Dublin, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The "Australia Glue Laminated Timber Market (2024-2030): Outlook, Industry, Analysis, Forecast, Trends, Value, Growth, Size, Revenue, Share & Companies" report has been added to ResearchAndMarkets.com's offering.
Australia's Glue Laminated Timber market has witnessed steady growth, primarily propelled by the increasing trend towards sustainable construction. This growth is evident through significant projects such as the commissioning of a new $23 million Glulam Plant in Maryborough, alongside a $300 million timber building program, among others.
The positive trajectory is set to persist, driven by sustained construction activity and government housing initiatives like the Indigenous Home Ownership Program (IHOP) and the Residential Growth Initiative. Furthermore, the housing sector is experiencing robust growth, with 5,500 construction projects currently underway, collectively valued at $647 billion between 2021-22 and 2025-26. Private construction projects represent the major share of this demand, with an estimated expenditure of $319 billion (78%). Within this segment, private building projects, totalling $271 billion, with $183 billion allocated to private residential activity, are significant contributors to the glulam market's expansion.
Australia's Glue Laminated Timber market size is projected to grow at a CAGR of 6.7% during 2024-2030F. The government's commitment to achieving net-zero emissions by 2050, coupled with the increasing adoption of sustainable building practices and environmentally friendly materials, is further fuelling the demand for glue laminated timbers as a primary resource in construction and infrastructure projects across Australia.
The escalation in construction endeavours, including residential developments such as the $1 billion investment project at 28 Montague Street in Melbourne and the Pentridge Prison redevelopment slated for 2025, alongside Eighty-Eight O'Connell anticipated by 2029, is driving the demand for glulam during the forecast period.
Key Attractiveness of the Report
- 10 Years Market Numbers
- Historical Data Starting from 2020 to 2023
- Base Year: 2023
- Forecast Data until 2030
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Market Segmentation by Type
Structural glue-laminated timbers held a dominant share in glue laminated timber market as it suitable for a wide range of structural applications, including beams, columns, and trusses in residential, commercial, and industrial construction projects. Furthermore, 5,500 ongoing infrastructure construction projects in Australia with a total estimated value of $647 billion, set to take place from 2021-22 to 2025-26 which are further expected to contribute to the demand for structural glue laminated timbers.
Market Segmentation by Application
Glulam floor and roof beams acquire the largest market share as they are essential structural support for buildings, distributing weight evenly and ensuring stability. They are versatile and can support various floor systems and roof configurations. Compared to traditional materials, glulam beams are more affordable, easier to manufacture, transport, and install, and can reduce construction time and labor costs, contributing to overall project savings.
Market Segmentation by End Use
Residential sector includes single-family homes, multi-unit dwellings, and residential developments garners maximum share in glue laminated timber market due to substantial number of timber housing projects being carried out across Australia. Furthermore, the government is planning to construct between 240,000 to 248,000 new homes annually which expected to drive demand for glulam in coming years.
Key Highlights of the Report
- Australia Glue Laminated Timber Market Outlook
- Historical Data and Forecast of Australia Glue Laminated Timber Market Revenues and Volume for the Period 2020 - 2030F
- Australia Glue Laminated Timber Market Evolution & Trends
- Australia Glue Laminated Timber Market Drivers & Restraints
- Australia Glue Laminated Timber Market Porter's Five Forces
- Australia Glue Laminated Timber Market Industry Life Cycle
- Historical Data and Forecast of Australia Glue Laminated Timber Market Revenues, By Type 2020 - 2030F
- Historical Data and Forecast of Australia Glue Laminated Timber Market Revenues, By Application 2020 - 2030F
- Historical Data and Forecast of Australia Glue Laminated Timber Market Revenues, By End Use 2020 - 2030F
- Key Performance Indicators
- Market Opportunity Assessment
- Australia Glue Laminated Timber Market Top Companies Market Ranking
- Australia Glue Laminated Timber Market Competitive Benchmarking By Technical and Operational Parameters
- Company Profiles
- Key Strategic Recommendations
- Market Scope and Segmentation
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Australia Glue Laminated Timber Market Overview
3.1 Australia Glue Laminated Timber Market Revenues and Volume, 2020-2030F
3.2 Australia Glue Laminated Timber Market Industry Life Cycle
3.3 Australia Glue Laminated Timber Market Porter's Five Forces
4. Australia Glue Laminated Timber Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Australia Glue Laminated Timber Market Trends and Evolution
6. Australia Glue Laminated Timber Market Overview, By Type
6.1 Australia Glue Laminated Timber Market Revenue Share and Volume Share, By Types
6.2 Australia Glue Laminated Timber Market Revenues and Volumes, By Types
7. Australia Glue Laminated Timber Market Overview, By Application
7.1 Australia Glue Laminated Timber Market Revenue Share and Revenues, By Application, 2020-2030F
7.1.1 Australia Glue Laminated Timber Market Revenues, By Floor & Roof Beams, 2020-2030F
7.1.2 Australia Glue Laminated Timber Market Revenues, By Supporting Columns, 2020-2030F
7.1.3 Australia Glue Laminated Timber Market Revenues, By Roof Trusses, 2020-2030F
7.1.4 Australia Glue Laminated Timber Market Revenues, By Windows and Door Handles, 2020-2030F
7.1.5 Australia Glue Laminated Timber Market Revenues, By Others, 2020-2030F
8. Australia Glue Laminated Timber Market Overview, By End Use
8.1 Australia Glue Laminated Timber Market Revenue Share and Revenues, By End Use, 2020-2030F
8.1.1 Australia Glue Laminated Timber Market Revenues, By Residential, 2020-2030F
8.1.2 Australia Glue Laminated Timber Market Revenues, By Non-Residential, 2020-2030F
9. Australia Glue Laminated Timber Market - Key Performance Indicators
10. Australia Glue Laminated Timber Market Opportunity Assessment
10.1 Australia Glue Laminated Timber Market Opportunity Assessment, By Type
10.2 Australia Glue Laminated Timber Market Opportunity Assessment, By Application
10.2 Australia Glue Laminated Timber Market Opportunity Assessment, By End Use
11. Australia Glue Laminated Timber Market, Competitive Landscape
11.1 Australia Glue Laminated Timber Market Company Ranking, 2023
11.2 Australia Glue Laminated Timber Market Competitive Benchmarking, By Technical Parameters
11.3 Australia Glue Laminated Timber Market Competitive Benchmarking, By Operating Parameters
12. Company Profiles
- Megabeam
- The Tilling Group
- Parkside Timber
- Australian Sustainable Hardwoods
- Hyne & Son
- Vicbeam
- Warrnambool Timber Industries
- Xlam
- Timberlink Australia
For more information about this report visit https://www.researchandmarkets.com/r/22fkcr
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