Glued Laminated Timbers and Cross Laminated Timbers Market size was valued at USD 15.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.1% from 2026 to 2033, reaching USD 25.2 Billion by 2033.
The South Korea Glued Laminated Timbers (GLT) and Cross Laminated Timbers (CLT) market is witnessing a surge in demand due to the growing need for sustainable construction materials. These two types of engineered wood products have gained traction among the construction and architecture industries as they offer numerous benefits like strength, versatility, and environmental friendliness. The trend of using these materials aligns with South Korea's increased focus on eco-friendly construction practices and the government’s initiatives promoting green buildings.
Both GLT and CLT are highly valued for their ability to replace traditional building materials like concrete and steel, offering similar strength with a fraction of the carbon footprint. GLT is typically used for beams and columns, while CLT is often employed in floor and wall panels. The versatility of these products has made them increasingly popular in South Korea, particularly in the growing construction sector, where large-scale projects, such as multi-story buildings and commercial spaces, are on the rise.
The requirement for GLT and CLT has been driven by several industries. The construction sector remains the largest consumer, particularly in residential, commercial, and institutional buildings, where sustainability is a critical factor. The transportation industry is also exploring the use of laminated timber products for vehicle interiors and exterior components, owing to their lightweight nature and aesthetic appeal. Additionally, the government’s push towards green building certifications like LEED (Leadership in Energy and Environmental Design) is further boosting the market for these timber solutions.
In recent years, the market for GLT and CLT has been expanding rapidly as architects and developers seek ways to integrate more renewable resources into their designs. With a growing emphasis on sustainability, the demand for these innovative timber products is set to continue its upward trajectory in South Korea. As technology advances, the cost-effectiveness and availability of GLT and CLT are also improving, making them even more attractive to a variety of industries seeking environmentally responsible alternatives to traditional building materials.
Thus, the South Korea Glued Laminated Timbers and Cross Laminated Timbers market is poised for significant growth, fueled by the increasing demand for sustainable construction materials and the evolving requirements of industries across the board. The continuous development of these timber products promises a brighter, greener future for the country’s construction and design landscape.
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Boise Cascade
Calvert Glulam
Katerra
Structurlam
Sterling
Western Structures
Freres Lumber
DR Johnson Wood Innovations
StructureCraft
Pfeifer Group
Canfor Corporation
Setra Group
Schilliger Holz
Nordic Karelian Group
Mayr-Melnhof Holz
Binderholz GmbH
B&K Structures
KLH Massivholz
Hasslacher
Stora Enso
ZüBLIN Timber
Lignotrend
Eugen Decker
Meiken Lamwood Corp
Glulam Ltd
Buckland Timber
Simonin
Rubner Gruppe
Xihuan Wood
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Glued Laminated Timbers and Cross Laminated Timbers Market
Glued Laminated Timbers (GLT)
Cross Laminated Timbers (CLT)
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure Projects
Building and Construction
Furniture Manufacturing
Transportation
Energy
Manual Production
Automated Production
Thin Laminates
Medium Laminates
Thick Laminates
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Glued Laminated Timbers and Cross Laminated Timbers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Glued Laminated Timbers and Cross Laminated Timbers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Glued Laminated Timbers and Cross Laminated Timbers Market, By Type
6. South Korea Glued Laminated Timbers and Cross Laminated Timbers Market, By Application
7. South Korea Glued Laminated Timbers and Cross Laminated Timbers Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Glued Laminated Timbers and Cross Laminated Timbers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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