Europe Wood Adhesives Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The Europe wood adhesives market is projected to grow significantly, reaching approximately US$ 2,270.56 million by 2031, up from US$ 1,507.34 million in 2023, reflecting a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2031.

Executive Summary and Market Analysis

The demand for wood adhesives in Europe is on the rise, primarily driven by a revival in the construction and real estate sectors. As urbanization accelerates, the need for residential, commercial, and infrastructure projects increases, leading to a higher demand for wood products. Wood adhesives play a crucial role in the manufacturing of engineered wood products such as plywood, particleboard, and laminated veneer lumber, which are widely utilized in contemporary construction due to their strength and adaptability.

Moreover, the growing emphasis on sustainability and environmental responsibility in Europe is further fueling market growth. European regulations and consumer preferences are increasingly leaning towards eco-friendly materials, resulting in a surge in demand for wood adhesives that are formulated to be environmentally sustainable, often derived from renewable resources. Manufacturers are responding to these trends by developing adhesives that comply with stringent environmental standards. For example, in January 2024, Durante Adesivi, a prominent producer of hot melt adhesives, entered into an agreement with the Belgian company Soudal to sell a majority stake in its operations.

Key players in the market, including Henkel, Arkema Group, and H.B. Fuller Company, are actively contributing to the growth of the wood adhesives sector. These companies are engaging in strategic initiatives such as mergers, acquisitions, collaborations, and product launches to meet the increasing demand for wood adhesives and expand their market presence. A notable collaboration occurred in February 2024, when Henkel partnered with Covestro to enhance the sustainability of engineered wood adhesives.

Market Segmentation Analysis

The Europe wood adhesives market can be segmented based on resin type, technology, and application.

Resin Type: The market is divided into natural and synthetic resins, with synthetic resins holding a larger market share in 2023.
Technology: The market is categorized into solvent-based, water-based, and other technologies, with water-based adhesives dominating the market in 2023.
Application: The applications of wood adhesives include furniture, plywood, flooring, doors and windows, among others, with the furniture segment accounting for the largest share in 2023.

Market Outlook

Formaldehyde, phenol-formaldehyde, melamine-formaldehyde, and polymeric methylene diisocyanate are commonly used in the production of wood-based panels like particleboard and plywood. Other formulations such as polyurethane, phenol-resorcinol-formaldehyde, and polyvinyl acetate are utilized for solid wood lamination and various construction applications. Key manufacturers in the wood adhesives market are investing heavily in strategic development initiatives, including product innovation and research and development, to strengthen their market position. For instance, in May 2023, Arkema SA's Bostik launched new hot melt polyurethane reactive adhesives specifically designed for edge banding applications in the woodworking industry. Additionally, in June 2024, Huntsman Corp announced the establishment of a new innovation center in Tienen, Belgium, aimed at enhancing its research and development capabilities in the European market.

Country Insights

The Europe wood adhesives market encompasses several countries, including Germany, France, Italy, the UK, Russia, and others. In 2023, the Rest of Europe segment, which includes countries like Poland, the Netherlands, and Belgium, held the largest market share. The demand for wood adhesives in this region is largely driven by a booming furniture industry and a rising preference for sustainable home decor products. For example, Poland's exports of windows and doors surged by 32% in 2022, reaching US$ 4.68 billion, reflecting the importance of the construction sector, which constituted about 10% of the country's GDP in 2022. Similarly, Hungary's construction output increased by approximately 6.3% in 2022, indicating a robust demand for building materials, which is expected to further boost the wood adhesives market.

Company Profiles

Key players in the wood adhesives market include Henkel AG & Co KGaA, 3M Co, Sika AG, Arkema SA, Dow Inc, H.B. Fuller Company, and others. These companies are pursuing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase market share.

Product Code: BMIRE00032137

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Europe Wood Adhesives Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Wood Adhesives Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Use
- 4.3.5 List of Vendors in the Value Chain
4.4 Average Selling Price, by Resin Type, 2023
4.5 Import - Export Analysis of Key Countries, 2023

5. Europe Wood Adhesives Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth of the Global Furniture Industry
- 5.1.2 Rising Application of Wood Adhesives in Home Renovation and Construction Activities
5.2 Market Restraints
- 5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
- 5.3.1 Strategic Research Initiatives Associated with Wood Adhesives
5.4 Future Trends
- 5.4.1 Development of Sustainable and Eco-Friendly Wood Adhesives
5.5 Impact of Drivers and Restraints:

6. Wood Adhesives Market- Europe Analysis

6.1 Europe Wood Adhesives Market Volume (Kilo Tons), 2021-2031
6.2 Europe Wood Adhesives Market Volume Forecast and Analysis (Kilo Tons)
6.3 Europe Wood Adhesives Market Revenue (US$ Million), 2023-2031
6.4 Europe Wood Adhesives Market Forecast and Analysis

7. Europe Wood Adhesives Market Volume and Revenue Analysis - by Resin Type

7.1 Natural
- 7.1.1 Overview
- 7.1.2 Natural: Europe Wood Adhesives Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Natural: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Synthetic
- 7.2.1 Overview
- 7.2.2 Synthetic: Europe Wood Adhesives Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Synthetic: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Europe Wood Adhesives Market Revenue Analysis - by Technology

