Wood Adhesives Market is expected to rise from its initial estimated value of USD 4.09 billion to an estimated value of USD 5.33 billion by 2026, registering a CAGR of 3.37% in the forecast period of 2020-2026.
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.
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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.
Segmentation: Global Wood Adhesives Market
- By Resin Type (Natural, Synthetic)
- By Technology (Solvent- Based, Water- Based, Solventless)
- By Application (Flooring & Desks, Plywood, Furniture, Cabinet, Particle Board, Windows & Doors),
- By Product (Urea-Formaldehyde, Melamine Urea-Formaldehyde, Phenol-Formaldehyde, Isocyanate, Polyurethane, Polyvinyl Acetate, Soy-based wood adhesive)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
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.
Market Drivers:
- Increase in the urbanization and remodelling and renovation activities are driving the market.
- Increasing construction activities worldwide is driving this market.
Market Restraints:
- 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.
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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
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