Wood Adhesives Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2020 - 2025

Report Code: CMR 74032 Report Format: PDF + Excel (Delivery in 48 Hrs)

Wood Adhesives Market Overview

Wood Adhesives Market size is forecast to reach $5169.9 Million by 2025, after growing at a CAGR of 3.8% during 2020-2025. Rising people’s concerns about trees decline and global warming have increased the use of engineered wood-based panels. Growing global engineered wood-based panels such as plywood, oriented strand board, and particle board which consumes a significant volume of adhesives during their manufacturing process production is a significant factor driving the market. Also, owing to the growing demand for environmentally friendly and green furnishings the market for wood adhesives industry is expected to drive in the forecast period. 

Wood Adhesives Market Report Coverage

The report: “Wood Adhesives Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wood Adhesives Industry.
By Type: Natural Resin Adhesives and Synthetic Resin Adhesives
By Technology: Solvent Based, Water Based, and Others
By Application: Furniture, Plywood, Cabinet, Flooring & Decks, Windows & Doors, Particle Board, and Others
By Geography: North America, South America, Asia Pacific, Europe, and Middle East & Africa 

Key Takeaways

  • APAC dominates the Wood Adhesives Market due to increasing investments in the renovation and construction activities in the region. 
  • With the increasing environmental concern about the harmful emissions of volatile organic compounds, the use of bio-based wood adhesives has increased. Manufacturers focus on developing high-performance, fast-paced, heat-resistant wood adhesives that can be used across a variety of applications and will anticipate boosting the market in the forecast era.
  • Increasing trend for the use of lightweight materials, rising disposable income, and a significant increase in consumer spending on the home decor and luxury furniture products are projected to fuel the demand for wood adhesives market.
  • The global COVID-19 pandemic has contributed to a sudden pause in the manufacturing activities worldwide, impacting the adhesives demand as well as their development & processing which will lead towards a hindrance in the wood adhesives market in 2020-2021.

Wood Adhesives Market Segment Analysis - By Type

Synthetic resin adhesives are extensively used in the wood adhesives market. Synthetic resin adhesives provide strong, durable adhesion at normal temperatures, and they can be softened by heating without degradation for application. In the formulation of synthetic resin, the resin component improves the performance properties of wood adhesives upon end use. In various woodworking applications such as furniture, flooring & decks, cabinets, plywood, particleboard, and windows & doors, synthetic adhesives are the most commonly used adhesives. Owing to the superior mechanical, physical and chemical properties of synthetic adhesives than natural adhesives the demand of synthetic resin adhesives is anticipated to rise in the forecast period. 

Wood Adhesives Market Segment Analysis - By Technology 

Solvent-based adhesive is used widely in the wood adhesives market. Solvent-based adhesive is a glue or adhesion product normally available in liquid form. Solvent-based adhesives make it easier to apply, because they contain an adhesive inside a more malleable or spreadable substance. It allows users to be more careful when applying the adhesive, covering places where rigid glue would be difficult to cover. A more thorough adhesive coating will ensure effective performance. The polymer solution is effectively able to dry rapidly as the solvent evaporates when the solvent-based adhesives are added. After the solvent evaporates, the glue becomes stronger until there is no solvent left in the solution, and the adhesive reaches its maximum effectiveness. Hence, due to these factors the technology is estimated to rise in the projected era.

Wood Adhesives Market Segment Analysis - By Application

Plywood held the largest share in the wood adhesives market in 2019 and is projected to grow at a CAGR of 4.7% during the forecast period 2020-2025. Wood adhesives are extensively used in the plywood’s as they provide excellent bonding to the furnishing item.  With the development of the industry, the use of plywood materials has greatly improved, and consequently the demand for wood adhesives has also increased accordingly. Recent regulations on VOCs and market awareness have led to increased demand for new goods with low volatile emissions. Phenol formaldehyde resins, since they form chemical bonds with the phenol-like lignin portion of wood, make excellent wood adhesives for plywood and particleboard. Due to their strong moisture resistance, they are especially suitable for exterior plywood. For interior and intermediate grade bonding, which covers the majority of manufactured hardwood plywood, urea-formaldehyde glues are used extensively. Also, owing to the increasing usage of plywood in the woodworking industry the market for wood adhesives is anticipated to increase in the forecast period.

