Press release
Wood Adhesives And Binders Market to witness over 4% CAGR by 2024.
"Wood Adhesives and Binders Market is forecast to reach USD 21 billion according to this new research report.”
Fluctuating petrochemical product prices from which wood adhesives and binders are produced, such as polyolefins, vinyl acetate, acrylates, phenols, etc., are potential hurdles in wood adhesives and binders market growth over the next few years. Moreover, VOC emission during industrial product and commercial applications cause health and environmental hazards. Hence, governments across the globe, have stringent regulations and norms for environment protect and use of products/chemicals that emit VOCs.
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Rising popularity in bio-based wood adhesives and binders has opened new growth avenues for industry share contributors. For instance, polyols derived from soybean, can be used for polyurethane adhesives production. Bio-based wood adhesives and binders also offer cost and environmental benefits, which shall fuel product demand over the next few years.
In 2016, urea-formaldehyde segment was valued more than USD 3 billion. Its growing demand can be attributed to relatively low prices and superior bond strength. Phenol-formaldehyde segment of global wood adhesives and binders market shall expand at CAGR around 4% during the forecast timeframe owing to the numerous benefits offered such as minimum surface energy, superior performance in moist condition and chemical attack resistance. It is extensively used for medium density fiberboard and particle board manufacturing.
Flooring & plywood segment of wood adhesives and binders market is likely to witness gains close to CAGR 5%. This segment includes softwood and hardwood plywood applications. Booming construction & flooring industry will fuel product demand in the coming years. In 2016, overall wood adhesives and binders market for furniture & subcomponents application segment generated revenue close to USD 4 billon. Rising per capita income of consumers has fueled furniture demand considerably across the globe. Additionally, rising number of commercial projects is anticipated to influence furniture demand due to procurement of desks, chairs and several other furniture in bulk quantities.
Browse key industry insights from the report, “wood adhesives and binders market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/wood-adhesives-and-binders-market
North America, shall witness gains close to 4% CAGR during the forecast period. The product demand in this region will be primarily driven by increasing interior renovation activities in U.S on account of lavish consumer lifestyle. Asia Pacific, led by India, Japan and China, was worth more than USD 3 billion in 2016. The major factor responsible for driving the product demand in future is the rapidly growing construction industry. In addition, increased consumer spending has augmented wood furniture demand in this region, which will positively impact the wood adhesives and binders market over the forecast duration.
In 2016, wood adhesives and binders market was consolidated with key companies holding more than 40% share of the industry market. Major industry players are H.B. Fuller, Henkel AG, BASF SE, 3M Company and Huntsman Corporation. Other notable companies are Avery Dennison, Bostik SA, Dow Chemical and Ashland Inc.
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Wood Adhesives and Binders research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Wood Adhesives and Binders market by product
o Urea-formaldehyde (UF)
o Melamine-urea-formaldehyde (MUF)
o Phenol-formaldehyde (PF)
o Isocyanates (MDI, TDI, HDI)
