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Cross laminated timber (CLT) market is an increasingly vital component of the global construction industry. This market is experiencing rapid growth due to the numerous benefits of using CLT, such as sustainability, structural integrity, and construction efficiency. This response will provide a detailed analysis of the CLT market's current state, future growth prospects, and key factors influencing its dynamics.
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Global Cross Laminated Timber Market: Industry, Size, Share, Growth, Trends and Forecast, 2019–2029 February 2021 Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
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Research Methodology 2.This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario. 3.This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and Applications of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years. • 4. This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity. 1. This step involves identification of several primary and secondary data research sources, including Prophecy internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and Others and non Others agencies websites. This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Objective To analyze several micro-market indicators considering growth factors, market prospects, and strategic market contribution To examine competitive scenarios such as collaborations, mergers and acquisitions, R&D activities, and advanced developments Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Process Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology Global Market Size Market/Revenue share split by each market segment such as By Type Fracturing Fluids/Fracturing Fluids sector/end user Market/Revenue share of each key player in each Type segment Market/Revenue share of each key player in the global market Market/Revenue share split by each region and country in the global market • Top-down Approach – • Market size and analysis validation through primary and secondary research participants and key opinion leaders. • Primary Sources: • Demand Side Key Opinion Leaders • Supply Side Key Opinion Leaders • Secondary Sources: • Annual Reports • Financial Reports and Presentations • Press Releases • Research Journals • Paid Data Sources • Bottom-up Approach – • Collection of market related data and information from primary and secondary sources, and data analysis. • Primary Sources: • Demand Side Key Opinion Leaders • Supply Side Key Opinion Leaders • Secondary Sources: • Annual Reports • Financial Reports and Presentations • Press Releases • Research Journals • Paid Data Sources Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Research Methodology Definition and Scope – Prophecy Market Insightsprovide the market definition to understand the target Type/service and provide the market scope to understand the report coverage after thoroughly understanding of target market and market specific requirements. Primary Research – We formulates a detailed discussion guide to perform primary research. In primary research collection of data is performed through telephonic interview, E-mail questionnaire’s, and in-depth discussion with industry experts, manufacturers, suppliers, and distributors. The primary research participant includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and etc. Secondary Research – Our research analyst performs in-depth secondary research and extensive data mining to collect market related information through various authentic data sources such as Annual Reports, Trade Publications, Magazines, Research Publications, Company Press Release, and some paid data sources. In-house Data Analysis – After extensive data mining, we perform in-house market analysis by using various data tools, statistical methods, and data analysis tools to arrive on a conclusion and reduce the margin of error. We provide our overviews and market forecast for the target market after thoroughly understanding and analyzing of collected data, historic market trends, and research outputs. Report Delivery – Prophecy Market Insights provide report in required electronic format (preferably in PDF format), as PDF format is easy to read and present. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Scope & Coverage The report considers 2019 as the base year. All calculations involving quantitative data are based on 2019. The values represented in the report are actual values for 2019, whereas, the values are estimated for the period 2020−2029. Base Year Estimated Year Forecast Years Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Market Segmentation Global Cross Laminated Timber Market By Type By Region By Application • North America • Europe • Asia Pacific • Latin America • Middle East & Africa • Adhesive-bonded CLT • Mechanically Fastened CLT • Residential • Commercial • Others Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Currency Conversion Currency Conversion 2013-2018 The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate (January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below represents the standard conversion rates used in the report. Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (1/9) Overview • The global cross-laminated timber market size was valued at USD 558.6 million in 2016 and is projected to grow at a CAGR of 15.7% over the forecast period. Global sustainability concerns coupled with rising awareness about wood as a building material among consumers are the factors likely to boost the market growth in the coming years. Transitioning consumer preferences for wood-based construction along with low cost, high thermal performance, and insulation properties are expected to drive the market growth over the forecast period. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (3/9) Table 2.1: Global Cross Laminated Timber Market Overview Source: Prophecy Market Insights To be Continued … Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (4/9) Table 2.2: Global Cross Laminated Timber Market Overview Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (5/9) Description Figure 2.1: Global Cross Laminated Timber Market Value Share (%), By Type – 2020 (E) • The global cross laminated timber market size is expected to be valued at USD 2.07 billion by 2025. • 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. Analysis • The adhesive bonded segment accounted for 88.0% of the global cross-laminated timber market share in 2016. This segment is expected to witness considerable demand over the next eight years on account of greater strength and seismic performance. However, growing environmental concerns regarding the use of adhesives, due to its carbon emission properties, are anticipated to hamper its demand. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary (6/9) Figure 2.2: Global Portable Figure 2.3: Global Cross Laminated Timber Market Value Share (%), By Application - 2020(E) Figure 2.2: Global Cross Laminated Timber Market Value Share (%), By Application – 2020 (E) Figure 2.4: Global Cross Laminated Timber Market Value Share (%), By Region – 2019 (E Analysis and Outcome • The demand for cross-laminated timber in North America was valued at USD 118.8 million in 2016. The abovementioned growth can be attributed to the increasing use of cross-laminated timber in institutional as well as residential applications. The growing consumer demand for stylish and luxury apartments is likely to have a positive impact on industry growth. Ascending product use in residential applications such as walls, floors, and ceilings is also expected to account for market growth. North America is likely to remain the second-largest market from 2017 to 2025. Source: Prophecy Market Insights Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
Executive Summary Market at Glance (2020) Europe: XX Mn CAGR: XX% North America: XX Mn CAGR: XX% APAC: XX Mn CAGR: XX% Latin America: XX Mn CAGR: XX% MEMA: XX Mn CAGR: XX% Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved
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