![]() It is now used either as a standalone system or in combination with other building materials in the construction of mid-rise and high-rise buildings for residential and commercial purposes. In North America, CLT was first introduced during the early 2000s and, since then, its usage has gained momentum. This arrangement helps in improving the strength, rigidity, dimensional stability and mechanical properties of the panels, and makes them suitable for load-bearing construction. It is made by stacking layers of wood panel in alternating directions and bonding them with adhesives or fasteners. These insights are included in the report as a major market contributor.Ĭross laminated timber (CLT) is an engineered wood product which was developed in Europe during the early 1990s. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. ![]() Looking forward, IMARC Group expects the market to reach a value of US$ 304.6 Million by 2026, exhibiting a CAGR of 18.69% during 2021-2026. The North America cross-laminated timber market reached US$ 106.3 Million in 2020.
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