Maritime Intelligence Solution Market Market Size, Challenges, Opportunities, Forecast, Trends
Mass Timber Market Overview The Mass Timber Market was valued at USD 4.5 billion in 2024 and is projected to reach USD 10.2 billion by 2033, growing at a compound annual growth rate (CAGR) of 9.5% between 2026 and 2033. Mass timber—comprising engineered wood products like cross-laminated timber (CLT), glue-laminated timber (glulam), and nail-laminated timber (NLT)—is gaining traction due to its sustainability, aesthetic appeal, and structural performance. The growing emphasis on reducing carbon emissions in construction, coupled with government support for green buildings, is fueling widespread adoption. Urbanization, advancements in building codes, and demand for prefabricated construction solutions are also accelerating market penetration. Innovations in fire-resistant and high-rise mass timber designs have expanded its use in commercial, residential, and institutional structures. Key trends shaping the industry include carbon accounting in material sourcing, digiti...