[FURL=https://www.industryarc.com/Research/Glue-Laminated-Timber-Market-Research-503412?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=PaidPressrelease]Glue Laminated Timber (Glulam) Market [/FURL] size is forecast to reach $8.7 billion by 2026, after growing at a CAGR of 5.8% during 2021-2026. Glue laminated timbers are ideal for residential and commercial uses. Glulam does not need to be mined and exposed to the high energy demand manufacturing procedures that steel and cement require; it has a flexibility of shape. Glulam beams are engineered wood products that are manufactured to meet specific performance criteria.Glulam product consist of fire resistance material to prevent undesired fire, because of its big section, compared with light timber frame structures composed of small sectional dimension lumber and several kinds of plank. Glued laminated timber structure could also be called heavy wood-frame structure. Due to easy installation and reducing cost of transportation the demand of glue-laminated timber will be rapidly increased in near future.
Key Takeaways
Europe dominates the glue laminated timber market owing to increasing demand from residential and commercial sector of glulam with excellent fire resistant, versatility and adaptability features.
Due to increase adoption of sustainable and environment friendly products and consumption of engineered wood for buildings, the market for glue laminated timber is expected to rise in the near future.
Extensive use of glue laminated timber in the manufacture of a wide range of roof beams, floor beams, wood based residential buildings and structural applications, is influencing the market for glulam.
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Glue Laminated Timber Market Segment Analysis – By Geography
Europe dominated the glue laminated timber market size in 2020 up to 30%, followed by North America and Asia Pacific. Consumers are aware about glue laminated timber in form of engineered wood product as a green building material. Glue laminated timber used as structural engineered wood products constituted by layers of dimensional lumber bonded together with durable, moisture-resistant structural adhesives in the region.
Glue Laminated Timber Market Drivers
Superior Properties of Glulam as Compared to other Structural Construction Materials
Increasing Demand from Building & Construction Sector
Glue Laminated Timber Market top 10 companies are Structurlam Products Ltd, Setra Group AB, Canfor, Schilliger Holz AG, Binderholz GmbH, Calvert Co., Inc., Meiken Lamwood Corp, Eugen Decker Holez Industrie Kg, and Pfeifer Holding GmbH.
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