Timber Laminating Adhesives Market by Resin Type, Application, End-use Industry

Description

List of Tables

[194 Pages Report] The Timber Laminating Adhesives Market size was estimated at USD 977.54 million in 2023 and expected to reach USD 1,071.07 million in 2024, at a CAGR 9.71% to reach USD 1,870.63 million by 2030.

The timber laminating adhesives market encompasses a variety of adhesive products designed specifically for bonding layers of timber together to form a composite material. These adhesives are essential in manufacturing laminated timber products, which are widely used in structural applications and decorative finishes. The scope of this market covers various types of adhesives, including polyurethane, epoxy, and aliphatic resins, catering to different requirements of strength, durability, and environmental resistance. Timber laminating adhesives find applications in multiple domains, such as construction, furniture manufacturing, flooring, and joinery. In the construction industry, they are used in producing engineered wood products such as glued laminated timber and cross-laminated timber, offering enhanced performance in terms of strength and stability compared to traditional solid timber. The furniture sector utilizes these adhesives for creating durable and aesthetic products. Flooring solutions employ timber laminating adhesives due to their capacity to withstand constant wear and tear, maintaining the integrity of the laminate floors. The timber laminating adhesives market is expanding primarily due to the increasing number of renovation and remodeling activities in the residential sector and growing construction activities and infrastructural developments. The push towards green building standards and the superior performance of laminated timber products in strength and durability play a significant role. Technological advancements in adhesive formulations, enhancing the environmental profile and bonding efficiency, further bolster market growth. However, the market faces certain challenges, including volatility in raw material prices and health and environmental concerns associated with timber laminating adhesives. The competition from metal and plastic alternatives in certain applications also adds to the market's complexities. On the other hand, rising demand for eco-friendly and green furniture, expanding benefits of bio-based and sustainable timber laminating adhesives, and innovations focusing on reducing the environmental impact of adhesives and improving their recyclability and biodegradability present substantial opportunities for the timber laminating adhesives market.

KEY MARKET STATISTICS
Base Year [2023]	USD 977.54 million
Estimated Year [2024]	USD 1,071.07 million
Forecast Year [2030]	USD 1,870.63 million
CAGR (%)	9.71%

Resin Type: Increasing preference for Melamine (Urea) Formaldehyde Adhesives (MF & MUF) for excellent bonding strength

Emulsion Polymer Isocyanate (EPI) adhesives are a combination of emulsion polymer and isocyanate, offering excellent waterproof properties. They are commonly used in woodworking for indoor and outdoor applications due to their strong bond strength and durability. EPI adhesives are especially suited for environments that experience frequent moisture exposure. Melamine (Urea) Formaldehyde Adhesives (MF & MUF) adhesives are known for their high resistance to heat and chemicals, making them ideal for high-demand applications such as kitchen countertops and commercial furniture. These adhesives offer excellent bonding strength but raise some concerns due to formaldehyde emissions during curing. Phenol Resorcinol Formaldehyde (PRF) adhesives are known for their exceptional durability and resistance to moisture, temperature, and chemicals. Their use spans across marine, aircraft, and structural applications in the construction industry. Polyurethane adhesives are versatile for various bonding applications, offering excellent flexibility, impact resistance, and bond strength. These adhesives are suitable for interior and exterior applications, adhering well to various substrates. When comparing these adhesive types, it's crucial to consider specific application requirements such as environmental exposure, bond strength, and emissions-related safety concerns. EPI adhesives stand out for moisture resistance, making them ideal for outdoor applications. MF & MUF adhesives offer high heat and chemical resistance, suitable for high-wear interior applications but with considerations for formaldehyde exposure. PRF adhesives provide unparalleled durability and environmental resistance, serving high-strength needs in construction and marine applications. Polyurethane offers a balanced solution with flexibility and strong adhesion capabilities for various uses.

Application: Expanding the application of timber laminating adhesives in floor beams for moisture resistance

Floor beams require adhesives that withstand significant weight and pressure over long periods. Durability and resistance to moisture are crucial considerations, as these beams are foundational structural elements. For roof beams, adhesives that offer high strength and withstand various weather conditions are preferred. These adhesives should also allow for some flexibility due to temperature variations. Trusses and supporting columns demand adhesives that offer structural integrity and have excellent bonding strength. These components are critical for the overall stability of buildings, requiring adhesives that cure quickly and efficiently. Adhesives used in window and door headers need to ensure a high degree of precision and aesthetic quality, in addition to structural strength. The adhesives should not compromise the finish or appearance. Compared to other applications, the need for moisture resistance and load-bearing capacity is higher in floor beams.

