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Engineered Wood Adhesives Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Sika AG, and The Dow Chemical Co.

06-11-2024 06:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Engineered Wood Adhesives Market is Likely to Increase at

The global engineered wood adhesives market is anticipated to grow at a CAGR of 19.0% during the forecast period (2024-2031). The market growth is attributed to the growing preference towards engineered wood products in furniture, and buildings, like plywood, and particleboard with increased demand as these products' construction requires reliable adhesives globally. There are numerous applications for engineered wood adhesives. Wood adhesive products are used to bind wood fibers, strands, and particles to produce glued laminated timber construction materials that are robust and long-lasting. In addition to load-bearing wood applications, these materials are utilized for engineered wood laminate and structural supports such as engineered wood joists and trusses. For instance, in November 2023, Henkel introduced bio-based polyurethane (PUR) adhesives for load-bearing timber construction. Henkel Engineered Wood enabled a vital transformation with its innovative solutions - and initiated a further transformation in the industry by shifting from fossil-based to bio-based formulations.

The preferred option for the safe and environmentally friendly packaging of interior doors, engineered wood flooring, laminate boards, and furniture parts is bio-based hot melt adhesive. Owing to its exceptionally high certified renewable raw material content (over 50.0%), it aids processors in drastically lowering their consumption of fossil fuels. For instance, in April 2023, Jowat SE introduced the new PUR hot melt adhesive Jowatherm-Reaktant® GROW 657.40. It impresses with a formulation containing 20.0% bio-based raw materials, outstanding thermal stability in the melt, and many different applications. Jowatherm® GROW 853.22 is a bio-based hot melt adhesive and the product of choice for the secure and sustainable packaging of furniture components, interior doors, and engineered wood flooring or laminate boards.

The multipurpose polyurethane adhesive is the newest choice for construction and renovation, with unique features such as being one component and with the ability to adhere to rubber, concrete, artificial turf, luxury vinyl tile, and various types of woods including engineered wood. For instance, in July 2023, The Dow Thailand Group introduced new polyurethane flooring adhesive technology DIAMONDLOCK™to the Thailand market. The product is versatile for use with various flooring substrates, easy to cure and handle, flexible, non-flammable, user-friendly, and with non-detectable volatile organic compounds (VOCs).

To Request a Sample of our Report on Engineered Wood Adhesives Market:  https://www.omrglobal.com/request-sample/engineered-wood-adhesives-market

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Resin
By Product
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat SE, Sika AG, and The Dow Chemical Co., among others.

Engineered Wood Adhesives Market Report Segment

By Resin

Melamine Formaldehyde
Phenol Resorcinol Formaldehyde
Polyurethane
Others (Isocyanates, Polyvinyl Acetate (PVA))

By Product

Cross-laminated timber (CLT)
Glulam
Plywood
Oriented Strand Board (OSB)
Medium Density Fiberboard (MDF)
Laminated Veneer Lumber (LVL)

By Application

Flooring
Furniture
Doors & Windows
Housing Components

A full Report of Engineered Wood Adhesives Market is Available @  https://www.omrglobal.com/industry-reports/engineered-wood-adhesives-market

Engineered Wood Adhesives Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

3M Company
Akzo Nobel N.V.
Ashland Inc.
Avery Dennison Corp.
Beardow Adams 
Bostik Ltd.
Dymax Corporation
Franklin International
Hexion Inc.
Huntsman International LLC
Illinois Tool Works Inc.
M S International, Inc.
Momentive Performance Materials Inc.
Permabond Engineering Adhesives
Pidilite Industries Ltd.
Quin Global (UK) Ltd.
RPM International Inc.
Wacker Chemie AG

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/engineered-wood-adhesives-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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