe represents the largest producer of glue-laminated timber, accounting for more than a half of the total global share. The other major regions include Asia-Pacific, North America, Latin America and Middle East and Africa. Some of the key players operating in the market are Structural Wood Systems, Mayr-Melnhof Holz Gaishorn Gmbh, Forest Timber Engineering Ltd., Boise Cascade and Ecocurves.
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The report has examined the global glue-laminated timber market on the basis of:
- Floor Beam
- Window and Door Header
- Roof Beam
- North America
- Latin America
- Middle East and Africa
- Structural Wood Systems
- Mayr-Melnhof Holz Gaishorn Gmbh
- Forest Timber Engineering Ltd.
- Boise Cascade
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