Product ID: SQMIG15P2014
Global Cross Laminated Timber Market Size, Share, Growth Analysis, By Type(Adhesive bonded, mechanically fastened), By Application(Residential, Non-residential), By End Use(Structural, Non-structural) - Industry Forecast 2024-2031
Report ID:
SQMIG15P2014 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
88 |
Figures:
76
Global Cross Laminated Timber Market Dynamics
Cross Laminated Timber Market Drivers
Rapid Urbanization to Bolster Demand for Cross laminated timber in Global Market
- The increasing urban population is indirectly driving the market for cross-laminated timber. There is a population shift from rural to urban areas in the Asia Pacific region hence, demanding infrastructure development in this region.
- The increase in living standards is likely to lead to increased demand for products for construction such as prefabricated construction; this is expected to propel the demand for cross-laminated timber, as it is an easy to build material with many advantages, that it is renewable, sustainable, lighter, faster, and has other advantages similar to those of concrete.
Cross Laminated Timber Market Restraints
Expensive Raw Materials to Hinder Market Growth
- CLT is expensive than steel or concrete buildings, for all the restrictions on height. The shortage of skilled professionals is a major impediment to market growth in the timber construction industry.
- This is likely to be due to the lack of training in this field among architects and planners. The CLT industry is facing restrictions in the use of structures in high rise multifamily housing due to design complexion.
Global Cross Laminated Timber Market Report Snapshots
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