Rising construction and infrastructural activities in North America is going to escalate Industrial Wood Adhesives Market Growth
By Resin Type (Natural and Synthetic), and Technology (Solvent-Based, Water-Based, Solventless, and Others),” the market was valued at US$ 1270.73 million in 2019 and is projected to reach US$ 1792.78 million by 2027; it is expected to grow at a CAGR of 4.5% from 2020to 2027.The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Wood adhesives are polymeric materials capable of interacting chemically or physically, or both, with the surface of the wood so that stresses are transferred between bonded members. The wood adhesive is used to manufacture building materials such as plywood and other laminated veneer products, oriented strandboard, particleboard, laminated beams and timbers, fiberboard, edge- and end jointed products, architectural doors, windows and frames, furniture, floor coverings, ceiling, and wall tiles, and others. The rapidly expanding construction industry is increasing the application of wood, thereby creating scope for industrial wood adhesives.
The North American region has been witnessing substantial growth in construction activities. As per the Associated General Contractors of America, Inc., the construction spending of public and private sectors in the U.S registered USD 1.329 trillion during 2018. The rapid development of metropolitan cities is augmenting the demand for commercial construction projects. Commercial buildings include stores, offices, hotels, resorts, schools, gymnasiums, libraries, museums, hospitals, clinics, and others. The design and construction of commercial buildings impact environmental quality and worker productivity. It is considered that attractive and pleasant working places increase the productivity of the employees. Hence, office spaces are highly using wooden materials to impart an aesthetic appearance. Moreover, the expansion of the tourism sector in North America is further contributing to commercial construction activities. Foodservices and lodging are estimated as the top two spending categories by domestic and international travelers. Traveler spending on lodging, including vacation homes and campgrounds, hotels/motels/B&B reached USD 242 billion. Therefore, the hotels and resorts construction in the U.S. is witnessing tremendous growth. To gain customer attraction and provide aesthetic beauty, hotels are constructed with wooden floorings, windows, doors, and furniture. Also, tourists are highly attracted to hotels and resorts constructed entirely with wood. Besides aesthetic beauty, wood has various qualities such as environmental friendliness and safety for human health. Wood has low thermal conductivity; hence even in a cold climate, it will always be warm inside a wooden building. Thus, the rising construction activities, as well as increased utilization of wooden products in the buildings, is augmenting the growth of the industrial wood adhesives market.
H.B.Fuller Company, Henkel AG & Company, KGAA, Ashland, Arkema Group, Sika AG, Pidilite Industries Ltd, Jubilant Industries Ltd, Dow, Inc., 3M, and Akzo Nobel N.V are among the well-established players in the North America and Latin America industrial wood adhesives market.
Impact of COVID-19 Pandemic on Industrial wood adhesives Market
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. As of December 2020, US, Brazil, India, Russia, Spain and UK are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverage is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various materials. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the industries in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.
The report includes the segmentation of the North America and Latin America Industrial wood adhesives market as follows:
By Resin Type
By Technology
North America and Latin America Industrial Wood adhesives Market - by Country
Reasons to Buy
By Resin Type (Natural and Synthetic), and Technology (Solvent-Based, Water-Based, Solventless, and Others),” the market was valued at US$ 1270.73 million in 2019 and is projected to reach US$ 1792.78 million by 2027; it is expected to grow at a CAGR of 4.5% from 2020to 2027.The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Wood adhesives are polymeric materials capable of interacting chemically or physically, or both, with the surface of the wood so that stresses are transferred between bonded members. The wood adhesive is used to manufacture building materials such as plywood and other laminated veneer products, oriented strandboard, particleboard, laminated beams and timbers, fiberboard, edge- and end jointed products, architectural doors, windows and frames, furniture, floor coverings, ceiling, and wall tiles, and others. The rapidly expanding construction industry is increasing the application of wood, thereby creating scope for industrial wood adhesives.
