What is Wood Adhesives Market?
Wood adhesives are polymeric materials that are capable of interacting physically or chemically, or both, with the surface of the wood in such a manner that stresses are transferred between bonded members. Wood adhesives are used in every step of furniture manufacturing for the gluing furniture joints and wood composite materials. Nowadays, they are used in more than 70% of wood products in the world, this is fuelling the growth of the global wood adhesives market.
The market study is being classified by Type (Organic Adhesives (Animal-based, Plant-based), Semisynthetic Adhesives (Cellulose Nitrates, Cellulose Ethers) and Synthetic Adhesives ( PVA Adhesives, PVAC Adhesives, Hot-melt Adhesives, UF Resin Adhesives, Others)), by Application (Plywood, MDF, Particleboard, OSB, Structural Frame, Wooden Architectural Doors, Windows and Others) and major geographies with country level break-up.
3M (United States), BASF SE (Germany), Ashland Inc. (United States), H.B Fuller Company (United States), Henkel AG & Co. KGaA (Germany), Huntsman Corporation (United States), Avery Dennison Corporation (United States), Dow Chemical Company (United States), Adhesives Research Inc. (United States), Bostik SA (France), Jowat SE (Germany) and Sika A.G. (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are W.F.Taylor LLC (United States), AkzoNobel N.V. (Netherlands) and Pidilite Industries (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are 3M, BASF SE, Ashland Inc., and H.B Fuller Company. Research Analyst at AMA predicts that United States and European Vendors will contribute to the maximum growth of Global Wood Adhesives market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wood Adhesives market by Type, Application and Region.
On the basis of geography, the market of Wood Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing in new construction activities renovations and remodeling and in the developing countries is the major driver for the global wood adhesives market. As the urbanizations are increasing demand for the wood furniture is growing, nowadays peoples are demanding more furniture in the house.
Market Trend
- Rising Demand for Environment Friendly Adhesives
Restraints
- Strict Governments Rules and Regulations
- Fluctuating Raw Material Prices
Opportunities
- Increasing Demand for Low Voc Adhesives
- Rising in Export of Wood Adhesives From Asia-Pacific Countries such as China and India
On 24th May 2019, Jowat has announced that the company launched a new product family for load-bearing glulam construction. The new product family in the Jowapur series of the adhesives specialist from Detmold provides a comprehensive portfolio of certified 1-component PUR prepolymer adhesives, with different product versions.
Key Target Audience
Wood Adhesives Manufacturers, Chemical Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other