The global demand for Wood Adhesives and Binders Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Wood adhesives and binders are substances applied on the surface of two planks or wooden surfaces to attach them firmly. The substance is made from fossil-derived polymers such as formaldehyde, urea, melamine, phenol, isocyanate, vinyl acetate, and resorcinol. It is widely used in applications like furniture, doors, and windows, cabinets, plywood, flooring products, and construction. Wood adhesives are also used in the transportation and shipping industry. The substance has sufficient reactivity and gives better adhesive performance due to the presence of formaldehyde. It is resistant to chemicals, lasts longer, and has high bond strength. The beneficial properties of wood adhesives and binders are affordability, ease of use, and efficiency.
Market Dynamics
Growing investment in the construction industry, growing use of adhesives in packaging, transportation, and shipping industry all over the world, and the growing trend of using modern wooden furniture and wooden floors are accelerating wood adhesive and binders market growth. The wood adhesives and binders market is also likely to witness significant growth due to population growth, rapid urbanization, and government initiatives supporting residential construction. Furthermore, R&D activities by manufacturers will boost the adhesive market. However, volatility in crude oil prices and strict rules and regulations against chemicals releasing volatile chemical compounds (VOCs) are some restraining factors for wood adhesives and binders market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of wood adhesives and binders. The growth and trends of Wood Adhesives and Binders Industry provide a holistic approach to this study.
Market Segmentation
This section of the wood adhesives and binders market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Urea Formaldehyde (UF)
- Melamine Urea Formaldehyde (MUF)
- Phenol Formaldehyde
- Isocyanates
- Soy Based
- Others
By Application
- Cabinets
- Flooring & Plywood
- Furniture & Subcomponents
- Windows & Doors
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Wood Adhesives and Binders market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Wood Adhesives and Binders Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the wood adhesives and binders market include Ashland Inc., 3M Company, BASF SE, Henkel AG & Co. KGaA, Avery Dennison Corporation, H.B Fuller Company, Huntsman Corporation, Adhesives Research Inc., Bostik SA, Dow Chemical Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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