The global Premium Grade Glue Laminated Timber market is forecast to reach USD 8.80 Billion by 2027, according to a new report by Reports and Data. The transition from concrete and steel construction to wood building materials is expected to stimulate market demand. Important attributes such as high insulation, promising thermal performance, and high chemical resistance should positively influence the market. Besides, the advantages such as low cost and ease of construction offered by Premium Grade Glue Laminated Timber compared to other construction materials have made it affordable for all customer segments.

The demand for wood-based residential constructions, including single-family houses and multi-family apartments, is increasing due to their aesthetic appeal and flexibility in design. Several benefits, such as improved fire resistance and durability of the product, are expected to increase market growth over the forecast period.

The residential and commercial segments are expected to collectively account for approximately 89 percent of global market revenues by 2027. The growing demand for these segments is attributed to the low cost of construction and the ease of maintenance of Premium Grade Glue Laminated Timber. Innovations in building and design technologies are expected to stimulate demand for Premium Grade Glue Laminated Timber products over the forecast period.

The easy availability of wood in the forests of central European countries and the presence of advanced wood processing industries are the main factors responsible for the growth of the market in Europe. Countries like Canada, the United States, Italy, Japan, Australia, and China are rapidly developing markets for Premium Grade Glue Laminated Timber.

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Key Players Profiled in the Report are:

Structural Wood Systems, Forest Timber Engineering Ltd., Boise Cascade, Mayr-Melnhof Holz Gaishorn GmbH, Ecocurves, Pfeifer Holz GmbH, Canfor Corporation, Setra Group AB, Binderholz GmbH, and Meiken Lamwood Corp.have been profiled in the report.

The report offers a segmentation analysis of the market to impart a better understanding of the market. The report segments the Premium Grade Glue Laminated Timber market on the basis of product types offered in the market, application spectrum, end-user industries, technologies, and key geographical regions of the market. The report also offers insights into the segment expected to show lucrative growth in the projected timeline.

Type Outlook (Revenue, USD Billion; 2017-2027)

• Premium Grade
• Framing Grade
• Industrial Grade
• Architectural Grade

Shape Outlook (Revenue, USD Billion; 2017-2027)

• Straight
• Curved
• Custom

Application Outlook (Revenue, USD Billion; 2017-2027)

• Residential
• Commercial
• Industrial

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Regional Segmentation Covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The report provides extensive coverage of the competitive landscape of the Premium Grade Glue Laminated Timber market with company profiles, product portfolio, revenue generation, financial standing, market reach, and global position. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.

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To summarize, the Global Premium Grade Glue Laminated Timber Market report is a dependable and authentic source for attaining crucial information and market insights to advance and boost your business significantly. The report studies all crucial aspects, such as present and future economic scenarios, beneficial opportunities, limitations, drivers and constraints, market growth rate, and risks.

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