Cross Laminated Timber Market Report 2026

The cross laminated timber market size has grown rapidly in recent years. It will grow from $1.9 billion in 2025 to $2.25 billion in 2026 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to growth in sustainable building practices, early adoption of engineered wood systems, expansion of prefabricated construction methods, availability of certified timber resources, rising acceptance of timber in structural applications.

The cross laminated timber market size is expected to see rapid growth in the next few years. It will grow to $4.38 billion in 2030 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to increasing investments in low-carbon construction, rising adoption of tall timber buildings, expansion of off-site construction models, growing regulatory support for mass timber, technological advancements in engineered wood products. Major trends in the forecast period include increasing adoption of mass timber construction, rising use of clt in multi-story buildings, growing demand for prefabricated structural panels, expansion of hybrid timber-concrete structures, enhanced focus on structural fire performance.

The rise in construction activities is expected to drive the growth of the cross-laminated timber market in the coming years. Construction activity includes all operations associated with building and development at a construction site. Timber is widely used in the construction of components such as doors, windows, cabinets, cupboards, shelves, tables, and railings, which increases the adoption of cross-laminated timber in construction projects. For example, in June 2023, Construction Digital, a UK-based construction industry platform, reported that the UK construction sector is projected to grow by 12% in 2024, followed by an additional 3% growth in 2025. Therefore, increasing construction activity is expected to support the expansion of the cross-laminated timber market.

Companies operating in the cross-laminated timber (CLT) market are increasingly focusing on innovation in production facilities to meet growing demand for sustainable building materials. Advanced CLT manufacturing facilities are specialized plants where timber boards are layered and bonded at right angles to create strong, durable, and environmentally friendly panels for construction use. For instance, in March 2024, Timberlab, a US-based engineered wood products manufacturer, announced the launch of a new CLT production facility in Oregon. This facility is designed to expand CLT panel output, support sustainable construction practices, and serve both commercial and residential building needs. Key features include automated panel manufacturing, precision lamination technology, and scalable production capacity, with applications ranging from modular construction to mid- and high-rise buildings. The facility offers benefits such as reduced construction timelines, lower carbon emissions, and high structural performance.

In June 2023, Mercer International Inc., a US-based manufacturing company, acquired Structurlam Mass Timber Corporation for an undisclosed amount. Through this acquisition, Mercer International aims to broaden its operational footprint and reinforce its position in the North American mass timber market. Structurlam Mass Timber Corporation is a Canada-based manufacturer specializing in engineered mass timber products for commercial, residential, and institutional construction projects.

Major companies operating in the cross laminated timber market are Mayr-Melnhof Holz Holding AG, Stora Enso Oyj, Binderholz GmbH, KLH Massivholz GmbH, Structurlam Mass Timber Corporation, XLam Limited, Smartlam NA, HASSLACHER Gruppe, Schilliger Holz AG, Eugen Decker Holzindustrie KG, Ante Group, Meiken Lamwood Corporation, Nordic Structures, DRJ Wood Innovations, Zueblin Timber GmbH, Holz100, Lignotrend Produktions GmbH, Massiv Lustenau GmbH, Freres Lumber Co Inc, Crosslam Australia Pty Ltd, Stora Enso Building Solutions AB, Pfeifer Group.

Europe was the largest region in the cross laminated timber market in 2025. Asia-Pacific is expected to be the fastest-growing region in the cross-laminated timber market report forecast period. The regions covered in the cross laminated timber market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cross laminated timber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cross laminated timber market consists of sales of laminations, adhesives, lamination joints, sawn, glued, and layered wood. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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