Skip to main content

Wood Adhesives Industry Trend Analysis and Global Foresight to 2025

Recovery in the global housing market and increasing consumer spending on luxury furniture and home décor has prompted higher investments in lightweight and convenient bonding materials such as wood adhesives.

The Global Wood Adhesives Market is expected to reach USD 6.18 billion by 2025, according to a new report by Grand View Research, Inc.


The demand for timber furniture and plywood building materials has risen significantly owing to their high aesthetic appeal and compatibility with numerous substrates. This in turn has driven investments in superior processing & bonding technologies to foster mass production and meet growing global demand.

Adhesives have replaced conventional bonding materials such as metal fasteners owing to their ease of process ability, faster curing time and relative low production costs. Conventional glues formulated using synthetic chemicals such as formaldehyde are increasingly being substituted with sustainable alternatives based on organic sources, which has contributed to industry growth in recent years.

Urea-formaldehyde products are expected to retain their dominance owing to their highly durable nature after setting & hardening. The product occupied over 40% of the volume share in 2015 and is forecasted to grow at 4.4% CAGR from 2016 till 2025.

Flooring & plywood are expected to remain the dominant application with over 33% of the revenue share in 2015. Rising construction spending in emerging economies & the recovery of the residential & housing sector in North America has contributed significantly to timber demand in these applications.

To Know More About Wood Adhesives Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/wood-adhesives-market

Furniture is expected to emerge as a fast-growing application with 3.3% CAGR from 2016 to 2025. Expansion of the furniture and woodworking industries, along with government initiatives encourage domestic production in emerging economies such as the ‘Make in India’ scheme has encouraged manufacturers to opt for easily available bonding materials.

Top Players of Wood Adhesives Market:

The industry is characterized by the presence of major multinationals including Wanhua Chemical Group, LonKoll, Henkel, Lubrizol Corporation, HB Fuller Company, Casco Adhesives AB, Dana Lim A.S., Bostik Adhesives, GP Chemicals, AkzoNobel, Franklin Adhesives & Polymers, Royal DSM, Dynea, and Surfactant Industries among others.

Market Segmentation of Wood Adhesives Market:

The Global Wood Adhesives Market segmented on the basis of Product, Application, and Region.

By Product:

    Urea-Formaldehyde
    Melamine Urea-Formaldehyde
    Phenol-Formaldehyde
    Isocyanate
    Polyurethane
    Polyvinyl Acetate
    Soy-based

By Application:

    Flooring & Plywood
    Furniture
    Doors & Windows
    Housing Components

Inquire about Wood Adhesives Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3115
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Point of Entry Water Treatment Systems Market Competitive Landscape by 2025

Growing public awareness towards healthy lifestyle along with increasing water pollution is projected to drive the market over the forecast period. The Global Point of Entry Water Treatment Systems Market is estimated to be valued at USD 9.95 billion by 2025, according to a new report by Grand View Research, Inc. Exponential growth in the global population has exerted considerable pressure on the existing water resources available for human consumption, in turn augmenting the dependence on groundwater owing to its easy availability. However, improper disposal of wastewater generated in agricultural and industrial areas has led to largescale contamination of groundwater in urban areas, enhancing the global point of entry water treatment systems market by 2025. Favorable government regulations to ensure the supply of healthy drinking water is predicted to boost market growth over the forecast period. The growing investments towards development of efficient point of entry water t...
Post a Comment
Read more

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more