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

Comments

Popular posts from this blog

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...

Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...

Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods whic...