Global Wood Adhesives and Binders Market
The global Wood Adhesives and Binders market was valued at USD 17,078.51 million in 2021 which expected to reach USD 21,750.34 million by 2027 at a CAGR 2.94% from 2021-2027.
Wood adhesives and binders are polymeric materials that are used to bind two or more pieces of wood. They provide numerous benefits to end users, including ease of use, efficiency, and affordability. They also have other advantages, such as long-lasting bonds and resistance to chemicals, temperature, and microorganisms. They are available in both natural and synthetic forms and are used in both commercial and residential applications such as furniture and engineered wood products.
Market Drivers
Low cost is primarily driving the Wood Adhesives & Binders Market.
Due to their low cost and improved water and heat resistance, polymers derived from fossil fuels are the primary source of wood adhesives and binders. However, end users are moving toward green products made with bio-based polymers as a result of growing environmental concerns. Furthermore, governments in some nations are putting strict restrictions on the use of dangerous substances like formaldehyde in the creation of various items, which is bolstering the market's expansion.
Market challenge s
Wood Adhesives and Binders Market is challenged by Government Laws.
Furthermore, the market's expansion is being constrained by strict government laws against emissions of volatile organic compounds (VOCs). These adhesives have significant negative effects on the environment and human health when used in commercial and industrial settings.
COVID-19 Impact on the Wood Adhesives and Binders Market
Since December 2019, the COVID-19 pandemic has had a significant worldwide impact. Global economic expansion is being hampered by the epidemic, and this trend is projected to continue in 2021. Manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and other businesses are among those affected by the outbreak.
As a result, there are a number of barriers in the supply chain for the raw materials needed for packaging, which causes demand-supply gaps. The market for wood adhesives and binders worldwide is anticipated to be significantly impacted by this scenario.
Market Segmentation
The Global Wood Adhesives and Binders Market is segmented into Product Type, Application. By Product Type such as Urea-Formaldehyde, Melamine-Urea-Formaldehyde, Phenol-Formaldehyde, Isocyanates, Soy-Based, Others. Further, market is segmented into By Application such as Flooring Products, Furniture and Subcomponents, Windows and Doors, Cabinets, Others.
Regional Analysis
Global Wood Adhesives and Binders Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the market and accounted for the largest revenue share of 35.72% in 2021. The region is expected to continue its dominance over the forecast period. Due to the presence of key manufacturers in the region, the market in North America is likely to develop at a considerable CAGR during the forecast period. Furthermore, increased demand for wood adhesives and binders from the building and furniture industries is propelling the market in this area forward.
Asia-Pacific region is expected to lead the market for wood adhesives. The use of wood adhesives is increasing in the region due to the developing construction sector in nations such as China, India, and Japan.
Key Players
Various key players are listed in this report such as 3M Company, Adhesives Research Inc, Ashland Global Specialty Chemicals Inc, Avery Dennison, BASF, Bostik (Arkema), Dow Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman Corporation among others.
Market Taxonomy
By Product Type
By Application
By Region
Key Questions Addressed by the Report
Global Wood Adhesives and Binders Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Wood Adhesives and Binders Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Wood Adhesives and Binders Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Wood Adhesives and Binders Market Share Analysis, By Product Type
5.3 Global Wood Adhesives and Binders Market Size and Forecast, By Product Type
5.3.1 Urea-Formaldehyde
5.3.2 Melamine-Urea-Formaldehyde
5.3.3 Phenol-Formaldehyde
5.3.4 Isocyanates
5.3.5 Soy-Based
5.3.6Others
6 Global Wood Adhesives and Binders Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Wood Adhesives and Binders Market Share Analysis, By Application
6.3 Global Wood Adhesives and Binders Market Size and Forecast, By Application
6.3. 1 Flooring Products
6.3.2 Furniture and Subcomponents
6.3.3 Windows and Doors
6.3.4 Cabinets
6.3.5 Others
7 Global Wood Adhesives and Binders Market, By Region
7.1 Global Wood Adhesives and Binders Market Share Analysis, By Region
7.2 Global Wood Adhesives and Binders Market Share Analysis, By Region
7.3 Global Wood Adhesives and Binders Market Size and Forecast, By Region
8 North America Wood Adhesives and Binders Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Wood Adhesives and Binders Market Share Analysis, By Product Type
8.3 North America Wood Adhesives and Binders Market Size and Forecast, By Application
8.4 North America Wood Adhesives and Binders Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Wood Adhesives and Binders Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Wood Adhesives and Binders Market Share Analysis, By Product Type
9.3 Europe Wood Adhesives and Binders Market Size and Forecast, By Application
9.4 Europe Wood Adhesives and Binders Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Wood Adhesives and Binders Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Wood Adhesives and Binders Market Share Analysis, By Product Type
10.3 Asia Pacific Wood Adhesives and Binders Market Size and Forecast, By Application
10.4 Asia Pacific Wood Adhesives and Binders Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Wood Adhesives and Binders Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Wood Adhesives and Binders Market Share Analysis, By Product Type
11.3 Latin America Wood Adhesives and Binders Market Size and Forecast, By Application
11.4 Latin America Wood Adhesives and Binders Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Wood Adhesives and Binders Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Wood Adhesives and Binders Market Share Analysis, By Product Type
12.3 Middle East Wood Adhesives and Binders Market Size and Forecast, By Application
12.4 Middle East Wood Adhesives and Binders Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 3M Company
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Adhesives Research Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Ashland Global Specialty Chemicals Inc
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Avery Dennison
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 BASF.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Bostik (Arkema)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Dow Chemical Company.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 H.B. Fuller Company
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Henkel AG & Co. KGaA
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Huntsman Corporation
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
