Press release
Wood Adhesives Market : Recent Industry Developments And Growth Strategies Adopted By Players 3M Company, Ashland Inc., Sika A.G., The Dow Chemical Company
Wood Adhesives Market
Wood adhesives are substances that are used to hold two pieces of wood together. There are many different types of wood adhesives, each with its own advantages and disadvantages. The type of adhesive that is best for a particular application will depend on the properties of the wood, the environment in which the adhesive will be used, and the desired strength of the bond.
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Some of the most common types of wood adhesives include animal glue, casein glue, resin glue, and synthetic polymer adhesives. Animal glue is made from the collagen of animals, and it has been used for centuries to join wood. Casein glue is made from milk proteins, and it is a strong and waterproof adhesive. Resin glue is made from plant resins, and it is very strong and resistant to heat and moisture. Synthetic polymer adhesives are made from synthetic materials, and they are available in a variety of strengths and properties.
Key Trends
The key trends in the global wood adhesives market are rising consumer preference for plant-based adhesives and growing demand for bio-based adhesives. The plant-based adhesives are made from renewable and biodegradable sources such as soybeans and tapioca, which are easily available and economical. The bio-based adhesives are made from biomass and are environmentally friendly. They are also biodegradable and are non-toxic. The other trends include increase in construction and renovation activities, and rise in demand for engineered wood products.
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Key Drivers
The major factors driving the growth of the market include the growing construction industry, rising demand for wood-based furniture, and increasing preference for green and environment-friendly products. Furthermore, the development of new water-based and solvent-free adhesives is expected to provide a boost to the market growth.
The other key drivers of the wood adhesives market include the growing demand for green and environment-friendly products and the development of new water-based and solvent-free adhesives.
Restraints & Challenges
The key restraints and challenges in Wood Adhesives market are as follows:
Volatile raw material prices: The prices of raw materials used in wood adhesives, such as resins, are volatile and can fluctuate significantly. This can lead to higher costs for manufacturers and, ultimately, higher prices for consumers.
Competition from other materials: Wood adhesives face competition from other materials, such as metal fasteners, that can be used to join wood.
Market Segments
By Resin Type
Natural
Synthetic
Key Players
Henkel AG &Co. KGaA
H.B. Fuller
3M Company
Ashland Inc.
Sika A.G.
The Dow Chemical Company
AkzoNobel N.V.
Bostik SA
Pidilite Industries
Arkema
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Reasons to buy Wood Adhesives Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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