The
Australia and New Zealand cross-laminated timber (CLT) market reached a volume of XX Cubic Meters. Looking forward, the market to grow at a CAGR of XX% during the forecast period (2021-2026)., according to a new report by IMARC Group.
Cross-laminated timber (CLT) is a prefabricated wood panel that is manufactured by gluing multiple layers of solid-sawn lumber together. These layers are stacked at a perpendicular angle to provide structural rigidity and increase the splitting resistance of the product. CLT is flexible, light in weight, cost-effective, offers high strength, and has a low environmental impact. As a result, it is replacing conventional construction materials, such as steel and cement, in Australia and New Zealand for constructing high-rise buildings, bridges, parking structures and pavilions.