Cross Laminated Timber Market: CLT in Public Infrastructure

The global cross laminated timber market was valued at USD 1,174.2 million in 2022 and is projected to reach USD 3,569.1 million by 2030, expanding at a CAGR of 14.9% from 2023 to 2030. The market is expected to benefit significantly from CLT’s superior design flexibility and faster installation timelines compared to conventional building materials.

Cross laminated timber is gaining widespread adoption across construction applications due to growing awareness of its advantages, including design flexibility, fire resistance, superior thermal performance, cost-effectiveness, and structural strength. Additionally, the clean and noiseless construction process, reduced construction time, and lower overall project costs associated with CLT are driving its demand across residential and non-residential buildings.

The increasing emphasis on sustainable construction practices and low-carbon building materials further supports market growth, positioning CLT as a preferred solution in modern and eco-friendly construction projects.

Key Market Trends & Insights

• Europe dominated the global cross laminated timber market, accounting for over 58.9% of total revenue in 2022, supported by strong regulatory backing for sustainable construction.
• By product, the adhesive bonded CLT segment led the market, capturing more than 88.2% of global revenue in 2022, due to its superior bonding strength and structural reliability.
• By application, the residential segment held the largest share, accounting for over 45.6% of global revenue in 2022, driven by increasing adoption of CLT in multi-family housing and low-rise residential projects.

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Market Size & Forecast

• 2022 Market Size: USD 1,174.2 Million
• 2030 Projected Market Size: USD 3,569.1 Million
• CAGR (2023–2030): 14.9%
• Largest Market (2022): Europe

Competitive Landscape

The global cross laminated timber industry is relatively less competitive due to the presence of a limited number of manufacturers, primarily concentrated in Europe. These players serve major markets across Europe, North America, and Asia Pacific, competing largely on product quality, wood thermal resistance, surface finish, and pricing to expand application areas.

Several key manufacturers benefit from vertical integration, owning forest land and sourcing timber internally to ensure raw material security and cost efficiency. For example, Mayr-Melnhof Holz Holding AG has established a highly integrated value chain by sourcing wood from its own forests and manufacturing engineered wood products in-house, enabling economies of scale and consistent product quality.

Prominent companies operating in the global cross laminated timber market include:

• Stora Enso Oyj
• Mayr-Melnhof Holz Holding AG
• Binderholz GmbH
• XLam
• Sterling Company
• Schilliger Holz AG
• KLH Massivholz GmbH
• B&K Structures
• Eugen Decker & WebMan
• Structurlam Mass Timber Corporation
• SmartLam NA
• MEIKEN LAMWOOD Corp

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Conclusion

The global cross laminated timber market is poised for robust growth through 2030, supported by rising demand for sustainable, cost-effective, and high-performance construction materials. Europe is expected to maintain its leadership position, while increasing adoption across residential construction and expanding awareness in emerging markets will further accelerate growth. Continuous innovation, vertical integration, and capacity expansion by key players will remain critical in shaping the competitive landscape of the CLT industry.