Global Glue Laminated Timber Market Insights Forecasts to 2033

• The Global Glue Laminated Timber Market Size was Valued at USD 4.1 Billion in 2023
• The Market Size is Growing at a CAGR of 4.22% from 2023 to 2033
• The Worldwide Glue Laminated Timber Market Size is Expected to Reach USD 6.2 Billion by 2033
• Asia-Pacific is expected to Grow the fastest during the forecast period.

The Global Glue Laminated Timber Market Size is Anticipated to Exceed USD 6.2 Billion by 2033, Growing at a CAGR of 4.22% from 2023 to 2033.

Market Overview

Glued laminated timber is commonly referred to as glulam. It is a type of structurally engineered wood product that is constituted by layers of dimensional lumber bonded together with durable, moisture-resistant structural adhesives so that all of the grain runs parallel to the longitudinal axis. Glulam can be manufactured in various shapes, offering artistic freedom. It has high strength and stiffness with reduced impact defects in the wood and has a higher resistance to lateral-torsional buckling than steel. It is environmentally friendly as it naturally sequesters carbon with longer life spans, heavier loads, and shape versatility. Glue-laminated timber is widely applicable in sports structures, bridges, and religious buildings. The resin glues are widely used in glued laminated timber construction. Glulam finger joints were developed to provide a broad surface area for gluing, thus automatic finger-jointing machines help cut the finger joints, connect and glue them together under pressure, allowing for a strong, durable joint, capable of carrying high loads comparable to natural wood with the same cross-section. Computer numerical control (CNC) is used to cut the glued laminated timber into unusual shapes with a high degree of precision.

Report Coverage

This research report categorizes the market for the global glue laminated timber market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global glue laminated timber market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global glue laminated timber market.

Driving Factors

The rising emphasis on sustainability and environmental consciousness in the construction industry is promoting the market growth of glue-laminated timber. Due to environmental regulations and the inclination of consumer preferences towards green construction materials, glulam's eco-friendly credentials make it an ideal choice for builders and architects. It aids in reducing greenhouse gas emissions and mitigating climate change. Thus, the rising approach towards eco-conscious approach drives the market demand for glue-laminated timber in various construction projects. The efficient load-bearing capabilities and the ability to span long distances without sagging or warping also add to its attractiveness in construction, making it a preferred choice for projects with unique design challenges. The ease of installation and shorter building time of glulam become useful in the increasing urban regions, where space is typically limited and urgent construction needs. Thus growing urbanization leads to enhanced market growth in the construction sector. It is a suitable choice in regions prone to natural disasters or areas with strict safety standards due to its fire resistance and earthquake resistance.

Restraining Factors

The constituent layers of glulam may shrink and break as a result of moisture loss, affecting the material’s structural integrity, and leading to structural failure. The concern regarding the moisture loss causes glue laminated timber structural failure which ultimately restraining the market.

Market Segmentation

The global glue laminated timber market share is classified into product type, glue type, end-use, and application.

• The straight beams segment accounted for the largest market share of the global glue laminated timber market during the forecast period.

Based on the product type, the global glue laminated timber market is categorized into straight beams, curved beams, columns, and trusses. Among these, the straight beams segment accounted for the largest market share of the global glue laminated timber market during the forecast period. In both commercial and residential buildings, the glue-laminated timber of straight beam segments is extensively used as floor beams, roof beams, and columns.  

• The phenol formaldehyde segment is expected to hold the largest share of the global glue laminated timber market during the forecast period.    

Based on the glue type, the global glue laminated timber market is categorized into phenol formaldehyde, melamine urea formaldehyde, polyurethane, and epoxy. Among these, the phenol formaldehyde segment is expected to hold the largest share of the global glue laminated timber market during the forecast period. Phenol formaldehyde has excellent bonding strength with high load-bearing capacity which makes it suitable for application in heavy-duty constructions.

• The floor and roof beams segment accounted for the largest market share in 2023.

Based on the end-use, the global glue laminated timber market is categorized into floor and roof beams, replacement, household framing, window & door headers, supporting columns, ridge & curved beams, and others. Among these, the floor and roof beams segment accounted for the largest market share in 2023. The glue-laminated timber is popularly used in the floor and roof beams segment due to its high strength and adaptability. The load-bearing capacity of glue laminated timber made it a good option to use in the floor and roof segment.

• The residential segment is expected to hold the largest share of the global glue laminated timber market during the forecast period.    

Based on the application, the global glue laminated timber market is categorized into residential, commercial, industrial construction, bridges and infrastructure, and others. Among these, the residential segment is expected to hold the largest share of the global glue laminated timber market during the forecast period. Glue laminated timber is a sustainable building material that is legally used by homeowners and builders as it causes no harm to the environment. The implementation of government programs to promote the use of sustainable building practices has propelled the market demand for glue laminated timber.

Regional Segment Analysis of the Global Glue Laminated Timber Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the global glue laminated timber market over the predicted timeframe.

Europe is projected to hold the largest share of the global glue laminated timber market over the forecast period. The rising focus on energy-efficient and green building solutions has promoted the use of glue-laminated timber in the construction sector. The region's rich architectural heritage places high value on timber as a traditional building material, prefer for glulam in modern construction. The rising innovative engineering and design has further promoted the glue-laminated timber market.

Asia-Pacific is expected to grow at the fastest CAGR growth of the global glue laminated timber market during the forecast period. The rapid growth in the construction sector and rising preference towards manufacturing facilities are propelling the market growth in the region. China has the largest market and India is the fastest growing market in the Asia-Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global glue laminated timber market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Mayr-Melnhof Holz Holding AG
• Moelven
• Boise Cascade
• HASSLACHER Holding GmbH
• Setra Group AB
• Structural Wood Systems, Inc.
• Pfeifer Holding GmbH
• Confor Corporation
• Calvert Company Inc.
• Sturcturlam
• Western Forest Products
• Binderholz GmbH
• Structurlam Mass Timber Corporation
• B&K Structures
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Developments

• In February 2023, Hasslacher Group acquired a 40% stake in Egoin Wood Group. Egoin Wood Group is an international timber industry company with sites in Ea (Biscay) and Leguito (Araba). The 40% stake in the Egoin Wood Group is expected to further pursue the expansion strategy while strengthening the position of Hasslacher Group in Southwest Europe.

• In August 2023, Boise Cascade reached an agreement to purchase Brockway-Smith Company, a leading wholesale distributor specializing in doors and millwork. Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. This acquisition furthers the strategy to expand the millwork business of BROSCO (Brockway-Smith Company).

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global glue laminated timber market based on the below-mentioned segments:  

Global Glue Laminated Timber Market, By Product Type

• Straight Beams
• Curved Beams
• Columns
• Trusses

Global Glue Laminated Timber Market, By Glue Type

• Phenol Formaldehyde
• Melamine Urea Formaldehyde
• Polyurethane
• Epoxy

Global Glue Laminated Timber Market, By End-Use

• Floor and Roof Beams
• Replacement
• Household Framing
• Window & Door Headers
• Supporting Columns
• Ridge & Curved Beams
• Others

Global Glue Laminated Timber Market, By Application

• Residential
• Commercial
• Industrial Construction
• Bridges and Infrastructure
• Others

Global Glue Laminated Timber Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa