European Cross Laminated Timber Market Share, Size, Growth Trends And Forecast 2018-2023

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    European Cross-Laminated Timber Market
Boosted by its Structural Stability and Design
Flexibility

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Report Description and Highlights
Report Description
European Cross-Laminated Timber Market Boosted by
its Structural Stability and Design
Flexibility The European cross laminated timber
market has grown at a double digit rate as a
result ofchanges in building codes, consistent
marketing efforts as well as developed
distribution channels. Cross-laminated timber,
also known as mass timber, is a prefabricated
engineered wood product which consists of several
layers of dried lumber boards stacked in
alternating directions. It is easier to assemble
and more fire resistant, sustainable, and cost
effective than conventional building materials.
Since its invention, cross-laminated timber has
been widely used in the construction sector for
various household and industrial applications. A
new research report by IMARC Group,
titled European Cross-Laminated Timber Market
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023, estimates that the
market was around US 494 Million in 2017. The
report further anticipates the market to reach
US 1,112 Million by 2023, at a projected CAGR of
nearly 15 over the forecast period.
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Report Description and Highlights
Report Description

• European Cross-Laminated Timber Market
  Drivers/Constraints
• Cross-laminated timber consists of multi layers
  of stacked lumber boards bonded with structural
  adhesive which are easy to install and have
  superior seismic, fire and thermal performance,
  design flexibility, structural stability,
  rigidity, etc. These factors have facilitated the
  use of cross-laminated timber for various
  construction applications.
• Since carbon is stored within the solid timber
  panels, cross laminated timber is being used in
  constructing buildings in lieu of traditional
  building material so as to reduce the
  CO2 emission. This acts as another factor driving
  the demand for cross-laminated timber in Europe.
• The support provided by the governments of
  various European countries for the adoption of
  green building materials has provided a positive
  thrust to the cross-laminated timber market in
  the region.
• The strict rules and regulations regarding the
  manufacturing and use of cross laminated timber
  restricts its adoption by the end-users. Some of
  the other factors affecting the market growth are
  high maintenance costs, poor acoustic performance
  and the stringent transportation regulations in
  many countries.
• Read full report_at_ https//www.imarcgroup.com/europ
  ean-cross-laminated-timber-market

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Report Description and Highlights
Report Description
Application Insights Based on application, the
market has been segmented into educational
institutes, residential, commercial spaces, and
government and public buildings. Currently, the
residential segment represents the largest
application area as the demand for residential
buildings including single-family homes,
multifamily apartments, etc. is growing in the
region. Regional Insights On a geographical
front, Austria is the leading region, holding the
majority of the total share on account of the
green building movement, better efficiencies,
product approvals, and improved marketing and
distribution channels. Other major regions
include Germany, Italy, Switzerland, Czech
Republic, Spain, Norway, Sweden and the United
Kingdom.   Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
754flagB  
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Report Description and Highlights
Report Description

• Competitive Landscape
• The market is concentrated in nature with the
  presence of a small number of manufacturers which
  limits the degree of competition in the market.
  The leading players operating in the market are
• Stora Enso
• KLH
• Binderholz
• Mayr Melnhof
• Hasslacher
• Browse more related reports
• Glue-Laminated Timber Market https//www.imarcgro
  up.com/glue-laminated-timber-market
• North America Cross-Laminated Timber Market
  https//www.imarcgroup.com/north-america-cross-lam
  inated-timber-market

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Report Description and Highlights
Report Description

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