The glue laminated beams market share is expected to increase by 1.51 billion feet3 from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.28%.
This glue laminated beams market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers glue laminated beams market segmentation by application (residential, commercial, and others) and geography (Europe, North America, APAC, MEA, and South America).
What will the Glue Laminated Beams Market Size be During the Forecast Period?
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The glue laminated beams market report also offers information on several market vendors, including Binderholz GmbH, Boise Cascade Co., Calvert Co. Inc., Canfor Corp., HASSLACHER Holding GmbH, Mayr Melnhof Holz Holding AG, Pfeifer Holding GmbH, Setra Group AB, Stora Enso Oyj, and STRUCTURAL WOOD SYSTEMS among others.
Glue Laminated Beams Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the glue laminated beams market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Glue Laminated Beams Market?
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30% of the market’s growth will originate from Europe during the forecast period. UK and Germany are the key markets for glue laminated beams market in Europe. Market growth in this region will be slower than the growth of the market in other regions.
The growing regional building and construction industry will facilitate the glue laminated beams market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional glue-laminated beams market. However, in H2 2020, due to the availability of vaccines, the number of COVID-19 cases in the region declined. This led to an ease in COVID-19-related restrictions. As the work on several construction projects in the region resumed, the demand for glue-laminated beams rebounded. The growing government support for the use of sustainable construction materials such as timber will drive the growth of the regional glue-laminated beams market during the forecast period.
Glue Laminated Beams Market: Key Drivers, Trends, and Challenges
The superior properties of glue-laminated beams is notably driving the glue-laminated beams market growth, although factors such as uncertainties in construction projects may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glue-laminated beams industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Glue Laminated Beams Market Driver
The superior properties of glue-laminated beams is one of the key drivers supporting the glue laminated beams market growth. Glue-laminated beams do not need to be mined, unlike steel. They are not manufactured through high-energy demanding procedures, which are required for making cement and steel. The global construction industry is responsible for 35% of total greenhouse gas emissions produced by global economic activities. Thus, the transition toward renewable construction materials, such as timber, will help to lower these emissions. Additionally, they have high humidity and chlorine levels. Thus, the numerous superior properties of glue-laminated beams make them an ideal choice for residential and commercial construction applications. These factors will drive the growth of the global glue-laminated beams market during the forecast period.
Key Glue Laminated Beams Market Trend
Increasing strategic alliances of market players is another factor supporting the glue laminated beams market growth. For instance, in January 2022, Binderholz UK Holding GmbH, a subsidiary of the Austrian Binderholz GmbH, announced that it had acquired British BSW Timber Ltd., a sawmill group. With the acquisition, the company aims to become Europe’s largest group in the sawmill and solid wood processing industry. With the increasing demand for glulam beams from end-users, vendors are opting for M&A and strategic alliances to improve their market reach and customer base. These strategic alliances and partnerships among vendors are helping them enhance their operations and increase their geographical presence. Thus, such activities will drive the growth of the global glue-laminated beams market during the forecast period.
Key Glue Laminated Beams Market Challenge
The uncertainties in construction projects is one of the factors hindering the glue laminated beams market growth. The outbreak of the COVID-19 pandemic affected several construction projects, globally, in 2020. Several construction projects were put on hold due to the regulations imposed by governments for public safety. For instance, in November 2021, the Commission for Air Quality Management in India ordered to halt of construction activities in Delhi as an emergency step to tackle the deteriorating air quality in the city. All construction activities in the city, except the work related to the railways, the metro, the airport, bus terminals, and defense-related projects, were halted. The delays in construction activities in countries worldwide negatively affected the demand for glue-laminated beams. These challenges can negatively impact the growth of the global glue-laminated beams market during the forecast period.
This glue laminated beams market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the glue laminated beams market as a part of the global construction and engineering market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glue laminated beams market during the forecast period.
Who are the Major Glue Laminated Beams Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Binderholz GmbH
- Boise Cascade Co.
- Calvert Co. Inc.
- Canfor Corp.
- HASSLACHER Holding GmbH
- Mayr Melnhof Holz Holding AG
- Pfeifer Holding GmbH
- Setra Group AB
- Stora Enso Oyj
- STRUCTURAL WOOD SYSTEMS
This statistical study of the glue laminated beams market encompasses successful business strategies deployed by the key vendors. The glue laminated beams market is fragmented and the vendors are deploying growth strategies such as M&A, expansion projects, and increasing production capacity to compete in the market.
Product Insights and News
- Binderholz GmbH - The company offers glue laminated beams that includes products such as sawing products, lumber, profile wood, glued laminated timber, solid wood panels, chipboard pallets, chipboard blocks, pellets, briquettes
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The glue laminated beams market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
What are the Revenue-generating Application Segments in the Glue Laminated Beams Market?
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The glue-laminated beams market share growth in the residential segment will be significant during the forecast period. Glulam beams are used for residential constructions as they are cost-effective when compared to other alternatives such as steel. They offer great strength and stiffness as compared to similar-sized dimensional lumber. They are dimensionally stable and resist cupping and swelling. Thus, the extensive use of glulam beams for the construction of residential buildings will drive market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the glue laminated beams market size and actionable market insights on post COVID-19 impact on each segment.
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Glue-laminated Timber market - The market share is expected to increase by USD 1.12 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.24%.
Laminated Busbar market - The market share is expected to increase by USD 333.62 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.29%.
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Glue Laminated Beams Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.28% |
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Market growth 2022-2026 |
1.51 bn ft3 |
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Market structure |
Fragmented |
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YoY growth (%) |
4.06 |
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Regional analysis |
Europe, North America, APAC, MEA, and South America |
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Performing market contribution |
Europe at 30% |
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Key consumer countries |
US, UK, China, Germany, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Binderholz GmbH, Boise Cascade Co., Calvert Co. Inc., Canfor Corp., HASSLACHER Holding GmbH, Mayr Melnhof Holz Holding AG, Pfeifer Holding GmbH, Setra Group AB, Stora Enso Oyj, and STRUCTURAL WOOD SYSTEMS |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Glue Laminated Beams Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive glue laminated beams market growth during the next five years
- Precise estimation of the glue laminated beams market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the glue laminated beams industry across Europe, North America, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of glue laminated beams market vendors
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