North American cross-laminated timber market forecast to surge by 2032

The North American cross-laminated timber market size was valued at US$ 179.4 million in 2023. Projections indicate the market will reach US$ 655.6 million by 2032, demonstrating a compound annual growth rate (CAGR) of 15.5% from 2023 to 2032. Key factors driving market growth include the rising demand for sustainable construction materials, advancements in architectural innovation and design flexibility, and significant improvements in wood processing technologies. These advancements, coupled with the development of engineered wood products that enable faster construction and cost savings, are critical drivers of market expansion. Leading market players are increasing ...