Cross Laminated Timber Market Size Worth $2.07 Billion By 2025 August 2017 | Report Format: Electronic (PDF)
The global cross laminated timber market size is expected to be valued at USD 2.07 billion by 2025, according to a new report by Grand View Research, Inc. Rising awareness about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with rising number of cross laminated timber manufacturers and increasing demand for green homes are factors propelling the market growth.
The shift from concrete-based construction to wood-based construction along with supportive government initiatives around the world are positively influencing the market. In addition, decreasing overall cost of CLT construction owing to the increasing number of suppliers and shorter construction time is responsible for rise in demand.
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