Japan Cross Laminated Timber Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 10.82% from 2023 to 2033
• The Japan Cross Laminated Timber Market Size is Anticipated to hold a significant share by 2033.

The Japan Cross Laminated Timber Market is Anticipated to hold a significant share by 2033, growing at a CAGR of 10.82% from 2023 to 2033. The increasing demand for environmentally friendly construction materials will drive industry growth.

Market Overview

Cross-laminated timber, commonly referred to as XLam or CLT, is a pre-assembled engineered wood product made up of more than two layers of either structural composite or solid-sawn wood. To create a solid wood element, the layers are arranged so that they are cross-oriented and joined together using an adhesive or mechanical fastener. In recent years, cross-laminated timber has become more popular in Japan as a sustainable alternative to concrete for building materials. This can be linked to the benefits of cross-laminated wood, which include improved fire resistance, strength, durability, lightweight, stability, and design variation, in addition to the growing environmental concerns. There are uses for cross-laminated timber as a structural material for a variety of elements, including ceilings, floors, and walls. When building a home, CLT uses more wood than traditional Japanese residences that are supported by pillars. The use of CLT in public and commercial buildings that are four stories or higher structures that were previously thought to be difficult to build with timber seems to hold potential for increasing the demand for lumber.

Report Coverage

This research report categorizes the market for the Japan cross laminated timber market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan cross 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 Japan cross laminated timber market.

Driving Factors

Cross-laminated timber, an ecologically environmentally friendly building material, is becoming more popular as consumers become more conscious of the adverse effects caused by the cement and brick manufacturing processes. As a result, consumers and specialists are changing their focus to the use of sustainable materials including wood in the construction of buildings and other infrastructure. Due to CLT is made from wood, several governments encourage its use in buildings and offer monetary and space-liberty benefits to users. The market for cross-laminated timber may be considerably impacted by the expansion of the building sector in a number of ways. Due to its eco-friendliness and adaptability, cross laminated timber is one sustainable building material that is in more demand as construction activity rises. Due to its strength and light weight, CLT is a desirable substitute for conventional materials including steel and concrete, particularly for projects where efficiency and speed are critical.

Restraining Factors

Cross laminated timber, like other wood-based materials, has drawbacks such as poor fire and moisture resistance. While many firms claim that wood can burn for up to two hours in the event of a fire, demonstrating high fire-proof capability, it cannot compare to the performance of traditional building materials. Furthermore, dampness can cause harm to wood-based materials. Water build-up in walls, floors, and buildings can result in the growth of mold and bacteria, both of which can be harmful to the infrastructure.

Market Segmentation

The Japan cross laminated timber market share is classified bonding technology and application.

• The adhesive bonded segment is expected to hold the greatest market share through the forecast period.    

The Japan cross laminated timber market is segmented by bonding technology into adhesive bonded, and mechanically fastened. Among these, the adhesive bonded segment is expected to hold the greatest market share through the forecast period. The strength of the wooden-based substance is determined by how strongly the surrounding layers are bonded. Adhesive-bonded materials are widely used in the market due to they have a better bond strength and are less impacted by environmental conditions than mechanical fasteners.

• The non-residential buildings segment is expected to hold a significant market share through the forecast period.   

The Japan cross laminated timber market is segmented by application into residential buildings, non-residential buildings, and others. Among these, the non-residential buildings segment is expected to hold a significant market share through the forecast period. Non-residential building implementation occupies the highest percentage due to the large-scale application of CLT in the construction of office buildings.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan cross 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

• Meiken Lamwood Corporation
• Mitsui & Co., Ltd.
• Sumitomo Forestry Co., Ltd.
• Nippon Paper Industries Co., Ltd.
• Seihoku Corporation
• Yoshimoto Ringyo Co., Ltd.
• Takamatsu Construction Group
• Hidakami Sangyo Co., Ltd.
• Maeda Corporation
• Noda Corporation
• 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 2022, A new partnership between One Click LCA and Sumitomo Forestry Co., a Japanese firm with over 330 years of sustainable heritage, has been announced.

Market Segment

This study forecasts revenue at the Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Cross Laminated Timber Market based on the below-mentioned segments:

Japan Cross Laminated Timber Market, By Bonding Technology

• Adhesive Bonded
• Mechanically Fastened

Japan Cross Laminated Timber Market, By Application

• Residential Buildings
• Non-Residential Buildings
• Others