European Cross Laminated Timber Market 2019, Industry Report, Opportunities & Forecast till 2024


Posted December 13, 2019 by ivosmith98

The European cross-laminated timber market has witnessed a healthy growth over the past few years.

 
Cross-laminated timber, also known as mass timber, is a prefabricated engineered wood product which consists of several layers of dried lumber boards stacked in alternating directions. It is easier to assemble and more fire resistant, sustainable, and cost effective than conventional building materials. Since its invention, cross-laminated timber has been widely used in the construction sector for various household and industrial applications. According to the latest report by IMARC Group, the European CLT market reached a production volume of around 756,592 Cubic Metres, exhibiting a CAGR of 10.7% during 2011-2018.

For more information about this report visit: https://www.imarcgroup.com/european-cross-laminated-timber-market

European Cross-Laminated Timber Market Drivers/Constraints:

Cross-laminated timber consists of multi layers of stacked lumber boards bonded with structural adhesive which are easy to install and have superior seismic, fire and thermal performance, design flexibility, structural stability, rigidity, etc. These factors have facilitated the use of cross-laminated timber for various construction applications.

Since carbon is stored within the solid timber panels, cross laminated timber is being used in constructing buildings in lieu of traditional building material so as to reduce the CO2 emission. This acts as another factor driving the demand for cross-laminated timber in Europe.

The support provided by the governments of various European countries for the adoption of green building materials has provided a positive thrust to the cross-laminated timber market in the region.

The strict rules and regulations regarding the manufacturing and use of cross laminated timber restricts its adoption by the end-users. Some of the other factors affecting the market growth are high maintenance costs, poor acoustic performance and the stringent transportation regulations in many countries.

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Issued By Ivo Smith
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Categories Business , Construction
Tags business intelligence , cross laminated timber market , european clt , market research
Last Updated December 13, 2019