Dublin, Sept. 09, 2020 (GLOBE NEWSWIRE) -- The "Cross Laminated Timber (CLT) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 7th edition of this report. The 283-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Cross Laminated Timber (CLT) Market to Reach $2.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Cross Laminated Timber (CLT) estimated at US$992.4 Million in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 13.9% over the period 2020-2027.
Adhesive bonded CLT, one of the segments analyzed in the report, is projected to record 14.8% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mechanically Fastened CLT segment is readjusted to a revised 12.4% CAGR for the next 7-year period.
The U. S. Market is Estimated at $267.4 Million, While China is Forecast to Grow at 18.3% CAGR
The Cross Laminated Timber (CLT) market in the U. S. is estimated at US$267.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$560.6 Million by the year 2027 trailing a CAGR of 18.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.8% and 12.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.
Competitors identified in this market include, among others:
- Binderholz GmbH Timber Industry
- HASSLACHER Holding GmbH
- KLH Massivholz GmbH
- Mayr-Melnhof Holz Holding AG
- Stora Enso Oyj
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Cross Laminated Timber (CLT) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/t8u888
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