The Global Wood Adhesives Market accounted for USD 982.3 million in 2016 and projected to grow at a CAGR of 4.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Wood Adhesives Market
Wood adhesives are the adhesive used to joining woods together tightly. Wood adhesives are designed to set thin so there are no gaps between wooden parts. They are available in interior, water resistant or waterproof varieties. It has its wide application in furniture, cabinet, plywood, flooring & decks, particle board, windows & doors. Increasing urban population, and rise in new construction activities may act as the major driver in the growth of wood adhesives market. Increase in use of substitute materials may hamper the market.
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Major Market Drivers & Restraints: Global Wood Adhesives Market
- Increasing urban population
- Rise in new construction activities
- Renovations and remodeling
- Growth due to emerging economies such as Asia-Pacific, the Middle East & Africa, and South America
- Volatility in raw material prices
- Increase in use of substitute materials
Market Segmentation: Global Wood Adhesives Market
The global wood adhesives market is segmented on the basis of resin type into natural resin adhesives, and synthetic resin adhesives. The natural resin adhesives segment is sub segmented into animal-based, and plant-based. The animal based segment is sub segmented into casein, and blood-albumin glue. The plant-based segment is sub segmented into starch-based, and protein-based. The synthetic resin adhesives segment is sub segmented into thermosetting resin adhesives, thermoplastic resin adhesives, and others. The thermosetting resin adhesives segment is sub segmented into urea-formaldehyde, melamine formaldehyde, phenol formaldehyde, and resorcinol and phenol-resorcinol formaldehyde. The thermoplastic resin adhesives segment is sub segmented into polyvinyl acetates, and hot-melt adhesives.
On the basis of technology, the global wood adhesives market is segmented into solvent-based, water-based, solventless, and others.
On the basis of application, the global wood adhesives market is segmented into furniture, cabinet, plywood, flooring & decks, particle board, windows & doors, and others. The flooring & decks segment is sub segmented into flooring, and decks.
On the basis of geography, the global wood adhesives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Wood Adhesives Market
The global Wood adhesives market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Wood Adhesives Market
Some of the major players in global wood adhesives market include Henkel AG & Co. KGaA, 3M, Sika AG, H.B. Fuller Company, Ashland, Bostik, Akzo Nobel N.V., The Dow Chemical Company, Pidilite Industries Ltd., Jubilant Industries Ltd., Dana Lim A/S, The Lubrizol Corporation, DSM, Sika Sverige AB, Franklin International, Shanghai LonKoll Adhesive Co., Ltd., Georgia-Pacific, Dynea AS, DSM, and others.
Research Methodology: Global Wood Adhesives Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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