Regional Insights

The North American region exhibits a robust demand for timber laminating adhesives, primarily driven by the United States and Canada. The United States is a significant country with numerous companies investing in the development of advanced adhesive technologies, focusing on sustainable and green adhesive solutions. Canada, with its vast forestry resources, focuses on eco-friendly adhesive solutions. Research initiatives aim to exploit local resources sustainably while ensuring the high performance of the adhesives in extreme weather conditions. In South America, Brazil and Argentina are the key contributors to the expansion of timber laminating adhesives, where the demand is closely linked to the construction and furniture industries. EU Countries are at the forefront of environmental regulations, which has led to significant research and development in bio-based and eco-friendly timber laminating adhesives. Countries, including Germany, the UK, and France, show a keen interest in adopting eco-friendly adhesives, pushing manufacturers to innovate. The market is further driven by the region's well-established woodworking and furniture industries, alongside an uptrend in green building practices. The Middle East exhibits growing construction activities, especially in the UAE and Saudi Arabia, propelling the demand for high-quality timber laminating adhesives. Africa, with a nascent but growing construction sector, particularly in regions such as South Africa and Nigeria, shows potential for the market. The APAC region is experiencing robust growth in the timber laminating adhesives market, primarily driven by the economic powerhouses of China and India, followed by Japan. China is at the forefront, investing heavily in research and development activities, which are largely state-supported. India shows a growing demand for timber laminating adhesives spurred by the surging furniture and construction sectors. Japan, known for its technological advancements, has introduced several innovations in timber laminating adhesives, including high-strength and weather-resistant adhesives, appealing to local and international markets.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Timber Laminating Adhesives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Timber Laminating Adhesives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Timber Laminating Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Akzo Nobel N.V., Apollo Chemicals Ltd., Arkema S.A., Astral Adhesives, Beardow Adams Limited by H.B. Fuller Company, Bison International B.V., Britannia Adhesives Ltd., Cattie Adhesives, Collano AG, DAP Products, Inc., Follmann GmbH & Co. KG, Franklin International, Henkel AG & Co. KGaA, Hexion Inc., Jowat SE, Jubilant Industries Ltd., Mapei S.p.A., Mayfair Biotech Pvt. Ltd., Pidilite Industries Ltd., Sika AG, Stauf USA, LLC, and The Dow Chemical Company.

Market Segmentation & Coverage

This research report categorizes the Timber Laminating Adhesives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin Type
- Emulsion Polymer Isocyanate (EPI) Adhesives
- Melamine (Urea) Formaldehyde Adhesives (MF & MUF)
- Phenol Resorcinol Formaldehyde (PRF) Adhesives
- Polyurethane

Application
- Floor Beams
- Roof Beams
- Trusses & Supporting Columns
- Window & Door Headers

End-use Industry
- Non-residential
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Timber Laminating Adhesives Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Timber Laminating Adhesives Market?

3. What are the technology trends and regulatory frameworks in the Timber Laminating Adhesives Market?

4. What is the market share of the leading vendors in the Timber Laminating Adhesives Market?

5. Which modes and strategic moves are suitable for entering the Timber Laminating Adhesives Market?

Product Code: MRR-2022E11258FD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Number of Renovation and Remodeling Activities in the Residential Sector
  - 5.1.1.2. Growing Construction Activities and Infrastructural Developments
- 5.1.2. Restraints
  - 5.1.2.1. Volatility in Raw Material Prices
- 5.1.3. Opportunities
  - 5.1.3.1. Rising Demand for Eco-Friendly and Green Furniture
  - 5.1.3.2. Expanding Benefits of Bio-Based and Sustainable Timber Laminating Adhesives
- 5.1.4. Challenges
  - 5.1.4.1. Health Issues and Environmental Concerns Associated with Timber Laminating Adhesives
5.2. Market Segmentation Analysis
- 5.2.1. Resin Type: Increasing preference for Melamine (Urea) Formaldehyde Adhesives (MF & MUF) for excellent bonding strength
- 5.2.2. Application: Expanding the application of timber laminating adhesives in floor beams for moisture resistance
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Timber Laminating Adhesives Market, by Resin Type

6.1. Introduction
6.2. Emulsion Polymer Isocyanate (EPI) Adhesives
6.3. Melamine (Urea) Formaldehyde Adhesives (MF & MUF)
6.4. Phenol Resorcinol Formaldehyde (PRF) Adhesives
6.5. Polyurethane

7. Timber Laminating Adhesives Market, by Application

7.1. Introduction
7.2. Floor Beams
7.3. Roof Beams
7.4. Trusses & Supporting Columns
7.5. Window & Door Headers

8. Timber Laminating Adhesives Market, by End-use Industry

8.1. Introduction
8.2. Non-residential
8.3. Residential

9. Americas Timber Laminating Adhesives Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Timber Laminating Adhesives Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Timber Laminating Adhesives Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. SLU will lead a major investment in the development of bio-based adhesives
- 12.3.2. Henkel presents future-ready, sustainable solutions for the furniture industry at LIGNA 2023

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio