Global Wood Adhesives Market By Resin Type (Natural, Synthetic), Technology (Solvent- Based, Water- Based, Solventless), Application (Flooring & Desks, Plywood, Furniture, Cabinet, Particle Board, Windows & Doors), Product (Urea-Formaldehyde, Melamine Urea-Formaldehyde, Phenol-Formaldehyde, Isocyanate, Polyurethane, Polyvinyl Acetate, Soy-based wood adhesive), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Wood Adhesives Market
Global Wood Adhesives Market is expected to rise from its initial estimated value of USD 4.09 billion in 2018 to an estimated value of USD 5.33 billion by 2026, registering a CAGR of 3.37% in the forecast period of 2019-2026. Increase in the demand for wooden furniture is the major factor for the increase in this market.
Market Definition: Global Wood Adhesives Market
To bond pieces of wood together an adhesive is used called wood adhesive. They are usually in furniture, shipbuilding, arts and crafts etc. PVA glue, hide glue, epoxy, cyanoacrylate glue, polyurethane etc. are some of the wood adhesives. Wood adhesive are designed so that there should be no gaps between wooden parts and are water resistant.
- Increase in the urbanization and remodelling and renovation activities are driving the market.
- Increasing construction activities worldwide is driving this market.
- Many woods adhesive contain formaldehyde known as carcinogen which is linked with the formation of the cancer.
- Availability of substitute’s material in the market is restraining the growth.
Segmentation: Global Wood Adhesives Market
- By Resin Type
- By Technology
- Solvent- Based
- Water- Based
- By Application
- Flooring & Desks
- Plywood, Furniture
- Particle Board
- Windows & Doors
- By Product
- Melamine Urea-Formaldehyde
- Polyvinyl Acetate
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:
- In October 2018, Bostik announced the launch of their new hot melt adhesive Kizen HEAT. This new product is based on water- white technology, and has good thermal stability and is adhesion to different substrates.
- In July 2017, Hexion launched their new two- component adhesive system- Ecobind 6500 resins and Wonderbond Hardener M660Y. This new adhesive will enhance the durability and supports indoor air quality and reduces clean up and waste costs.
Global wood adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wood adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in wood adhesives market 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, Taylor. W.F. Taylor, LLC., Royal Adhesives & Sealants, Akzo Nobel N.V., Shanghai Donghe Adhesive Co.,Ltd., Georgia-Pacific Chemicals LLC., BASF SE.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved