Wood Adhesives Market | Key players operating in the market include Henkel AG, Sika AG, The 3M Company, Arkema

According to recent market research "Wood Adhesives Market by Resin Type (Natural & Synthetic), Technology (Solvent-based, Water-based, Solventless), Application (Flooring & Deck, Plywood, Furniture, Cabinet, Particle Board, Window & Door) - Global Forecast to 2026", The wood adhesives market exhibits high growth potential and is projected to reach a market size of USD 4.9 billion by 2026 from USD 4.1 billion in 2021, at a CAGR of 3.4 %. The market growth is being led by the increasing demand of adhesives in place of traditional fasteners. They provide strong bonds, clean finishes and are lightweight. They do not rust and have sealant properties. The growing demand in the packaging industry specially in furniture and cabinet. APAC region is the largest market for wood adhesives. The major concern is regarding the environmental and health impact of synthetic resin adhesives.

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Natural resin adhesives are gaining popularity due to the global trend of sustainable development and the continuous advancements in the field. The growth was halted due to the global pandemic, which caused the market to shut down and disrupted the supply chain. The shutdown caused the sales to go lower than in the pre-pandemic period.

Furniture is one of the two market segments with the highest CAGR. The use of wood adhesives on wooden products increases their durability and gives good adhesion to the wooden substrate. Wood adhesives are extensively used in the manufacturing of furniture as they provide a strong bond and aesthetic appeal to the furnishing item. The growth of the wooden furniture industry will drive the wood adhesives market as they are directly related to each other.

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The wood adhesives market exhibits high growth potential and is projected to reach a market size of USD 4.9 billion by 2026 from USD 4.1 billion in 2021, at a CAGR of 3.4 %. The market growth is being led by the increasing demand of adhesives in place of traditional fasteners. They provide strong bonds, clean finishes and are lightweight. They do not rust and have sealant properties. The growing demand in the packaging industry specially in furniture and cabinet. APAC region is the largest market for wood adhesives. The major concern is regarding the environmental and health impact of synthetic resin adhesives.

These players primarily focus on innovation and new service and technology launches, as well as on acquiring leading market positions by offering broad portfolios catering to varied geographies and diverse end-use segments.

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Henkel is among the leading companies. The company operates globally with a well-balanced and diversified portfolio. It caters to both industrial and consumer markets in all three sectors. Henkel Adhesive Technologies deals in adhesives, sealants, and functional coatings. Henkel has a diversified portfolio for industrial, consumers and craftsmen. PURBOND and DORUS offer wood adhesives under the adhesive technologies segment. Henkel has operations in Europe, the Middle East & Africa, North America, Latin America, and APAC. It operates 138 production sites in 58 countries globally.

3M operates in four business segments: safety & industrial, transportation & electronics, healthcare, and consumer. In these segments, 3M offers a variety of products including adhesives, bonding materials, coatings, and specialty materials. The company produces a variety of adhesives for all its business segments. It manufactures wood adhesives for varied applications through its industrial and consumer segments.

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