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Glue Laminated Timber Market Trends

Report ID: GMI6340
Published Date: Jul 2023
Report Format: PDF

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Glue Laminated Timber Market Trends

Timber construction gained popularity as a sustainable and aesthetically appealing option. Glulam's versatility and strength made it a preferred choice for various timber construction projects, including residential, commercial, and institutional buildings. Engineered timber systems, which combine glulam with other engineered wood products like cross-laminated timber (CLT), gained traction. These systems offered efficient and sustainable solutions for large-scale construction projects. Glulam's ability to be curved and shaped into unique forms allowed architects to create visually striking and innovative structures.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for glue laminated timber value was around USD 3.8 billion in 2022 and will reach USD 5.7 billion by the end of 2032.

The phenol formaldehyde glue type segment held around 40% market share in 2022 and is expected to grow at a lucrative pace by 2032 as it offers excellent bonding strength, making it suitable for heavy-duty construction applications that require high load-bearing capacity.

U.S. market for glue laminated timber revenue was USD 0.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 due to the increasing focus on sustainable and eco-friendly construction practices.

Binderholz GmbH (Austria), Mayr-Melnhof Holz Holding AG (Austria), Stora Enso Oyj (Finland), Structurlam Mass Timber Corporation (Canada), Boise Cascade Company (United States), D.R. Johnson Wood Innovations (United States), and Meiken Lamwood Corp. (Japan).