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Wood Adhesives Market Size, Share & Trend Analysis Report By Product (UF, MUF, Soy-Based), By Substrate (OSB, Plywood, MDF), By Application, By Region, And Segment Forecasts, 2019 - 2025

  • ID: 4312526
  • Report
  • September 2019
  • Region: Global
  • Grand View Research

FEATURED COMPANIES

  • 3M Company
  • AkzoNobel N.V.
  • Ashland Inc.
  • Bostik S.A.
  • DowDuPont Inc.
  • H.B. Fuller
The global wood adhesives market size is anticipated to reach USD 6.34 billion by 2025, according to this report, expanding at a CAGR of 4.7% over the forecast period. The increasing demand from engineered wood-based panel manufacturers is a significant driver of the market.

Adhesives are a preferred choice for binding wood strips, chips, fibers, strands, and veneers for manufacturing engineered wood-based panels such as plywood, particle board, oriented strand board, medium density fiberboard, and high density fiberboards. Increasing population and rapid urbanization accompanied with the government efforts to boost residential construction are likely to propel the demand for wood-based panels, which in turn is expected to support the market growth.

Urea-formaldehyde (UF) dominated the market in 2018 owing to its beneficial properties, namely, inflammability, low cost, light color, and a very rapid cure rate. However, low water resistance of the product is likely to restrain its utilization over the coming years. Melamine urea-formaldehyde (MUF) resins, which possess better water resistance properties, are increasingly being used in exterior applications that are more susceptible to moisture.

Soy-based adhesives have gained popularity owing to their low cost production, low emissions, and bio-based origin. Stringent regulations pertaining to the formaldehyde emissions that are emitted during the production of UF resin-based wood products has led to resurgence of soy-based adhesives demand. Hydrolyzed soy proteins added to phenol formaldehyde resins provide reduced costs without degrading performance.

Furniture is also expected to remain a major application for the product. Growing investment on high-end, branded furniture by the consumers is expected to positively affect the market. Major trends affecting the industry are sustainability, digitalization, and integration of home electronics into work & home furniture. These factors have facilitated innovation and new product development in the market.

Wood-based panel manufacturers primarily focus on producing in-house urea-formaldehyde adhesives owing to their low cost. However, established players in the adhesive industry who are involved in supplying their products to the furniture industry focus on establishing innovative solutions for their customers. For instance, Henkel introduced a wood adhesive called Technomelt PW 863 based on polyolefin in 2019. The product is intended for lamination of wood-based panels on industrial scale.

Further key findings from the report suggest:
  • Urea-formaldehyde (UF) dominated the market with a volume share of 42.5% in 2018 Due to its low cost
  • Soy-based adhesives are predicted to witness the fastest growth, in terms of revenue, with a CAGR of 7.5% from 2019 to 2025. The environmental advantages offered by the product is estimated to play a key role for its increasing demand
  • Flooring is estimated to be the fastest growing application, in terms of revenue, with a CAGR of 5.4% from 2019 to 2025. Increasing construction spending and the rise in demand for luxurious and comfortable flooring is expected to facilitate the segment growth
  • Plywood held the largest share in the wood adhesive consumption, with a volume share of 29.5% in 2018. High stability, impact resistance, and chemical resistance offered by plywood is a crucial factor for its dominance in the market.
  • Asia Pacific dominated the wood adhesives market with a volume share of 57.8% in 2018 owing to the extensive engineered wood-based panel production in the region
  • In October 2018, Bostik expanded its engineering adhesives business by completing the acquisition of Afinitica, a Spanish manufacturer of instant adhesives for automotive, electronics, and woodworking industries. This acquisition was planned to enable Bostik to solidify its position in high growth potential markets.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • AkzoNobel N.V.
  • Ashland Inc.
  • Bostik S.A.
  • DowDuPont Inc.
  • H.B. Fuller
Chapter 1 Wood Adhesives Market: Methodology and Scope
1.1 Market scope & segmentation
1.1.1 Market scope & definition
1.1.2 Market segmentation
1.2 Research assumptions
1.3 Research methodology
1.4 Information procurement
1.5 Information analysis
1.6 Market formulation & data visualization
1.7 Data validation & publishing
1.8 List of data sources

