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Global Glue Laminated Timber Market Insight February 7, 2022 Comments

The glue laminated timber is forecast to crazy over the next few years. According to WK-chem Research, “Global Glue Laminated Timber Professional Survey Report 2022, Forecast to 2027”, The glue laminated timber industry is growing rapidly because of policy support . The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.1% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“The increasing preference for wood construction materials due to their advantages including high thermal strength, chemical resistance, durability, and light weight is expected to positively impact the expansion of the global glue-laminated lumber (glulam) market said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK-chem Research.
Market insight:
Glue Laminated Timber is superior in performance compared to other structural building materials. Glue-laminated lumber has no negative impact on the environment. Glue Laminated Timber products have a natural place in an ecologically circular society. Glue Laminated Timber has superior shock resistance and higher fire resistance than any other structural building material. Hence, its superior structural properties coupled with flexibility in aesthetic design will drive the demand for Glue Laminated Timber.
Glue Laminated Timber can be easily folded so it can be easily used anywhere in the roof structure. It is made of many layers of wood so they can be placed at different angles, but the price of Glue Laminated Timber is always higher than regular wood, which is expensive to produce. Glue Laminated Timber is often chosen for its appearance rather than steel or concrete, and is generally considered to impart a warm and cozy feel to a building. However, the high price of Glue Laminated Timber is expected to hinder the market growth.
Competition Landscape:
Technology launches, acquisitions, and R&D activities are the key strategies employed by the glue-laminated lumber market players. The key players in the top 10 companies in the Glue Laminated Timber market are Structurlam Products Ltd, Setra Group AB, Canfor, Schilliger Holz AG, Binderholz GmbH, Calvert Co., Inc., Meiken Lamwood Corp, Eugen Decker Holez Industrie Kg and Pfeifer Holding GmbH . In December 2019, Binderholz completed the construction of a new cross-laminated timber plant at the company’s factory in Burgbernheim. It significantly increases the annual production capacity of the lumber giant. In February 2019, Canada’s Canfor Corporation acquired a majority stake in Swedish wood products supplier Vida Group, holding a 70% stake. Swedish group Vida is now majority-owned by Canadian forest group Canfor Corporation.
Segmentation of Glue Laminated Timber:
Glue Laminated Timber market is segmented by product into Floor & Roof Beams, Replacement, Home Frames, Window & Door Header, Support Posts, Spine & Curved Beams and Others
Flooring and roofing has been the main application for the glue-laminated lumber market in 2020, followed by house framing. Glue-laminated lumber is ideal for residential and commercial construction as demand for new infrastructure construction is increasing. Glued Glue Laminated Timber has a good strength-to-weight ratio compared to other Glue Laminated Timbers, while having excellent load-carrying capacity. Due to its high durability and excellent humidity and chlorine content, Glue Laminated Timber offers a durable low maintenance solution that increases its demand for floors and roofs, house framing and other building infrastructure.
The Glue Laminated Timber market is segmented by end-use industry into Building & Construction (Residential, Commercial, Others), Construction, and Others.
Building and Construction dominates the glue-laminated lumber market in 2020, accounting for 6%, as Glue Laminated Timber construction has higher strength and stiffness than gauge lumber and is stronger than steel by pound. Glue-laminated lumber is used in large curved or arched members to build vaulted roofs, domes and even bridges. Wooden lumber is highly durable and moisture resistant, capable of producing large blocks and unique shapes. It has load bearing capacity, so it is used in green building materials, which increases the demand for Glue Laminated Timber.
According to the International Finance Corporation (IFC), India’s green building industry is expected to generate $1.4 trillion in revenue by 2030, with the residential sector worth $1.25 trillion and the commercial sector worth $228 billion. The World Green Building Council estimates that green buildings can generate high returns, with additional costs increasing by 0.5% to 12%, and operating costs as high as 37%. Hence, the growth in green building construction is expected to influence the growth of the glue-laminated lumber market.
Glue Laminated Timber Market: Regional Analysis:
The Glue Laminated Timber market is segmented geographically into North America, Europe, Asia Pacific, South America, and Rest of the World. Europe is one of the major regions for Glue Laminated Timber, accounting for the majority of the global market share. Austria, Finland and Germany are the main producers in the region. Germany and Italy together account for around 60% of European industrial revenue due to the high acceptance and increasing use of wood as a building material. Austria is a rich source of softwood spruce and pine and is the world’s largest producer of glue-laminated lumber. Asia Pacific is also likely to witness significant growth in the coming years. The growing market demand for stylish and luxury condominiums is expected to have a positive impact on the industry. Manufacturers are increasingly inclined to move their manufacturing facilities to China and Australia, which could also boost its growth. The Asia Pacific region is expected to offer huge business growth opportunities. Increasing use of glue-laminated timber in Japan and other Asian countries is expected to drive industry demand over the forecast period.
Cagr: 5.1%
Largest share area: Europe
Largest share country: Austria, Finland and Germany
Product Type (by product): Floor and roof beams, replacements, home framing, door and window headers, support columns, spine and curved beams
Application: Building, Construction and Other
Leading Companies: Structurlam Products Ltd, Setra Group AB, Canfor, Schilliger Holz AG, Binderholz GmbH, Calvert Co.