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Daily News / Global Trends / Market Analysis / Statistics / Wood construction / Wood Products / Europe / Global / North America
May 26, 2022

Global cross-laminated timber market expected to more than double in 5 years

Global cross-laminated timber market expected to more than double in 5 years
The global cross-laminated timber (CLT) market size was US$1.1 billion in 2021, and is projected to grow at a CAGR of 14.5% during the forecast period to reach $2.5bn by 2027.    Increased consumer demand for luxurious and modern residences is projected to lead to the growth of the market. The market is expected to grow due to the increased utilisation of CLT in residential applications such as ceilings, floors, and walls.    Europe is projected to dominate the market in terms of value and volume during the forecast ...

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