Glue Laminated Timber Industry

The global glue laminated timber market size was valued at USD 7.44 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This growth is attributed to the increasing demand for sustainable building materials, particularly in residential and commercial construction. Factors such as superior strength, design flexibility, and aesthetic appeal enhance its attractiveness for architects and builders. The rise of mass timber construction and government initiatives promoting eco-friendly practices further support market growth.

Glue laminated timber, also called glulam, and is utilized in various applications such as framing, floor and roof beams, columns, door headers, and trusses. The demand for glulam is anticipated to rise due to its more common utilization in residential, commercial, and industrial construction industries. The popularity of glue laminated timber has grown over the past few years due to its alternative as a cost-effective and eco-friendly to steel and concrete. In the upcoming years, glue-laminated timber will become more popular due to its higher strength, ease of production, and minimal maintenance needs. With all these advantages, glue-laminated lumber has become a preferred choice for architects and builders due to its strong, dimensionally stable, and design-flexible characteristics, leading to market expansion of glue-laminated timber in the upcoming period.

Gather more insights about the market drivers, restrains and growth of the Global Glue Laminated Timber market

Another factor contributing to the growth of the glue laminated timber market is the shift towards environmentally friendly and sustainable construction approaches across the world. In addition, there is a growing trend towards using environment-friendly materials such as glulam in construction due to increased awareness of the environmental impacts of traditional materials and methods. Glulam has numerous benefits, such as strong load-bearing capacity, resistance to warping and cracking, and the capability to cover large spans. It is commonly used for beams, columns, and arches in several building projects due to its strength and versatility, comprising residential, commercial, and industrial constructions.

Furthermore, the increasing adoption of architectural designs that blend natural elements has also increased the need for such designs. It can be shaped in various ways and has a natural wooden look. It is becoming increasingly popular in modern infrastructure projects due to its seamless integration with contemporary architectural designs. Moreover, with the increasing emphasis on green construction materials in environmental regulations and consumer preferences, glulam's eco-friendly qualities appeal to builders and architects. Key industry leaders are always working towards improving technology to produce high-quality products more efficiently due to the minimal carbon footprint of glue laminated timber, compared to traditional building materials such as steel or concrete, supports the worldwide push to decrease greenhouse gas emissions and address climate change. The increasing popularity of glue-laminated timber in construction projects, including residential housing and commercial and industrial structures, is fueled by a focus on eco-friendly practices.

Key Companies & Market Share Insights

Some of the key companies in the glue laminated timber market include Boise Cascade., Western Forest Products., PFEIFER GROUP, Canfor, Setra Group AB, Schilliger Holz AG, Mercer Mass Timber LLC.; in the market with a focus on providing better quality products and services to clients.

  • Boise Cascade is known for its BOISE GLULAM products, which combine functional beauty with structural integrity. The company specializes in engineered wood products, offering a range of glulam beams ideal for residential and commercial applications.
  • Mayr-Melnhof Holz is a manufacturer of glue laminated timber, which emphasizes on using renewable resources and eco-friendly practices in its production processes. Mayr-Melnhof Holz's glulam products are designed for versatility and strength, catering to various construction needs, from residential buildings to large-scale commercial projects.

Key Glue Laminated Timber Companies:

The following are the leading companies in the glue laminated timber market. These companies collectively hold the largest market share and dictate industry trends.

  • Boise Cascade.
  • Western Forest Products.
  • PFEIFER GROUP
  • Canfor
  • Setra Group AB
  • Schilliger Holz AG
  • Mercer Mass Timber LLC.
  • Mayr-Melnhof Holz Holding AG
  • Binderholz GmbH
  • B & K Structures

Recent Developments

  • In May 2024, Canfor Corporation announced its acquisition of the El Dorado lumber manufacturing facility in Union County, Arkansas, from Resolute El Dorado Inc., a Domtar Corporation affiliate. The deal, valued at USD 73 million, is expected to enhance Canfor's operations by creating collaborations and opportunities for vertical integration in the region. This strategic move aligns with Canfor's growth objectives in the Southern Pine market, reinforcing its commitment to expanding its manufacturing capabilities and strengthening its presence in the U.S. lumber industry.
  • In August 2023, Boise Cascade announced an agreement to acquire Brockway-Smith Company (BROSCO), a prominent wholesale distributor of doors and millwork, for USD 172 million. This acquisition included BROSCO's two distribution centers located in Hatfield, MA, and Portland, ME. The deal aimed to enhance Boise Cascade's millwork business and expand its market presence in the Northeast.

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