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Wood Adhesives And Binders Market Insights, Future Growth ($21bn) Report By Key Players 2024 | 3M, Ashland, H.B. Fuller, Henkel, BASF, Huntsman Corporation, Avery Dennison, Adhesives Research, Inc., The Dow Chemical Company, Bostik
U.S Wood Adhesives And Binders Market size, by application, 2015 & 2024 (USD Million)
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Wood adhesives and binders market size is negatively influenced by stringent environment protocols towards VOC emissions, as they possess severe health and environmental threats. Regulating bodies including the EPA and REACH formulates and directs norms, followed by penalties and losses in case of any breach, owing to restrict profit margins for the industry participants.
Wood Adhesives And Binders Market size is poised to exceed USD 21 billion by 2024; according to a new research report by Global Market Insights, Inc. The global wood adhesives and binders market is primarily driven by positive construction spending trends, finding uses across flooring, cabinets, doors & windows, structural panels and plywood applications.
In 2013, the global construction business was approximately USD 7 trillion, while being poised to surpass USD 13 trillion over the projected timeframe owing to positively influence the industry growth. Additionally, rapid industrialization and urbanization in BRIC countries accompanied with new commercial and residential construction ventures will fuel the industry expansion.
Global Wood Adhesives And Binders Product Analysis
• Urea-formaldede (UF)
• Melamine-urea-formaldehyde (MUF)
• Phenol-formaldehyde (PF)
• Isocyanates (MDI, TDI, HDI)
• Soy-based
• Others
Isocyanates, urea, phenols, acrylates, vinyl acetate, styrene butadiene, polyolefins and polyurethanes are the basic raw materials used, fluctuating crude oil price trends may subsequently hamper industry growth. In January 2009, crude oil prices in Dubai were close to USD 35/barrel and was roughly around USD 90/barrel in July 2014.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3M
2. Ashland
3. H.B. Fuller
4. Henkel
5. BASF
6. Huntsman Corporation
7. Avery Dennison
8. Adhesives Research, Inc.
9. The Dow Chemical Company
10. Bostik
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In 2015, urea-formaldehyde industry share was roughly over USD 3 billion. The product experienced high demand with superior bond strength and economic benefits. It is extensively used in structural and non-structural applications including plywood & flooring, doors & windows, cabinets and furniture. Such widespread product applications will positively influence the growth.
Phenol-formaldehyde will witness gains at over 4% CAGR by 2024. It offers value added benefits such as superior performance even at damp conditions, chemical resistance and low surface energy.
Global Wood Adhesives And Binders Application Analysis
• Cabinets
• Flooring & plywood
• Furniture & subcomponents
• Windows & doors
• Others
In 2015, the global wood adhesives and binders market for furniture & subcomponents applications was valued at over USD 4 billion. Rising consumer spending power has substantially increased the furniture demand. This trend will consequently boost the overall business growth by 2024.
Browse key industry insights spread across 128 pages with 153 market data tables & 12 figures & charts 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, mainly led by the U.S. is likely to grow at over 4.5%. Increasing renovation practices in the U.S. has significantly propelled wood demand owing to drive regional industry over the projected timeframe. In 2015, Asia Pacific, majorly through China, generated revenue more than USD 3.5 billion. Elevating construction spending particularly in India, China and Japan is analyzed to be the key factor propelling the wood adhesives and binders market size by 2024.
In 2015, the wood adhesives and binders market size was consolidated with key industry participants contributing more than 40% of the overall industry share. Major share contributors are 3M, Ashland, Huntsman, BASF, Dow and Henkel.
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org
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