The North American region has been witnessing substantial growth in construction activities. As per the Associated General Contractors of America, Inc., the construction spending of public and private sectors in the U.S registered USD 1.329 trillion during 2018. The rapid development of metropolitan cities is augmenting the demand for commercial construction projects. Commercial buildings include stores, offices, hotels, resorts, schools, gymnasiums, libraries, museums, hospitals, clinics, and others. The design and construction of commercial buildings impact environmental quality and worker productivity. It is considered that attractive and pleasant working places increase the productivity of the employees. Hence, office spaces are highly using wooden materials to impart an aesthetic appearance. Moreover, the expansion of the tourism sector in North America is further contributing to commercial construction activities. Foodservices and lodging are estimated as the top two spending categories by domestic and international travelers. Traveler spending on lodging, including vacation homes and campgrounds, hotels/motels/B&B reached USD 242 billion. Therefore, the hotels and resorts construction in the U.S. is witnessing tremendous growth. To gain customer attraction and provide aesthetic beauty, hotels are constructed with wooden floorings, windows, doors, and furniture. Also, tourists are highly attracted to hotels and resorts constructed entirely with wood. Besides aesthetic beauty, wood has various qualities such as environmental friendliness and safety for human health. Wood has low thermal conductivity; hence even in a cold climate, it will always be warm inside a wooden building. Thus, the rising construction activities, as well as increased utilization of wooden products in the buildings, is augmenting the growth of the industrial wood adhesives market.
H.B.Fuller Company, Henkel AG & Company, KGAA, Ashland, Arkema Group, Sika AG, Pidilite Industries Ltd, Jubilant Industries Ltd, Dow, Inc., 3M, and Akzo Nobel N.V are among the well-established players in the North America and Latin America industrial wood adhesives market.
Impact of COVID-19 Pandemic on Industrial wood adhesives Market
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. As of December 2020, US, Brazil, India, Russia, Spain and UK are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverage is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various materials. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the industries in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.
The report includes the segmentation of the North America and Latin America Industrial wood adhesives market as follows:
By Resin Type
- Natural
- Syntheti
By Technology
- Solvent-based
- Water-based
- Solventless
- Others
North America and Latin America Industrial Wood adhesives Market - by Country
- North America
- US
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the North America and Latin America Industrial Wood Adhesives market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Industrial Wood Adhesives Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Latin America
4.3 Expert Opinion
5. Industrial Wood Adhesives Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Construction and Infrastructural Activities in North America
5.1.2 Advantages Offered by Wood Adhesives
5.2 Market Restraints
5.2.1 Volatility in Petroleum or Crude Oil Prices
5.3 Market Opportunities
5.3.1 The USDA Forest Service Wood Innovations Program
5.4 Future Trends
5.4.1 Increasing demand for bio-based wood adhesives
5.5 Impact Analysis
6. Industrial Wood Adhesives- North America and Latin America Market Analysis
6.1 Industrial Wood Adhesives Market Overview
6.2 Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning of Key Players
7. North America & Latin America Industrial Wood Adhesives Market Analysis - By Resin Type
7.1 Overview
7.2 North America & Latin America Industrial Wood Adhesives Market, By Resin Type (2019 and 2027)
7.3 Natural
7.3.1 Overview
7.3.1.1 Natural: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Synthetic
7.4.1 Overview
7.4.1.1 Synthetic: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8. North America & Latin America Industrial Wood Adhesives Market Analysis - By Technology
8.1 Overview
8.2 North America & Latin America Industrial Wood Adhesives Market, By Technology (2019 and 2027)
8.3 Solvent-Based
8.3.1 Overview
8.3.1.1 Solvent-Based: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Water-Based
8.4.1 Overview
8.4.1.1 Water-Based: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Solventless
8.5.1 Overview
8.5.1.1 Solventless: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.1.1 Others: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9. Industrial Wood Adhesives Market - Geography Analysis
9.1 North America: Industrial Wood Adhesives Market
9.1.1 North America: Industrial Wood Adhesives Market -Revenue and Forecast to 2027(US$ Million)
9.1.2 North America: Industrial Wood Adhesives Market, by Resin Type
9.1.3 North America: Industrial Wood Adhesives Market, by Technology
9.1.4 North America: Industrial Wood Adhesives Market, by Key Country
9.1.4.1 US: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.1.1 US: Industrial Wood Adhesives Market, by Resin Type
9.1.4.1.2 US: Industrial Wood Adhesives Market, by Technology
9.1.4.2 Canada: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.2.1 Canada: Industrial Wood Adhesives Market, by Resin Type
9.1.4.2.2 Canada: Industrial Wood Adhesives Market, by Technology
9.1.4.3 Mexico: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
9.1.4.3.1 Mexico: Industrial Wood Adhesives Market, by Resin Type
9.1.4.3.2 Mexico: Industrial Wood Adhesives Market, by Technology
