The North America cross-laminated timber market reached US$ 106.3 Million in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Cross-laminated timber (CLT) is an engineered wood product made by gluing together stacks of solid-sawn lumber. This process provides strength, rigidity, dimensional stability, and mechanical strength to the panel, making them suitable for load-bearing construction. It serves as a renewable alternative to concrete and steel in industrial and multi-residential applications.
The North America CLT market is primarily driven by the construction of high- or mid-rise buildings across the region. CLT provides improved stability, strong seismic and high thermal performance, and insulation properties. Besides this, it is extensively preferred by architects and interior designers as it is aesthetically appealing and offers design flexibility.
Furthermore, as CLT is made from trees, it is renewable and sustainable and helps store carbon from the environment. On account of this, the governments in North American countries are encouraging green building solutions, which is expected to create a positive outlook for the market.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/north-america-cross-laminated-timber-market
Notes: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Application:
Breakup by Region:
Some of the major players operating in the industry worldwide include D.R. Johnson Lumber Co., Nordic Structures, SmartLam, Sterling Lumber, StructureCraft., and Structurlam Products Ltd.
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