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Wood Adhesives And Binders Market Growth Analysis, Trends & Forecast 2018-2024 by Outstanding Key Players Huntsman Corporation, Avery Dennison, Adhesives Research, Inc., The Dow Chemical Company, Bostik, 3M, Ashland, H.B. Fuller, Henkel, BASF
Wood Adhesives And Binders Market
Wood Adhesives And Binders Market share generated more than USD 14 billion in 2015 and is forecast to witness over 4% CAGR by 2024. according to a new research report Wood Adhesives And Binders Industry size is poised to exceed USD 21 billion by 2024.
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However, development of bio-based wood adhesives and binders market has formed new growth scenarios for the industry players. For instance, polyols are biologically derived from soybeans and are being effectively used across polyurethane adhesives formulation. Rising bio-based product acceptance on account of its parallel characteristics laterally with cost and environmental benefits will substantially drive the global market over the forecast timeframe.
Chapter 3 Wood Adhesives And Binders Industry Insights
3.1 Industry segmentation
3.2 Industry size, forecast and growth expectations, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1. Vendor Matrix
3.3.2. Distribution channel analysis
3.4 Wood adhesives and binders industry impact forces
3.4.1. Growth drivers
3.4.1.1. Robust growth in the construction industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Oscillating crude oil prices
3.4.2.2. Stringent environment regulations
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 Company market share analysis, 2015
3.7.1. Strategic landscape
3.8 PESTEL analysis
3.9 Regional price trends
3.9.1. Cost structure analysis
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
Global Wood Adhesives And Binders Application Analysis
• Cabinets
• Flooring & plywood
• Furniture & subcomponents
• Windows & doors
• 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.
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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.
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
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.
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
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.
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.
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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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
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