According to the latest report by IMARC Group, titled “North America Glue-Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a volume of 435,566 Cubic Meters in 2020. Glue-laminated timber is a type of a structural engineered wood product that is produced by adhering multiple individual layers of timber with moisture-resistant structural adhesives. These products are characterized by high-resistance and improved durability while offering required stiffness in corrosive and exposed environments. They are also lightweight and eco-friendly in nature with excellent thermal insulation. As a result, they are widely utilized as an essential architectural and structural building material.
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The North America glue-laminated timber market is majorly driven by significant growth in the construction sector. These engineered products are extensively utilized in the residential and commercial segments in the region for manufacturing beams, columns, headers and household framing, which is providing an impetus to the market growth. The market is further driven by the escalating preference for sustainable building materials among end users, which has facilitated the widespread substitution of natural timber with engineered wood products. Some of the other factors contributing to the market include the increasing demand for green construction and a considerable rise in renovation activities across North America. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the north america glue-laminated timber market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Market Segmentation:
Breakup by End-Use:
- Floor Beams
- Window and Door Headers
- Trusses and Supporting Columns
- Roof Beams
- Others
Breakup by Application:
- New Construction
- Replacement
Breakup by Country:
- United States
- Canada
- Mexico
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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