Report Code: A10827 | Pages: NA | ||
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Wood Adhesives Market Statistics - 2027
Wood adhesives are materials that are used to bind two wooden surfaces together. Wood adhesives are prepared from various different compounds including formaldehyde, urea, melamine, isocyanate, and others. The adhesives that are industrially used can be water based, solvent based or be used by some other technologies. Wood adhesives have a wide range of applications in the construction sector for making furniture, cabinets, doors, and windows. It is also used in the packaging industries as well.
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the growth of the global wood adhesives market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The major factor responsible for driving the growth of the wood adhesives market is its extensive use in the construction sector. The rapid urbanization has resulted in an increase in disposable income among the consumers. As a result, there is a rise in demand for high quality wooden furniture, cabinets, and other household products in the market. Moreover, there is also a growing popularity of wooden flooring in the household construction sector to achieve more aesthetic appearance. All these have resulted in an increased demand for wood adhesives around the world. Several major manufacturers are investing huge sums of money to develop and launch superior quality wood adhesives to gain a competitive edge in the market. For instance, Arkema launched their wood adhesive Evo-stick, which is claimed to be a rapid setting adhesive having 40% faster adhesion than other conventional products. Such developments are expected to drive the growth of the global wood adhesives market in near future. However, the fluctuating prices of raw materials limit the market growth.
 In terms of market share, the Asia-Pacific region accounts for a significant share of the global wood adhesives market. This is because of the rapid urbanization and infrastructural developments happening in the emerging economies of the region such as India and China. The market in Europe and North America regions is also expected to grow at a significant pace due to the high demand for wood adhesives for luxury furniture and other applications in the developed nations.
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Questions answered in the Wood Adhesives Market research report:
Wood Adhesives Market Report Highlights
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Key Market Players | Jubilant Industries Ltd., Sika AG, Bostik, The 3M Company, Asian Paints, Henkel AG And Co. KGaA, Pidilite Industries Limited, B. Fuller Company, BASF SE, Franklin Adhesives And Polymers, Ashland Inc., The Dow Chemical Company |
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