Wood Adhesives Market, Size, Share, Outlook and Growth Opportunities 2019-2026

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> Global Wood Adhesives Market Expected to reach a high CAGR of 3.1% By 2026: DataM Intelligence

Global Wood Adhesives Market is segmented By Resin Type(Natural, Synthetic), By Technology(Water-based, Solvent-based, Solventless), By Application(Flooring & Decks, Plywood, Furniture, Cabinet, Windows & Doors, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2019-2026

 

Market Overview

The Global Wood Adhesives Market is expected to grow at a CAGR of 3.1% during the forecasting period (2019-2026).

Growth in renovation and refurbishing activities, development of the construction, furniture, and woodworking activities, and growing urban population are  major factors of Wood Adhesives Market

Wood Adhesives Market is segmented by resin type, technology, application, and geography. By resin type market is segmented into natural, and synthetic. while by application the market is divided into flooring & decks, plywood, furniture, cabinet, particle board, and windows & doors. whereas by geography the market is divided into North America, South America, Europe, Asia Pacific and Rest of the World.

During the last decades, eco-friendly materials have become more widely used as consumers became aware of the consequences associated with the use of petrochemical-derived products. Also, stringent regulations on global emission standards have made manufacturers develop eco-friendly adhesive products.

1

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The global wood adhesives market is expected to witness significant growth rates due to rising volume demand for wood adhesive applications in the furniture and building and construction industries, growth in renovation and refurbishing activities particularly in high-growth economies such as China, India, and Southeast Asia.

The demand for wood adhesives is increasing in China due to an increase in the production of wood composites. The recycled wood is used to produce wood composite products. These products require wood adhesives during their manufacturing. Besides, the market will benefit from growth in the furniture manufacturing and construction industries.

While the kids’ segment is another notable space in the wood furniture industry provides prominent growth prospects. The rise in demand for kids’ furniture is anticipated to boost the growth of the wood adhesives industry.

Conventional resin-based wood adhesives harm the environment and are also toxic to individuals. These factors have resulted in the implementation of stringent regulations regarding their manufacture and use. Therefore, bio-based adhesives are gaining prominence and are being promoted over synthetic adhesives.

Resin Type segment Analysis

Based on resin type, the wood adhesives market is classified into natural, and synthetic. Currently, synthetic resins are the dominant segment and it accounts for approximately YY% of the market.

Because of their good performance in the manufacturing environment and end-use durability, synthetic adhesives have replaced most of the protein ones. Moreover, natural plant-based resins show better heat and fire resistance compared to synthetic resins.

In recent years, there has been a revival of soy adhesives to replace urea formaldehyde because of the desire for no added formaldehyde adhesives and the availability of a viable co-reactant for the soy. Also, a very large quantity of low-cost soy flour is not used for human food and is available for wood adhesive needs.

 Tannin continues to be used in certain countries where it is available and where phenol-based resins are more costly. Lignin continues to be the replacement for phenol, but the higher cost for purified lignin and its low reactivity have been major issues.

One major change is the availability of new lower-cost lignin sourced from partial acidification of black liquor. This has an economic advantage in that the lignin is removed to aid in adding pulp capacity to pulp mills without adding a very expensive recovery boiler capacity.

During the last decades, eco-friendly materials have become more widely used as consumers became aware of the consequences associated with the use of petrochemical-derived products. Also, stringent regulations on global emission standards have made manufacturers develop eco-friendly adhesive products.

2

Source: DataM Intelligence Analysis (2019)

Application Type segment Analysis

Based on application, the wood adhesives market is classified into flooring & decks, plywood, furniture, cabinet, particleboard, windows & doors, and others. Currently, plywood is the dominant segment and it accounts for approximately YY% of the market.

The furniture sector accounted for the substantial market share of wood adhesives, owing to the increasing usage of plywood in the woodworking industry. Wood adhesives are extensively used in the manufacturing of furniture as they provide excellent bonding to the furnishing item.

Rapid urbanization in ASEAN countries and the increase in remodeling & renovation activities in developed countries are key factors propelling the growth of the global wood adhesives market.

