The global Wood Adhesives Market is
expected to reach USD 6.18 billion by 2025, according to a new report
by Grand View Research, Inc. Recovery in the global housing market and
increasing consumer spending on luxury furniture and home decor has
prompted higher investments in lightweight and convenient bonding
materials such as wood adhesives.
The
demand for timber furniture and plywood building materials has risen
significantly owing to their high aesthetic appeal and compatibility
with numerous substrates. This in turn has driven investments in
superior processing & bonding technologies to foster mass production
and meet growing global demand.
Adhesives
have replaced conventional bonding materials such as metal fasteners
owing to their ease of process ability, faster curing time and relative
low production costs. Conventional glues formulated using synthetic
chemicals such as formaldehyde are increasingly being substituted with
sustainable alternatives based on organic sources, which has contributed
to industry growth in recent years.
Urea-formaldehyde
products are expected to retain their dominance owing to their highly
durable nature after setting & hardening. The product occupied over
40% of the volume share in 2015 and is forecasted to grow at 4.4% CAGR
from 2016 till 2025.
To Request for Sample Copy of this report: http://www.grandviewresearch.com/industry-analysis/wood-adhesives-market
Further key findings from the report suggest:
- Melamine urea-formaldehyde (MUF) products are another dominant category in the industry, and are expected to grow on account of their compatibility & effectiveness on exterior timber panels & laminate preparation
- Flooring & plywood are expected to remain the dominant application with over 33% of the revenue share in 2015. Rising construction spending in emerging economies & the recovery of the residential & housing sector in North America has contributed significantly to timber demand in these applications.
- Furniture is expected to emerge as a fast-growing application with 3.3% CAGR from 2016 to 2025. Expansion of the furniture and woodworking industries, along with government initiatives encourage domestic production in emerging economies such as the ‘Make in India’ scheme has encouraged manufacturers to opt for easily available bonding materials.
- Asia Pacific is anticipated to grow at the highest CAGR of 4.8% in terms of revenue, since numerous European & American manufacturers are establishing production bases in the region to tap lucrative potential
- The industry is characterized by the presence of major multinationals including Wanhua Chemical Group, LonKoll, Henkel, Lubrizol Corporation, HB Fuller Company, Casco Adhesives AB, Dana Lim A.S., Bostik Adhesives, GP Chemicals, AkzoNobel, Franklin Adhesives & Polymers, Royal DSM, Dynea, and Surfactant Industries among others.
Read Our Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals
Grand View Research has segmented the global wood adhesives market on the basis of product, application, and region:
Wood Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Urea-Formaldehyde
- Melamine Urea-Formaldehyde
- Phenol-Formaldehyde
- Isocyanate
- Polyurethane
- Polyvinyl Acetate
- Soy-based
- Others
Wood Adhesives Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Flooring & Plywood
- Furniture
- Doors & Windows
- Housing Components
- Others
Wood Adhesives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- North America
- US.
- Canada
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Mexico
- Brazil
- Middle East & Africa
- Saudi Arabia
Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-wood-adhesives-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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