Japan Cross Laminated Timber Market Overview 2018, Demand by Regions, Share and Forecast to 2023

by Zayn Mathew Market Research Reports

Over the recent years, the Japan cross laminated timber market has been witnessing a robust growth on account of several initiatives undertaken by the Government. This growth can also be accredited to the design flexibility, cost-effective nature and environment-friendly advantages of cross laminated timber.

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According to the latest report by IMARC Group, titled “Japan Cross Laminated Timber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Japan cross laminated timber market reached a volume of 68,224 Cubic Metre in 2017. Cross laminated timber refers to a prefabricated engineered wood panel which is made from two or three layers of solid sawn lumber. Each layer of the panel is placed perpendicular to the adjacent layer and are usually combined together in odd numbers using an adhesive, beech screws, dowels and aluminium nails. In Japan, cross laminated timber has been gaining popularity owing to its cost-effectiveness, design flexibility and eco-friendly properties. Moreover, in comparison with conventional building materials like concrete and steel, cross laminated timber is considered a sustainable building material due to which it finds vast applications in residential building, educational institutes, government building, and commercial as well as industrial spaces.

Immense support from the government of Japan has been the primary growth-inducing force for the market growth. In the year 2010, the Government implemented the Promotion of Use of Wood in Public Buildings Act, based on which all the government buildings, up to three stories high, have to be constructed using wood.

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