3

Source: DataM Intelligence Analysis (2019)

Geographical Analysis

The Asia Pacific wood adhesives market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Due to the rapid urbanization in the region and this trend is projected to continue in the coming years and thereby to bring unprecedented demographic, economic and social shifts.

Urban development in the region will have an important positive impact on the wood adhesives industry. For instance, India which is one of the fast-growing economies in the region, this country is witnessing immense demand increase for commercial space such as the construction of office spaces, hotels, retail, entertainment units. Annual absorption of office space in India crossed 42 mn sq ft in 2017.

Furthermore, new construction activities, housing projects, and other woodworking activities to propel furniture manufacturing and the rise in export activities are expected to drive the demand for wood adhesives in the ASEAN countries.

5

Source: DataM Intelligence Analysis (2019)

Competitive Analysis:

Some of the major players include Henkel AG & Co. KGaA, H.B. Fuller, 3M Company, Ashland Inc, Sika A.G, The Dow Chemical Company, AkzoNobel N.V, Bostik SA, Pidilite Industries, Huntsman Corporation

These key players in the market are mainly focused on new product launches, expansions, mergers & acquisitions to enhance their position in the wood adhesives market.

Why Purchase the Report?

  • Visualize the composition of the Wood Adhesives Market in terms of type, technology, and application highlighting the key commercial assets and players.

  • Identify commercial opportunities in Wood Adhesives Market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of Wood Adhesives Market  - level 4/5 segmentation.

  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the key product of all major market players

The Global Wood Adhesives Market report would provide access to an approx, 61 data table, 54 figures and 190 pages

Target Audience

  • Service Providers/ Buyers

  • Industry Investors/Investment Bankers

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  • Research Professionals

  • Emerging Companies

  • Manufacturers

 

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Table of Contents 

  1. Wood Adhesives Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2.  Wood Adhesives Market– Market Definition and Overview

  3.  Wood Adhesives Market– Executive Summary

    1. Market Snippet by Resin Type
    2. Market Snippet by Technology
    3. Market Snippet by Application
    4. Market Snippet by Region
  4.  Wood Adhesives Market Dynamics

    1. Market Impacting Factors
      1. Drivers
    2. Growth in renovation and refurbishing activities particularly in high-growth economies such as China, India, and Southeast Asia to drive the market.
    3. Restraints
      1. Government regulations in developed countries to hinder growth of synthetic adhesives.
    4. Opportunity
    5. Impact Analysis
  5.  Wood Adhesives Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Patent Analysis
  6. Wood Adhesives Market– By Resin Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      2. Market Attractiveness Index, By Resin Type
    2. Natural*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2018-2026
    3.  Synthetic
  7.  Wood Adhesives Market– By Technology

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      2. Market Attractiveness Index, By Technology
    2. Water  based *
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Solvent based
    4. Solvent less
  8. Wood Adhesives Market– By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Flooring & Decks*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Plywood
    4. Furniture
    5. Cabinet
    6. Windows & Doors
    7. Others
  9. Wood Adhesives Market- By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Resin Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  10.  Wood Adhesives Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11.  Wood Adhesives Market Company Profiles

