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The growth of the mass timber market

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The growth of the mass timber market

27 November 2024
The mass timber industry is growing rapidly around the world driven by its sustainability, cost-efficiency, and regional economic benefits, with localised ecosystems emerging globally to support its adoption.
Editorial Team

The global mass timber market is projected to grow from $1.5 billion in 2020 to $3.7 billion by 2032, driven by sustainable construction trends in the US, Europe, and Asia-Pacific. 

Mass timber ecosystems combine sustainable forestry, advanced manufacturing, and innovative construction to create local value chains, benefiting economies, the environment, and regional industries. 

Key advantages include cost savings, carbon sequestration, job creation, sustainable forestry, and reduced reliance on international supply chains.

Regions like Bhutan, East Africa, Boston, and Detroit are fostering hyperlocal mass timber markets, with Detroit spearheading research and manufacturing initiatives. The Great Lakes region holds untapped potential to lead in this sustainable construction sector.

Jake Chidester
Original source:
Themes
Construction materials and circular construction