The global cross laminated timber (CLT) market size was estimated at USD 1.17 billion in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 14.9% from 2023 to 2030. Superior design flexibility and faster installation processes in comparison to other building materials are likely to benefit the industry over the forecast period. Cross laminated timber is increasingly used...

Cross Laminated Timber Industry The global market for cross laminated timber (CLT) was valued at USD 1.17 billion in 2022 and is projected to grow at a robust compounded annual growth rate (CAGR) of 14.9% from 2023 to 2030. This anticipated growth can be attributed to several advantages that CLT offers over traditional building materials, including superior design...

Cross Laminated Timber Industry The global market for cross laminated timber (CLT) was valued at USD 1.17 billion in 2022 and is projected to grow at a robust compounded annual growth rate (CAGR) of 14.9% from 2023 to 2030. This anticipated growth can be attributed to several advantages that CLT offers over traditional building materials, including superior design...

Cross Laminated Timber Industry Overview The global Cross Laminated Timber (CLT) market was valued at USD 1.17 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.9% from 2023 to 2030. This growth is primarily driven by the advantages CLT offers over traditional building materials, including superior design flexibility and faster installation processes. CLT's...

The global cross laminated timber market size is expected to reach USD 3.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.9% from 2023 to 2030. This growth can be attributed to the growing adoption of cross laminated timber, as solid wood construction of cross laminated timber has a high strength-to-weight ratio,...