Glue-Laminated Timber Market Introduction and Overview
According to SPER Market Research, the Global Glue-Laminated Timber Market is estimated to reach USD 4.43 billion by 2033 with a CAGR of 3.16%.
The report includes an in-depth analysis of the Global Glue-Laminated Timber Market, including market size and trends, product mix, applications, and supplier analysis. Glue-laminated timber or Glulam, is an engineered wood product that is widely utilized in architectural and construction applications. It is made by applying high-strength glue to separate layers of dimensioned timber, usually with all the layers' grains running parallel to one another. A robust and adaptable structural material with a variety of uses is produced by this method. Glulam has several benefits, including its long-term load-bearing capacity, resistance to warping and cracking, and span length. As the wood is sourced ethically, it is eco-friendly. It is a material that is frequently used for beams, columns, and arches in a range of construction projects, including residential, commercial, and industrial structures, due to its strength and versatility.
- August 2023; The purchase of Brockway-Smith Company (BROSCO®), a well-known wholesale distributor with a focus on doors and millwork, was agreed upon by Boise Cascade Company.
- June 2023; At the Leoben sawmill site, Mayr-Melnhof Holz Holding AG opened the first cross-laminated timber facility in history, complete with an automated high-bay storage for sawn timber and an upstream re-sorting and planning plant. The plant was authorized by PEFC.
Market Opportunities and Challenges
Opportunities- The demand for glue-laminated wood in various building projects is driven by the environmentally mindful strategy. The growing emphasis on sustainability and environmental consciousness in the building sector is one of the main drivers driving the expansion of the worldwide glue-laminated wood business. Glue-laminated wood is a popular choice in construction because of its remarkable structural qualities. Its strength-to-weight ratio is higher than that of many conventional construction materials, making it suitable for effective load carrying. This flexibility is essential for meeting a wide range of architectural needs in conventional, modern, or custom-building designs. In addition to ensuring occupant safety, adhering to building rules encourages the use of glue-laminated wood as a dependable building material, which accelerates the product's market expansion.
Challenges- Glulam is rivalled by other building materials such as steel, concrete, and engineered wood products. Its success depends on effectively articulating the market's benefits over these substitutes. It is probable that certain segments of the construction industry are unaware of all the benefits and applications of glulam. Although glulam can be a cost-effective material in many instances, it may have issues competing with traditional materials like steel and concrete, which have established production and supply networks. Therefore, glue-laminated timber's risks and high cost might reduce acceptance rates. The shrinkage and fracturing of glulam component layers due to moisture loss can compromise the material's structural integrity and possibly cause structural collapse.
Market Competitive Landscape
The Glue-laminated timber market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies are concentrating on several crucial business tactics, including joint ventures, partnerships, and acquisitions to raise their individual market shares. Leading companies in the industry are EcoCurves BV, Structural Wood Systems Inc, Forest Timber Engineering Ltd, Mayr-Melnhof Holz Holding AG, and Boise Cascade Company.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Glue Type, By Lamination Configuration, By Application.
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe.
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| Companies Covered | 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.
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COVID-19 Impact on Global Glue-Laminated Timber Market
The epidemic caused delays in projects and slowdowns in the building sector. In certain areas, construction sites had temporary closures or reduced capacity, which influenced demand. The pandemic brought about modifications in the choices and actions of consumers. While there may have been a rise in demand for residential development, there was a fall in interest for some commercial and office building projects. It is expected that the decline of COVID-19 cases and the adoption of new tactics by both public and private sectors would propel the growth of the glue laminated wood sector in the years to come.
