A revolution is brewing in the construction industry and it’s made of wood. To be more precise, we are talking here about mass or laminated timbers, game-changers that are transforming the way we build tall and sustainable structures.
Timber, of course, has been a key component within the construction industry for centuries unlike mass timber, a family of engineered wood products manufactured by bonding smaller wood elements such as laminations, veneers or solid wood together with adhesives or mechanical fasteners. This creates robust, high-performance building components with exceptional strength and fire resistance and is a relatively recent development.
As a result, the global mass timber market is experiencing explosive growth, driven by a wide range of different factors. Estimates suggest that the market size reached around USD 1 billion in 2023. Experts anticipate continued strong growth, with projections suggesting the market will reach a staggering USD2 to 3.3 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 8% to 14.7%. Follow link to read more