Cross Laminated Timber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Cross Laminated Timber Industry Trends & Growth. The Market is segmented by Type (Adhesive bonded, and Mechanically fastened), Application (Residential, and Non-Residential), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). The report offers market size and forecasts for the cross-laminated timber in value (USD million) for all the segments.

Cross Laminated Timber Market Size

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Cross Laminated Timber Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Cross Laminated Timber Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Cross Laminated Timber Market Analysis

The market for cross-laminated timber is projected to register a CAGR of over 3% during the forecast period.

COVID-19 negatively impacted the market in 2020 since construction work and other activities were put on hold to curb the spreading of the virus. However, the market is projected to grow steadily, owing to increased construction activities in 2021.

  • Over the short term, the increasing demand from the residential sector and adaptability in flexible designs and stylish architecture are major factors driving the growth of the market studied.
  • However, the moisture-absorbing capacity of wood and the dearth of awareness among consumers are the key factors anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the development of advanced adhesives and resins is likely to create lucrative growth opportunities for the global market soon.
  • Europe dominates the cross-laminated timber market across the globe with the largest consumption from the United Kingdom and Germany.

Cross Laminated Timber Market Trends

This section covers the major market trends shaping the Cross Laminated Timber Market according to our research experts:

Increasing Demand from the Residential Sector

  • Cross-laminated timber is a structured wood panel made from glueing layers of solid-sawn lumber, usually oriented perpendicular to adjacent layers in a symmetric way which are used as load-bearing parts for building frames, such as walls, floors, and roofs. Cross-laminated timber is also used in façade cladding and interior lining.
  • It has been noted that the building and construction sector has shown tremendous growth in the past few years.
  • The residential sector dominated the use of cross-laminated timber in construction. Japan leads in the usage of cross-laminated timber globally, followed by Germany, the United Kingdom, Italy, and Canada.
  • Over the past few years, Japan has been witnessing a shift from concrete construction materials to sustainable alternatives like cross-laminated timber. This can be attributed to the rising environmental concerns coupled with the advantageous properties of cross-laminated timber which include lightweight, strength, durability, stability, design variety, enhanced insulation, and fire resistance.
  • According to the Japanese Ministry of Land, Infrastructure, Transport, and Tourism (MLIT), In 2021, wooden structures were the leading structures utilized for housing construction in Japan, with 502300 construction dwelling units built with timber structures when compared to 469300 units in 2020.
  • According to the US Census Bureau, the value of new private home construction reached USD 628.9 billion in 2020 and registered a growth rate of 23.4% when compared to USD 776.21 billion in 2021.
Cross Laminated Timber Market : Value of New Private Home Construction, in USD billion, United States, 2017-2021

Europe to Dominate the Market

  • Europe dominates the global market share. With the growing construction sector in countries such as the United Kingdom, Germany, Italy, and France, the utilization of cross-laminated timber is increasing in the region.
  • Since cross-laminated timber reduces the construction cost, time, and risk during earthquakes, the demand for cross-laminated timber has been increasing rapidly.
  • The largest producers of cross-laminated timber are located in Europe. Some leading companies in the production of cross-laminated timber are Binderholz GmbH, Pfeifer Group, Stora Enso, Mayr-Melnhof Holz, and HASSLACHER Holding GmbH.
  • According to the UK Housing Fit For Nature, about 1.5 million new houses made of timber are planned to be constructed by 2022.
  • More than 50,000 affordable homes will be built in Greater Manchester by 2038 under new plans to tackle the region's housing crisis creating a major scope for the cross-laminated timber market.
  • According to Statistisches Bundesamt, the number of building permits for residential buildings in Germany reached 129,000 in 2021 and registered growth when compared to 125,000 in 2020.
  • As per ISTAT, in Italy's residential buildings, the number of dwellings increased in the first quarter of 2022 when compared with the previous quarter at 4.0%.
  • According to Groupe BPCE, in 2022, there were over 180,000 residential buildings under construction in France destined for sale on the real estate market. During the same year, roughly 28,000 residential units were being constructed to offer subsidized rental housing for middle-income individuals or families. 
Cross Laminated Timber Market : Growth Rate by Region, 2020-2025

Cross Laminated Timber Industry Overview

The cross laminated timber market is fragmented in nature. The major players include Binderholz GmbH, PFEIFER GROUP, Stora Enso, Mayr-Melnhof Holz Holding AG, HASSLACHER Holding GmbH among others (not in any particular order).

Cross Laminated Timber Market Leaders

  1. Binderholz GmbH

  2. Stora Enso


  4. Mayr-Melnhof Holz Holding AG

  5. HASSLACHER Holding GmbH

*Disclaimer: Major Players sorted in no particular order

Cross Laminated Timber Market - market concentration.png
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Cross Laminated Timber Market News

In October 2022, Stora Enso inaugurated its new production site in Czechia, Europe, which produces cross-laminated timber (CLT) with an estimated annual production capacity of 120,000 m³. The company has strengthened its presence in the competitive market through expansion.

Cross Laminated Timber Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Residential Sector

      2. 4.1.2 Adaptability In Flexible Designs And Stylish Architecture

    2. 4.2 Restraints

      1. 4.2.1 Moisture Absorbing Capacity of Wood

      2. 4.2.2 Dearth of Awareness Among Consumers

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Type

      1. 5.1.1 Adhesive-bonded

      2. 5.1.2 Mechanically Fastened

    2. 5.2 Application

      1. 5.2.1 Residential

      2. 5.2.2 Non-Residential

        1. Commercial

        2. Industrial/Institutional

        3. Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Binderholz GmbH

      2. 6.4.2 Eugen Decker Holzindustrie KG

      3. 6.4.3 Hassalacher

      4. 6.4.4 KLH Massivholz GmbH

      5. 6.4.5 Mayr-Melnhof Holz Holding AG

      6. 6.4.6 PFEIFER GROUP

      7. 6.4.7 SCHILLIGER HOLZ AG

      8. 6.4.8 Stora Enso

      9. 6.4.9 Structurlam

      10. 6.4.10 Xlam

    5. *List Not Exhaustive

    1. 7.1 Development of Advanced Adhesives and Resins

    2. 7.2 Other Opportunities

**Subject to Availability
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Cross Laminated Timber Industry Segmentation

Cross-laminated timber consists of planks of sawn, glued, and layered wood, where each layer is oriented perpendicular to the previous. By joining layers of wood at perpendicular angles, structural rigidity for the panel is obtained in both directions, similar to plywood but with thicker components. The cross-laminated timber market is segmented by type, application, and geography. By type, the market is segmented into adhesive bonded and mechanically fastened. By application, the market is segmented into residential and non-residential. The report also covers the market size and forecasts for the cross-laminated timber market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Mechanically Fastened
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Cross Laminated Timber Market Research FAQs

The Cross Laminated Timber Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Binderholz GmbH, Stora Enso, PFEIFER GROUP, Mayr-Melnhof Holz Holding AG and HASSLACHER Holding GmbH are the major companies operating in the Cross Laminated Timber Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Cross Laminated Timber Market.

The report covers the Cross Laminated Timber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cross Laminated Timber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Cross Laminated Timber Industry Report

Statistics for the 2024 Cross Laminated Timber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cross Laminated Timber analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Cross Laminated Timber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)