Chapter 2 Executive Summary
2.1 Wood adhesives market outlook, 2018
2.2 Segment outlook, 2018
2.3 Competitive insights, 2018

Chapter 3 Wood Adhesives Market Variables, Trends & Scope
3.1 Global adhesives market outlook
3.2 Global wood adhesives market outlook
3.3 Penetration & growth prospect mapping
3.4 Wood adhesives market: Value chain analysis
3.4.1 Raw material trends
3.4.1.1 Major Raw material analysis
3.4.2 Manufacturing trends & technology overview
3.4.3 Sales channel analysis
3.5 Regulatory framework
3.6 Market dynamics
3.6.1 Market drivers
3.6.1.1 Increasing demand for wood panels
3.6.1.2 Increasing demand for bio based wood adhesives
3.6.2 Market restraint
3.6.2.1 Stringent government regulations prevalent in the industry
3.6.3 Industry challenges
3.6.4 Major Deals & Strategic Alliances
3.6.4.1 Acquisition of Royal Adhesives & Sealants by H.B. Fuller
3.6.4.2 Acquisition of Bostik S.A. by Arkema Group
3.6.5 Pestel analysis
3.6.6 Porter’s five forces analysis

Chapter 4 Wood Adhesives: Product Estimates & Trend Analysis
4.1 Wood adhesives market: Product movement analysis, 2018 & 2025
4.2 Urea-formaldehyde (UF)
4.2.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
4.3 Melamine urea-formaldehyde (MUF)
4.3.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
4.4 Phenol-formaldehyde (PF)
4.4.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
4.5 Isocyanate
4.5.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
4.6 Polyurethane
4.6.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
4.7 Polyvinyl acetate (PVA)
4.7.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
4.8 Soy-Based
4.8.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
4.9 Other Wood Adhesives
4.9.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)

Chapter 5 Wood Adhesives Market: Application Estimates & Trend Analysis
5.1 Wood adhesives market: Application movement analysis, 2018 & 2025
5.2 Flooring
5.2.1 Market estimates and forecasts in flooring, 2014-2025 (Kilotons) (USD Million)
5.3 Furniture
5.3.1 Market estimates and forecasts in furniture 2014-2025 (Kilotons) (USD Million)
5.4 Doors & Windows
5.4.1 Market estimates and forecasts in doors & windows, 2014-2025 (Kilotons) (USD Million)
5.5 Housing Components
5.5.1 Market estimates and forecasts in housing components, 2014-2025 (Kilotons) (USD Million)
5.6 Other applications
5.6.1 Market estimates and forecasts in other applications, 2014-2025 (Kilotons) (USD Million)

Chapter 6 Wood Adhesives Market: Substrate Estimates & Trend Analysis
6.1 Market: Substrate movement analysis, 2018 & 2025
6.2 Solid Wood
6.2.1 Market estimates and forecasts for solid wood, 2014-2025 (Kilotons) (USD Million)
6.3 Oriented strand board (OSB)
6.3.1 Market estimates and forecasts for oriented strand board, 2014-2025 (Kilotons) (USD Million)
6.4 Plywood
6.4.1 Market estimates and forecasts for plywood, 2014-2025 (Kilotons) (USD Million)
6.5 Particle board
6.5.1 Market estimates and forecasts for particle board, 2014-2025 (Kilotons) (USD Million)
6.6 Medium density fiberboard (MDF)
6.6.1 Market estimates and forecasts For medium density fiberboard, 2014-2025 (Kilotons) (USD Million)
6.7 High density fiberboard (HDF)
6.7.1 Market estimates and forecasts for high density fiebrboard, 2014-2025 (Kilotons) (USD Million)
6.8 Other substrates
6.8.1 Market estimates and forecasts for other substrates, 2014-2025 (Kilotons) (USD Million)

