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Wood Adhesives Market worth 5.24 Billion USD by 2026


(, January 30, 2020 ) The report "Wood Adhesives Market by Resin Type (Natural & Synthetic), Technology (Solvent-Based, Water-Based, Solventless), Application (Flooring & Decks, Plywood, Furniture, Cabinet, Particle Board, Windows & Doors) - Global Forecast to 2026", The global wood adhesives market is expected to grow from USD 3.71 Billion in 2015 to USD 5.24 Billion by 2026, at a CAGR of 3.10% between 2016 and 2026. Growth in this market is driven by the increasing demand for wooden furniture and expansion of the housing sector.

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Furniture: Largest application segment of the global wood adhesives market

In 2015, the furniture application segment accounted for the largest share of the global wood adhesives market, in terms of volume, followed by the plywood application segment that accounted for the second-largest market share, 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 and increase in remodeling & renovation activities are key factors propelling the growth of the global wood adhesives market.

Synthetic resin adhesive is the largest resin type for wood adhesives

Based on resin type, the synthetic resin adhesives segment is estimated to lead the global wood adhesives market in 2016, in terms of volume. The resin component in the synthetic resin formulation enhances the end-use performance properties of wood adhesives. These adhesives are used in various woodworking applications such as furniture, flooring & decks, cabinet, plywood, particle board, and windows & doors, among others, thereby driving the demand for synthetic resin adhesives.

Don't miss out on business opportunities in Wood Adhesives Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on “Wood Adhesives Market”
86 - Market Data Tables
54 - Figures
145 - Pages

Asia-Pacific: The largest market for wood adhesives

The Asia-Pacific region is expected to be the largest market for wood adhesives. In this region, China and India are considered to be the biggest consumers of wood adhesives.

Key driving factors of the wood adhesives market in the Asia-Pacific region include:
• New construction activities, housing projects, and other woodworking activities in various countries of the Asia-Pacific region.
• Growth in furniture manufacturing and rise in export activities are expected to drive the demand for wood adhesives in the ASEAN countries.

Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.), Sika A.G. (Switzerland), The Dow Chemical Company (U.S.), AkzoNobel N.V. (Netherlands), Bostik SA (France), and Pidilite Industries (India) are key players in the global wood adhesives market.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh


Source: EmailWire.Com

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