o Soy-based
o Others
Wood Adhesives and Binders market by application
o Cabinets
o Flooring & plywood
o Furniture & subcomponents
o Windows & doors
o Others
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o Middle East & Africa
§ South Africa
§ GCC
Report Content
Chapter 6 Wood Adhesives And Binders Regional Insights
6.1 Wood adhesives and binders market share by region, 2015 & 2024
6.2 North America
6.2.1 North America market estimates and forecast, 2013 - 2024
6.2.2 North America market estimates by product, 2013 - 2024
6.2.3 North America market estimates by application, 2013 - 2024
6.2.4 U.S.
6.2.4.1 U.S market estimates and forecast, 2013 - 2024
6.2.4.2 U.S. market estimates by product, 2013 - 2024
6.2.4.3 U.S. market estimates by application, 2013 - 2024
6.2.5 Canada
6.2.5.1 Canada market estimates and forecast, 2013 - 2024
6.2.5.2 Canada market estimates by product, 2013 - 2024
6.2.5.3 Canada market estimates by application, 2013 - 2024
6.3 Europe
6.3.1 Europe market estimates and forecast, 2013 - 2024
6.3.2 Europe market estimates by product, 2013 - 2024
6.3.3 Europe market estimates by application, 2013 - 2024
6.3.4 Germany
6.3.4.1 Germany market estimates and forecast, 2013 - 2024
6.3.4.2 Germany market estimates by product, 2013 - 2024
6.3.4.3 Germany market estimates by application, 2013 - 2024
6.3.5 UK
6.3.5.1 UK market estimates and forecast, 2013 - 2024
6.3.5.2 UK market estimates by product, 2013 - 2024
6.3.5.3 UK market estimates by application, 2013 – 2024
6.3.6 France
6.3.6.1 France market estimates and forecast, 2013 - 2024
6.3.6.2 France market estimates by product, 2013 - 2024
6.3.6.3 France market estimates by application, 2013 - 2024
6.3.7 Spain
6.3.7.1 Spain market estimates and forecast, 2013 - 2024
6.3.7.2 Spain market estimates by product, 2013 - 2024
6.3.7.3 Spain market estimates by application, 2013 - 2024
6.3.8 Italy
6.3.8.1 Italy market estimates and forecast, 2013 - 2024
6.3.8.2 Italy market estimates by product, 2013 - 2024
6.3.8.3 Italy market estimates by application, 2013 - 2024
6.4 Asia Pacific
6.4.1 Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2 Asia Pacific market estimates by product, 2013 - 2024
6.4.3 Asia Pacific market estimates by application, 2013 - 2024
6.4.4 China
6.4.4.1 China market estimates and forecast, 2013 - 2024
6.4.4.2 China market estimates by product, 2013 - 2024
6.4.4.3 China market estimates by application, 2013 - 2024
6.4.5 India
6.4.5.1 India market estimates and forecast, 2013 - 2024
6.4.5.2 India market estimates by product, 2013 - 2024
6.4.5.3 India market estimates by application, 2013 - 2024
6.4.6 Japan
6.4.6.1 Japan market estimates and forecast, 2013 - 2024
6.4.6.2 Japan market estimates by product, 2013 - 2024
6.4.6.3 Japan market estimates by application, 2013 - 2024
6.4.7 Australia
6.4.7.1 Australia market estimates and forecast, 2013 - 2024
6.4.7.2 Australia market estimates by product, 2013 - 2024
6.4.7.3 Australia market estimates by application, 2013 – 2024
6.4.8 Indonesia
6.4.8.1 Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2 Indonesia market estimates by product, 2013 - 2024
6.4.8.3 Indonesia market estimates by application, 2013 – 2024
6.4.9 Malaysia
6.4.9.1 Malaysia market estimates and forecast, 2013 - 2024
6.4.9.2 Malaysia market estimates by product, 2013 - 2024
6.4.9.3 Malaysia market estimates by application, 2013 - 2024
6.5 Latin America (LATAM)
6.5.1 Latin America market estimates and forecast, 2013 - 2024
6.5.2 Latin America market estimates by product, 2013 - 2024
6.5.3 Latin America market estimates by application, 2013 - 2024
6.5.4 Brazil
6.5.4.1 Brazil market estimates and forecast, 2013 - 2024
6.5.4.2 Brazil market estimates by product, 2013 - 2024
6.5.4.3 Brazil market estimates by application, 2013 - 2024
6.5.5 Mexico
6.5.5.1 Mexico market estimates and forecast, 2013 - 2024
6.5.5.2 Mexico market estimates by product, 2013 - 2024
6.5.5.3 Mexico market estimates by application, 2013 - 2024
6.6 Middle East & Africa (MEA)
6.6.1 MEA market estimates and forecast, 2013 - 2024
6.6.2 MEA market estimates by product, 2013 - 2024
6.6.3 MEA market estimates by application, 2013 – 2024
6.6.4 South Africa
6.6.4.1 South Africa market estimates and forecast, 2013 - 2024
6.6.4.2 South Africa market estimates by product, 2013 - 2024
6.6.4.3 South Africa market estimates by application, 2013 - 2024
6.6.5 GCC
6.6.5.1 GCC market estimates and forecast, 2013 - 2024
6.6.5.2 GCC market estimates by product, 2013 - 2024
6.6.5.3 GCC market estimates by application, 2013 – 2024
Chapter 7 Company Profiles
7.1 3M Company
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.2 Ashland Inc.
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.3 H.B Fuller Company
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.4 Henkel AG & Co. KGaA
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.5 BASF SE
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.6 Huntsman Corporation
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.7 Avery Dennison Corporation
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.8 Adhesives Research Inc.
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.9 Dow Chemical Company
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.10 Bostik SA
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/wood-adhesives-and-binders-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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