Australia and New Zealand Cross Laminated Timber Market Forecast Report 2024-2032, Featuring Key Players Stora Enso, KLH Massivholz, Binderholz and XLam Australia [Yahoo! Finance]
STORA ENSO OYJ ADR R SH (SEOAY)
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Source: Yahoo! Finance
Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering. The Australia and New Zealand cross laminated timber (CLT) market size reached US$ 105.7 Million in 2023 and is projected to reach US$ 526.9 Million by 2032, exhibiting a growth rate (CAGR) of 19.54% during 2023-2032. Cross-laminated timber (CLT) is a prefabricated and solid engineered wood panel comprising several layers of kiln-dried lumber boards, which are stacked in alternating directions, pressed to form solid, straight, rectangular panels, and bonded with structural adhesives. It is lightweight and strong with superior acoustic, fire, seismic, and thermal performance. Apart from this, it offers several advantages, such as aesthetic appeal, easy installation, and low greenhouse gas emissions. As a result, CLT is replacing traditional construction materials, such as steel, concrete, and cement. At present, there is a
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