Global Glue Laminated Timber Market 2018-2022 | Focus on Forestry Management Drives Growth | Technavio

The global glue laminated timber market is expected to post a CAGR of more than 5% during the period 2018-2022, according to the latest market research report by Technavio.

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A key factor driving the growth of the market is the growth in real estate and construction industries. There has been an increase in office spaces, commercial complexes, and residential buildings due to the growth of the real estate industry across the globe. This has contributed to an increase in the demand for glue laminated timber that is widely used in construction and structural applications.

This market research report on the global glue laminated timber market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the focus on forestry management as one of the key emerging trends in the global glue laminated timber market:

Global glue laminated timber market: Focus on forestry management

Forestry management is an important part of the glue laminated timber business. Wood suppliers and vendors are concentrating on aligning their business activities to create suitable business models based on renewable solutions. Therefore, they are focusing on plantations as they offer low-cost production and self-sufficiency to the glue laminated timber industry.

“Many vendors in emerging countries such as China and Indonesia are concentrating on sustainable business models for growth since the focus on plantation management has become a key attribute of vendors operating in developing countries. The increasing emphasis on plantation and forestry management is expected to promote the demand for softwood and hardwood, which are the key raw materials for glue laminated timber,” says a senior analyst at Technavio for research on construction.

Global glue laminated timber market: Segmentation analysis

This market research report segments the global glue laminated timber market by application (residential and commercial) and geography (the Americas, APAC, and EMEA).

The residential segment held the largest market share in 2017, accounting for nearly 47% of the market. This application segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with approximately 43% of the market share, followed by the Americas and APAC respectively. EMEA is expected to dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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