    1. Henkel AG & Co. KGaA * 
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. H.B. Fuller
    3. 3M Company
    4. Ashland Inc
    5. Sika A.G
    6. The Dow Chemical Company
    7. AkzoNobel N.V.
    8. Bostik SA
    9. Pidilite Industries
    10. Huntsman Corporation (*List is not exhaustive)
  12.  Wood Adhesives Market– DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 1 Global Wood Adhesives  Market Value, By Resin Type, 2018,2022 & 2026 ($ Million)
Table 2 Global Wood Adhesives  Market Value, By Technology, 2018,2022 & 2026 ($ Million)
Table 3 Global Wood Adhesives  Market Value, By Application, 2018,2022 & 2026 ($ Million)
Table 4 Global Wood Adhesives  Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 5 Global Wood Adhesives  Market Value, By Resin Type, 2018,2022 & 2026 ($ Million)
Table 6 Global Wood Adhesives  Market Value, By Resin Type, 2017-2026 ($ Million)
Table 7 Global Wood Adhesives  Market Value, By Technology, 2018,2022 & 2026 ($ Million)
Table 8 Global Wood Adhesives  Market Value, By Technology, 2017-2026 ($ Million)
Table 9 Global Wood Adhesives  Market Value, By Application, 2018,2022 & 2026 ($ Million)
Table 10 Global Wood Adhesives  Market Value, By Application, 2017-2026 ($ Million)
Table 11 Global Wood Adhesives  Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 12 Global Wood Adhesives  Market Value, By Region, 2017-2026 ($ Million)
Table 13 North America Wood Adhesives  Market Value, By Resin Type, 2017-2026 ($ Million)
Table 14 North America Wood Adhesives  Market Value, By Technology, 2017-2026 ($ Million)
Table 15 North America Wood Adhesives  Market Value, By Application, 2017-2026 ($ Million)
Table 16 North America Wood Adhesives  Market Value, By Country, 2017-2026 ($ Million)
Table 17 South America Wood Adhesives  Market Value, By Resin Type, 2017-2026 ($ Million)
Table 18 South America Wood Adhesives  Market Value, By Technology, 2017-2026 ($ Million)
Table 19 South America Wood Adhesives  Market Value, By Application, 2017-2026 ($ Million)
Table 20 South America Wood Adhesives  Market Value, By Country, 2017-2026 ($ Million)
Table 21 Europe Wood Adhesives  Market Value, By Resin Type, 2017-2026 ($ Million)
Table 22 Europe Wood Adhesives  Market Value, By Technology, 2017-2026 ($ Million)
Table 23 Europe Wood Adhesives  Market Value, By Application, 2017-2026 ($ Million)
Table 24 Europe Wood Adhesives  Market Value, By Country, 2017-2026 ($ Million)
Table 25 Asia-Pacific Wood Adhesives  Market Value, By Resin Type, 2017-2026 ($ Million)
Table 26 Asia-Pacific Wood Adhesives  Market Value, By Technology, 2017-2026 ($ Million)
Table 27 Asia-Pacific Wood Adhesives  Market Value, By Application, 2017-2026 ($ Million)
Table 28 Asia-Pacific Wood Adhesives  Market Value, By Country, 2017-2026 ($ Million)
Table 29 Middle East & Africa Wood Adhesives  Market Value, By Resin Type, 2017-2026 ($ Million)
Table 30 Middle East & Africa Wood Adhesives  Market Value, By Technology, 2017-2026 ($ Million)
Table 31 Middle East & Africa Wood Adhesives  Market Value, By Application, 2017-2026 ($ Million)
Table 32 Henkel AG & Co. KGaA : Overview
Table 33 Henkel AG & Co. KGaA : Product Portfolio
Table 34 Henkel AG & Co. KGaA : Key Developments
Table 35 H.B. Fuller: Overview
Table 36 H.B. Fuller: Product Portfolio
Table 37 H.B. Fuller: Key Developments
Table 38 3M Company: Overview
Table 39 3M Company: Product Portfolio
Table 40 3M Company: Key Developments
Table 41 Ashland Inc: Overview
Table 42 Ashland Inc: Product Portfolio
Table 43 Ashland Inc: Key Developments
Table 44 Sika A.G: Overview
Table 45 Sika A.G: Product Portfolio
Table 46 Sika A.G: Key Developments
Table 47 The Dow Chemical Company : Overview
Table 48 The Dow Chemical Company : Product Portfolio
Table 49 The Dow Chemical Company : Key Developments
Table 50 AkzoNobel N.V.: Overview
Table 51 AkzoNobel N.V.: Product Portfolio
Table 52 AkzoNobel N.V.: Key Developments
Table 53 Bostik SA: Overview
Table 54 Bostik SA: Product Portfolio
Table 55 Bostik SA: Key Developments
Table 56 Pidilite Industries : Overview
Table 57 Pidilite Industries : Product Portfolio
Table 58 Pidilite Industries : Key Developments
Table 59 Huntsman Corporation: Overview
Table 60 Huntsman Corporation: Product Portfolio
Table 61 Huntsman Corporation: Key Developments

