North America Cross-Laminated Timber Market Driven by Its Diverse Benefits

“North America Cross-Laminated Timber Market Driven by Its Diverse Benefits”
The North America CLT market has grown at a significant pace over the past several years. This can be attributed to its benefits such as convenience in manufacturing, transportation and assembling, over traditional building materials.

As per IMARC Group’s latest report, titled, “North America Cross-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the North America Cross-Laminated Timber (CLT) market has witnessed a strong growth over the past few years. CLT is a versatile wood-based system, consisting of several layers of lumber boards that are stacked crosswise and glued together. This enhances its strength, dimensional stability, rigidity and mechanical properties, thereby, creating an effective load-bearing system. It is mostly used either as a standalone system or in combination with other building materials in the construction of mid-rise and high-rise buildings. Developed in Europe during the early 1990s, CLT has gained prominence in North America over the past several years. This can be attributed to increasing awareness about its advantages over other traditional construction materials.

Highlights of the North America cross-laminated timber market:

  • Diverse environmental benefits of CLT remain the major growth driving factor.
  • Minimised cost and waste production is also creating a demand for CLT in the construction industry.
  • Within the region, Canada represents the larger market.


Request a free sample copy of the report: 
http://www.imarcgroup.com/request?type=report&id=752&flag=B

The renewable and sustainable nature of CLT has made it extremely popular in North America since the government is focussing on green building solutions. The manufacturing, transportation and assembling of CLT requires lesser energy as compared to structural concrete, masonry or steel. Additionally, it is easier to install and requires minimal installation time. Since, CLT is prefabricated, no waste is produced onsite and the cost of erection is reduced. These factors accelerate the construction process and also save cost, thereby, facilitating the applications of CLT in the construction industry. Nowadays, interior designers and architects are also preferring CLT over traditional timber since it offers flexible design and an aesthetic appeal. Moreover, existing timber producers in North America are now adding CLT manufacturing capacity to their product lines. Owing to these factors, the North America CLT market is expected to grow at a rapid pace for the next few years.

On the basis of application, the market has been segmented into residential, educational institutes, government and public buildings, and commercial spaces. Region-wise, the market has been segmented into the United States and Canada. Amongst these, Canada represents the larger market since the manufacturing of CLT started earlier as compared to the United States. On the other hand, as the housing sector in the US is already well-developed, CLT is expected to find more applications in the commercial and industrial sector in the country. On analysing the competitive landscape, it is found that Structurlam, Nordic Engineered Wood, SmartLam and Sterling Lumber are the key players operative in the market.

To view the report summary and Table of Contents, click on: http://www.imarcgroup.com/north-america-cross-laminated-timber-market

The report by IMARC Group has examined the North America cross-laminated timber market on the basis of:

Application:

  • Residential
  • Educational institutes
  • Government and public buildings
  • Commercial spaces


Region:

  • US
  • Canada


Key Players:

  • Structurlam
  • Nordic Engineered Wood
  • SmartLam
  • Sterling Lumber


Browse related reports:

Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Laminated Veneer Lumber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Anand Ranjan
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Country: United States
Website: http://www.imarcgroup.com/