Report ID: UCMIG20B2020
Report ID:
UCMIG20B2020 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The glulam market, also called the global glue laminated timber market, had a value of USD 4.76 billion in 2016 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% during the forecast period. The primary drivers of market growth are the increasing concerns regarding sustainability worldwide and the growing awareness among consumers regarding the benefits of wood as a construction material. Furthermore, the demand for wood-based construction is expected to rise due to the shift in consumer preference towards durable, thermally efficient, and lightweight building materials.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Building Products by segment aggregation, the contribution of the Building Products in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20B2020