Cross Laminated Timber Market Set for 14.2% Growth, Projected to Reach Nearly USD 3.55 Billion by 2030

A growing number of environmentally friendly building materials and seismic capacity contributed to the residential application segment's over 40% global revenue share in 2023. Over the course of the forecast period, consumption is anticipated to rise in earthquake-prone regions like Mexico and Japan. The increased structural strength and recyclability of CLT are projected to propel market expansion in the residential sector.