Glue Laminated Timber Market Research Report, By Application (Residential, Commercial, Others) and Region — Global Forecast till 2023
Market Synopsis: Global Glue Laminated Timber Market
Rapid growth in residential and non-residential projects in the Asia-Pacific and Middle Eastern region is anticipated to drive demand for glue laminated timber (glulam). The products visual appeal, high strength, and durability is projected to positively influence market growth over the coming years. The global glue laminated timber market is expected to witness a CAGR of around 5.5% from 2018 to 2023. Water-proof adhesives used in the manufacture of glue laminated timber extends its usage to exposed applications such as utility poles, docks, bridges. The products strength, durability, and design flexibility are expected to foster applications in infrastructure development and new construction projects.
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Global Glue Laminated Timber Market: Regional Analysis
The global glue laminated timber market has been segmented region-wise that includes North America, Europe, Asia-Pacific, and Rest of the world (RoW). The demand for glulam in Asia Pacific is projected to grow at a high CAGR on account of favorable policies for infrastructure and housing development. The product offers exceptional design flexibility; therefore, it can be used in various projects such as warehouse roof, beams, and highway bridges. Easy financing options available for private housing and commercial buildings is projected to ease growth of the construction sector, thereby, positively influencing the demand for glue laminated timber in Asia-Pacific.
Preference and accreditations given for construction of green buildings is also anticipated to propel demand for glulam. Glue laminated timber can be manufactured from a wide variety of small trees that are harvested from second or third growth plantations and forests. This reduces dependability on large growth-dependent timber. The aesthetic appeal and environment-friendliness of glue laminated timber is expected to boost market demand in the North American and European region.
Increasing number of new construction projects in the Middle East & South American region is also anticipated to favor market growth. Saudi Arabia, Egypt, UAE, and Kuwait are some of the largest spenders in the construction industry. Extensive investments in the upgradation of rail, port, and airport facilities coupled with development of healthcare and leisure establishments is anticipated to augment market growth.
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Global Glue Laminated Timber Market: Segmentation
The global glue laminated timber market has been segmented on the basis of application into commercial, residential, and others. The residential segment was estimated to occupy the largest share in 2017 and is also projected to grow at a high CAGR over the forecast period. Increasing repair & renovation activities coupled with the growing spending on interior designing solutions is projected to augment demand for glulam over the coming years. Investments in developing affordable housing solutions is also anticipated to boost market growth.
The commercial segment is projected to occupy the second largest share in the market. Extensive usage of glulams in office buildings, hotels, bridges, gymnasium, public & government buildings, hospitals, airports, and recreational facilities is expected to increase product demand. Some of the factors responsible for the high demand for glulam are its economical cost, stiffness, and strength as compared to other lumber products. The use of moisture resistant adhesives while manufacturing glue laminated timber makes it a preferred choice in beams, curved members, and architecture that requires structural sturdiness.
Key players include Boise Cascade Co., Pfeifer Holz GmbH, Setra Group AB, Canfor Corporation, Calvert Company Inc., Binderholz GmbH., Mayr-Melnhof Holz Holding AG, Schilliger Holz AG, Structurlam, and Hasslacher Holding GmbH. The presence of a large number of small and large companies operating in the glue laminated timber market is projected to increase competitive rivalry in the market place. Competitive pricing, technological advancements, new product developments, and expansions are some of the strategic initiatives taken up by key manufacturers.
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The latest trending report Global Glue Laminated Timber Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Glue Laminated Timber market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.5% in the forecast period of 2020 to 2025 and will expected to reach USD 5243.6 million by 2025, from USD 4394.2 million in 2019.The Glue Laminated Timber market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/36254-glue-laminated-timber-market-analysis-reportThe major players covered in Glue Laminated Timber are: Boise Cascade Mayr-Melnhof Holz Holding Canfor Calvert Structurlam Pfeifer Holz B & K Structures Schilliger Holz Setra Group Binderholz Eugen Decker Holzindustrie Meiken LamwoodBy Type, Glue Laminated Timber market has been segmented into Hardwood Plywood Coniferous PlywoodBy Application, Glue Laminated Timber has been segmented into: Residential Commercial OthersThe report offers in-depth assessment of the growth and other aspects of the Glue Laminated Timber market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Glue Laminated Timber Market @ https://www.decisiondatabases.com/contact/download-sample-36254The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Glue Laminated Timber product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Glue Laminated Timber, with price, sales, revenue and global market share of Glue Laminated Timber in 2018 and 2019.Chapter 3, the Glue Laminated Timber competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Glue Laminated Timber breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Glue Laminated Timber market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Glue Laminated Timber sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Glue Laminated Timber Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-36254Other Reports by DecisionDatabases.com:Global Cross Laminated Timber (CLT) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Timber Formwork Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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A New Research Report Added by Research Trades on Glue-Laminated Timber Market With Covid-19 Impact AnalysisThe worldwide market for Glue-Laminated Timber is expected to grow at a CAGR of roughly over the next five years, will reach million US$ in 2024, from million US$ in 2019, according to a new GIR (Global Info Research) study.This report focuses on the Glue-Laminated Timber in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
This report categorizes the market based on manufacturers, regions, type and application.Buy Now@ https://www.researchtrades.com/checkout/1667283Market Segment by Manufacturers, this report covers*Structural Wood Systems*Eco Curves*Forest Timber Engineering Ltd*Boise CascadeMarket Segment by Regions, regional analysis covers*North America (United States, Canada and Mexico)*Europe (Germany, France, UK, Russia and Italy)*Asia-Pacific (China, Japan, Korea, India and Southeast Asia)*South America (Brazil, Argentina, Colombia etc.
)*Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)*Market Segment by Type, covers: Monolayer, Multi-storey*Market Segment by Applications, can be divided into: Commercial Building, Civil Building, OthersThe content of the study subjects, includes a total of 15 chapters:*Chapter 1, to describe Glue-Laminated Timber product scope, market overview, market opportunities, market driving force and market risks.
*Chapter 2, to profile the top manufacturers of Glue-Laminated Timber, with price, sales, revenue and global market share of Glue-Laminated Timber in 2017 and 2018.
*Chapter 3, the Glue-Laminated Timber competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
*Chapter 4, the Glue-Laminated Timber breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
