Published on : Jul 31, 2017
Albany, New York, July 31, 2017: According to a recent study, the wood adhesives market is experiencing productive growth, and one of the primary growth factors booming this market is growth in furniture manufacturing. To explore the market current scenario, a study titled “Global Wood Adhesives Market 2017-2021” has been added to the mega-repository of Market Research Hub (MRH). It offers a detailed analysis of the development status of the market in the forecast of 2016 to 2022. The report further comprises an inclusive market and vendor landscape in addition to a SWOT analysis of the key players.
Wood adhesives are basically water-based products and have polyvinyl acetate as one of their primary ingredients. These cementing agents are used for furniture making, cabinetry and other similar jobs where creating a sturdy and permanent bond between two pieces of wood is important. Wood adhesives are mainly based on urea-formaldehyde, melamine-urea-formaldehyde, phenol-formaldehyde and isocyanate resins.
Initially, the report states about the whole market outlook and its scope to identify the market size and its growth in future. The report studies the global wood adhesives market across four key regions: Asia Pacific, Europe, North America, and Rest of the World. The report takes into account the various micro- and macro-economic factors impacting the growth of the market in these regions. As per the study, China and India are major markets for wood adhesives in the Asia Pacific region, the demand for wood adhesives is increasing in China due to an increase in production of wood composites. Due to this, APAC will be the major revenue contributor to the wood adhesives market by 2021.
The report projects that the global wood adhesives market to grow at a CAGR of 3.73% during the period 2017-2021. Adhesive bonding offers many advantages over other joining methods for wood components, and there has been a great deal of R&D activity in developing new wood adhesives. One of the latest trends that will gain traction in the wood adhesives market in the coming years is the increasing demand for bio-based wood adhesives. Bio-based wood adhesives are derived from natural products which include starch, plant proteins, and other materials that are readily biodegradable, less toxic and easy to handle.
Further, the report presents an overview on market segmentation. The wood adhesives market is segmented by type and end user/application. Major applications are Flooring and plywood; Furniture and sub components; Cabinets; Windows and doors. The research also analyzes that the demand for kids furniture is also growing which is a major market trend.
Describing the competitive landscape, the report profiles some of the key players in the global wood adhesives market such as AkzoNobel, H.B. Fuller, Ashland, Henkel and The Dow Chemical Company. Other prominent vendors are 3M company, Avery Dennison, Huntsman, Sika, BASF, Adhesives Research, Pidilite Industries.
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