The Wood Adhesives market is estimated to grow at a CAGR of 3.94% over the forecast period, to reach a total market size of US$5.775 billion in 2022, increasing from US$4.580 billion in 2016. Wood Adhesives are components used to bind wooden materials and are majorly used by furniture manufacturing companies. New variants and advanced technologies being used in glues, a rapid increase in the usage of household items, increasing customized furniture needs, and the development of new bonding technologies are the factors driving the market growth. The Americas region is expected to witness a high growth on account of increasing investments in the research and development of low-cost wood adhesives.
Market Dynamics
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook; key industry and regional regulations which are determining the product specifications and a brief technological aspect of Wood Adhesives. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
The segmentation for the Wood Adhesives market has been done as follows:
By resin type:
Natural
Animal Based
Plant Based
Synthetic
Thermosetting
Thermoplastic
Others
By technology:
Water Based
Solvent Based
Others
By application:
Plywood
Furniture
Consumer Goods
Others
By geography:
Americas
North America
South America
Europe Middle East and Africa
Europe
MEA
Asia Pacific
Market Players
Key industry players profiled as part of the report are:
3M
Henkel AG & Co. KGaA
ITW Dynatec
Huntsman International LLC
Avery Dennison Corporation
Sika AG
The Dow Chemical Company
Hexion
RPM International Inc.
Bostik
Akzo Nobel N.V.
MAPEI Corporation
DriTac
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