Posted by IMARC Group, a leading market research company, has recently releases report titled “Wood Adhesives and Binders Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global wood adhesives and binders market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the wood adhesives and binders market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 16.8 Billion |
| Market Forecast in 2028 | US$ 21.5 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.1% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is wood adhesives and binders?
Wood adhesives and binders are substances that are used to bind together two or more wooden surfaces or planks firmly. They are available in both natural and synthetic varieties. However, nowadays, they are essentially prepared from fossil-derived polymers, including urea, melamine, formaldehyde, phenol, resorcinol and vinyl acetate.
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What are the growth prospects and trends in the wood adhesives and binders industry?
Wood adhesives and binders are lightweight, cost-effective, and resistant to microorganisms and temperature. Owing to these properties, they find applications across various industries, such as construction and infrastructure, where they are used to make furniture and engineered wood products, like cabinets, doors, and floorings. Apart from this, the governments of several nations are implementing strict regulations regarding the use of volatile organic chemicals (VOC) that are harmful to the environment. Along with this, the rising environmental awareness has encouraged the manufacturers to shift toward the production of bio-based or green and low VOC adhesives. This is expected to create a positive outlook for the market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Urea-Formaldehyde
- Melamine-Urea-Formaldehyde
- Phenol-Formaldehyde
- Isocyanates
- Soy-Based
- Others
Breakup by Application:
- Flooring Products
- Furniture and Subcomponents
- Windows and Doors
- Cabinets
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- Adhesives Research Inc.
- Ashland Global Specialty Chemicals Inc.
- Avery Dennison
- BASF
- Bostik (Arkema)
- Dow Chemical Company
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Huntsman Corporation
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