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Timber Laminating Adhesives Market worth $1,331 million by 2028 | Key players Atlas Henkel Ag (Germany), H.B. fuller (US), Arkema (France), Sika Ag (Switzerland), Dow Inc, (US).

05-27-2024 08:51 AM CET | Chemicals & Materials

Press release from: MarketsandMarkets

Timber Laminating Adhesives Market, Timber Laminating Adhesives, Laminating Adhesives Market, Adhesives Market

Timber Laminating Adhesives Market, Timber Laminating Adhesives, Laminating Adhesives Market, Adhesives Market

According to recent market research the "Timber Laminating Adhesives Market by Resin type (MF, PRF, PU, EPI), Application (Floor Beams, Roof Beams, Window & Door Headers, Trusses & Supporting Columns), End - use (Residential, Non-residential) and Region - Global Forecast to 2028", exhibits high growth potential and is projected to reach a market size of USD 1,331 million by 2028 from USD 957 million in 2023, at a CAGR of 6.8%. Europe is the one of the largest markets for timber laminating adhesives. The demand for timber laminating adhesives is increasing in the floor beam, roof beam, window & door header, and trusses & supporting column. The demand from developing nations, such as China, India, Brazil, and Argentina are expected to drive the global timber laminating adhesives market.

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Floor beam application accounts largest share of timber laminating adhesives market in terms of both value and volume in 2023. Timber laminating adhesives facilitate the creation of strong and lightweight floor beams that can support significant loads while offering design flexibility. This aspect is particularly appealing in various construction projects, including residential, commercial, and industrial buildings, where optimized structural performance and reduced construction weight are essential.

Advancements in adhesive technologies have played a significant role in driving the adoption of timber laminating adhesives for floor beam applications. Modern adhesives offer superior bonding strength, durability, and resistance to environmental factors, ensuring the long-term stability and safety of engineered timber floor beams. These innovations have bolstered the confidence of architects, engineers, and builders in using timber laminating adhesives in critical load-bearing applications.

Residential end-use industry holds the largest share in terms of both value and volume in overall timber laminating adhesives market. The increasing emphasis on sustainable building practices is driving the demand for timber laminating adhesives in residential construction. Homeowners and construction professionals share a common interest in finding environmentally conscious options, and timber laminating adhesives offer a solution by enabling the production of engineered wood items. This helps decrease reliance on conventional materials that have greater carbon emissions. Timber laminating adhesives also contribute to efficient construction practices. Engineered wood components are prefabricated, allowing for quicker assembly, and reduced on-site construction time. This can lead to cost savings and minimized disruption to homeowners during the construction process.

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The rapid urbanization and industrialization occurring across various countries in Asia-Pacific. As economies flourish and urban populations surge, there is an escalating demand for efficient construction solutions to accommodate this growth. Timber laminating adhesives offer a compelling alternative, as they enable the construction of durable and aesthetically pleasing structures while optimizing resources and construction time. The Asia-Pacific region's rapid urbanization, cultural affinity for timber, sustainability considerations, and the expanding middle class are all contributing to its position as the fastest-growing market for timber laminating adhesives. As these factors continue to converge, the demand for timber-based construction solutions in the region is expected to remain robust.

Henkel Ag (Germany), H.B. fuller (US), Arkema (France), Sika Ag (Switzerland), Dow Inc, (US), Ashland Inc. (US), are the key players in the global timber laminating adhesives market.
Beardow Adams (UK), Bison International BV (Netherlands), Mapei SPA (Italy), Cattie Adhesives (US), Follmann GMBH & CO. KG (Germany) are some of the startups in the global timber laminating adhesives market.

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H.B. Fuller: H.B. Fuller Company is a global leader in adhesive solutions, catering to a wide range of industries including construction, packaging, automotive, hygiene, and electronics. With its headquarters in St. Paul, Minnesota, USA. H.B. Fuller is renowned for its innovative and sustainable adhesive technologies that address complex bonding challenges across various applications. The company's adhesive solutions encompass a diverse portfolio, including products for structural bonding, laminating, sealing, and more. H.B. Fuller, a manufacturer of adhesives, sealants, and other specialty chemical products, operated in more than 40 countries around the world. The company has a global presence with a wide range of products serving various industries, including packaging, hygiene, construction, automotive, and more.

In June 2020, H.B. Fuller announced the opening of a new business office in Johannesburg, South Africa, and a network spanning three warehouses across the country to support its ambitious growth plans in the region. The new H.B. Fuller entity will offer customers local adhesive expertise and a globally connected team with deep industry knowledge spanning the 28 market segments served by the company.
Henkel Ag: Henkel AG & Co. KGaA is a multinational conglomerate with a diverse portfolio of products and services, specializing in three main business areas: Adhesive Technologies, Beauty Care, and Laundry & Home Care. Headquartered in Düsseldorf, Germany, Henkel operates globally and has a rich history dating back to its founding in 1876. The company operates in more than 120 countries around the world. The company has a widespread global presence, with its products and services being available in various regions and markets.

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