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Wood Adhesives Global Market Report 2022, By Product, Technology, Resin Type, Application

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    Report

  • 175 Pages
  • February 2022
  • Region: Global
  • The Business Research Company
  • ID: 5548346
Wood Adhesives Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global wood adhesives market.



This report focuses on wood adhesives market which is experiencing strong growth.

The report gives a guide to the wood adhesives market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the wood adhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Wood Adhesives market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
  • It traces the market’s historic and forecast market growth by geography.
  • It places the market within the context of the wider wood adhesives market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
  • It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies.
  • Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The wood adhesives market section of the report gives context.
  • It compares the wood adhesives market with other segments of the wood adhesives market by size and growth, historic and forecast.
  • It analyses GDP proportion, expenditure per capita, wood adhesives indicators comparison.

Scope


Markets Covered:
1) By Product: Urea-formaldehyde; Melamine urea-formaldehyde; Phenol-formaldehyde; Isocyanates; Polyurethane; Polyvinyl acetate; Soy-based; Others
2) ByTechnology: Solvent Based; Water Based; Others
3) By Resin Type: Natural; Synthetic

Companies Mentioned: Henkel AG & Co.; H.B.- Fuller; 3M; Sika AG; The Dow Chemical Company

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Wood Adhesives Market

What is the estimated value of the Global Wood Adhesives Market?

The Global Wood Adhesives Market was estimated to be valued at $4.78 billion in 2022.

What is the growth rate of the Global Wood Adhesives Market?

The growth rate of the Global Wood Adhesives Market is 5.5%, with an estimated value of $5.92 billion by 2026.

What is the forecasted size of the Global Wood Adhesives Market?

The Global Wood Adhesives Market is estimated to be worth $5.92 billion by 2026.

Who are the key companies in the Global Wood Adhesives Market?

Key companies in the Global Wood Adhesives Market include Henkel AG & Co., H.B. Fuller, 3M, Sika AG, The Dow Chemical Company, AkzoNobel N.V., Bostik, Pidilite Industries and Arkema.

Table of Contents

1. Executive Summary2. Wood Adhesives Market Characteristics3. Wood Adhesives Market Trends And Strategies4. Impact Of COVID-19 On Wood Adhesives
5. Wood Adhesives Market Size And Growth
5.1. Global Wood Adhesives Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Wood Adhesives Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Wood Adhesives Market Segmentation
6.1. Global Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Urea-formaldehyde
  • Melamine urea-formaldehyde
  • Phenol-formaldehyde
  • Isocyanates
  • Polyurethane
  • Polyvinyl acetate
  • Soy-based
  • Others
6.2. Global Wood Adhesives Market, Segmentation ByTechnology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Solvent Based
  • Water Based
  • Others
6.3. Global Wood Adhesives Market, Segmentation By Resin Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Natural
  • Synthetic
6.4. Global Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Flooring And Decks
  • Plywood
  • Furniture
  • Cabinet
  • Windows And Doors.
  • Others

7. Wood Adhesives Market Regional And Country Analysis
7.1. Global Wood Adhesives Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Wood Adhesives Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Wood Adhesives Market
8.1. Asia-Pacific Wood Adhesives Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Wood Adhesives Market
9.1. China Wood Adhesives Market Overview
9.2. China Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Wood Adhesives Market
10.1. India Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Wood Adhesives Market
11.1. Japan Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Wood Adhesives Market
12.1. Australia Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Wood Adhesives Market
13.1. Indonesia Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Wood Adhesives Market
14.1. South Korea Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Wood Adhesives Market
15.1. Western Europe Wood Adhesives Market Overview
15.2. Western Europe Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Wood Adhesives Market
16.1. UK Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Wood Adhesives Market
17.1. Germany Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Wood Adhesives Market
18.4. France Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Wood Adhesives Market
19.1. Eastern Europe Wood Adhesives Market Overview
19.2. Eastern Europe Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Wood Adhesives Market
20.1. Russia Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Wood Adhesives Market
21.1. North America Wood Adhesives Market Overview
21.2. North America Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Wood Adhesives Market
22.1. USA Wood Adhesives Market Overview
22.2. USA Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Wood Adhesives Market
23.1. South America Wood Adhesives Market Overview
23.2. South America Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Wood Adhesives Market
24.1. Brazil Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Wood Adhesives Market
25.1. Middle East Wood Adhesives Market Overview
25.2. Middle East Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Wood Adhesives Market
26.1. Africa Wood Adhesives Market Overview
26.2. Africa Wood Adhesives Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Wood Adhesives Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Wood Adhesives Market Competitive Landscape And Company Profiles
27.1. Wood Adhesives Market Competitive Landscape
27.2. Wood Adhesives Market Company Profiles
27.2.1. Henkel AG & Co.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. H.B. Fuller
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. 3M
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Sika AG
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. The Dow Chemical Company
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Wood Adhesives Market29. Wood Adhesives Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the wood adhesives market are Henkel AG & Co., H.B. Fuller, 3M, Sika AG, The Dow Chemical Company, AkzoNobel N.V, Bostik, Pidilite Industries, Huntsman Corporation, Arkema, Jubilant Industries, Aica Kogyo Company Limited, Avery Dennison, Adhesives Research Inc. and W.F. Taylor.

