Cross Laminated Timber Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025
Cross Laminated Timber Market size is forecast to reach $1.4 billion by 2025, after growing at a CAGR of 15.2% during 2020-2025. Cross-laminated timber (CLT) is an engineered wood component gaining worldwide popularity as a renewable alternative to concrete and steel construction in industrial and multi-residential applications. Cross-laminated timber (CLT) a wood panel product made from gluing together layers of solid-sawn lumber, i.e., lumber cut from a single log. CLT is distinct from glued laminated timber (known as glulam), which is a product with all laminations orientated in the same way. Cross-laminated timber (CLT) and Glue-laminated timber (glulam) are both engineered wood products that are commonly used for pre-fabricated structural applications in mass timber construction. The system includes multi-layer panels consisting of cross-stacked and bonded solid wood boards. The cross-laminated structure increase rigidity, flexibility of the proportions, and mechanical properties...