Wood Adhesives and Binders - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Wood Adhesives and Binders Market is accounted for $16.38 billion in 2019 and is expected to reach $26.10 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Some of the key factors propelling the growth of the market are growing construction sector and the widespread infrastructure activities. However, fluctuation in the prices of raw material is the restraining factor for the growth of the market.
Wood adhesives and binders are the substances which are employed for holding together two wood surfaces or another element. They are available in both synthetic and natural varieties. The excellent and long-lasting bond with temperature resistance and chemical durability are offered by both binders and wood adhesives.
By type, the urea-formaldehyde (UF) segment is expected to grow at a significant market share during the forecast period owing to its high bond strength and comparatively low prices. Based on geography, North America is anticipated to hold considerable market share during the forecast period which is attributed to the increasing interior remodelling activities due to the rising disposable income of consumers in the region.
Some of the key players in Wood Adhesives and Binders Market include Ashland Inc., Huntsman Corporation, Ecosynthetix, Dow Chemical Company, Bostik SA, H.B Fuller Company, Adhesives Research Inc., 3M Company, Henkel AG & Co. KGaA, Avery Dennison Corporation, and BASF SE.
• Urea-Formaldehyde (UF)
• Phenol-Formaldehyde (PF)
• Melamine-Urea-Formaldehyde (MUF)
• Benzene & Toluene
• Other Types
• Windows & Doors
• Particle Board
• Furniture & Subcomponents
• Flooring & Plywood
• Other Applications
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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