Glue Laminated Timber Market Foreseen to Grow Exponentially by 2030

Glue Laminated Timber Market: by End-Use (Residential and Non-Residential), by Application (Floor Beams, Window and Door Header, Trusses and Supporting Columns and Roof Beam), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)

The glue-laminated timber market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive market analyses, capturing all the aspects of the glue laminated timber industry.

Glue Laminated Timber Industry Outlook
The glue laminated timber market size was valued at USD 5.9 billion in 2020 and reached USD 8.27 billion in 2027, with a CAGR of 5.8% during the forecast period 2021-2027. Glue laminated timber is manufactured from a wide variety of small trees harvested from second or third-growth plantations and forests. The environment-friendliness of glue laminated timber is expected to stroke market demand globally.

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Factors Affecting the Glue Laminated Timber Industry Over the Forecast Period:
Growing demand for glue laminated timber in the residential sector is expected to boost the global market growth as this timber improves the houses’ aesthetic.

Developing countries are expected to boost the demand for laminated building material, which will affirmatively affect the growth of the glue laminated timber market. Various benefits associated with glue laminated timber, such as fire resistance and durability, are expected to fuel the growth of the glue laminated timber market.

The easy availability of timber forest in the Euro