Glue Laminated Beams - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Glue Laminated Beams Market is accounted for $6.00 billion in 2019 and is expected to reach $11.10 billion by 2027 growing at a CAGR of 8.0% during the forecast period. Shifting consumer preference for wood-based construction and high thermal performance are the major factors propelling the growth of the market. However, the tendency of wood to absorb moisture from the atmosphere is hampering the growth of the market.
Glue-laminated beam or glulam is a type of engineered wood that acts as a substitute for hardwood and concrete. Glulam is made by several individual pieces of timber together with structural adhesives. It is available in a wide range of styles ranging from traditional to special designs with different features and advancements in the quality that has increased demand for glue-laminated timber for beams and columns in residential and commercial applications.
Based on the application, the residential segment is going to have a lucrative growth during the forecast period owing to the increasing use in the residential construction applications such as flooring & roofing systems and straight or arched beams. The favourable aesthetic qualities of glulam make it even more suitable for the residential segment, as there is a high demand for designing stylish houses. Glulam is fire-resistant owing to which it is a safe and perfect fit for residential constructions. Residential construction is hence, likely to be the fastest-growing application segment.
By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the increasing preference of manufacturers to shift manufacturing facilities to China and Australia. The increasing consumer demand for trendy and luxury apartments is likely to have a positive impact on the industry.
Some of the key players profiled in the Glue Laminated Beams Market include Binderholz GmbH, Mosser, Boise Cascade, Calvert Co Inc, Canfor, Bullinger, HESS TIMBER GmbH, Eugen Decker, Mayr-Melnhof Holz Holding AG, Hasslacher Holding GmbH, Pfeifer Group, Structurlam, Stora Enso, Timber Technologies LLC, and Setra.
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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