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Cross laminated timber market projected to reach nearly $3 billion in 2028

[Nov 29, 2022]

CLT market
The Cross Laminated Timber Market is expected to reach $2.99 billion in 2028, growing at a CAGR of 14.17% during 2022-2028, reports Stratview Research.

Stratview Research, a market research firm, launched a report on the Cross Laminated Timber Market that provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.

The report has a high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.

Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.

Top market drivers?
According to the report, the Cross Laminated Timber Market is driven by a host of factors, some of which are noted below:
  • Growing cognizance about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with the increasing number of cross-laminated timber manufacturers and surge in demand for green homes.

  • Furthermore, supportive government initiatives around the world accompanying the shift from concrete-based construction to wood-based construction are positively impacting the market.

  • In addition, as the overall cost of CLT construction is decreasing on account of the increasing number of suppliers and shorter construction time.

  • The report also includes growth rate estimates based upon the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.

Click here to get the free sample pdf: