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Wood Adhesives And Binders Market grow at 4% CAGR from 2016-2024 | Growth Analysis Report by Top Key Players Huntsman Corporation, The Dow Chemical Company, Avery Dennison, Adhesives Research, Bostik, 3M, Ashland, H.B. Fuller, Henkel, BASF
Wood Adhesives And Binders Market
The introduction of bio-based wood adhesives and binders will create lucrative business opportunities for the industry players over the coming timeframe. Furthermore, swift industrialization in BRIC nations coupled with the rise in the number of commercial and residential construction activities will support the market expansion.
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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.
Growth drivers
• Robust growth in the construction industry
Global Wood Adhesives And Binders Product Analysis
• Urea-formaldede (UF)
• Melamine-urea-formaldehyde (MUF)
• Phenol-formaldehyde (PF)
• Isocyanates (MDI, TDI, HDI)
• Soy-based
• Others
Global Wood Adhesives And Binders Application Analysis
• Cabinets
• Flooring & plywood
• Furniture & subcomponents
• Windows & doors
• Others
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
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.
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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.
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.
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
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.
Browse Related Report:
Metal Bonding Adhesives Market : https://www.gminsights.com/industry-analysis/metal-bonding-adhesives-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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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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