Cross Laminated Timber Market Size

Cross Laminated Timber Market size was valued at USD 1.54 billion in 2024 and is expected to cross USD 8.65 billion by the end of 2037, registering more than 14.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cross laminated timber is estimated at USD 1.71 billion.

This market growth is estimated to grow on account of the growing need for cross laminated timers to cope with the increasing pollution around the world. The use of CLT helps in the reduction of carbon emissions from the overall construction process and promotes the use of renewable resources. Contribution of each form of renewable energy to the total primary energy consumption in the United States in 2022, 13.1% of the total energy came from renewable sources. Therefore, the growing demand for renewable sources is also driving the market growth.

Cross laminated timber, which is usually produced from sustainably harvested forests, is an environmentally friendly construction material. About 39% of yearly worldwide CO2 emissions originate from the built environment. Buildings activities account for approximately 26% of those total emissions every year, with infrastructure development and materials and construction (often referred to as embedded carbon) accounting for an additional close to 12% of the overall emissions annually. Hence, the implementation of CLTs is a major growth factor for the market development, since they help to reduce greenhouse gas emissions from the entire construction process and encourage the use of renewables.