The Latest Cross Laminated Timber Industry Statistics Explained
As of 2017, Europe produced nearly 1 million cubic meters of cross-laminated timber (CLT) annually.
The statistic indicates that as of 2017, Europe’s production of cross-laminated timber (CLT) reached almost 1 million cubic meters on an annual basis. CLT is a sustainable and eco-friendly building material that is gaining popularity for its structural strength and versatility in construction projects. The significant production volume highlights the growing demand for CLT in the European construction industry, driven by increasing awareness of sustainability and eco-conscious building practices. This statistic represents Europe’s active role in promoting green building solutions and its commitment to reducing environmental impact through the adoption of innovative materials like CLT.
CLT accounted for only 0.6% of the total timber market in the UK in 2017.
In 2017, the Centralized Logging Technology (CLT) market share in the UK accounted for only 0.6% of the total timber market. This statistic indicates that CLT, a method of processing and manufacturing timber into structural panels, had a relatively limited presence compared to other timber products and technologies in the UK during that year. Despite the potential benefits and sustainable attributes of CLT, such as its strength, flexibility, and environmental friendliness, its market penetration remained minimal. This may be due to factors such as limited awareness, higher costs, or existing preferences for traditional timber products. The statistic highlights the room for growth and expansion of CLT within the UK timber market in the future.
The global Cross Laminated Timber market was valued at USD 558.6 million in 2018.
The statistic indicates that the global Cross Laminated Timber (CLT) market had a total value of USD 558.6 million in the year 2018. This figure represents the total market value of CLT products sold, traded, or otherwise transacted within the global market during that specific year. The value of the market provides insight into the size and economic significance of the CLT industry, showcasing the level of demand for this sustainable construction material and potentially reflecting trends in the building and construction sector worldwide. Additionally, the value of the market can be used to assess the growth, performance, and competitive landscape of the CLT market in comparison to previous years or forecasted future trends.
The global CLT market is projected to reach USD 2.07 billion by 2025.
The statement indicates that the global Computerized Maintenance Management System (CMMS) market is forecasted to grow and reach a value of USD 2.07 billion by the year 2025. This projection suggests an expected increase in the adoption and implementation of CMMS solutions worldwide over the next few years. Factors driving this growth may include the increasing awareness of the benefits of CMMS in improving maintenance efficiency, reducing downtime, and optimizing asset management in various industries. The forecast highlights a promising market opportunity for CMMS providers and reflects the growing importance of effective maintenance practices in modern organizations aiming to enhance operational performance and reduce costs.
In 2017, the CLT market in North America was valued at around USD 63.7 million.
The statistic “In 2017, the CLT market in North America was valued at around USD 63.7 million” indicates the estimated total worth of the cross-laminated timber (CLT) industry in North America during the specified year. CLT is an innovative building material known for its sustainability and structural advantages, making it increasingly popular in construction projects. The reported value of USD 63.7 million reflects the financial scale of the CLT market, encompassing the production, distribution, and utilization of CLT products in the North American region for that particular year, highlighting its economic significance and growth potential within the construction industry.
The yearly production of Cross Laminated Timber can offset the emissions of 600,000 cars every year.
The statistic indicates that the yearly production of Cross Laminated Timber (CLT) has the potential to significantly offset greenhouse gas emissions equivalent to those produced by 600,000 cars annually. This suggests that the use of CLT as a sustainable building material can contribute positively to mitigating climate change by sequestering carbon dioxide in the timber and reducing the demand for more carbon-intensive materials like concrete and steel. By choosing CLT in construction projects, it is possible to make a tangible impact in reducing overall carbon emissions, thereby helping to combat global warming and promote environmentally friendly practices in the building industry.
The Asia Pacific CLT market is expected to grow at a CAGR of 15.01% from 2022 to 2032.
This statistic implies that the Asia Pacific Cross-Laminated Timber (CLT) market is projected to experience significant growth over the period from 2022 to 2032, with a Compound Annual Growth Rate (CAGR) of 15.01%. This indicates that the market is anticipated to expand at a steady pace, with an annual growth rate of 15.01%, which is substantial and suggests a positive outlook for the CLT industry in the Asia Pacific region. Factors driving this growth could include increasing demand for sustainable and eco-friendly building materials, as well as the adoption of CLT in the construction industry due to its numerous benefits such as strength, durability, and design flexibility. Overall, this statistic paints a promising picture for the future of the Asia Pacific CLT market.
