North America Cross Laminated Timber Market Share, Size, Price Trends And Forecast (2018-2023)

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North America Cross-Laminated Timber Market
Catalysed by Favourable Government Policies
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Report Description and Highlights
Report Description
North America Cross-Laminated Timber Market
Catalyzed by Favorable Government Policies The
North America cross-laminated timber market has
witnessed tremendous growth over the past few
years. This can be attributed to the rising
demand for CLT from the construction industry due
to its numerous advantages and cost
effectiveness. Cross-Laminated Timber (CLT) is
an engineered wood-based system made from
dimensional lumber stacked crosswise at right
angles. These planks are then bonded together in
a hydraulic or vacuum press over the entire
surface area. This configuration provides
strength, rigidity and dimensional stability to
CLT which makes it a viable alternative to
concrete, masonry and steel. In North America,
cross-laminated timber is gradually gaining
prominence in the construction industry,
particularly for multi-storey structures.
According to a new research report by IMARC
Group, titled North America Cross-Laminated
Timber Market Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2018-2023, the
market was worth US 47.8 Million in 2017,
registering a CAGR of 37.5 during 2010-2017. The
report further anticipates the market to reach a
value of US 147.1 Million by 2023.
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Report Description and Highlights
Report Description

• North America Cross-Laminated Timber Market
  Drivers/Constraints
• As CLT is largely prefabricated at the
  manufacturing site, it requires less construction
  time as compared to traditional construction
  materials. This, in turn, helps in reducing the
  overall cost of construction.
• CLT offers design flexibility, large floor space
  and strong seismic performance owing to which it
  has become a preferred construction material
  amongst the consumers and architects. As a
  result, the demand for CLT has witnessed an
  upsurge in the region.
• The growth of the CLT market in North America has
  further been stimulated by favourable government
  policies and development of a standard product
  code which facilitate its usage in the
  construction of multi-storey buildings.
• Some of the factors that restrain the growth of
  the CLT market include its poor acoustic
  performance and high maintenance costs.
• Read more here https//www.imarcgroup.com/cross-l
  aminated-timber-market-north-america

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Report Description and Highlights
Report Description
Application Insights Based on application, the
market has been segmented as residential,
educational institutes, government and public
buildings, and commercial spaces. Currently, the
residential segment dominates the market,
accounting for the majority of the total
share. Regional Insights On a regional
basis, the report has segregated the market into
the United States and Canada. Currently, Canada
represents the largest market since the adoption
of CLT has been faster in the country as compared
to the United States. Request Sample Of The
Report https//www.imarcgroup.com/request?typere
portid752flagB
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Report Description and Highlights

• Competitive Landscape
• The market is highly concentrated with the
  presence of only a handful of major players in
  the industry. Some of the leading players
  operating in the market are
• Nordic Structures
• StructureCraft
• Structurlam
• DR Johnson Wood Innovations
• SmartLam, LLC
• Sterling Lumber
• Browse more related reports 
• Glue-Laminated Timber Market  https//www.imarcgr
  oup.com/glue-laminated-timber-market
• Cross-Laminated Timber Market https//www.imarcgr
  oup.com/cross-laminated-timber-manufacturing-plant
  

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Report Description and Highlights
Report Description

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