Top 5 Cross-Laminated Timber Manufacturers Worldwide IMARCGroup.com
Cross-laminated timber (CLT) refers to a modern and sustainable building material which is gaining traction across the globe. The growing demand for CLT can be accredited to the advantages offered by it over the conventional building materials like steel and concrete. CLT is environment-friendly, consumes low energy and assists in minimizing the on-site construction time as well as waste. Owing to the changing building regulations, the applications of CLT is expanding especially in the construction of high-rise buildings. According to the latest report by IMARC Group, the global cross-laminated timber market reached a value of US$ 664 Million in 2018, growing at a CAGR of more than 16% during 2011-2018. CLT was initially manufactured in the 1990s in Europe and has now spread to other parts of the globe. Given below is a list of the top 5 CLT manufacturers that are anticipated to dominate the market in 2019: Stora Enso Stora Enso was formed in the year 1998 when the Swedish m