Wood Adhesives Market by Type (Urea Formaldehyde Resin Adhesive Glue Agent, Melamine Resin Adhesive Glue Agent), Application (Flooring & Plywood, Furniture & Subcomponents, Windows & Doors, Others), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2032
Categories: Electronics & Semiconductor
Format : 
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.
Wood Adhesives Scope:
|
Report Data |
Wood Adhesives |
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Wood Adhesives Forecast 2024 |
XX million/billion (2024-2030) |
|
Wood Adhesives CAGR 2024 - 2030 |
4 |
|
Wood Adhesives Analysis Period |
2024 - 2030 |
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Wood Adhesives Base Year |
2023 |
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Wood Adhesives Forecast Data |
2024 - 2030 |
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Segments Covered |
By Type, By Application, And by Regions |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Key Companies Profiled |
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. |
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Key Segments |
By Type Urea Formaldehyde Resin Adhesive Glue Agent By Applications Flooring & Plywood |
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Report Coverage |
Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the Wood Adhesives?
The current market value for Wood Adhesives is expected USD XX million/billion by 2023.
What is the CAGR of the Market?
The Wood Adhesives is to grow at a CAGR of 4 during the forecast by 2030.
What is the Market segment?
On the basis of type, the Wood Adhesives is segmented into Urea Formaldehyde Resin Adhesive Glue Agent
Melamine Resin Adhesive Glue Agent.
Who are the key players operating in the Wood Adhesives?
The major players operating in the Wood Adhesives are 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.
Base Year:2022
Historical Data:2018-2023
No of Pages:165
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