Wood Adhesives Market

Wood Adhesives Market Overview

The market for wood adhesives is expected to grow at a CAGR of about 4% globally during the forecast period. Wood Adhesives Market Overview: Wood adhesives are required for many wood assembly applications such as: B. Gluing edges, inserting dowels, gluing miters, connecting tongue and groove, and joining fingers. A variety of adhesives are used in woodworking applications, ranging from natural to synthetic, offering adhesion and other properties according to specific needs. Consumer spending on home décor and fine furnishings is on the rise as interest in improving living standards increases. As a result, the demand for aesthetically pleasing timbers such as lumber, plywood has increased significantly.

Recent Development:

In May 2021, Henkel invested in a new innovation center in Shanghai, China. The expansion aims toward strengthening its position in the APAC market. In February 2020, Henkel upgraded its innovation center in Sydney to enhance R&D.

Wood Adhesives Market Trends

Growth in the market is predicted to be boosted by rising refurbishment and renovation activities as well as rising construction rates. Additionally, government programmes to promote sustainable building have increased the demand for furniture made of wood and engineered wood for use in both residential and commercial applications, which is anticipated to boost demand for wood adhesives throughout the course of the forecast period.

The demand for furniture is anticipated to increase as a result of remodelling and renovation projects brought on by improving living standards. Growing office space and corporate building construction in emerging nations has influenced the need for wood furniture, which is anticipated to propel the expansion of the wood adhesives market.

The use of engineered wood panels has also increased as a result of people's growing concerns about the destruction of trees and global warming. An enormous amount of adhesives are needed in the production of engineered wood panels including oriented strand board, plywood, and particle board. For instance, veneers are combined with sticky resin to create plywood. As a result, the need for wood adhesives is projected to increase in response to the rising demand for wood panels.

The demand for bio-based wood adhesives is also predicted to increase as a result of increased consumer awareness of environmental degradation, expanding customer base, and improved & constant R&D activities. Over the forecast period, the abundance of raw materials for bio-based adhesives such starch, soy, and corn is anticipated to favourably impact the growth of the wood adhesives market.

However, the emissions of volatile organic compounds (VOCs) from commercial and industrial adhesive use are hazardous to the environment and human health. Several nations have established regulations to limit the amount of gaseous emissions during the usage of adhesives in order to control such industrial pollutants. Therefore, it is anticipated that the market's expansion would be constrained throughout the projected period by the industry's rigorous government restrictions.

For instance, the Environmental Protection Agency in the United States mandates compliance with the specified volatile organic compound requirements from producers and suppliers of adhesives and sealants.

1. Global Wood Adhesives Market: Research Methodology
2. Global Wood Adhesives Market: Executive Summary
   2.1 Market Overview and Definitions
   2.1.1. Introduction to Global Wood Adhesives Market
   2.2. Summary
   2.2.1. Key Findings
   2.2.2. Recommendations for Investors
   2.2.3. Recommendations for Market Leaders
   2.2.4. Recommendations for New Market Entry
3. Global Wood Adhesives Market: Competitive Analysis
   3.1 MRS Competition Matrix
   3.1.1. Market Structure by region
   3.1.2. Competitive Benchmarking of Key Players
   3.2 Consolidation in the Market
   3.2.1 M&A by region
   3.3 Key Developments by Companies
   3.4 Market Drivers
   3.5 Market Restraints
   3.6 Market Opportunities
   3.7 Market Challenges
   3.8 Market Dynamics
   3.9 PORTERS Five Forces Analysis
   3.10 PESTLE
   3.11 Regulatory Landscape by region
   1. North America
   2. Europe
   3. Asia Pacific
   4. The Middle East and Africa
   5. South America
   3.12 COVID-19 Impacts
4. Global Wood Adhesives Market Segmentation
   4.1 Global Wood Adhesives Market, by Type (2022-2032)
   4.1.1 Urea Formaldehyde Resin Adhesive Glue Agent
   4.1.2 Melamine Resin Adhesive Glue Agent
   4.2 Global Wood Adhesives Market, by Application (2022-2032)
   4.2.1 Flooring & Plywood
   4.2.2 Furniture & Subcomponents 
   4.2.3 Windows & Doors
   4.2.4 Others
5. North America Wood Adhesives Market (2022-2032)
   5.1 North America Wood Adhesives Market, by Type (2022-2032)
   5.2 North America Wood Adhesives Market, by Application (2022-2032)
6. Europe Wood Adhesives Market (2022-2032)
   6.1. European Wood Adhesives Market, by Component (2022-2032)
   6.2. European Wood Adhesives Market, by Delivery Model (2022-2032)
   6.3. European Wood Adhesives Market, by Functionality (2022-2032)
   6.4. European Wood Adhesives Market, by End-user (2022-2032)
   6.5. European Wood Adhesives Market, by Country (2022-2032)
   1. UK
   2. France
   3. Germany
   4. Italy
   5. Spain
   6. Sweden
   7. Austria
   8. Rest Of Europe
7. Asia Pacific Wood Adhesives Market (2022-2032)
   7.1. Asia Pacific Wood Adhesives Market, by Type (2022-2032)
   7.2. Asia Pacific Wood Adhesives Market, by Application (2022-2032)
   7.3. Asia Pacific Wood Adhesives Market, by Country (2022-2032)
   1. China
   2. India
   3. Japan
   4. South Korea
   5. Australia
   6. ASEAN
   7. Rest of APAC
8. Middle East and Africa Wood Adhesives Market (2022-2032)
   8.1 Middle East and Africa Wood Adhesives Market, by Type (2022-2032)
   8.2. Middle East and Africa Wood Adhesives Market, by Application (2022-2032)
   8.3. Middle East and Africa Wood Adhesives Market, by Country (2022-2032)
   1. South Africa
   2. GCC
   3. Egypt
   4. Nigeria
   5. Rest Of ME&A
9. South America Wood Adhesives Market (2022-2032)
   9.1. South America Wood Adhesives Market, by Type (2022-2032)
   9.2. South America Wood Adhesives Market, by Application (2022-2032)
   9.3. South America Wood Adhesives Market, by Country (2022-2032)10. Company Profile: Key players
       3M Company
   
       Bostik SA
   
       Ashland Inc.
   
       Henkel AG & Co. KGaA
   
       BASF SE
   
       H.B Fuller Company
   
       Adhesives Research Inc.
   
       Huntsman Corporation
   
       Dow Chemical Company
   
       Avery Dennison Corporation
   
       W.F.Taylor LLC.
   
       Donghe Adhesives
   
       AkzoNobel
   
       Royal Adhesives

Research Methodology