The global wood adhesives market is expected to grow from $4.40 billion in 2021 to $4.78 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.92 billion in 2026 at a CAGR of 5.5%.

The wood adhesives market consists of the sale of wood adhesives by the entities (organization, sole proprietor, and partnerships) that are utilized to bind wooden materials with each other or with diverse materials. Wood adhesives are polymeric compounds capable of reacting with the surface of the wood in such a way that stresses are passed between bonded parts, either physically or chemically, or both. Wood adhesives are commonly used to manufacture building materials such as plywood and other laminated veneer products, particleboard, oriented strand board, fiberboard, laminated beams and timbers, edge- and enjoined products, architectural doors, windows and frames, and fiberglass insulation.

The main products of wood adhesives are urea-formaldehyde, melamine urea-formaldehyde, phenol-formaldehyde, isocyanates, polyurethane, polyvinyl acetate, soy-based, and others. Urea-formaldehyde is one of the most important formaldehyde resin adhesives and it is a polymeric condensation product of formaldehyde with urea and is widely used for the manufacture of wood-based composite panels. The different technologies include solvent-based, water-based, others and involve various types of resins such as natural, synthetic. it is used in several applications including flooring and decks, plywood, furniture, cabinet, windows and doors, and others.

Asia Pacific was the largest region in the wood adhesives market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The significant increase in spending of consumers on home decorative and luxury furniture products is expected to drive the growth of the wood adhesives market going forward. Wood adhesives are used for most wood joinery purposes and are an effective assembly choice for home decors and wooden furniture. Despite major supply chain challenges, luxury furniture, and home goods retailer RH remains optimistic that robust consumer spending will continue, as the business strives to posture itself beyond curating and selling objects and towards conceiving and selling settings. For instance, RH's net revenue in the second quarter of 2021 was $989 million, up 39% from the previous year and 40% from the second quarter of 2019. RH currently expects its full-year sales in 2021 to grow by 31% to 33%, up from previous predictions of 25% to 30%, based on the stability of the business. Therefore, the increase in spending of consumers on home decorative and luxury furniture products propels the growth of the wood adhesives market.

Strategic collaborations are shaping the wood adhesives market. Strategic collaborations provide manufacturers of wood adhesives with a broader distribution range, which aids in market growth. For instance, in June 2021, to meet the increased demand for adhesive applications in the b2b woodworking industry, HB Fuller has signed a distribution deal with Jubilant Agri and Consumer Products, a 100% subsidiary of Jubilant Industries. This strategic partnership will help HB Fuller expand the reach of its high-performing adhesive solutions across a variety of technologies, including water-based, hot melt moisture cures, and polyurethanes, to better meet customers' specific adhesion and sustainability needs, while also providing access to global experts and local expertise, service, and technical support. Furthermore, in April 2021, Innovative Chemical Products Group (ICP Group) acquired Choice Adhesives. With the acquisition of Choice Adhesives to the ICP BSG family, the ICP BSG family will be able to effectively support its professional clients in the roofing adhesive sector.

In August 2021, Arkema, a France-based specialty chemicals and advanced materials company, acquired Ashland performance adhesives for $1.65 billion. This acquisition aligns with the Arkema Group’s ambition to become a pure specialty materials player by the year 2024 and focus its development on sustainable and high-performance solutions. Ashland Global is a US-based chemicals company that manufactures wood adhesives.

The countries covered in the wood adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Henkel AG & Co.
  • H.B. Fuller
  • 3M
  • Sika AG
  • The Dow Chemical Company
  • AkzoNobel N.V.
  • Bostik
  • Pidilite Industries
  • Huntsman Corporation
  • Arkema
  • Jubilant Industries
  • Aica Kogyo Company Limited
  • Avery Dennison
  • Adhesives Research Inc.
  • W.F. Taylor

Methodology

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