The global Cross Laminated Timber Market size is expected to be reached at USD 3.06 billion by 2025.
Major Competitors in the market are Stora Enso, Lignotrend, Mayr-Melnhof Holz, Binderholz, ZUBLIN Timber Construction, KLH Massivholz, XLam Dolomiti, Hasslacher Norica, MHM Abbund-Zentrum, Eugen Decker, W. u. J. Derix, Schilliger Holz and Structurlam.
Nov 2020- Stora Enso has announced that they have received the necessary approval to produce and deliver CLT panels to the United States, in accordance with the International Building Code. The CLT panels will be manufactured in its biggest mill, in Ybbs in Austria, Central Europe. Stora Enso plans to get the same certificate for this mill in order to produce for the US market as well. The CLT panels can be produced with a width of up to 9.68 feet (2.95 meters) and a length of up to 52.5 feet (16 meters).
Lignotrend has been producing its tried and tested acoustic panels Ligno Akustik light with an adequate visible surface upon request. In the event of a fire, harmless fire retardants in the wood delay the spread of the fire. So that this wood treatment remains invisible and the noble real wood surfaces of the Lignotrend acoustic panels do not change color, Lignotrend is now using a new boron-free water-based impregnation solution.
Jan 2020-Mayr Melnhof Holz Holding AG is starting 2020 with a major investment of around 130 million euros and is building a modern cross-laminated timber production facility in Leoben. With this largest investment in the history of the group of companies, the Mayr Melnhof Holz Group is consistently continuing its growth strategy, accelerating its forward integration and underlining its position as one of the leading wood industries in Europe.
Binderholz Oct 2020 – build a new construction of the office building Orsman Road 6, Hackney in UK. This modern office building enjoys a prime location in the Hackney area of London, right at the Regent's Canal. The new building is an excellent example of the high execution quality and the advantages of a hybrid construction. The building core consists of 900 m³ binderholz CLT BBS, and steel profiles were used for the interior structure.
Market segmented by type of product Adhesive Bonded and Mechanically Fastened. By application it has segmented into Residential, Commercial, Industrial and Institutional. By region it has North America, Europe, Asia-Pacific and Row. Among these North America and Europe will have significant share in cross-laminated timber market owing to a mature construction industry coupled with escalating green construction activities for residential as well as commercial projects. Middle East and Africa will have substantial market growth rate due to rapid commercial and institutional infrastructure development in the region.