Global Wood Adhesives Market, By Product (Urea-Formaldehyde, Melamine Urea-Formaldehyde, Phenol-Formaldehyde, Isocyanate, Polyurethane, Polyvinyl Acetate, Soy-Based Wood Adhesive), Resin Type (Natural, Synthetic), Technology (Solvent- Based, Water- Based, Solventless), Application (Flooring and Desks, Plywood, Furniture, Cabinet, Particle Board, Windows and Doors), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The wood adhesives market is expected to witness market growth at a rate of 3.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on wood adhesives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing engineered wood-based panel production is escalating the growth of wood adhesives market.
Wood adhesive refers to adhesive that assists in bonding pieces of wood together. They usually used in furniture, shipbuilding, arts and crafts among others. Some of the most common wood adhesives are hide glue, epoxy, PVA glue and polyurethane among others. These adhesives are designed keeping in mind that there should be no gaps between wooden parts and are water resistant.
The extensive use of adhesive during their manufacturing process of engineered wood-based panels such as oriented strand board, particle board and plywood as they are produced by binding veneers with adhesive acts as one of the major factors driving the wood adhesives market. The rise in the demand for eco-friendly and green furniture, growing concerns among people regarding the abatement of trees and global warming and high demand of engineered wood-based panels among populations accelerate the wood adhesives market growth. The use of adhesive in house production and adhesive production is being a part of wood-based panel manufacturing in the woodworking industry further influences the wood adhesives market. Additionally, rapid urbanization, increase in disposable income, change in consumer lifestyle, increasing construction activities and infrastructural development positively affects the wood adhesives market. Furthermore, advancement in the product and application extend profitable opportunities to the wood adhesives market players in the forecast period of 2021 to 2028.
On the other hand, inadequate adhesive production and quality control capabilities of small to medium panel manufacturers and presence of a stringent regulatory framework related to the emission levels of formaldehyde during wood-based panel manufacturing are the factors expected to obstruct the wood adhesives market growth. The dependency on the operator’s knowledge, skill and experience for the formulation and monitoring of adhesive quality is projected to challenge the wood adhesives market in the forecast period of 2021 to 2028.
This wood adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on wood adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wood Adhesives Market Scope and Market Size
The wood adhesives market is segmented on the basis of product, resin type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the wood adhesives market is segmented into urea-formaldehyde, melamine urea-formaldehyde, phenol-formaldehyde, isocyanate, polyurethane, polyvinyl acetate and soy-based wood adhesive.
- On the basis of resin type, the wood adhesives market is segmented into natural and synthetic.
- On the basis of technology, the wood adhesives market is segmented into solvent- based, water- based and solventless.
- On the basis of application, the wood adhesives market is segmented into flooring and desks, plywood, furniture, cabinet, particle board and windows and doors.
Global Wood Adhesives Market Country Level Analysis
The wood adhesives market is analyzed and market size, volume information is provided by country, product, resin type, technology and application as referenced above.
The countries covered in the globally wood adhesives market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the wood adhesives market due to the growth of construction industry, especially in developing nations and increasing demand for engineered panels. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the growing non-residential construction and increase in consumer spending for furnishing homes in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wood Adhesives Market Share Analysis
The wood adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wood adhesives market.
The major players covered in wood adhesives market report are 3M, Ashland, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Avery Dennison Corporation, Adhesives Research, Inc., The Dow Chemical Company, Bostik, W.F. Taylor, LLC, Royal Adhesives & Sealants, Akzo Nobel N.V., Shanghai Donghe Adhesive Co.,Ltd., Georgia-Pacific Chemicals LLC, BASF SE among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.