Transparency Market Research in its new report titled, “Glue Laminated Timber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the glue laminated timber market. The TMR report states that high degree of engineering efficiency, superior structural performance, esthetic designs, and design flexibility are likely to boost the glue laminated timber market in the near future during the forecast period i.e, 2018-2026. However, easy deformation, cracking of wood, and high cost may hamper the glue laminated timber market, says the report.
The TMR report has segregated the global glue laminated timber market in terms of shape, end-use, application, and region. In accordance with shape, the glue laminated timber market is split into straight, cambered, and custom. Straight shapes are mostly used as columns, supports, and roof trusses. Curved shapes are primarily employed as ceiling and roof trusses. Custom shapes are used for special designs where attractive designs are needed. The straight segment holds major share of the market due to its wide variety. Based on end-use, the glue laminated timber market is divided into roof truss, support & columns, furniture, stairs, and ceiling structures. Under the furniture segment, glue laminated timber is used for making drawer panels, cabinet doors, armrest, coffee table, sofa, etc. The support & column end-use segment accounts for key share of the market owing to its wide use in residential and commercial applications.
Along the lines of application, the glue laminated timber market is divided into residential, commercial, and industrial. The residential segment is sub-segmented into detachable houses and multi-story building. The commercial application segment can be sub-segmented into sports halls & leisure buildings, public and administrative buildings, agriculture buildings, and others. Demand for glue laminated in wood-based homes is high in developed countries. Among all the applications, the residential segment is estimated to account for major share of the market, followed by the commercial segment, during the forecast period. The industrial segment is projected to expand at a sluggish pace due to the low usage.
From a geographical perspective, the global glue laminated timber market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The number of glue laminated timber made homes is rising at a significant rate in North America and Europe due to the ease of construction and esthetic looks. Asia Pacific is expected to be a lucrative region of the glue laminated timber market owing to the expansion of the construction sector in the region. Prominent companies operating in the global glue laminated timber market are profiled in this report to give a better competitive analysis and these include 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.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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