Paulownia elongata is planted as a forestry tree producing strong, yet light, wood. It is grown for lumber in North America and China.
Commercial plantations are normally established from selected clones resulting from micropropagation
They are known to grow up to 15 feet (4.6 m) or more in the first year. It is reportedly the fastest growing hardwood tree. Some proponents claim that P. elongata plantations can reach a harvestable size in five to seven years.