Wood adhesives play a prominent role in keeping the products intact and providing reliability. The growing awareness of resource conservation has led to the demand for glue in several industries, which have rejected conventional bonding materials. The demand from furniture industry has been driving the need for wood adhesives globally.
Wood Adhesives Market Size and Growth Rate:
Wood Adhesives Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2021 growing at a CAGR of xx% during the forecast period 2017 to 2021.
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Wood Adhesives Market Growth Drivers and Restraints:
The field of application has expanded considerably in recent years, with laminated sheets and plywood in the international furniture and construction markets. Manufacturers and assemblers are increasingly required to meet transitional consumption standards through innovative, sustainable and lightweight products. The strengthening of opinions on sustainable development has also been a determining factor as furniture manufacturers try to optimize their production processes and comply with energy efficiency standards. The growing awareness of resource conservation has also led to the demand for glue in several industries, which have rejected conventional bonding materials.
Geographical Overview of Wood Adhesives Market:
North America is another dominant contributor to the sector’s revenues, with an estimated growth of 3.6% CAGR from 2016 to 2025. The economic recovery of the U.S has contributed to increase construction spending, including renovation activities, which in turn stimulated demand for products in the region.
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Key Players of Wood Adhesives Market:
Some of the leading market players of Wood Adhesives Market are Pidilite Industries, Jubilant Industries, H.B. Fuller, Ashland, Henkel, Sika A.G., Dana Lim A.S., Lubrizol Corporation and others.
Wood Adhesives Market Segmentation:
By Product:
- Natural Wood Adhesives
- Synthetic Wood Adhesives
By End Users / Applications:
- Furniture
- Plywood
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