Synthetic Segment to Dominate Asia Pacific Industrial Wood Adhesives Market during 2020-2027.
According to a new market research study on “Asia Pacific Industrial Wood Adhesives Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast - by Resin Type, Technology, and Country,” is expected to reach US$ 3,076.58 million by 2027 from US$ 2,108.04 million in 2020. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific industrial wood adhesives market along with the drivers and restraints pertaining to the market growth. An upsurge in the construction and infrastructural activities and benefits offered by wood adhesives are the major factors driving the growth of the Asia Pacific industrial wood adhesives market. However, the volatility in the prices of petroleum or crude oil may hinder the growth of Asia Pacific industrial wood adhesives market.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of industrial wood adhesives manufacturing activities. Downfall of other chemical and materials manufacturing sectors has subsequently impacted the demand for industrial wood adhesives during the early months of 2020. Moreover, decline in the overall construction and building materials manufacturing activities has led to discontinuation of industrial wood adhesives manufacturing projects, thereby reducing the demand for industrial wood adhesives. Similar trend was witnessed in other Asia Pacific countries, i.e. Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Asia Pacific industrial wood adhesives is segmented into resin type, technology and country. Based on resin type, the market is segmented into natural and synthetic. In 2019, the synthetic segment held the largest share in Asia Pacific industrial wood adhesives market. Based on technology, the Asia Pacific industrial wood adhesives is bifurcated into solvent-based, water-based, solventless, and others. The water-based segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific industrial wood adhesives market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacifica countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for industrial wood adhesives.
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 some of the leading companies in the Asia Pacific industrial wood adhesives market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of industrial wood adhesives manufacturing activities. Downfall of other chemical and materials manufacturing sectors has subsequently impacted the demand for industrial wood adhesives during the early months of 2020. Moreover, decline in the overall construction and building materials manufacturing activities has led to discontinuation of industrial wood adhesives manufacturing projects, thereby reducing the demand for industrial wood adhesives. Similar trend was witnessed in other Asia Pacific countries, i.e. Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Asia Pacific industrial wood adhesives is segmented into resin type, technology and country. Based on resin type, the market is segmented into natural and synthetic. In 2019, the synthetic segment held the largest share in Asia Pacific industrial wood adhesives market. Based on technology, the Asia Pacific industrial wood adhesives is bifurcated into solvent-based, water-based, solventless, and others. The water-based segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific industrial wood adhesives market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacifica countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for industrial wood adhesives.
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 some of the leading companies in the Asia Pacific industrial wood adhesives market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Asia Pacific Industrial Wood Adhesives Market as follows:
Asia Pacific Industrial Wood Adhesives Market - By Resin Type
- Natural
- Synthetic
Asia Pacific Industrial Wood Adhesives Market - By Technology
- Solvent-Based
- Water-Based
- Solventless
- Others
Asia Pacific Industrial Wood Adhesives Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific industrial wood adhesives market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific industrial wood adhesives market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific industrial wood adhesives market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Asia Pacific Industrial Wood Adhesives Market - 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. Asia Pacific Industrial Wood Adhesives - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. Asia Pacific Industrial Wood Adhesives Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 An Upsurge in the Construction and Infrastructural Activities
5.1.2 Benefits Offered by Wood Adhesives
5.2 Market Restraint
5.2.1 Volatility in the Prices of Petroleum or Crude Oil
5.3 Future Trends
5.3.1 Rising demand for Bio-Based Wood Adhesives
5.4 Impact Analysis
6. Industrial Wood Adhesives Market - Asia Pacific Analysis
6.1 Asia Pacific Industrial Wood Adhesives Market Revenue Forecast and Analysis
7. Asia Pacific Industrial Wood Adhesives Market Analysis - By Resin Type
7.1 Overview
7.2 Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)
7.3 Natural
7.3.1 Overview
7.3.2 Natural: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Synthetic
7.4.1 Overview
7.4.2 Synthetic: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8. Asia Pacific Industrial Wood Adhesives Market Analysis - By Technology
8.1 Overview
8.2 Industrial Wood Adhesives Market Revenue Share, by Technology (2019 and 2027)
8.3 Solvent-Based
8.3.1 Overview
8.3.2 Solvent-Based: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Water-Based
