Global CLT market expected to more than double by 2027
The global cross-laminated timber (CLT) market was valued at US$786.71 million in 2019 and is expected to reach $2,021.29m by the year 2027, at a CAGR of 12.51%, according to Reports and Data. By volume, the market is expected to reach 3,237.61 thousand cubic meters in 2027 from 1,411.55 thousand cubic meters in 2019, growing at a CAGR of 11.23%. Rising awareness regarding sustainable architectural methods, coupled with the rising number of CLT producers and increasing interest for green homes are factors augmenting the market ...
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