Wood Adhesives Market Segment Analysis - By Geography

Asia Pacific held the largest share with 40% in the wood adhesives market in 2019. The market for wood adhesives in the APAC region is mainly driven by the ongoing developments in the construction industry. Wood adhesives materials are synthetic and natural adhesives which are found in liquid, as well as water forms and, are used primarily in building applications. China and India are considered to be the biggest consumers of wood adhesives in the APAC region. According to the International Trade Administration, the construction industry in China is expected to expand at an annual average of 5% in real terms between 2019 and 2023.Also, new construction activities and housing projects are projected to drive the market in this region. Due to COVID-19 pandemic, Australian government has announced the home builder initiative, to generate ongoing work for the residential construction market. According to this initiative, home builder provides a $25,000 grant to eligible owner-occupants to build a new home or substantially renovate an existing one. Home builder will help the housing construction market by encouraging new home buildings and renovations to begin. Hence, leading construction activities in this region will further drive the market in the forecast period.

Wood Adhesives Market Drivers

Increasing construction activities

Growing construction activities in various regions are increasing the application of wood creating scope for wood adhesives. Currently, plain wood, particleboards and medium density fiberboards are used in the construction of buildings, furniture, partitions, and many more. In Japan, more than 58.9 percent of houses are constructed in wood making it the largest country in the world in the construction of wooden houses, increasing the use of wood adhesives. The beams in glue-laminated beams are structurally constructed and sealed together with moisture-resistant adhesives. These are used as straight beams, columns that include lintels, purlins, ridge beams, and floor beams, bound rafters, trusses in building construction where wood adhesives are placed in very high amounts. Hence, growing construction activities in countries such as China, Japan, UK, USA, Russia and India are expected to drive the market demand for wood adhesive over the forecast period.

Rising urban population 

People are gradually making a shift to urban areas for a better standard living. With the growing focus on improving living standards, consumer spending on home decoration and luxury furniture products has increased. As a result, demand for wood products such as timber, plywood and others with greater esthetic appeal have increased significantly. Wood adhesive is a required necessity for a number of wood assembly applications such as edge gluing, dowel attachment, miter gluing, tongue and groove joints, and finger joining. Manufacturers are concentrating on creating wood adhesives that have greater resistance to wood and moisture content. The use of wood adhesives has also contributed to a decrease in total product and labor costs due to the relative ease of implementation and the sourcing of raw materials.

Wood Adhesives Market Challenges  

Volatility in petroleum or crude oil prices affect the demand for wood adhesives

One of the major challenges facing the global market for wood adhesives is the raw material or feedstock derived from petroleum or crude oil for the manufacture of these adhesives. Thus, price volatility impacts the cost of manufacturing wood adhesives which is a major challenge for manufacturers. The stability of oil prices indicates the degree to which oil prices rise or fall over time. Crude oil prices are strongly affected by supply – demand gap fluctuations and global macroeconomic and geopolitical factors. The Petroleum Exporting Countries Organization (OPEC) plays a significant part in supplying and seeking global oil. The stability of the oil price is dependent upon the combined effects of invariant and variable factors.

Wood Adhesives Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in wood adhesives market. In 2019, the market of wood adhesives market has been consolidated by the top five players accounting for xx% of the share. Major players in the wood adhesives market are Henkel AG &Co. KGaA, H.B. Fuller, 3M Company, Ashland Inc., Sika A.G., The Dow Chemical Company, AkzoNobel N.V., Bostik SA, and Pidilite Industries among others.