8.4.1 Overview
8.4.2 Water-Based: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Solventless
8.5.1 Overview
8.5.2 Solventless: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9. Asia Pacific Industrial Wood Adhesives Market - Country Analysis
9.1 Asia Pacific: Industrial Wood Adhesives Market
9.1.1 Overview
9.1.2 Asia Pacific: Industrial Wood Adhesives Market, by Country, 2019 & 2027 (%)
9.1.3 China: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.3.1 China: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.3.2 China Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
9.1.3.3 China Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
9.1.4 Japan: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.4.1 Japan: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.4.2 Japan Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
9.1.4.3 Japan Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
9.1.5 India: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.5.1 India: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.5.2 India Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
9.1.5.3 India Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
9.1.6 South Korea: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.6.1 South Korea: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.6.2 South Korea Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
9.1.6.3 South Korea Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
9.1.7 Australia: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.7.1 Australia: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.7.2 Australia Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
9.1.7.3 Australia Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
9.1.8 Rest of Asia Pacific: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.8.1 Rest of Asia Pacific: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
9.1.8.2 Rest of Asia Pacific Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
9.1.8.3 Rest of Asia Pacific Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
10. Impact of COVID-19 Pandemic on Asia Pacific Industrial Wood Adhesives Market
10.1 Overview
10.2 Asia-Pacific: 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
12.1.6 Key Developments
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
12.4.6 Key Developments
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
12.6.6 Key Developments
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
13.2 Glossary of Terms
List of Tables
Table 1. Asia Pacific Industrial Adhesives Market - Revenue and Forecast to 2027 (US$ Mn)
Table 2. China Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. China Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
Table 4. Japan Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 5. Japan Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
Table 6. India Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 7. India Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
Table 8. South Korea Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 9. South Korea Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 10. Australia Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 11. Australia Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
Table 12. Rest of Asia Pacific Industrial Wood Adhesives Market, by Resin Type - Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Asia Pacific Industrial Wood Adhesives Market, by Technology - Revenue and Forecast to 2027(US$ Million)
Table 14. Glossary of Terms, Industrial Wood Adhesives MarketList of Figures
Figure 1. Industrial Wood Adhesives Market Segmentation
Figure 2. Asia Pacific Industrial Wood Adhesives Market, By Country
Figure 3. Asia Pacific Industrial Wood Adhesives Market Overview
Figure 4. Solvent-Based Segment Held Major Share by Technology Segment in Industrial Wood Adhesives Market
Figure 5. India to Witness Fastest Growth in the Market During the Forecast Period
Figure 6. Asia Pacific Industrial Wood Adhesives Market, Industry Landscape
Figure 7. Asia-Pacific - PEST Analysis
Figure 8. Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Industrial Wood Adhesives Market - Revenue Forecast and Analysis - 2017 - 2027
Figure 10. Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)
Figure 11. Natural: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 12. Synthetic: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 13. Industrial Wood Adhesives Market Share, by Technology (2019 and 2027)
Figure 14. Solvent-Based: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 15. Water-Based: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 16. Solventless: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 17. Others: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 18. Asia Pacific: Industrial Wood Adhesives Market, by Key Country - Revenue (2019) (USD Million)
Figure 19. Asia Pacific: Industrial Wood Adhesives Market, by Country, 2019 & 2027 (%)
Figure 20. China: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 21. Japan: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 22. India: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. South Korea: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 24. Australia: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 25. Rest of Asia Pacific: Industrial Wood Adhesives Market - Revenue and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Asia Pacific 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 112 |
| Published | June 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 2108.04 Million |
| Forecasted Market Value ( USD | $ 3076.58 Million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Asia Pacific |
