The global engineered wood adhesives market is anticipated to grow at a CAGR of 19.0% during the forecast period (2024-2031). The market growth is attributed to the growing preference towards engineered wood products in furniture, and buildings, like plywood, and particleboard with increased demand as these products’ construction requires reliable adhesives globally. There are numerous applications for engineered wood adhesives. Wood adhesive products are used to bind wood fibers, strands, and particles to produce glued laminated timber construction materials that are robust and long-lasting. In addition to load-bearing wood applications, these materials are utilized for engineered wood laminate and structural supports such as engineered wood joists and trusses. For instance, in November 2023, Henkel introduced bio-based polyurethane (PUR) adhesives for load-bearing timber construction. Henkel Engineered Wood enabled a vital transformation with its innovative solutions – and initiated a further transformation in the industry by shifting from fossil-based to bio-based formulations.
The preferred option for the safe and environmentally friendly packaging of interior doors, engineered wood flooring, laminate boards, and furniture parts is bio-based hot melt adhesive. Owing to its exceptionally high certified renewable raw material content (over 50.0%), it aids processors in drastically lowering their consumption of fossil fuels. For instance, in April 2023, Jowat SE introduced the new PUR hot melt adhesive Jowatherm-Reaktant® GROW 657.40. It impresses with a formulation containing 20.0% bio-based raw materials, outstanding thermal stability in the melt, and many different applications. Jowatherm® GROW 853.22 is a bio-based hot melt adhesive and the product of choice for the secure and sustainable packaging of furniture components, interior doors, and engineered wood flooring or laminate boards.
The multipurpose polyurethane adhesive is the newest choice for construction and renovation, with unique features such as being one component and with the ability to adhere to rubber, concrete, artificial turf, luxury vinyl tile, and various types of woods including engineered wood. For instance, in July 2023, The Dow Thailand Group introduced new polyurethane flooring adhesive technology DIAMONDLOCK™to the Thailand market. The product is versatile for use with various flooring substrates, easy to cure and handle, flexible, non-flammable, user-friendly, and with non-detectable volatile organic compounds (VOCs).
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Resin
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Sika AG, and The Dow Chemical Co., among others.
Engineered Wood Adhesives Market Report Segment
By Resin
- Melamine Formaldehyde
- Phenol Resorcinol Formaldehyde
- Polyurethane
- Others (Isocyanates, Polyvinyl Acetate (PVA))
By Product
- Cross-laminated timber (CLT)
- Glulam
- Plywood
- Oriented Strand Board (OSB)
- Medium Density Fiberboard (MDF)
- Laminated Veneer Lumber (LVL)
By Application
- Flooring
- Furniture
- Doors & Windows
- Housing Components
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Engineered Wood Adhesives Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- 3M Company
- Akzo Nobel N.V.
- Ashland Inc.
- Avery Dennison Corp.
- Beardow Adams
- Bostik Ltd.
- Dymax Corporation
- Franklin International
- Hexion Inc.
- Huntsman International LLC
- Illinois Tool Works Inc.
- M S International, Inc.
- Momentive Performance Materials Inc.
- Permabond Engineering Adhesives
- Pidilite Industries Ltd.
- Quin Global (UK) Ltd.
- RPM International Inc.
- Wacker Chemie AG
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