Glue-Laminated Timber Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Players and Future Investment Strategies Till 2033

Share

Glue-Laminated Timber Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Players and Future Investment Strategies Till 2033: SPER Market Research


 Category : Chemical & Materials

 Published: Oct-2024
 Author: SPER Analyst


Global Glue-Laminated Timber Market is projected to be worth USD 4.43 billion by 2033 and is anticipated to surge at a CAGR of 3.16%.

A structural material called glued laminated wood, or glulam, is created by joining separate wood pieces. This kind of wood may create enormous chunks and unusual forms when attached using industrial adhesives. It is also very resilient to moisture. One of the main benefits of using this kind of structural wood is that it can easily form arches or curves in beams or pillars. It may be used for cladding, panels, ceilings, staircases, and beams. Its range of tones is another intriguing aspect, given the variety of wood types that are accessible. For any kind of building, from commercial structures to residential projects, glulam wood is advised. It can also be used to structures situated in regions with climatic needs.

Global Glue-Laminated Timber Market Driving Factors and Challenges

Driving Factors- Glue laminated timbers are a creative and adaptable building material that is frequently employed in both residential and commercial projects. Bridges and other major public buildings are examples of structures with vast spans and large spaces that employ the heavy laminated wood framework. The glulam wood frame is the preferred option for building with green materials due to its superior structural shape and intimate, natural material. Furthermore, glue-laminated wood does not harm the environment. Producing glulam beams is an efficient process. The energy needed to convert a wood into a glue-laminated beam is minuscule compared to the energy needed to create steel or concrete. The market for glulam laminated timbers will increase as a result of its improved structural performance and adaptability in attractive design. 

Challenges- Other construction materials including steel, concrete, and engineered wood products are competitors of glulam. Successfully demonstrating the market's advantages over these alternatives is essential to its success. It is possible that certain sectors of the building sector are not fully aware of the advantages and uses of glulam. Although glulam can be a cost-effective material in many situations, it may have difficulties competing with traditional materials like steel and concrete, which have established production and supply systems. As a result, the hazards and expensive cost of glue-laminated timber may lower acceptance rates, which would further impede company expansion. In an increasingly competitive and expanding market climate, the Glue Laminated Timber business needs to provide affordable products to grow and thrive. 


Impact of COVID-19 on Global Glue-Laminated Timber Market 
The pandemic caused the countries to temporarily go into lockdown, which severely hampered the industry's and enterprises' operations. It caused a halt in all new building, and the export of glulam has ceased. Due to the shutdown, all glulam manufacturing was impacted. Since glulam is utilized in green construction materials, its use in the residential and commercial sectors was halted. As a result, all investments in green building were put on hold. Additionally, due to its large section, glued laminated timber structures are sometimes referred to as heavy wood-frame structures when contrasted with light wood frame structures made of tiny sectional dimension lumber and various types of planks.

Global Glue-Laminated Timber Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as EcoCurves BV, Forest Timber Engineering Ltd., Structural Wood Systems, Mayr-Melnhof Holz Holding AG, Boise Cascade Company, Setra Group AB, Pfeifer Holding GmbH, Confor Corporation, Calvert Company Inc, Sturcturlam.


Global Glue-Laminated Timber Market Segmentation:

By Product Type: Based on the Product Type, Global Glue-Laminated Timber Market is segmented as; Straight Beams, Curved Beams, Arch Beams, Columns, Trusses, Others.

By Glue-Type: Based on the Glue-Type, Global Glue-Laminated Timber Market is segmented as; Phenol Formaldehyde (PF), Melamine Urea Formaldehyde (MUF), Polyurethane (PUR), Epoxy, Others.

By Lamination Configuration: Based on the Lamination-Configuration, Global Glue-Laminated Timber Market is segmented as; Horizontal Lamination, Vertical Lamination, Diagonal Lamination.

By Application: Based on the Application, Global Glue-Laminated Timber Market is segmented as; Residential Construction, Commercial Construction, Industrial Construction, Bridges and Infrastructure, Others.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Microsoft
SPER-EY
SPER-McKinsey
SPER-Bain
SPER-Max-Healthcare
SPER-DHL
SPER-SIEMENS
SPER-IQVIA
SPER-Pfizer
SPER-LOREAL
SPER-Kankar IMRB
SPER-ITA
SPER-PWC
SPER-Sanofi
SPER-p&g
SPER-Johnson & Johnson
SPER-IPSOS
SPER-Heineken

SPER

Market Research

We are the leading, full-service global market research and consulting company.

Certificates
iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]

 +91-742-898-5650