Key Target Audience:
- Construction Companies and Contractors
- Architects and Designers
- Real Estate Developers
- Wood Product Manufacturers
- Government Bodies and Regulatory Agencies
- Investors and Venture Capitalists
- Distributors and Suppliers
Our in-depth analysis of the Glue-Laminated Timber Market includes the following segments:
| By Product Type: | Straight BeamsCurved BeamsArch BeamsColumnsTrussesOthers |
| By Glue Type: | Solo Phenol Formaldehyde (PF)Melamine Urea Formaldehyde (MUF)Polyurethane (PUR)EpoxyOthers |
| By Lamination Configuration: | Horizontal LaminationVertical LaminationDiagonal Lamination |
| By Application: | Residential ConstructionCommercial ConstructionIndustrial ConstructionBridges and InfrastructureOthers |
Key Topics Covered in the Report:
- Global Glue-Laminated Timber Market Size (FY’2024-FY’2033)
- Overview of Global Glue-Laminated Timber Market
- Segmentation of Global Glue-Laminated Timber Market by Product Type (Straight Beams, Curved Beams, Arch Beams, Columns, Trusses, Others)
- Segmentation of Global Glue-Laminated Timber Market by Glue Type {(Phenol Formaldehyde (PF), Melamine Urea Formaldehyde (MUF), Polyurethane (PUR), Epoxy, Others)}
- Segmentation of Global Glue-Laminated Timber Market by Lamination Configuration (Horizontal Lamination, Vertical Lamination, Diagonal Lamination)
- Segmentation of Global Glue-Laminated Timber Market by Application (Residential Construction, Commercial Construction, Industrial Construction, Bridges and Infrastructure, Others)
- Statistical Snap of Global Glue-Laminated Timber Market
- Expansion Analysis of Global Glue-Laminated Timber Market
- Problems and Obstacles in Global Glue-Laminated Timber Market
- Competitive Landscape in the Global Glue-Laminated Timber Market
- Impact of COVID-19 and Demonetization on Global Glue-Laminated Timber Market
- Details on Current Investment in Global Glue-Laminated Timber Market
- Competitive Analysis of Global Glue-Laminated Timber Market
- Prominent Players in the Global Glue-Laminated Timber Market
- SWOT Analysis of Global Glue-Laminated Timber Market
- Global Glue-Laminated Timber Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Glue-Laminated Timber Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Glue-Laminated Timber Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Glue-Laminated Timber Market
7. Global Glue-Laminated Timber Market, By Product Type (USD Million) 2020-2033
7.1. Global Glue-Laminated Timber Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. Global Glue-Laminated Timber Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Straight Beams
7.4. Curved Beams
7.5. Arch Beams
7.6. Columns
7.7. Trusses
7.8. Others
8. Global Glue-Laminated Timber Market, By Glue Type (USD Million) 2020-2033
8.1. Global Glue-Laminated Timber Market Size, Share and Forecast, By Glue Type, 2020-2026
8.2. Global Glue-Laminated Timber Market Size, Share and Forecast, By Glue Type, 2027-2033
8.3. Solo Phenol Formaldehyde (PF)
8.4. Melamine Urea Formaldehyde (MUF)
8.5. Polyurethane (PUR)
8.6. Epoxy
8.7. Others
9. Global Glue-Laminated Timber Market, By Lamination Configuration (USD Million) 2020-2033
9.1. Global Glue-Laminated Timber Market Size, Share and Forecast, By Lamination Configuration, 2020-2026
9.2. Global Glue-Laminated Timber Market Size, Share and Forecast, By Lamination Configuration, 2027-2033
9.3. Horizontal Lamination
9.4. Vertical Lamination
9.5. Diagonal Lamination
10. Global Glue-Laminated Timber Market, By Application (USD Million) 2020-2033
10.1. Global Glue-Laminated Timber Market Size, Share and Forecast, By Application, 2020-2026
10.2. Global Glue-Laminated Timber Market Size, Share and Forecast, By Application, 2027-2033
10.3. Residential Construction
10.4. Commercial Construction
10.5. Industrial Construction
10.6. Bridges and Infrastructure
10.7. Others
11. Global Glue-Laminated Timber Market, By Region, 2020-2033 (USD Million)
11.1. Global Glue-Laminated Timber Market Size and Market Share By Region (2020-2026)
11.2. Global Glue-Laminated Timber Market Size and Market Share By Region (2027-2033)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Qatar
11.5.4. South Africa
11.5.5. Egypt
11.5.6. Morocco
11.5.7. Nigeria
11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profile
12.1. EcoCurves BV
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Forest Timber Engineering Ltd
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Structural Wood Systems
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Mayr-Melnhof Holz Holding AG
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Boise Cascade Company
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Setra Group AB
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Pfeifer Holding GmbH
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Confor Corporation
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Calvert Company Inc
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Sturcturlam
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
