Glue Laminated Timber Market Strategic Insights and Updates by 2031
The Glue Laminated Timber Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Shape (Straight, Cambered, and Custom). Based on Application report is segmented into (Residential, Commercial, and Industrial). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Glue Laminated Timber Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Glue Laminated Timber Market Segmentation
Shape- Straight
- Cambered
- Custom
- Residential
- Commercial
- Industrial
Strategic Insights
Glue Laminated Timber Market Growth Drivers- Increasing Focus on Sustainable Construction Materials: The growing demand for sustainable building practices leads to a rapid increase in the glue-laminated timber market. As environmental concerns rise, architects and builders are seeking materials with a lower carbon footprint. Glulam is a renewable alternative to conventional building materials like steel and concrete produced by bonding together a few layers of wood through adhesives.
- A Lightweight, Strong Solution for Innovative, Sustainable Architecture: In fact, beyond sustainability, the benefits of glulam extend to its lightweight but incredibly strong component, providing for some of the most creative and innovative architectural designs. This not only adds appeal to a vast array of uses-from small residential homes to commercial buildings but also serves well as the demand for LEED certification and other green standards grows.
- Government Policies and Sustainability: Besides, government policies toward using eco-friendly materials are still driving the market forward. Sustainable resource usage in construction is providing incentives, prompting more builders to use glulam. This positive trend is in line with efforts to address global climate change situations: glulam will play a vital role in shaping the face of more conscious eco-architecture in the near future.
- Cost-effectiveness of Glue Laminated Timber: The current trend driving growth in the glue laminated timber (glulam) market is cost-effectiveness. As construction budgets become tighter, builders are seeking materials that offer affordability along with durability. Glulam is attracting wide interest due to its cost-effectiveness and economical value combined with attributes that best describe engineered strength, thus being a very appealing option for many projects.
- Cost-Effective and Efficient Use of Wood in Construction: This means as much 'meat' of the wood is used in the glulam production process, thereby saving waste and costs. Since it is composed of smaller, less structurally sound pieces of wood, producers can produce beams of considerable strength that compete very favorably with solid wood equivalents. This cost-effective approach has helped both the builders and the forestry itself.
- Long-Term Economic Benefits: Other added advantages of glulam include long-term economic benefits. Its durability results in lesser maintenance and repair in the long run. As more contractors realize these financial benefits, demand for glulam is expected to increase, which could lead to further improvements and innovations in production techniques and applications.
- Rise in Renovation Activities: This continuous transformation in the market allows retrofitting of existing structures using glue-laminated timber, as well as aging cities, to upgrade and strengthen older structures. In many ways, it is light and strong, allowing an easy increase in the structural integrity without having to make drastic changes in the building.
- Glulam Enhances Sustainability and Energy Efficiency in Retrofitting: Most old buildings exhibit sustainability problems and energy inefficiency. Incorporating glulam into zones enhanced the sustainability issues associated with the retrofitted buildings, making them friendlier to the environment. The replacement of heavy materials with glulam decreases the overall weight and increases the value of energy efficiency, a benefit that could already be seen in modern sustainability goals.
- Government Initiatives Boost Glulam Demand in Infrastructure Renovation: In addition, government initiatives that encourage the reconstruction of worn-out infrastructure continue to drive the demand for Glulam in retrofitting applications. Today, most people care about the green use of material, and on this count, glulam is a viable choice. In aesthetics, it adds value to the space retrofitted and increases interest among owners and developers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Glue Laminated Timber Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Glue Laminated Timber Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Cost-effectiveness of Glue Laminated Timber is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the glue laminated timber market.
