Cross-laminated timber (CLT) is a prefabricated wood panel that is manufactured by gluing multiple layers of solid-sawn lumber together. These layers are stacked at a perpendicular angle to provide structural rigidity and increase the splitting resistance of the product. CLT is flexible, light in weight, cost-effective, offers high strength, and has a low environmental impact. As a result, it is replacing conventional construction materials, such as steel and cement, in Australia and New Zealand for constructing high-rise buildings, bridges, parking structures and pavilions.
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According to the latest report by IMARC Group titled, “Australia and New Zealand Cross Laminated Timber (CLT) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the cross laminated timber market in Australia is projected to reach a volume of XX Cubic Metre by 2024, registering a CAGR of XX% during 2019-2024. The New Zealand cross laminated timber market, on the other hand, is anticipated to reach a volume of XX Cubic Metre by 2024, growing at a CAGR of XX% during 2019-2024.
Massive timber construction, in confluence with the rising demand for green buildings, is driving the cross-laminated timber market growth in Australia and New Zealand. In addition to this, owing to the dimensional stability, versatility, strength, and secure and faster installation of CLT, it is increasingly being used in the non-residential construction of storage facilities and factories in the region. Moreover, technological advancements, such as the introduction of computer-controlled machining equipment to facilitate the prefabrication of wooden building components, are impelling the market growth. Besides this, the Wood Encouragement Policy (WEP) initiated by the Government of Australia is promoting the utilization of timber in the country, which in turn is catalyzing the demand for the CLT in the country.
Table of contents
2 Scope and Methodology
3 Executive Summary
5 Australia Cross Laminated Timber Industry
6 New Zealand Cross Laminated Timber Industry
7 SWOT Analysis
8 Value Chain Analysis
9 Porters Five Forces Analysis
10 Cross Laminated Timber Environmental Impact/Benefit Analysis
11 Cross Laminated Timber Financial Impact/Benefit Analysis
12 Australia/New Zealand-Codes and Standards
13 Australia/New Zealand- Pilot CLT Projects
14 Requirements for Setting Up a Cross Laminated Timber Manufacturing Plant
15 Competitive Landscape
16 Profiles of Key Players
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This post was originally published on Trading Herald