Global Cross laminated timber (CLT) market was valued at 512.85 Million US$ in 2018 and is projected to reach 1249.51 Million US$ by 2024
 
Cross laminated timber (CLT) is a plate-like product made from Cross laminated timber. Layers of planks are glued orientated at 90° to each other, usually in a symmetric way so that the outer layers have the same orientation. The various structural and dimensional properties of cross-laminated timber make it suitable for making roofs, walls and floors of low-, mid- and high-rise buildings. Cross laminated timber has become one of the most preferred building materials, particularly in the Central European region where it finds applications in both residential and non-residential sectors.
CLT panels are strong and stiff, which allows them to be used in a wide range of applications. The use of CLT panels has become a successful and popular method of construction in Europe since it was first introduced during the early 1990’s. It is currently used for all kinds of structures ranging from houses, barns, power line towers, churches and bridges to high-rise apartment and office buildings, adding visibility and reputation to the system.
 
During 2013-2018, the global production of cross-laminated timber grew at a CAGR of around 16% with Europe accounting for most of this market. Austria is currently the world’s biggest producer of CLT. Other major producers include Germany, Czech Republic, Italy, Spain and Switzerland. The key consumption markets locate at developed countries. The EU takes the market share of 49%, followed by US with 32%
 
Cross laminated timber has an obvious advantage: it allows for complete control of a project from concept to completion. Installation sequencing, crane calculations, all logistics and even delivery can be pre-planned, and the risk of errors on site is significantly reduced. Safety is another major bonus, as high-risk activities are limited to a controlled factory environment.
The nature of the durable and high-quality prefabricated panels also simplifies construction, allowing buildings to be realised and built exactly as they were envisaged. They are also lightweight – a mere 20 per cent the weight of concrete – which results in reduced foundation loads and distribution requirements.
Additionally, the advantages of CLT extend beyond the structural and practical into the realm of environmentally sustainable design. Wood is already a good insulator of heat, but the precise nature of the manufacturing process gives CLT buildings an additional thermal benefit by preventing air leakage within the building envelope. This generates stabilised temperatures within the building, which in turn lowers heating and cooling usage and costs.
To compare with the traditional reinforced concrete, cross laminated timber is surely cheaper, lighter, more energy saving and environmental protection.
 
Key players in global Cross laminated timber market include: Stora Enso, KLH, Binderholz, Hasslacher, Martinsons, Moelven, Mayr, Melnhof Holz, XLam NZ, B & K Structures, Structurlam Products LP, LignaTerra, Derix Group, StructureCraft, Ramboll, Nordic Structures