Wood Adhesives Market, By Product Type (Mechanical, Urea-formaldehyde & Melamine urea-formaldehyde, Phenol-formaldehyde, Epoxy, Polyurethane, Polyvinyl acetate, Others ), By Technology (Solvent-based, Water-based, Others ), By End User, By Geography

Description

The global wood adhesives market is expected to surpass US$ 20.84 Billion by the end of 2030 in terms of revenue, exhibiting a CAGR of 8.3% during the forecast period (2023 to 2030).

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 11.02 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	8.30%	2030 Value Projection:	US$ 20.84 Bn

Figure 1. Global Wood Adhesives Market by End User in 2022

Wood adhesive refers to an adhesive that assists in bonding pieces of wood together. They are commonly used in furniture, shipbuilding, and arts and crafts. Hide glue, epoxy, PVA glue, and polyurethane are some of the most commonly used wood adhesives. These adhesives are water resistant and designed to ensure that there are no gaps between wooden parts. Adhesives are becoming more popular as a substitute for traditional fasteners, which is driving market growth. They are lightweight and provide strong bonding and clean finishes. They are non-corrosive and contain anti-sealing qualities. The Asia Pacific region has the largest market for wood adhesives.

A solvent-based adhesive is a glue or adhesion agent that comes in the form of a liquid. Because they include an adhesive inside a more flexible or spreadable material, solvent-based adhesives are easier to apply. It helps users apply the adhesive with greater care, covering areas where hard glue would be impossible to cover. When solvent-based adhesives are introduced, the solvent evaporates, allowing the polymer solution to dry quickly. The glue becomes stronger as the solvent evaporates, until there is no more solvent in the solution and the adhesive reaches its maximum strength. As a result of these factors, the wood adhesives market is predicted to advance in the future.

Market Dynamics

Wood adhesive consumption in particleboard (PB) is estimated to grow at a significant rate during the forecast period. Particleboard is made by combining flakes and wood particles with glue and making thin sheets out of the sticky mixture. In Europe, particleboard is extremely popular. Because of its reduced cost, particleboard can be used to replace other materials, such as plywood. When compared to plywood, it is denser, less expensive, and more consistent. Over the forecast period, this is expected to have a favorable impact on product demand.
In the woodworking industry, soy-based adhesives have essentially replaced petrochemical-based adhesives. These adhesives are safe for the environment and increase the wood panel's overall performance.
The raw material or feedstock obtained from petroleum or crude oil for the manufacture of these adhesives is one of the primary challenges facing the global market for wood adhesives. As a result, price fluctuations have an impact on the cost of producing wood adhesives, which is a significant concern for the producers.

Key features of the study:

This report provides an in-depth analysis of the global wood adhesives market, and provides market size (US$ Billion and Kilotons) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global wood adhesives market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Henkel AG & Co. KGaA, Sika AG, The 3M Company, Arkema, HB Fuller, Bostik SA, Ashland Inc., Pidilite Industries Limited, Akzo Nobel NV, and Jubilant Industries Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global wood adhesives market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood adhesives market

Wood Adhesives Market Detailed Segmentation:

By Product Type:
- Urea-formaldehyde (UF) & Melamine urea-formaldehyde (MUF)
- Phenol-formaldehyde
- Epoxy
- Polyurethane
- Polyvinyl acetate (PVA)
- Others (Soy Based, etc.)
By Technology:
- Solvent-based
- Water-based
- Others (Solvent less, etc.)
By Substrate:
- Solid Wood
- Oriented Strand Boards
- Plywood
- Fiberboards
- Others (Particle Board, etc.)
By End User:
- Furniture
- Flooring
- Housing Components
- Doors & Windows
- Others
Market, By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Company Profiles
- Henkel AG & Co. KGaA
- Sika AG
- The 3M Company
- Arkema
- HB Fuller
- Bostik SA
- Ashland Inc.
- Pidilite Industries Limited
- Akzo Nobel NV
- Jubilant Industries Ltd.

Product Code: CMI5016

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Technology
- Market Snippet, By Substrate
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- PEST Analysis
- PORTER's Analysis
- New Product Approvals/Launches
- Promotion and Marketing Initiatives

4. Global Wood Adhesives Market -- Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Smart watches Market - COVID-19
Impact Analysis

5. Global Wood Adhesives Market, By Product Type, 2018-2030 (US$ Billion and KT)

Introduction
- Market Share Analysis, 2022
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
Urea-formaldehyde (UF) & Melamine urea-formaldehyde (MUF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Epoxy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Phenol-formaldehyde
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Polyurethane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Polyvinyl acetate (PVA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Others (Soy Based, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)

6. Global Wood Adhesives Market, By Technology, 2018 - 2030 (US$ Billion and KT)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
Solvent-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Water-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Others (Solvent less, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)

7. Global Wood Adhesives Market, By Substrate, 2023 - 2030 (US$ Billion and KT)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
Solid Wood
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Oriented Strand Boards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Plywood
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Fiberboards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Others (Particle Board, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)

8. Global Wood Adhesives Market, By End User, 2023 - 2030 (US$ Billion and KT)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
Furniture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Flooring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Housing Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Doors & Windows
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Billion and KT)

9. Global Wood Adhesives Market, By Region, 2023 - 2030 (US$ Billion and KT)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
North America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2023 - 2030
- Market Size and Forecast, By Product Type, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Technology, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Substrate, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By End User, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023- 2030 (US$ Bn and KT)
- Countries
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2023 - 2030
- Market Size and Forecast, By Product Type, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Technology, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Substrate, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By End User, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023- 2030 (US$ Bn and KT)
- Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2023 - 2030
- Market Size and Forecast, By Product Type, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Technology, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Substrate, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By End User, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023- 2030 (US$ Bn and KT)
- Countries
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2023 - 2030
- Market Size and Forecast, By Product Type, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Technology, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Substrate, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By End User, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023- 2030 (US$ Bn and KT)
- Countries
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2023 - 2030
- Market Size and Forecast, By Product Type, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Technology, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By Substrate, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, By End User, 2023- 2030, (US$ Bn and KT)
- Market Size and Forecast, and Y-o-Y Growth, By region, 2023- 2030 (US$ Bn and KT)
- Countries
South Africa
GCC Countries
Rest of Middle East & Africa

10. Competitive Landscape

Market Share Analysis
- Company Profiles
Sika AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
The 3M Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
Arkema
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
HB Fuller
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
Bostik SA
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
Ashland Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
Pidilite Industries Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
Akzo Nobel NV
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
Jubilant Industries Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans

11. Section

References
Research Methodology
About us and Sales Contact