Glue Laminated Timber Market: Leading Regions and Market Trends
Geographical Segmentation and Growth Analysis
The glue laminated timber market is set to post an incremental growth of $ 1.12 bn, accelerating at a CAGR of over 5.24% during the forecast period. Our market investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios.
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Glue Laminated Timber Market: Europe to lead market growth during the forecast period
Glue Laminated Timber Market: Vendor Landscape
Some of the leading vendors in this market are Binderholz GmbH, Boise Cascade Co., Calvert Co. Inc., Canfor Corp., HASSLACHER Holding GmbH, Mayr-Melnhof Holz Holding AG, Pfeifer Holding GmbH, Setra Group AB, Stora Enso Oyj, and Structurlam Mass Timber Corp.. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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The report provides insights into the following FAQs:
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Glue Laminated Timber Market Size to Grow by $ 1.57 bn through 2020-2024
Technavio research projects the glue laminated timber market to grow by $ 1.57 bn, accelerating at a CAGR of over 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Glue Laminated Timber Market: Key Market Driver
One of the primary factors that will trigger the growth of the glue laminated timber market size is growth in real estate and construction industry. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Glue Laminated Timber Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Binderholz GmbH, Boise Cascade Co., Calvert Co. Inc., Canfor Corp., HASSLACHER Holding GmbH, Mayr-Melnhof Holz Holding AG, Pfeifer Holding GmbH, Setra Group AB, Stora Enso Oyj, and Structurlam Mass Timber Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the global Glue Laminated Timber Market and it is expected to grow by USD 1.57 billion accelerating at a CAGR of over 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Glue Laminated Timber Market: Growth in real estate and construction industry to drive growth
The growth of the real estate industry due to urbanization has led to increased demand for glue laminated timber, which is widely used in construction and structural applications. Glue laminated timber is widely used in interior as well as exterior construction and finishing. Glulam is widely used in the construction industry in framing, decking, flooring, and roofing applications. Versatile applications and increasing use of sustainable and eco-friendly building materials make glue laminated timber the preferred option in the construction industry.
Wood suppliers and vendors are increasingly giving importance to their social and environmental responsibility by creating business models based on sustainable management of forest and plantation resources. Companies such as Boise Cascade, Canfor, and STORA ENSO have proprietary forest and plantation areas for procuring raw materials needed for manufacturing glue laminated timber products. Suppliers are also investing heavily to improve forest health and develop infrastructure among local communities. The plantations provide employment opportunities to the members of the neighboring communities and offer low-cost production and self-sufficiency to the glue laminated timber industry. These plantations also absorb carbon dioxide and help in preventing soil erosion. The growing focus on forestry management and creating sustainable business models by vendors in developing countries such as China and Indonesia will increase in the supply of softwood and hardwood ,which are the key raw materials for glue laminated timber.
Glue Laminated Timber Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Binderholz GmbH, Boise Cascade Co., Calvert Co. Inc., Canfor Corp., HASSLACHER Holding GmbH, Mayr-Melnhof Holz Holding AG, Pfeifer Holding GmbH, Setra Group AB, Stora Enso Oyj, and Structurlam Mass Timber Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
