Cross Laminated Timber Market Size, Share, Trends, Forecast, & Growth Analysis

The cross laminated timber market was estimated at USD 1.35 billion in 2022 and is likely to grow at a CAGR of 13.89% during 2023-2028 to reach USD 2.99 billion in 2028. Growing cognizance about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with the increasing number of cross-laminated timber manufacturers and surge in demand for green homes are the major factors fueling the market growth.