Based on shape, cambered, is expected to witness the fastest growth during the forecast period
Binderholz GmbH, Boise Cascade, Calvert Co., Inc. are some of the key players operating in the glue laminated timber market
Increasing Focus on Sustainable Construction Materials is driving the market growth
The Glue Laminated Timber Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Glue Laminated Timber Market - By Shape
1.3.2 Glue Laminated Timber Market - By Application
1.3.3 Glue Laminated Timber Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GLUE LAMINATED TIMBER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GLUE LAMINATED TIMBER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GLUE LAMINATED TIMBER MARKET - GLOBAL MARKET ANALYSIS
6.1. GLUE LAMINATED TIMBER - GLOBAL MARKET OVERVIEW
6.2. GLUE LAMINATED TIMBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. GLUE LAMINATED TIMBER MARKET - REVENUE AND FORECASTS TO 2028 - SHAPE
7.1. OVERVIEW
7.2. SHAPE MARKET FORECASTS AND ANALYSIS
7.3. STRAIGHT
7.3.1. Overview
7.3.2. Straight Market Forecast and Analysis
7.4. CAMBERED
7.4.1. Overview
7.4.2. Cambered Market Forecast and Analysis
7.5. CUSTOM
7.5.1. Overview
7.5.2. Custom Market Forecast and Analysis
8. GLUE LAMINATED TIMBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. GLUE LAMINATED TIMBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Glue Laminated Timber Market Overview
9.1.2 North America Glue Laminated Timber Market Forecasts and Analysis
9.1.3 North America Glue Laminated Timber Market Forecasts and Analysis - By Shape
9.1.4 North America Glue Laminated Timber Market Forecasts and Analysis - By Application
9.1.5 North America Glue Laminated Timber Market Forecasts and Analysis - By Countries
9.1.5.1 United States Glue Laminated Timber Market
9.1.5.1.1 United States Glue Laminated Timber Market by Shape
9.1.5.1.2 United States Glue Laminated Timber Market by Application
9.1.5.2 Canada Glue Laminated Timber Market
9.1.5.2.1 Canada Glue Laminated Timber Market by Shape
9.1.5.2.2 Canada Glue Laminated Timber Market by Application
9.1.5.3 Mexico Glue Laminated Timber Market
9.1.5.3.1 Mexico Glue Laminated Timber Market by Shape
9.1.5.3.2 Mexico Glue Laminated Timber Market by Application
9.2. EUROPE
9.2.1 Europe Glue Laminated Timber Market Overview
9.2.2 Europe Glue Laminated Timber Market Forecasts and Analysis
9.2.3 Europe Glue Laminated Timber Market Forecasts and Analysis - By Shape
9.2.4 Europe Glue Laminated Timber Market Forecasts and Analysis - By Application
9.2.5 Europe Glue Laminated Timber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Glue Laminated Timber Market
9.2.5.1.1 Germany Glue Laminated Timber Market by Shape
9.2.5.1.2 Germany Glue Laminated Timber Market by Application
9.2.5.2 France Glue Laminated Timber Market
9.2.5.2.1 France Glue Laminated Timber Market by Shape
9.2.5.2.2 France Glue Laminated Timber Market by Application
9.2.5.3 Italy Glue Laminated Timber Market
9.2.5.3.1 Italy Glue Laminated Timber Market by Shape
9.2.5.3.2 Italy Glue Laminated Timber Market by Application
9.2.5.4 United Kingdom Glue Laminated Timber Market
9.2.5.4.1 United Kingdom Glue Laminated Timber Market by Shape
9.2.5.4.2 United Kingdom Glue Laminated Timber Market by Application
9.2.5.5 Russia Glue Laminated Timber Market
9.2.5.5.1 Russia Glue Laminated Timber Market by Shape
9.2.5.5.2 Russia Glue Laminated Timber Market by Application
9.2.5.6 Rest of Europe Glue Laminated Timber Market
9.2.5.6.1 Rest of Europe Glue Laminated Timber Market by Shape
9.2.5.6.2 Rest of Europe Glue Laminated Timber Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Glue Laminated Timber Market Overview
9.3.2 Asia-Pacific Glue Laminated Timber Market Forecasts and Analysis
9.3.3 Asia-Pacific Glue Laminated Timber Market Forecasts and Analysis - By Shape
9.3.4 Asia-Pacific Glue Laminated Timber Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Glue Laminated Timber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Glue Laminated Timber Market
9.3.5.1.1 Australia Glue Laminated Timber Market by Shape
