In October 2022, Stora Enso Oyj opened a new production site in Czechia, Europe, which produces crosslaminated timber CLT, with an estimated annual production capacity of 120 000 m3. By expanding, the company has been able to increase its presence in the competitive market.
June 15, 2023, Mercer Mass Timber, a low-carbon advanced manufacturer of timber building materials and a subsidiary of Mercer International Inc., announced the completion of the acquisition of Structurlam Mass Timber Corporation and its subsidiaries, namely Structurlam GmbH and Structurlam GmbH, by its parent company, Mercer International.
Author Credits: Mohd Shadab, Yashika Karodiwal
Report ID: 5342
Published Date: Oct 25, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The market size of cross laminated timber is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2024-2036.
The major players in the market are Stora Enso, Mercer International, Semodu AG, Melnhof Holz, Binderholz GmbH, Obayashi Corp., Idemitsu Co. Ltd., Sekisui House, Misawa Home, Ryohin Keikaku Co., Ltd. and others.
The residential in-application segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Europe region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Growing willingness to cope with the increasing population around the world boosts market growth