Australia and New Zealand CLT Market

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    Australia and New Zealand CLT Market
Impelled by Demand for Green Buildings

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Report Description and Highlights
Report Description
Australia and New Zealand CLT Market Impelled by
Demand for Green Buildings The growth of the
Australia and New Zealand CLT market can be
accredited to the advantageous characteristics of
CLT, rising environmental concerns among the
governing bodies, introduction of green building
policies, and increasing applications in
commercial and infrastructural projects. The
latest report by IMARC Group, titled Australia
and New Zealand Cross Laminated Timber (CLT)
Market Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023, estimated
that the cross laminated timber market in
Australia and New Zealand reached a volume of XX
Cubic Meters and XX Cubic Meters, respectively.
Cross-laminated timber (CLT) arrived in Australia
and New Zealand later than in Europe and North
America, and rapidly gained popularity within the
engineering community. It is preferred across
both the residential and non-residential sectors
owing to its advantageous characteristics such as
dimensional stability, versatility, strength,
easy and faster installation, low greenhouse gas
emissions, light weight, and aesthetic
appearance. On account of growing environmental
concerns, the demand for green buildings is
increasing in Australia and New Zealand. In line
with this, builders are focusing on better
construction practices and opportunities for
innovation with new materials and techniques as
well as business strategies and industry
transformation. CLT has been identified as one of
the materials with prospects for contribution in
all of these areas.
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Report Description and Highlights
Report Description
Australia and New Zealand CLT Market
Drivers The eco-friendly nature of CLT makes
it a promising alternative to concrete as a core
construction material. Owing to this, the
governments in Australia and New Zealand are
encouraging consumers to shift towards wood
panels. For instance, Tasmania has adopted a
state-wide Wood Encouragement Policy (WEP),
whereas, the Rotorua Lakes Council in New Zealand
is encouraging the use of natural timber-based
products in construction. As a result, the share
of green-rated buildings is further anticipated
to increase, thereby intensifying the demand for
CLT in infrastructural constructions. Moreover,
technical advancements coupled with the aesthetic
value of CLT has led several construction
companies in Australian and New Zealand to build
structures over 10 storeys in commercial spaces.
Due to these factors, the cross laminated timber
market in Australia is projected to reach a
volume of XX Cubic Meters by 2023, growing at a
CAGR of XX during 2018-2023. On the other hand,
the New Zealand cross laminated timber market is
projected to reach a volume of XX Cubic Meters by
2023, registering a CAGR of XX over the
forecasted period. Read more here
https//www.imarcgroup.com/australia-newzealand-cl
t-market
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Report Description and Highlights
Report Description

• Australia and New Zealand CLT Market Summary
• Breakup by Application
• In Australia, the CLT market has been segmented
  as detached houses, residential units and
  non-residential units. Currently, non-residential
  units dominate the market, holding the largest
  share. This can be attributed to the growing
  preference for sustainable building materials
  like CLT which reduce fresh water consumption,
  enhance indoor environment quality and help in
  keeping the environment clean by generating zero
  waste during production.
• In New Zealand, the market has been bifurcated
  into residential and commercial units. Amongst
  these, residential units exhibit a clear
  dominance as cross-laminated timber is better
  suited for multi-storey buildings.
• Some of the major players operating in the
  Australia and New Zealand CLT market include KLT,
  StoraEnso, Binderholz and XLam.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  1003flagB

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Report Description and Highlights
Browse More Related Reports  Cross-Laminated
Timber Market https//www.imarcgroup.com/cross-la
minated-timber-manufacturing-plant North America
Cross-Laminated Timber Market https//www.imarcgr
oup.com/north-america-cross-laminated-timber-marke
t
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Report Description and Highlights
Report Description

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