Glue Laminated Timber Market Analysis

Glue Laminated Timber Market Analysis

Based on product, the glue laminated timber market is segmented as straight beams, curved beams, arch beams, columns, trusses, others. Straight beams held a majority market value of USD 0.9 billion in 2022. Straight glulam beams are widely used in structural applications, such as roof beams, floor beams, and columns in commercial and residential buildings. Moreover, an increasing usage will further accelerate the segmental growth.
 

Based on glue type, the glue laminated timber market is segmented as Phenol Formaldehyde (PF), Melamine Urea Formaldehyde (MUF), Polyurethane (PUR), Epoxy, Others. Phenol Formaldehyde held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace till 2032. PF glue offers excellent bonding strength, making it suitable for heavy-duty construction applications that require high load-bearing capacity.
 

Based on lamination configuration, the glue laminated timber market is segmented as Horizontal Lamination, Vertical Lamination, Diagonal Lamination. Horizontal lamination held a dominant market share in 2022 and is anticipated to grow at 3.5% CAGR through 2032. Horizontal laminations provide a simple and effective configuration that ensures structural integrity and strength in glulam beams. Thus, the high-quality services and growing usage of Glue laminated timber are anticipated to expedite the business statistics.
 

Based on application, the market is segmented as residential construction, commercial construction, industrial construction, bridges and infrastructure, others. Residential Construction held a dominant market share in 2022 and is anticipated to grow up to 2032. Glulam is a sustainable building material that appeals to environmentally conscious homeowners and builders.
 

U.S. dominated the North American region with majority glue laminated timber market share and a revenue of USD 0.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The increasing focus on sustainable and eco-friendly construction practices in North America drove the demand for glulam. As a renewable and environmentally friendly material, glulam gained popularity as a sustainable alternative to conventional building materials like steel and concrete. Thus, the above-mentioned variables would augment the Glue laminated timber business growth in the North America positively.