Wood Adhesives Market

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.

• The global economic slowdown caused by the pandemic has resulted in a decrease in disposable income among the consumers around the world. This has caused a major decrease in the demand for wooden furniture and other luxury products and consequently the demand for wood adhesives decreased.

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.

Key benefits of the report:

• This study presents the analytical depiction of the global wood adhesives industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wood adhesives market share.
• The current market is quantitatively analyzed to highlight the global wood adhesives market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global wood adhesives market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Wood Adhesives Market research report:

• What are the leading market players active in the wood adhesives market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Wood Adhesives Market Report Highlights