Cross Laminated Timber Market is expected to reach $2.99 billion in 2028, growing at a CAGR of 14.17% during 2022-2028, reports Stratview Research.
Stratview Research, a market research firm, launched a report on the Cross Laminated Timber Market that provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
The report has a high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
Top market drivers?
According to the report, the Cross Laminated Timber Market is driven by a host of factors, some of which are noted below:
- Growing cognizance about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with the increasing number of cross-laminated timber manufacturers and surge in demand for green homes.
- Furthermore, supportive government initiatives around the world accompanying the shift from concrete-based construction to wood-based construction are positively impacting the market.
- In addition, as the overall cost of CLT construction is decreasing on account of the increasing number of suppliers and shorter construction time.
- The report also includes growth rate estimates based upon the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.
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