The Wood Adhesives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wood Adhesives Global Market Report 2024, The wood adhesives market size has grown strongly in recent years. It will grow from $5.13 billion in 2023 to $5.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to construction and furniture industries, housing and infrastructure development, consumer preferences for wooden products, renovation and remodeling activities, global woodworking trends.
The wood adhesives market size is expected to see strong growth in the next few years. It will grow to $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to sustainable and eco-friendly practices, rising demand for engineered wood products, urbanization and interior design trends, focus on high-performance adhesives, wooden flooring applications. Major trends in the forecast period include increasing application of hot-melt adhesives, rising importance of digital printing in wood paneling, focus on fire-retardant adhesives in construction, application in prefabricated and modular construction, collaborations for research and innovation.
The significant increase in spending of consumers on home decorative and luxury furniture products is expected to drive the growth of the wood adhesives market going forward. Wood adhesives are used for most wood joinery purposes and are an effective assembly choice for home decor and wooden furniture. Despite major supply chain challenges, luxury furniture and home goods retailer RH remains optimistic that robust consumer spending will continue as the business strives to position itself beyond curating and selling objects and towards conceiving and selling settings. For instance, RH's net revenue in the second quarter of 2021 was $989 million, up 39% from the previous year and 40% from the second quarter of 2019. RH currently expects its full-year sales in 2021 to grow by 31% to 33%, up from previous predictions of 25% to 30%, based on the stability of the business. As a result, the increase in consumer spending on home decorative and luxury furniture products drives the growth of the wood adhesives market.
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The wood adhesives market covered in this report is segmented –
1) By Product: Urea-formaldehyde, Melamine urea-formaldehyde, Phenol-formaldehyde, Isocyanates, Polyurethane, Polyvinyl acetate, Soy-based, Other Products
2) By Technology: Solvent Based, Water Based, Other Technologies
3) By Resin Type: Natural, Synthetic
4) By Application: Flooring And Decks, Plywood, Furniture, Cabinet, Windows And Doors, Other Applications
Major companies operating in the wood adhesives market are increasing their focus on introducing high-performance adhesives, such as G6520 and SG6518, to gain a competitive edge in the market. SG6520 and SG6518 are high-performance polyurethane adhesives known for their exceptional bonding strength and versatility in various construction and assembly applications. For instance, in May 2022, Bostik, a France-based adhesive manufacturing company, launched a new series of adhesive solutions called SG6520 and SG6518. These hot melt polyurethane reactive (HMPUR) adhesive solutions are designed for woodworking applications, offering superior bonding strength, sealing performance, water resistance, and increased durability for finished woodworking products.
The wood adhesives market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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.
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- The Dow Chemical Company
- 3M Company
- BASF SE
- Henkel AG & Co
- Arkema SA
- AkzoNobel N.V
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31 March 2020: Global Wood Adhesives Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
The Wood Adhesives Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Wood Adhesives Business, Market Share of Product, Application and Regional Scope of Wood Adhesives which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.
The key players profiled in the Wood Adhesives market report are Pidilite Industries, Henkel AG & Co. KGaA, AkzoNobel N.V., 3M Company, Ashland Inc., Bostik SA, Sika AG, and H.B.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/wood-adhesives-market/request-sample Global Wood Adhesives Market is expected to reach USD 6.18 billion by 2025.
Wood adhesives are also termed as wood glue that strongly bonds sections of wood together by means of surface attachments.
The Wood Adhesives Market is estimated to grow at a significant CAGR of 4.5 % over the forecast period as the scope and its applications are rising enormously across the globe.
COVID-19 Impact Analysis on Wood Adhesives and Binders Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the wood adhesives and binders market include Ashland Inc., 3M Company, BASF SE, Henkel AG & Co. KGaA, Avery Dennison Corporation, H.B Fuller Company, Huntsman Corporation, Adhesives Research Inc., Bostik SA, Dow Chemical Company.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Wood Adhesives and Binders Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/wood-adhesives-and-binders-market/download-sampleMarket DynamicsGrowing investment in the construction industry, growing use of adhesives in packaging, transportation, and shipping industry all over the world, and the growing trend of using modern wooden furniture and wooden floors are accelerating wood adhesive and binders market growth.
The wood adhesives and binders market is also likely to witness significant growth due to population growth, rapid urbanization, and government initiatives supporting residential construction.
