According to IMARC Group’s latest report, titled “Glue-Laminated Timber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, the global glue-laminated timber market size reached a value of US$ 4.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2027, exhibiting a CAGR of 3% during 2022-2027.
Glue-laminated timber or glulam is a structurally engineered wood product made by bonding several individual pieces of timber together with resilient, moisture-resistant structural adhesives. The lumber used to manufacture glulam is of a specific grade and is purchased directly from lumber mills. It is produced through the processes of drying, gluing, inspection, sawing, and lining. Glulam is a versatile material that offers high resistance and stiffness in a corrosive environment and provides thermal insulation. Nowadays, it is widely available in a wide range of sizes and colors. As a result, it finds application in household framing, industrial construction, and architecture across residential and commercial projects.
COVID-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get a Free Sample Copy of this Report: https://www.imarcgroup.com/glue-laminated-timber-market/requestsample
Glue-Laminated Timber Market Trends:
The market is primarily driven by the significant growth of the building and construction industry. Constructors and homeowners use glulam due to its chemical resistance, durability, lightweight and economic nature. It is also ideal for constructing bridges, utility poles, and docks. In addition, the growing environmental consciousness among individuals is increasing the adoption of glulam for the construction of green buildings, thus providing a positive outlook for the market. Nowadays, the rising demand for wood-based buildings, such as single-family homes and multi-family apartments, is propelling the adoption of glulam as it is used to enhance the aesthetic appeal and design flexibility. Besides this, governing authorities are encouraging the utilization of wood-based products due to the growing sustainability concerns, which in turn is escalating the demand for glue-laminated timber.
Competitive Landscape With Key Players:
The competitive landscape of the glue-laminated timber market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Structural Wood Systems, Inc.
- Mayr-Melnhof Holz Holding AG
- EcoCurves BV
- Forest Timber Engineering Ltd
- Boise Cascade Company
Key Market Segmentation:
The report has segmented the glue-laminated timber market on the basis of end-use, application and region.
Breakup by End Use:
- Floor Beams
- Window and Door Header
- Trusses and Supporting Columns
- Roof Beams
- Others
Breakup by Application:
- New Construction
- Replacement
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/glue-laminated-timber-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