1. Wood Adhesives Market - Market Overview
    1.1 Definitions and Scope
2. Wood Adhesives Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Technology
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Wood Adhesives Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Wood Adhesives Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Wood Adhesives Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Wood Adhesives Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Wood Adhesives Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Wood Adhesives Market – By Type (Market Size -$Million)
    8.1 Natural Resin Adhesives
        8.1.1 Animal Based
            8.1.1.1 Casein
            8.1.1.2 Blood-Albumin Glue
        8.1.2 Plant Based
            8.1.2.1Starch Based
            8.1.2.2Protein Based
    8.2 Synthetic Resin Adhesives
        8.2.1 Thermosetting Resin Adhesives
            8.2.1.1 Urea Formaldehyde
            8.2.1.2 Melamine Formaldehyde
            8.2.1.3 Phenol Formaldehyde
            8.2.1.4 Resorcinol and Phenol-Resorcinol Formaldehyde
        8.2.2 Thermoplastic Resin Adhesives
            8.2.2.1 Polyvinyl Acetates
            8.2.2.2 Hot Melt Adhesives
        8.2.3 Others
9. Wood Adhesives Market – By Technology (Market Size -$Million)
    9.1 Solvent Based
    9.2 Water Based
    9.3 Others
10. Wood Adhesives Market - By Application (Market Size -$Million)
    10.1 Furniture
    10.2 Plywood
    10.3 Cabinet
    10.4 Flooring & Decks
    10.5 Windows & Doors
    10.6 Particle Board
    10.7 Others
11. Wood Adhesives Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Netherlands
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 ANZ
        11.4.4 Japan
        11.4.5 South Korea
        11.4.6 Rest of Asia Pacific
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.1.1 South Africa
            11.5.1.2 Nigeria
            11.5.1.3 Rest of South Africa
12. Wood Adhesives Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Wood Adhesives Market - List of Key Companies by Country Premium 
15. Wood Adhesives Market - Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Wood Adhesives Market By Resin Type Market 2019-2024 ($M)
1.1 Natural Resin Adhesives Market 2019-2024 ($M) - Global Industry Research
1.1.1 Animal-Based Market 2019-2024 ($M)
1.1.2 Plant-Based Market 2019-2024 ($M)
1.2 Synthetic Resin Adhesives Market 2019-2024 ($M) - Global Industry Research
1.2.1 Thermosetting Resin Adhesives Market 2019-2024 ($M)
1.2.2 Thermoplastic Resin Adhesives Market 2019-2024 ($M)
2.Global Wood Adhesives Market By Technology Market 2019-2024 ($M)
2.1 Solvent-Based Market 2019-2024 ($M) - Global Industry Research
2.2 Water-Based Market 2019-2024 ($M) - Global Industry Research
2.3 Solventless Market 2019-2024 ($M) - Global Industry Research
3.Global Wood Adhesives Market By Resin Type Market 2019-2024 (Volume/Units)
3.1 Natural Resin Adhesives Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Animal-Based Market 2019-2024 (Volume/Units)
3.1.2 Plant-Based Market 2019-2024 (Volume/Units)
3.2 Synthetic Resin Adhesives Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Thermosetting Resin Adhesives Market 2019-2024 (Volume/Units)
3.2.2 Thermoplastic Resin Adhesives Market 2019-2024 (Volume/Units)
4.Global Wood Adhesives Market By Technology Market 2019-2024 (Volume/Units)
4.1 Solvent-Based Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Water-Based Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Solventless Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Wood Adhesives Market By Resin Type Market 2019-2024 ($M)
5.1 Natural Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Animal-Based Market 2019-2024 ($M)
5.1.2 Plant-Based Market 2019-2024 ($M)
5.2 Synthetic Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Thermosetting Resin Adhesives Market 2019-2024 ($M)
5.2.2 Thermoplastic Resin Adhesives Market 2019-2024 ($M)
6.North America Wood Adhesives Market By Technology Market 2019-2024 ($M)
6.1 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
6.2 Water-Based Market 2019-2024 ($M) - Regional Industry Research
6.3 Solventless Market 2019-2024 ($M) - Regional Industry Research
7.South America Wood Adhesives Market By Resin Type Market 2019-2024 ($M)
7.1 Natural Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Animal-Based Market 2019-2024 ($M)