Chapter 7 Wood Adhesives Market: Regional Estimates & Trend Analysis
7.1 Wood adhesives market: Regional movement analysis, 2018 & 2025
7.2 North America
7.2.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.2.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.2.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.2.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.2.5 U.S.
7.2.5.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.2.5.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.2.5.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.2.5.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.2.6 Canada
7.2.6.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.2.6.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.2.6.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.2.6.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.2.7 Mexico
7.2.7.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.2.7.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.2.7.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.2.7.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.3 Europe
7.3.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.3.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.3.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.3.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.3.5 UK
7.3.5.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.3.5.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.3.5.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.3.5.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.3.6 Germany
7.3.6.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.3.6.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.3.6.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.3.6.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.3.7 France
7.3.7.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.3.7.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.3.7.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.3.7.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.4 Asia Pacific
7.4.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.4.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.4.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.4.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.4.5 China
7.4.5.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.4.5.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.4.5.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.4.5.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.4.6 Japan
7.4.6.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.4.6.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.4.6.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.4.6.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.4.7 India
7.4.7.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.4.7.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.4.7.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.4.7.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.5 Central & South America
7.5.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.5.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.5.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.5.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.5.5 Brazil
7.5.5.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.5.5.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.5.5.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.5.5.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.6 Middle East & Africa
7.6.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.6.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.6.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.6.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)
7.6.5 Saudi Arabia
7.6.5.1 Market estimates and forecasts, 2014-2025 (Kilotons) (USD Million)
7.6.5.2 Market estimates and forecasts, by product, 2014-2025 (Kilotons) (USD Million)
7.6.5.3 Market estimates and forecasts, by application, 2014-2025 (Kilotons) (USD Million)
7.6.5.4 Market estimates and forecasts, by substrate, 2014-2025 (Kilotons) (USD Million)

Chapter 8 Competitive Analysis
8.1 Key global players & recent developments & their impact on the industry
8.2 Vendor landscape
8.3 Key company/competition categorization
8.4 Company market position analysis
8.5 SWOT analysis, by key players
8.5.1 Henkel AG & Co. KgaA
8.5.2 H.B. Fuller

Chapter 9 Company Profiles
9.1 Henkel AG & Co. KGaA
9.1.1 Company overview
9.1.2 Financial Performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 3M Company
9.2.1 Company overview
9.2.2 Financial Performance
9.2.3 Product benchmarking
9.3 H.B. Fuller
9.3.1 Company overview
9.3.2 Financial Performance
9.3.3 Product benchmarking
9.3.4 Strategic initiatives
9.4 Sika AG
9.4.1 Company overview
9.4.2 Financial Performance
9.4.3 Product benchmarking
9.5 Ashland Inc.
9.5.1 Company overview
9.5.2 Financial Performance
9.5.3 Product benchmarking
9.6 Bostik S.A.
9.6.1 Company overview
9.6.2 Financial Performance
9.6.3 Product benchmarking
9.6.4 Strategic initiatives
9.7 Pidilite Industries Ltd.
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.8 Jubilant Industries Ltd.
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.9 AkzoNobel N.V.
9.9.1 Company overview
9.9.2 Financial Performance
9.9.3 Product benchmarking
9.9.4 Strategic initiatives
9.10 Franklin Adhesives & Polymers.
9.10.1 Company overview
9.10.2 Product benchmarking
9.11 DowDuPont Inc.
9.11.1 Company overview
9.11.2 Financial performance
9.11.3 Product benchmarking
Note: Product cover images may vary from those shown
  • Henkel AG & Co. KGaA
  • 3M Company
  • H.B. Fuller
  • Sika AG
  • Ashland Inc.
  • Bostik S.A.
  • Pidilite Industries Ltd.
  • Jubilant Industries Ltd.
  • AkzoNobel N.V.
  • Franklin Adhesives & Polymers.
  • DowDuPont Inc.
Note: Product cover images may vary from those shown

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