9.2 Latin America: Industrial Wood Adhesives Market
9.2.1 Latin America: Industrial Wood Adhesives Market -Revenue and Forecast to 2027(US$ Million)
9.2.2 Latin America: Industrial Wood Adhesives Market, by Resin Type
9.2.3 Latin America: Industrial Wood Adhesives Market, by Technology
9.2.4 Latin America: Industrial Wood Adhesives Market, by Key Country
9.2.4.1 Brazil: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 Brazil: Industrial Wood Adhesives Market, by Resin Type
9.2.4.1.2 Brazil: Industrial Wood Adhesives Market, by Technology
9.2.4.2 Argentina: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Argentina: Industrial Wood Adhesives Market, by Resin Type
9.2.4.2.2 Argentina: Industrial Wood Adhesives Market, by Technology
9.2.4.3 Rest of Latin America: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Rest of Latin America: Industrial Wood Adhesives Market, by Resin Type
9.2.4.3.2 Rest of Latin America: Industrial Wood Adhesives Market, by Technology
10. Impact of COVID-19 Pandemic on Industrial Wood Adhesives Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product News
11.3 Merger and Acquisition
12. Company Profiles
12.1 H.B.Fuller Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Service
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Henkel AG & Company, KGAA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Ashland
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Arkema Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 Sika AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Pidilite Industries Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Jubilant Industries Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Dow
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.9 3M
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 Akzo Nobel N.V.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
13. Appendix
13.1 About the Publisher
13.2 Glossary
List of Tables
Table 1. Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. North America Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 4. US Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 5. US Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 10. Latin America Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 11. Latin America Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 12. Brazil Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 13. Brazil Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 14. Argentina Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 15. Argentina Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 16. Rest of Latin America Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Latin America Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 18. Glossary of Terms, North America & Latin America Industrial Wood Adhesives MarketList of Figures
Figure 1. Industrial Wood Adhesives Market Segmentation
Figure 2. Industrial Wood Adhesives Market Segmentation - By Country
Figure 3. North America and Latin America Industrial Wood Adhesives Market Overview
Figure 4. Solvent-Based Segment Held Largest Share of North America and Latin America Industrial Wood Adhesives Market
Figure 5. North America Region Held Largest Share of North America and Latin America Industrial Wood Adhesives Market
Figure 6. North America and Latin America Industrial Wood Adhesives Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Latin America: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Industrial Wood Adhesives Market
Figure 12. Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 13. Market Positioning of Key Player in Global Industrial Wood Adhesives Market
Figure 14. North America & Latin America Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)
Figure 15. Natural: North America & Latin America Industrial Wood Adhesives Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Synthetic: North America & Latin America Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America & Latin America Industrial Wood Adhesives Market Revenue Share, by Technology (2019 and 2027)
Figure 18. Solvent-Based: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 19. Water-Based: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 20. Solventless: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 21. Others: North America & Latin America Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. North America: Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)
Figure 24. North America: Industrial Wood Adhesives Market Revenue Share, by Technology (2019 and 2027)
Figure 25. North America: Industrial Wood Adhesives Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. US: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Figure 27. Canada: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Figure 28. Mexico: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Figure 29. Latin America: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 30. Latin America: Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)
Figure 31. Latin America: Industrial Wood Adhesives Market Revenue Share, by Technology (2019 and 2027)
Figure 32. Latin America: Industrial Wood Adhesives Market Revenue Share, by Key Country (2019 and 2027)
Figure 33. Brazil: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Figure 34. Argentina: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Figure 35. Rest of Latin America: Industrial Wood Adhesives Market -Revenue and Forecast to 2027 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in North American Country Markets
Figure 37. Impact of COVID-19 Pandemic In South America Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- H.B.Fuller Company
- Henkel AG & Company
- KGAA, Ashland
- Arkema Group
- Sika AG
- Pidilite Industries Ltd.
- Jubilant Industries Ltd.
- Dow, Inc.
- 3M
- Akzo Nobel N.V
