The global wood adhesives market is anticipated to grow at a CAGR during the forecast period. The market growth is driven by the increasing disposable income level in major economies, rising demand for engineered wood-based panels and eco-friendly & green furniture in the residential sector, and rapid urbanization that has surged the construction activities in emerging economies. Apart from these, wood panel manufacturers, especially in Asia-Pacific, rely on in-house production capabilities to produce adhesives for their products. Moreover, with the growing construction sector in Asia-Pacific major countries, such as China, India, and Japan, the utilization of wood adhesives is increasing in the region. In India, as per the IBEF, FDI in the construction development sector and construction activities stood at $26.08 bn and $24.72 bn, respectively, between April 2000 and March 2021. The growing construction activities are creating significant scope for the wood adhesive market. Besides, the market growth is also backed by the increasing mergers and acquisitions and new product launches by the major players in the market in order to fulfill the growing market demand.
In August 2021, Arkema Group acquired Ashland’s Performance Adhesives business, one of the global leaders in high-performance adhesives for industrial applications in the US with a unique and innovative product portfolio. With this acquisition, the company expanded its product offering to high-performance adhesives. Similarly, in March 2019, Akzo Nobel NV launched a new coatings system.
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Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
Segment Covered-
· By Resin Type
· By Technology
· By Application
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- 3M Co., Arkema Group, Akzo Nobel NV, Ashland Inc., Bostik SA, The Dow Chemical Co, Henkel AG & Co. KGaA, Jubilant Industries Ltd., Pidilite Industries Ltd., among others.
Wood adhesives Market Report by Segment
By Resin Type
· Natural
· Synthetic
By Technology
· Solvent-Based
· Water-Based
By Application
· Flooring & Decks
· Furniture
· Particle Board
· Windows & Doors
· Others
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Wood adhesives Market Report 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 & Africa
Company Profiles
· 3M Co.
· AICA Kogyo Co. Ltd
· Arkema Group
· Akzo Nobel NV
· Ashland Global Holdings Inc
· Bostik SA
· Dana Lim A/S
· The Dow Chemical Co
· Dynea Oy
· GP Chemicals LLC
· H.B. Fuller Co
· Henkel AG & Co. KGaA
· Jubilant Industries Ltd
· The Lubrizol Corp
· Pidilite Industries Ltd
· Sika AG
· Wanhua Chemical Group Co., Ltd
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