Understanding Impact of COVID-19 on Cross Laminated Timber Market | #The global cross-laminated timber market was valued at US$ 712.74 Mn in 2017 and is anticipated to expand at a CAGR of 14.7% from 2018 to 2026 # according to a new report titled ‘Cross-laminated Timber Market: Global Industry Analysis # Size # Share # Growth # Trends # and Forecast # 2018–2026 #’ published by Transparency Market Research (TMR) The global cross-laminated timber market is driven by rising demand for cross-laminated timber and its increasing acceptance from the construction industry. Request PDF Brochure :https://www.transparencymarket....research.com/sample/ Rise in Demand for Cross-laminated Timber from the Construction Industry is projected to Drive the Market Cross-laminated timber offers various advantages over conventional construction materials such as concrete and steel. It is considered a highly advanced building material due to its superior properties. It is safe # acoustically sound # fire proof # seismically resilient # light in weight # and easy to transport and fabricate. Moreover # it can be prefabricated # which reduces construction time significantly. It is an eco-friendly and sustainable material. It is being increasingly used in the construction industry # mainly in residential construction. A rise in the use of cross-laminated timber in construction is anticipated to drive the market over the forecast period. REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarket....research.com/sample/ Construction by using cross-laminated timber (CLT) is a relatively new concept. CLT was first developed and used in Germany and Austria in the early 1990s. It was only after the mid- 1990s that extensive research on the product was conducted. By the 2000s # CLT was being used much widely in Europe # in single-storied as well as multi-storied buildings. The construction sector is largely dominated by the use of conventional materials such as concrete and steel. Construction using cross-laminated timber is currently more expensive as compared to that using concrete and steel. This is likely to restrain the market. Moreover # awareness about cross-laminated timber and its properties is low across the world. Cross-laminated timber can be used for constructing tall buildings # but its use is limited to low- and mid-rise buildings currently # as there are no codes and regulations available for the use of cross-laminated timber in construction. Explore Transparency Market Research’s award-winning coverage of the global Industry: https://www.prnewswire.com/new....s-releases/nanoemuls High degree of competition exists among market players operating in the cross-laminated timber market. The market is dominated by large players and is moderately consolidated. Key players account for a major share of the market. Major players profiled in the report are Stora Enso # Mayr-Melnhof Holz Holding AG # Binderholz Bausysteme GmbH # KLH Massivholz GmbH # HASSLACHER Holding GmbH # Structurlam Mass Timber Corporation # Nordic Structures # Ed. Zublin AG # Eugen Decker Holzindustrie KG # Sterling Lumber Company # Inc. # and W. u. J. Derix GmbH & Co.. Global Cross-laminated Timber Market # by Type Adhesive-bonded Cross-laminated Timber Mechanically Fastened Cross-laminated Timber Global Cross-laminated Timber Market # by Application Residential Buildings Educational Institutes Government/Public Buildings Industrial & Commercial Spaces About Us: Transparency Market Research is a global market intelligence company # providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts # Researchers # and Consultants # use proprietary data sources and various tools and techniques to gather # and analyze information. Our data repository is continuously updated and revised by a team of research experts # so that it always reflects the latest trends and information. With a broad research and analysis capability # Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.