Press release
Wood Glue Market Set To Witness High Growth During 2021-2031, Research By Fact.MR
According to latest research by Fact.MR, wood glue market is set to witness high growth during 2021-2031.Demand for wood glue will witness huge growth in coming forecasted period (2021 – 2031). Globally growing engineered wood based panel production triggering the wood glue market.
What is Driving Demand for Wood Glue?
Infrastructure development in developing countries, due to the rapidly growing urbanization has escalated the construction industry.
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Continuous increase in disposable income has shown significant rise on consumer spending in home decor and luxury furniture products, which is one of the key factors driving the demand for wood glue.
Asia Pacific Leads the Global Wood Glue Sales
Asia Pacific is the largest market for wood glue. Asia Pacific holds more than 50% share of global wood glue market.
The demand in Asia Pacific is expected to grow at rapid pace in forecasted period (2021 – 2031), as number of activities will be increasing in end use industry.
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Key Segments
Based on Product Outlook, Wood Glue Market is segmented into:
Urea-formaldehyde (UF)
Melamine urea-formaldehyde (MUF)
Phenol-formaldehyde (PF)
Isocyanates
Polyurethane
Polyvinyl acetate (PVA)
Soy-based
Others
Based on Application Outlook, Wood Glue Market is segmented into:
Flooring
Furniture
Doors & windows
Housing components
Others
Based on Substrate Outlook, Wood Glue Market is segmented into:
Solid wood
Oriented strand board (OSB)
Plywood
Particleboard (PB)
Medium-density fiberboard (MDF)
High-density fiberboard (HDF)
Others
Based on Resin Type, Wood Glue Market is segmented into:
Natural
Synthetic
Based on Technology Type, Wood Glue Market is segmented into:
Solvent-based
Water-based
Other Technologies
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Europe Demand Outlook for Wood Glue
Europe is the second biggest market for wood glue followed by North America. Europe has seen sudden increase in using of re-used wood and fabrics in order to reduce the energy output and optimize energy consumption.
This is because re-used wood and fabric requires more amount of wood glue to stick due to which is becomes one of the prominent factors driving the wood glue consumption in Europe.
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Who are the Key Manufacturers and Suppliers of Wood Glue?
Some of the leading manufacturers and suppliers of wood glue include
HB Fuller
Henkel AG & Co.
KGaA
Bostik SA
3M
ika AG
Pidilite Industries Ltd
Jubilant Industries
BASF SE, Akzonobel N.V.
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Wood Glue Market Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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