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Cross-Laminated Timber (CLT) Market Report by Regional Revenue & Growth Forecast 2019 - 2025

Author : Rahul Varpe | Published Date : 2019-10-14 

Global Market Insights has announced the launch of Cross-Laminated Timber (CLT) Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4096    

The Indian construction industry is also growing rapidly due to higher population growth rate, rapid industrialization & urbanization and rising disposable income. Favorable government initiatives, such as 100% foreign direct investment for construction development under automatic route which includes townships, built-up infrastructure, housing is also a chief factor driving the construction activities in the country. These trends will have positive impact on cross-laminated timber market size. On the other hand, ongoing and increasing number of upcoming construction projects across the world will also boost the global construction industry, which in turn will drive the demand for cross-laminated timber market in coming years.

Another factor that will prosper the demand for cross-laminated timber is the emergence of green construction. Government of many countries have backed-up the construction practices in which concrete is replaced by wood, to reduce the carbon dioxide emission.

Additionally, advantages associated with wood-based construction, which includes waste reduction, environment friendly, cost-efficiency and superior quality will further drive the cross-laminated timber demand in near future. However, regulations regarding the use of solvents or adhesives for cross-laminated timber production coupled with limited availability of sustainable wood might hamper the cross-laminated timber market demand in coming years.

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Key players in cross-laminated timber market share include HASSLACHER Holding, BinderholzBausysteme, Stora Enso, KLH Massivholz, Eugen Decker Holzindustrie, Structurlam (Structurlam Mass Timber Corporation), Ed. Züblin AG, Nordic Structures, Sterling Lumber Company, W. u. J. Derix, etc. Expansion of production capacity either through upgradation in existing production facility or through establishing a new production facility is a major trend in CLT market. For instance, Sterling Lumber declared an investment of USD 30 million to build a new cross-laminated timber (CLT) plant. Partnerships among the product manufacturers is one of the strategies incorporated by the players to enhance or maintain their position in the market.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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