Stratview Research has recently published a report on the Cross Laminated Timber Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028

Cross Laminated Timber Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Cross Laminated Timber Market  was estimated to grow from USD 1.17 billion in 2021 to USD 2.99 billion in 2028 at a CAGR of 14.17% during the forecast period.

Some of the companies drives the market growth:

• Stora Enso
• KLH
• Binderholz
• Mayr Melnhof
• Hasslacher
• XLam Limited
• Sterling Lumber
• Shilliger Holz AG
• Eugen Decker Holzindustrie KG
• Structurlam
• Smartlam
• Meiken Lamwood Corp.

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Regional Analysis

North America is estimated to rule the market for cross laminated timber during the forecast period. The popularity of cross laminated timbers in the North American region is increasing rapidly. Besides, a growing number of tall wooden structures are being established in the region, thus propelling regional production and demand. Growing demand for mass timber in construction will boost the regional growth. Europe and Asia-Pacific are expected to offer appreciable growth opportunities during the forecast period.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

COVID-19 IMPACT

COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.

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