9.3.5.1.2 Australia Glue Laminated Timber Market by Application
9.3.5.2 China Glue Laminated Timber Market
9.3.5.2.1 China Glue Laminated Timber Market by Shape
9.3.5.2.2 China Glue Laminated Timber Market by Application
9.3.5.3 India Glue Laminated Timber Market
9.3.5.3.1 India Glue Laminated Timber Market by Shape
9.3.5.3.2 India Glue Laminated Timber Market by Application
9.3.5.4 Japan Glue Laminated Timber Market
9.3.5.4.1 Japan Glue Laminated Timber Market by Shape
9.3.5.4.2 Japan Glue Laminated Timber Market by Application
9.3.5.5 South Korea Glue Laminated Timber Market
9.3.5.5.1 South Korea Glue Laminated Timber Market by Shape
9.3.5.5.2 South Korea Glue Laminated Timber Market by Application
9.3.5.6 Rest of Asia-Pacific Glue Laminated Timber Market
9.3.5.6.1 Rest of Asia-Pacific Glue Laminated Timber Market by Shape
9.3.5.6.2 Rest of Asia-Pacific Glue Laminated Timber Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Glue Laminated Timber Market Overview
9.4.2 Middle East and Africa Glue Laminated Timber Market Forecasts and Analysis
9.4.3 Middle East and Africa Glue Laminated Timber Market Forecasts and Analysis - By Shape
9.4.4 Middle East and Africa Glue Laminated Timber Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Glue Laminated Timber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Glue Laminated Timber Market
9.4.5.1.1 South Africa Glue Laminated Timber Market by Shape
9.4.5.1.2 South Africa Glue Laminated Timber Market by Application
9.4.5.2 Saudi Arabia Glue Laminated Timber Market
9.4.5.2.1 Saudi Arabia Glue Laminated Timber Market by Shape
9.4.5.2.2 Saudi Arabia Glue Laminated Timber Market by Application
9.4.5.3 U.A.E Glue Laminated Timber Market
9.4.5.3.1 U.A.E Glue Laminated Timber Market by Shape
9.4.5.3.2 U.A.E Glue Laminated Timber Market by Application
9.4.5.4 Rest of Middle East and Africa Glue Laminated Timber Market
9.4.5.4.1 Rest of Middle East and Africa Glue Laminated Timber Market by Shape
9.4.5.4.2 Rest of Middle East and Africa Glue Laminated Timber Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Glue Laminated Timber Market Overview
9.5.2 South and Central America Glue Laminated Timber Market Forecasts and Analysis
9.5.3 South and Central America Glue Laminated Timber Market Forecasts and Analysis - By Shape
9.5.4 South and Central America Glue Laminated Timber Market Forecasts and Analysis - By Application
9.5.5 South and Central America Glue Laminated Timber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Glue Laminated Timber Market
9.5.5.1.1 Brazil Glue Laminated Timber Market by Shape
9.5.5.1.2 Brazil Glue Laminated Timber Market by Application
9.5.5.2 Argentina Glue Laminated Timber Market
9.5.5.2.1 Argentina Glue Laminated Timber Market by Shape
9.5.5.2.2 Argentina Glue Laminated Timber Market by Application
9.5.5.3 Rest of South and Central America Glue Laminated Timber Market
9.5.5.3.1 Rest of South and Central America Glue Laminated Timber Market by Shape
9.5.5.3.2 Rest of South and Central America Glue Laminated Timber Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GLUE LAMINATED TIMBER MARKET, KEY COMPANY PROFILES
11.1. BINDERHOLZ GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOISE CASCADE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CALVERT CO., INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CANFOR
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EUGEN DECKER
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GLULAM LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PFEIFER GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHILLIGER HOLZ AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SETRA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. STRUCTURLAM MASS TIMBER CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Binderholz GmbH
2. Boise Cascade
3. Calvert Co., Inc.
4. Canfor
5. Eugen Decker
6. Glulam Ltd
7. PFEIFER GROUP
8. Schilliger Holz AG
9. Setra
10. Structurlam Mass Timber Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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