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Wood adhesives are polymeric materials that interact physically or chemically with the surface of wood in such a way that stresses are transferred between bonded members, hopefully without rupture of the adhesive or detachment of the adhesive from the wood. Wood adhesives are any substance capable of attaching materials together by means of surface attachment. This property is not necessarily an intrinsic characteristic of the substance itself since the adhesive may be much weaker than the materials joined together, but it is developed as the adhesive interacts with the adherends under certain conditions of temperature and pressure.
The global wood adhesives market is primarily driven by factors such as, innovations in furniture & décor, rising urban population, increase disposable income and increasing consumer spending on luxury furniture. One of the major trends which will influenced the wood adhesives market during the forecast period is the significant shift of consumers towards bio-based wood adhesives owing to the characteristics like low toxicity, biodegradability, and lower prices. However, strict environmental regulation imposed by the government are is projected to hinder the growth of the market.
The global wood adhesives market is segmented into, resin type, technology, application and geography.
The report analyses the wood adhesives market by resin type into natural resin adhesives and synthetic resin adhesives. Natural resin adhesives are further sub segmented into animal based and plant based. Synthetic resin adhesives are further bifurcated into thermosetting resin adhesives, thermoplastic resin adhesives and others. The synthetic resin adhesive dominated the global wood adhesive market and accounted for highest market share in terms of volume. Moreover, natural resin adhesives segment is expected to grow at a faster pace during the forecast period owing to increasing need of green products, high environmental standards and price volatility of petrochemical compound.
Based on technology, the market is segmented into solvent based, water based, solvent less and others. The solvent based segment dominates the market owing to its characteristics like bonding strength, resistance to chemicals and temperature, and durability. Moreover, the demand for solvent less segment is expected to grow during the forecast period. This growth is mainly attributed to Increasing awareness related to health and environmental issues intensified the demand for water borne and solvent free adhesive technologies.
By application the market is bifurcated into furniture, plywood, particle board, flooring and decks, cabinets, windows and doors and others. Others including marine, tile board, shutters, sidings, ceilings, and wooden toys. Amongst all major application, the furniture segment is projected to grow at high pace, due to wide expansion of furniture industries and rising construction spending in developed and developing economies.
By geography wood adhesives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Middle East & Africa and Latin America. Asia Pacific is expected to be the fastest-growing region during the prediction period. Growth in furniture manufacturing sector, urbanization and increase in construction activities are the prominent factors driving the Asian wood adhesives market. Additionally, rising demand for wood adhesive from China and India further boosts the wood adhesive market.
The key companies operating in the wood adhesives market are Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.), Sika A.G. (Switzerland), The Dow Chemical Company (U.S.), AkzoNobel N.V. (Netherlands), Bostik SA (France), and Pidilite Industries (India), etc. research and development, new product development and technological advancement are the key growth strategies adopted by major players to reinforce their positions in the international market and expand their geographic presence.
Wood adhesives are any substance capable of attaching materials together by means of surface attachment. This property is not necessarily an intrinsic characteristic of the substance itself since the adhesive may be much weaker than the materials joined together, but it is developed as the adhesive interacts with the adherends under certain conditions of temperature and pressure. Wood adhesives are polymeric materials that interact physically or chemically with the surface of wood in such a way that stresses are transferred between bonded members, hopefully without rupture of the adhesive or detachment of the adhesive from the wood.
Global wood adhesives market is segmented into, resin type, technology, application and geography. The report analyses the wood adhesives market by resin type into natural resin adhesives and synthetic resin adhesives. Natural resin adhesives are further sub segmented into animal based and plant based. Based on technology, the market is segmented into solvent based, water based, solvent less and others. By application the market is bifurcated into furniture, plywood, particle board, flooring and decks, cabinets, windows and doors and others.
By geography wood adhesives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Middle East & Africa and Latin America. Asia Pacific is expected to be the fastest-growing region during the prediction period. Growth in furniture manufacturing sector, urbanization and increase in construction activities are the prominent factors driving the Asian wood adhesives market.
The key companies operating in the wood adhesives market are Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.), Sika A.G. (Switzerland), The Dow Chemical Company (U.S.), AkzoNobel N.V. (Netherlands), Bostik SA (France), and Pidilite Industries (India), etc.
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