List of Figures

Figure 1 Global Wood Adhesives  Market Share, By Resin Type, 2018 & 2026 (%)
Figure 2 Global Wood Adhesives  Market Share, By Technology, 2018 & 2026 (%)
Figure 3 Global Wood Adhesives  Market Share, By Application, 2018 & 2026 (%)
Figure 4 Global Wood Adhesives  Market Share, By Region, 2018 & 2026 (%)
Figure 5 Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 6 Global Wood Adhesives  Market Y-o-Y Growth, By Resin Type, 2018-2026 (%)
Figure 7 Natural: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 8 Synthetic: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 9 Global Wood Adhesives  Market Y-o-Y Growth, By Technology, 2018-2026 (%)
Figure 10 Water  based: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 11 Solvent based: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 12 Solvent less: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 13 Global Wood Adhesives  Market Y-o-Y Growth, By Application, 2018-2026 (%)
Figure 14 Flooring & Decks: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 15 Plywood: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 16 Furniture: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 17 Cabinet: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 18 Windows & Doors: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 19 Others: Global Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 20 Global Wood Adhesives  Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 21 North America Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 22 North America Wood Adhesives  Market Share, By Resin Type, 2018 & 2026 (%)
Figure 23 North America Wood Adhesives  Market Share, By Technology, 2018 & 2026 (%)
Figure 24 North America Wood Adhesives  Market Share, By Application, 2018 & 2026 (%)
Figure 25 North America Wood Adhesives  Market Share, By Country, 2018 & 2026 (%)
Figure 26 South America Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 27 South America Wood Adhesives  Market Share, By Resin Type, 2018 & 2026 (%)
Figure 28 South America Wood Adhesives  Market Share, By Technology, 2018 & 2026 (%)
Figure 29 South America Wood Adhesives  Market Share, By Application, 2018 & 2026 (%)
Figure 30 South America Wood Adhesives  Market Share, By Country, 2018 & 2026 (%)
Figure 31 Europe Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 32 Europe Wood Adhesives  Market Share, By Resin Type, 2018 & 2026 (%)
Figure 33 Europe Wood Adhesives  Market Share, By Technology, 2018 & 2026 (%)
Figure 34 Europe Wood Adhesives  Market Share, By Application, 2018 & 2026 (%)
Figure 35 Europe Wood Adhesives  Market Share, By Country, 2018 & 2026 (%)
Figure 36 Asia-Pacific Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 37 Asia-Pacific Wood Adhesives  Market Share, By Resin Type, 2018 & 2026 (%)
Figure 38 Asia-Pacific Wood Adhesives  Market Share, By Technology, 2018 & 2026 (%)
Figure 39 Asia-Pacific Wood Adhesives  Market Share, By Application, 2018 & 2026 (%)
Figure 40 Asia-Pacific Wood Adhesives  Market Share, By Country, 2018 & 2026 (%)
Figure 41 Middle East & Africa Wood Adhesives  Market Value, 2017-2026 ($ Million)
Figure 42 Middle East & Africa Wood Adhesives  Market Share, By Resin Type, 2018 & 2026 (%)
Figure 43 Middle East & Africa Wood Adhesives  Market Share, By Technology, 2018 & 2026 (%)
Figure 44 Middle East & Africa Wood Adhesives  Market Share, By Application, 2018 & 2026 (%)
Figure 45 Henkel AG & Co. KGaA : Financials
Figure 46 H.B. Fuller: Financials
Figure 47 3M Company: Financials
Figure 48 Ashland Inc: Financials
Figure 49 Sika A.G: Financials
Figure 50 The Dow Chemical Company : Financials
Figure 51 AkzoNobel N.V.: Financials
Figure 52 Bostik SA: Financials
Figure 53 Pidilite Industries : Financials
Figure 54 Huntsman Corporation: Financials

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