Market Study Report recently added a new title on 2020-2027 Global Glue Laminated Timber Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2027.
Global Glue laminated timber Market size to reach USD 8 billion by 2027 and is valued approximately USD 5.48 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2020-2027.
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Glue laminated timber is mainly know as glulam which is made up of multiple layers of wood lumber bonded together with high strength in the form on single unit, these are versatile and innovative construction material used widely in commercial as well as residential projects it is made up of wood but is machined and assembled to precise specification to create predictable, dimensionally and stable building material. increase in demand of wood based construction materials with regard to their many numerous benefits such as high durability and thermal performance and chemical resistance while construction of an infrastructures as well as hit in consumer preference with regard to wood based construction owing to its durability, high thermal performance and light weight is expected to derive the market growth in the forecasted period.
Major Glue Laminated Timber Market player included in this report are:
- Boise Cascade Co.
- Calvert Company Inc.
- Pfeifer Holz GmbH
- Canfor Corporation
- Setra Group AB
- Schilliger Holz AG
- Mayr-Melnhof Holz Holding AG
- Binderholz GmbH.
According to the report of European Union, considering the rising population growth some countries such as Sweden use 84%, Germany uses 20% of instant materials in constructing houses which is mainly consist of wooden structures, also around 6 lakh new houses in Sweden and around 3 lakh new houses in Germany are to be construct by 2025 However, due to the rising demand of huge textures and designs of wood main restrains the market. The increase in care to maintain good quality of infrastructure which is durable and a great long life is likely to increase the market growth during the forecast period.
The regional analysis of global Glue laminated timber Market size is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the government regulations and use glue laminate as building material for commercial development as well as residential development with the good quality of wood used during the construction services coupled with the well-established infrastructure. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as would create lucrative growth prospects for the Glue laminated timber Market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- North America
- Asia Pacific
- Latin America
- Rest of the World
For More Details on Glue Laminated Timber Market Report at: https://www.marketstudyreport.com/reports/global-glue-laminated-timber-market-size-research?utm_source=Marketwatch.com/&utm_medium=SP
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