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Wood Adhesives Global Market By Product Type, By Resin Type, By Technology, By Application, By Substrate, By End User, By Regional Forecast 2023-2032 | Sika AG, The Dow Chemical Company, AkzoNobel N.V., Bostik, Pidilite Industries
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Wood Adhesives Market Size, Growth Rate, And Forecast
The global wood adhesives market size grew from $4.81 billion in 2022 to $5.16 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wood adhesives market size is expected to grow to $6.48 billion in 2027 at a CAGR of 5.9%.
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Wood Adhesives Market Drivers
The significant increase in spending of consumers on home decorative and luxury furniture products is expected to drive the growth of the wood adhesives market going forward.
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Wood Adhesives Market Segments
• By Product: Urea-formaldehyde, Melamine urea-formaldehyde, Phenol-formaldehyde, Isocyanates, Polyurethane, Polyvinyl acetate, Soy-based, Other Products
• By Technology: Solvent-Based, Water-Based, and Other Technologies
• By Resin Type: Natural, Synthetic
• By Application: Flooring and Decks, Plywood, Furniture, Cabinets, Windows and Doors, and Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Wood Adhesives market.
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Wood Adhesives Market Key Players
Major competitors in the Wood Adhesives market include Henkel AG & Co., H.B. Fuller, 3M, Sika AG, The Dow Chemical Company, AkzoNobel N.V., Bostik, Pidilite Industries, Huntsman Corporation, Arkema, Jubilant Industries, Aica Kogyo Company Limited, Avery Dennison, Adhesives Research Inc., and W.F. Taylor.
The Business Research Company's "Global Wood Adhesives Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Wood Adhesives Market Include:
1. Executive Summary
2. Wood Adhesives Market Characteristics
3. Wood Adhesives Market Trends And Strategies
4. Wood Adhesives Market - Macro Economic Scenario
5. Wood Adhesives Market Size And Growth
.....
26. Africa Wood Adhesives Market
27. Wood Adhesives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Adhesives Market
29. Wood Adhesives Market Future Outlook and Potential Analysis
30. Appendix
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