Market Size of Glue Laminated Beams Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 3.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Glue Laminated Beams Market Analysis
The market for Glue Laminated Beams is expected to grow at a CAGR of over 3% during the forecast period. Major factor which is driving the market studied is rapidly increasing demand from residential sector. Moisture absorbing capacity of wood is expected to hinder the growth of the market studied.
- Residential sector dominated the market and is expected to grow during the forecast period owing to the increasing demand for wooden structures across the globe.
- Europe dominated the market across the globe with the largest consumption from the countries such as Germany and Italy.
Glue Laminated Beams Industry Segmentation
The Glue Laminated Beams market report include:
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Glue Laminated Beams Market Size Summary
The Glue Laminated Beams market is poised for steady growth, driven primarily by the burgeoning demand from the residential sector. This demand is fueled by the increasing preference for wooden structures globally, particularly in Europe, where countries like Germany and Italy lead in consumption. Glue Laminated Beams, or Glulam, are engineered beams bonded with moisture-resistant adhesives, utilized in various structural applications such as beams, columns, and trusses. Despite the market's positive trajectory, challenges such as the moisture-absorbing capacity of wood may impede growth. However, the residential sector remains the dominant force in the market, with significant construction activities in countries like the United Kingdom, Sweden, and Germany, where the use of prefabricated wooden materials is on the rise.
Europe holds a significant share of the global Glue Laminated Beams market, supported by a robust construction sector and the presence of leading manufacturers such as Binderholz GmbH, Pfeifer Group, and Stora Enso. The region's focus on sustainable building practices and government initiatives, such as the United Kingdom's home building fund, further bolster market expansion. The demand for Glulam is expected to increase due to its cost-effectiveness, efficiency in construction, and resilience against earthquakes. This growth is anticipated to be supported by ongoing residential projects and government backing, positioning the Glue Laminated Beams market for continued development during the forecast period.
Glue Laminated Beams Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from the Residential Sector
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Moisture Absorbing Capacity of Wood
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Residential
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2.1.2 Non-Residential
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2.1.2.1 Commercial
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2.1.2.2 Industrial/Institutional
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2.1.2.3 Others
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Glue Laminated Beams Market Size FAQs
What is the current Glue Laminated Beams Market size?
The Glue Laminated Beams Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Glue Laminated Beams Market?
Binderholz GmbH, Pfeifer Group , Stora Enso , Mayr-Melnhof Holz and Hasslacher Holding GmbH are the major companies operating in the Glue Laminated Beams Market.