Cross Laminated Timber Market
The Cross Laminated Timber (CLT) market consists of engineered wood panels used as a sustainable alternative in construction. The main customers are developers and contractors in the residential, commercial, and public infrastructure sectors. Key growth drivers include the rising demand for environmentally-friendly building materials, supportive government regulations promoting green construction, and CLT's benefits in reducing construction time and costs.
CAGR
13.9%
Compound Annual Growth Rate
Current Value
$2.05B
Estimated 2026
Projected Value
$5.79B
By 2034
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