Press release
Wood Adhesive Market is estimated to grow at a CAGR of 6.5% during the forecast period of 2023-2030 : Cognitive Market Research
Wood Adhesive Market is estimated to grow at a CAGR of 6.5% during the forecast period of 2023-2030 : Cognitive Market Research
- The term wood adhesive describes the adhesive that helps to bind pieces of wood together. They are frequently employed in the manufacture of furniture, ships, and crafts. Among the most popular wood adhesives are polyurethane, epoxy, concealed glue, and PVA glue. These adhesives are water resistant and were created with the idea that there should be no gaps between wooden components.
Summary
• The Global Wood Adhesive Market is estimated to be valued at USD 6,931.0 million in 2022 and is expected to exhibit a CAGR of 6.5% during the forecast period (2023-2030).
• North America region is forecasted to dominate the growth of the global wood adhesive market with the highest revenue share.
"To know more about The Wood Adhesive Market statistics click here: https://www.cognitivemarketresearch.com/wood-adhesive-market-report
Market Dynamics:
- Increasing the manufacturing of engineered wood-based panels is forecasted to dominate the global wood adhesive market. In addition, increasing demand for cabinets, high-quality wooden furniture, and other household products in the market due to an increase in disposable income among consumers drives the demand for the target market. Additionally, rising demand for eco-friendly and green furniture, growing public concern over the destruction of trees, and the effects of global warming dominate the demand for the global market.
Furthermore, technological development in the product will provide the opportunity for the growth of the global wood adhesive market.
Market Segmentation:
Product Type:
• Urea-formaldehyde (UF)
• Phenol-formaldehyde
• Epoxy
• Polyurethane
• Polyvinyl acetate (PVA)
• Others (Soy Based, etc.)
Based on product type, urea-formaldehyde (UF) dominates the demand for the global wood adhesive market, due to its properties such as flexural modulus and high tensile strength.
Application:
• Housing Components
• Doors & Windows
• Furniture
• Flooring
• Others
Based on application, the global market is segmented into furniture, housing components, doors & windows, flooring, and others. Furniture is forecasted to dominate the global market, due to wide applications for wood-based panels in furniture.
Technology:
• Water-based
• Solvent-based
• Others (Solvent less, etc.)
Based on technology the global market is segmented into solvent-based, water-based, and others. Water-based technology is forecasted to dominate the growth of the global market, due to increasing demand for water-based technology across the globe
Substrate:
• Plywood
• Fiberboards
• Solid Wood
• Oriented Strand Boards
• Others (Particle Board, etc.)
Based on substrate, the global market is segmented into plywood, solid wood, fiberboards, oriented strand boards, and others. Plywood has the highest share of the growth of the global market, due increase in the manufacturing of plywood, especially in the Asia Pacific Region.
The Major Players in Wood Adhesive Market are:
Dowcoring, H.B.Fuller, Kleiberit, Jowat, Total, Henkel, 3m, Zhijiang, Vibon, Genhe
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Regional Analysis:
- Asia Pacific has the highest revenue share in the global wood adhesive market
Asia Pacific region is forecasted to dominate the growth of the global wood adhesives market with the highest revenue share. This is attributed to the rising focus on hybrid vehicles and their advantageous impact on fuel economy and emissions drives the demand for the global market. Furthermore, North America is forecasted to dominate the target market in terms of growth rate. This is attributed to the presence of major market players in the country in the region.
Wood Adhesive Market Recent News
• Henkel has invested in hardwood technology start-up 3RT
In July 2022, Henkel Adhesive Technologies has invested in 3RT in Melbourne, Australia, to expand its knowledge of timber building solutions. Henkel plans to utilize the funding to grow its engineered wood business and accelerate the adoption of environmentally friendly, cutting-edge technology.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Wood Adhesive Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Wood Adhesive Market Segmentation
1.5.1 Wood Adhesive Market Regional Fragmentation
1.5.1 Wood Adhesive Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Wood Adhesive Market
Chapter 4 Global Wood Adhesive Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Wood Adhesive Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Wood Adhesive Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Wood Adhesive Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Wood Adhesive Market by Substrate Segmentation Analysis (2018-2030)
Chapter 13 Global Wood Adhesive Market Regional Analysis
Chapter 14 North America Wood Adhesive Market Outlook (2018 - 2030)
Chapter 15 Europe Wood Adhesive Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Wood Adhesive Market Outlook (2018 - 2030)
Chapter 17 Latin America Wood Adhesive Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Wood Adhesive Market Outlook (2018 - 2030)
Chapter 19 Research Findings
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To know more Wood Adhesive Market TOC click here: https://www.cognitivemarketresearch.com/wood-adhesive-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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