Cross Laminated Timber Market to Reap Over US$ 903.9 Mn in Revenues by End of 2026
Verfasser: yogesh on Tuesday, 5 March 2019The cross laminated timber market report by Persistence Market Research covers information about market trends, volume (cubic metre) and value (US$ Mn) projections, market dynamics and recent developments in the global cross laminated timber market for the study period 2018 to 2026.
Cross laminated timber is primarily utilized in the construction of commercial, single and multifamily housing and high rise buildings. Attributing to its high stiffness and in-plane and out-of-plane bearing capacity, it is utilized in the form of floor or wall panels. Its favorable environmental, aesthetic and energy properties further enhance the quality of the construction.
The global cross laminated timber market is estimated to have been valued at US$ 508.4 Mn by 2017 end and is expected to reach US$ 903.9 Mn by the end of 2026 while expanding at a CAGR of 6.6% over the forecast period. The global cross laminated timber market is anticipated to represent an incremental opportunity of US$ 360.2 Mn between 2018 and 2026.
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Increasing Demand for Timber Construction to Assist Sales of Cross Laminated Timber