Cross Laminated Timber Market Set for Rapid Expansion: Projected to Reach USD 3.55 Billion by 2030 with a 14.2% CAGR

Thanks to the growing use of eco-friendly building materials and seismic capacity, the residential application segment accounted for more than 40% of the global revenue share in 2023. Over the course of the forecast period, consumption is anticipated to increase in earthquake-prone areas like Japan and Mexico.