Glue Laminated Timber Market Trends

Global Glue Laminated Timber Market size was valued at USD 7.44 Billion in 2023 and is poised to grow from USD 7.81 Billion in 2024 to USD 11.54 Billion by 2032, growing at a CAGR of 5.0% in the forecast period (2025-2032).

The competitive landscape of the global glue laminated timber industry is characterized by several key players looking to meet the growing demand for durable and high-performance building products. Leading companies such as Stora Enso, Binderholz GmbH, and Canfor Corporation are focusing on innovation, expanding their production capacities, and enhancing their distribution networks to maintain a competitive edge. These firms often emphasize environmentally friendly practices, leveraging the renewable nature of glulam to align with global sustainability goals. 'Binderholz GmbH', 'Canfor Corporation', 'Setra Group', 'Mayr-Melnhof Holz Holding AG', 'Stora Enso', 'Katerra Inc.', 'Hasslacher Norica Timber', 'Metsä Wood', 'Eugen Decker Holzindustrie KG', 'Pollmeier Massivholz GmbH & Co. KG', 'Boise Cascade Company', 'B&K Structures', 'Structurlam Mass Timber Corporation', 'KLH Massivholz GmbH', 'Pfeifer Group'

Glue laminated timbers are versatile and innovative construction materials used widely in commercial and residential projects. According to the National Development and Reform Commission (NDRC), China approved 26 infrastructure projects with a total expected investment of 981.7 billion yuan (USD 142 billion) in 2019. Many glulam timber structures have been constructed in China, including bridges, temples, gymnasiums, exhibition galleries, museums and other public buildings.

Increased Emphasis on Sustainability: The growing emphasis on sustainability and environmental consciousness in the building industry is one of the main drivers driving the expansion of the worldwide glue-laminated timber business. Since trees in sustainably managed forests are replanted as they are harvested, glue-laminated lumber comes from a sustainable and environmentally benign supply of raw materials.

The Asia-Pacific region dominated the market and accounted for the largest revenue share of 41.9% in 2024. The construction industry is rapidly growing, and manufacturers focus more on providing better glue-laminated timbers with enhanced quality. The rising emphasis on sustainable and environmentally friendly construction methods in the area led to a higher need for glue-laminated timber. Glulam became popular as a sustainable option due to its renewable and eco-friendly qualities. The enhanced convenience of building with glulam structures, especially in earthquake, flood, and disaster-prone regions, is anticipated to boost the use of glulam even more. The rise in demand for environmentally friendly and recyclable materials and Japan's increasing focus on sustainability are expected to boost the demand for the glue laminated timber market.