By 2026, the North America CLT market is predicted to reach $600 million.
The statistic “By 2026, the North America CLT market is predicted to reach $600 million” indicates a forecast of the Cross-Laminated Timber (CLT) market size in North America by the year 2026. This information suggests that the market for CLT products in the region is expected to experience significant growth over the following years, reaching a value of $600 million. This prediction likely takes into account factors such as the increasing adoption of CLT as a sustainable and versatile construction material, as well as the overall trends in the construction industry. Such a forecast can be valuable for industry stakeholders, policymakers, and investors in understanding the potential size and trajectory of the North American CLT market in the near future.
Over 85% of CLT worldwide is produced in Europe.
The statistic stating that over 85% of Controlled Low Temperature (CLT) worldwide is produced in Europe highlights the dominant role of European countries in the production of CLT products. This statistic indicates that Europe is the primary hub for manufacturing CLT, with a market share exceeding 85% globally. The significance of this statistic implies that European countries have a substantial competitive edge in the CLT industry, potentially due to factors such as advanced technology, skilled workforce, or favorable regulatory environments. This level of production concentration in one region can impact global supply chains, trade dynamics, and market competition within the CLT industry.
In 2022, China imported around 50% of all CLT produced globally.
The statistic “In 2022, China imported around 50% of all cross-laminated timber (CLT) produced globally” indicates that China is a significant player in the global CLT market, demonstrating a high demand for this construction material within the country. The fact that China imported half of the worldwide production suggests that domestic production is not meeting the local demand for CLT, potentially due to factors like rapid urbanization, infrastructure development, or a preference for using CLT in construction projects. This statistic highlights China’s reliance on imported CLT and its importance as a key market for CLT producers worldwide.
Using CLT for construction can reduce CO2 emissions by 25-30% compared to traditional concrete or steel construction.
The statistic suggests that utilizing Cross-Laminated Timber (CLT) for construction purposes can lead to a significant reduction of carbon dioxide (CO2) emissions by 25-30% when compared to traditional methods that primarily use concrete or steel. This reduction in emissions is attributed to the more sustainable and environmentally friendly nature of CLT, as wood has a lower carbon footprint compared to the production of concrete and steel. By opting for CLT in construction projects, it is implied that there is a potential to contribute positively towards mitigating the impact of construction activities on the environment by significantly lowering the amount of CO2 released during the building process.
The capacity of CLT to store CO2 is approximately 1 tonne per cubic meter.
The statistic that the capacity of carbon capture and storage (CCS) technology known as carbon capture and storage (CCS) to store carbon dioxide (CO2) is approximately 1 tonne per cubic meter means that 1 cubic meter of space within a CCS system has the ability to store around 1 metric ton (approximately 2,205 pounds) of CO2. This statistic is crucial in understanding the efficiency and effectiveness of CCS technology in reducing greenhouse gas emissions by capturing and storing CO2 emissions from industrial processes and power plants. By quantifying the storage capacity in terms of weight per volume, it provides a tangible metric for assessing the potential impact and scalability of CCS technology in mitigating climate change through carbon sequestration.
Europe’s CLT production capacity is expected to increase by 20% between 2020 and 2022.
The statistic stating that Europe’s CLT (cross-laminated timber) production capacity is expected to increase by 20% between 2020 and 2022 implies that there is a projected growth in the manufacturing capabilities of CLT within Europe over the specified time frame. This increase suggests that there will be a significant expansion in the capacity to produce CLT, a sustainable and versatile building material used in construction. Factors driving this growth could include a rising demand for environmentally friendly construction solutions, advancements in technology, and investments in the CLT industry. The projected increase in production capacity indicates a positive trend for the CLT market in Europe, potentially unlocking new opportunities for sustainable development and economic growth within the region.
References
0. – https://www.www.clt.info
1. – https://www.www.alliedmarketresearch.com
2. – https://www.www.researchdive.com
3. – https://www.www.grandviewresearch.com
4. – https://www.www.globenewswire.com
5. – https://www.www.forestbusinessnetwork.com
