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Mar 11, 2024

Slow growth forecast for glulam market

The North America glue-laminated timber market size reached 429,600 cubic metres in 2023 and the market is projected to reach 439,100 cubic metres by 2032, says a report by Research and Markets. Glue-laminated timber, also known as glulam, refers to a structural engineered wood product manufactured by adhering layers of dimensional lumber with glue. It is non-corrosive, eco-friendly, strong, durable, and lightweight, which drives market growth. Also driving the market, glulam helps in waste reduction by minimizing the disposable costs and product damage. As a result, glulam is employed as an attractive architectural and structural building material for columns, beams, headers, and heavy trusses in buildings.

North America represents one of the largest markets for glue-laminated timber accounting to the escalating applications in residential and commercial buildings. Rapid renovation activities for distinctive structural purposes have also fueled the demand of glue-laminated timber in the region.

Recent technical advancements and usage of glue-laminated timber along with other engineering wood products such as cross-laminated timber has also induced the market growth. Apart from this, rising environmental concerns have resulted in the replacement of natural timber with engineered wood products which will continue to spur the demand in the upcoming years.

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