Wood Adhesives And Binders Market Growth Potential, Competitive Market Share & Forecast
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The rising urban population, accustomed to a lavish lifestyle, will spend heavily on renovating homes and offices, in response to which global wood adhesives and binders market will observe significant growth.
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Window & doors, cabinets, furniture & subcomponents, and flooring & plywood are the main application areas of wood adhesives and binders market. Furniture & subcomponents application segment, having had a revenue of USD 4 billion in 2015, will exhibit a significant growth rate over the years ahead, owing to its surging demand as a result of increase in spending by the customers across the globe. Moreover, escalating non-residential furniture work like desks manufacturing will fuel the demand for wood adhesives and binders significantly.
Growing investment in flooring industry will lead to a considerable revenue generation in flooring & plywood application segment, which will register a CAGR of more than 5% over the coming years of 2016 to 2024. Additionally, surging product requirement across the residential and commercial sectors will also influence wood adhesives and binders industry growth.
The Wood Adhesives And Binders Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Wood Adhesives And Binders Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Wood Adhesives And Binders Product Insights
5. Wood Adhesives And Binders Application Insights
6. Wood Adhesives And Binders Regional Insights
7. Competitor Profiles
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U.S. contributed to a major share of North America wood adhesives and binders industry in 2015 and will cross an annual growth rate of 4.5% over the period of 2016 to 2024. Rising renovation and restoration activities in the region pertaining the changing consumer preferences toward a luxurious lifestyle will augment the market growth.
The notable players in wood adhesives and binders market are Ashland Inc., 3M Company, H.B Fuller Company, Huntsman Corporation, BASF SE, Dow Chemical Company, and Avery Dennison Corporation.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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