Global Cross Laminated Timber Market is estimated to be US$ 2838.36 million by 2030 with a CAGR of 1

Abhi795420 May, 2022Business

Global Cross Laminated Timber Market accounted for US$ 954.23 million in 2020 and is estimated to be US$ 2838.36 million by 2030 and is anticipated to register a CAGR of 11.50%. Cross-laminated timber (CLT) is a wood panel product made from gluing layers of solid-sawn lumber together. Each layer of boards is leaning perpendicular to neighboring layers and pasted on wide faces of each board, usually in a symmetric way so that the outer layers have the same orientation. An odd number of layers is most common, but there are arrangements with even numbers as well.