7.1.2 Plant-Based Market 2019-2024 ($M)
7.2 Synthetic Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Thermosetting Resin Adhesives Market 2019-2024 ($M)
7.2.2 Thermoplastic Resin Adhesives Market 2019-2024 ($M)
8.South America Wood Adhesives Market By Technology Market 2019-2024 ($M)
8.1 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
8.2 Water-Based Market 2019-2024 ($M) - Regional Industry Research
8.3 Solventless Market 2019-2024 ($M) - Regional Industry Research
9.Europe Wood Adhesives Market By Resin Type Market 2019-2024 ($M)
9.1 Natural Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Animal-Based Market 2019-2024 ($M)
9.1.2 Plant-Based Market 2019-2024 ($M)
9.2 Synthetic Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Thermosetting Resin Adhesives Market 2019-2024 ($M)
9.2.2 Thermoplastic Resin Adhesives Market 2019-2024 ($M)
10.Europe Wood Adhesives Market By Technology Market 2019-2024 ($M)
10.1 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
10.2 Water-Based Market 2019-2024 ($M) - Regional Industry Research
10.3 Solventless Market 2019-2024 ($M) - Regional Industry Research
11.APAC Wood Adhesives Market By Resin Type Market 2019-2024 ($M)
11.1 Natural Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Animal-Based Market 2019-2024 ($M)
11.1.2 Plant-Based Market 2019-2024 ($M)
11.2 Synthetic Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Thermosetting Resin Adhesives Market 2019-2024 ($M)
11.2.2 Thermoplastic Resin Adhesives Market 2019-2024 ($M)
12.APAC Wood Adhesives Market By Technology Market 2019-2024 ($M)
12.1 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
12.2 Water-Based Market 2019-2024 ($M) - Regional Industry Research
12.3 Solventless Market 2019-2024 ($M) - Regional Industry Research
13.MENA Wood Adhesives Market By Resin Type Market 2019-2024 ($M)
13.1 Natural Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Animal-Based Market 2019-2024 ($M)
13.1.2 Plant-Based Market 2019-2024 ($M)
13.2 Synthetic Resin Adhesives Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Thermosetting Resin Adhesives Market 2019-2024 ($M)
13.2.2 Thermoplastic Resin Adhesives Market 2019-2024 ($M)
14.MENA Wood Adhesives Market By Technology Market 2019-2024 ($M)
14.1 Solvent-Based Market 2019-2024 ($M) - Regional Industry Research
14.2 Water-Based Market 2019-2024 ($M) - Regional Industry Research
14.3 Solventless Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Wood Adhesives Market Revenue, 2019-2024 ($M)
2.Canada Wood Adhesives Market Revenue, 2019-2024 ($M)
3.Mexico Wood Adhesives Market Revenue, 2019-2024 ($M)
4.Brazil Wood Adhesives Market Revenue, 2019-2024 ($M)
5.Argentina Wood Adhesives Market Revenue, 2019-2024 ($M)
6.Peru Wood Adhesives Market Revenue, 2019-2024 ($M)
7.Colombia Wood Adhesives Market Revenue, 2019-2024 ($M)
8.Chile Wood Adhesives Market Revenue, 2019-2024 ($M)
9.Rest of South America Wood Adhesives Market Revenue, 2019-2024 ($M)
10.UK Wood Adhesives Market Revenue, 2019-2024 ($M)
11.Germany Wood Adhesives Market Revenue, 2019-2024 ($M)
12.France Wood Adhesives Market Revenue, 2019-2024 ($M)
13.Italy Wood Adhesives Market Revenue, 2019-2024 ($M)
14.Spain Wood Adhesives Market Revenue, 2019-2024 ($M)
15.Rest of Europe Wood Adhesives Market Revenue, 2019-2024 ($M)
16.China Wood Adhesives Market Revenue, 2019-2024 ($M)
17.India Wood Adhesives Market Revenue, 2019-2024 ($M)
18.Japan Wood Adhesives Market Revenue, 2019-2024 ($M)
19.South Korea Wood Adhesives Market Revenue, 2019-2024 ($M)
20.South Africa Wood Adhesives Market Revenue, 2019-2024 ($M)
21.North America Wood Adhesives By Application
22.South America Wood Adhesives By Application
23.Europe Wood Adhesives By Application
24.APAC Wood Adhesives By Application
25.MENA Wood Adhesives By Application
26.Henkel AG & Co. KGaA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.3M Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sika AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.H.B. Fuller, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ashland Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Bostik SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Akzonobel N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Pidilite Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Jubilant Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)