8.1 Solvent-based
- 8.1.1 Overview
- 8.1.2 Solvent-based: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Water-based
- 8.2.1 Overview
- 8.2.2 Water-based: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Others
- 8.3.1 Overview
- 8.3.2 Others: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Europe Wood Adhesives Market Revenue Analysis - by Application

9.1 Furniture
- 9.1.1 Overview
- 9.1.2 Furniture: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Plywood
- 9.2.1 Overview
- 9.2.2 Plywood: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Flooring
- 9.3.1 Overview
- 9.3.2 Flooring: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Doors and Windows
- 9.4.1 Overview
- 9.4.2 Doors and Windows: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Europe Wood Adhesives Market - Country Analysis

10.1 Europe
- 10.1.1 Europe Wood Adhesives Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 Europe Wood Adhesives Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Europe Wood Adhesives Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 Germany: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.3.1 Germany: Europe Wood Adhesives Market Share - by Resin Type
    - 10.1.1.3.2 Germany: Europe Wood Adhesives Market Share - by Technology
  - 10.1.1.4 France: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.4.1 France: Europe Wood Adhesives Market Share - by Resin Type
    - 10.1.1.4.2 France: Europe Wood Adhesives Market Share - by Technology
    - 10.1.1.4.3 France: Europe Wood Adhesives Market Share - by Application
  - 10.1.1.5 Italy: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.5.1 Italy: Europe Wood Adhesives Market Share - by Resin Type
    - 10.1.1.5.2 Italy: Europe Wood Adhesives Market Share - by Technology
    - 10.1.1.5.3 Italy: Europe Wood Adhesives Market Share - by Application
  - 10.1.1.6 United Kingdom: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.6.1 United Kingdom: Europe Wood Adhesives Market Share - by Resin Type
    - 10.1.1.6.2 United Kingdom: Europe Wood Adhesives Market Share - by Technology
    - 10.1.1.6.3 United Kingdom: Europe Wood Adhesives Market Share - by Application
  - 10.1.1.7 Russia: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.7.1 Russia: Europe Wood Adhesives Market Share - by Resin Type
    - 10.1.1.7.2 Russia: Europe Wood Adhesives Market Share - by Technology
    - 10.1.1.7.3 Russia: Europe Wood Adhesives Market Share - by Application
  - 10.1.1.8 Rest of Europe: Europe Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.8.1 Rest of Europe: Europe Wood Adhesives Market Share - by Resin Type
    - 10.1.1.8.2 Rest of Europe: Europe Wood Adhesives Market Share - by Technology
    - 10.1.1.8.3 Rest of Europe: Europe Wood Adhesives Market Share - by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration

12. Industry Landscape

12.1 Overview
12.2 Merger and Acquisition
12.3 Collaboration
12.4 Expansion
12.5 New Product Launch

13. Company Profiles

13.1 Henkel AG & Co KGaA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 3M Co
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Sika AG
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Arkema SA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Dow Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 H.B. Fuller Company
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Akzo Nobel NV
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Aica Kogyo Co. Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Pidilite Industries Ltd
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Mapei SpA
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
13.11 Jubilant Industries Ltd
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
13.12 Franklin International
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments
13.13 Jowat SE
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis
- 13.13.6 Key Developments
13.14 STAUF Klebstoffwerk GmbH
- 13.14.1 Key Facts
- 13.14.2 Business Description
- 13.14.3 Products and Services
- 13.14.4 Financial Overview
- 13.14.5 SWOT Analysis
- 13.14.6 Key Developments
13.15 RPM International Inc
- 13.15.1 Key Facts
- 13.15.2 Business Description
- 13.15.3 Products and Services
- 13.15.4 Financial Overview
- 13.15.5 SWOT Analysis
- 13.15.6 Key Developments
13.16 Huntsman Corp
- 13.16.1 Key Facts
- 13.16.2 Business Description
- 13.16.3 Products and Services
- 13.16.4 Financial Overview
- 13.16.5 SWOT Analysis
- 13.16.6 Key Developments
13.17 Follmann GmbH and Co KG
- 13.17.1 Key Facts
- 13.17.2 Business Description
- 13.17.3 Products and Services
- 13.17.4 Financial Overview
- 13.17.5 SWOT Analysis
- 13.17.6 Key Developments
13.18 Bolton Group S.r.l
- 13.18.1 Key Facts
- 13.18.2 Business Description
- 13.18.3 Products and Services
- 13.18.4 Financial Overview
- 13.18.5 SWOT Analysis
- 13.18.6 Key Developments
13.19 Wacker Chemie AG
- 13.19.1 Key Facts
- 13.19.2 Business Description
- 13.19.3 Products and Services
- 13.19.4 Financial Overview
- 13.19.5 SWOT Analysis
- 13.19.6 Key Developments
13.20 IFS Industries Inc
- 13.20.1 Key Facts
- 13.20.2 Business Description
- 13.20.3 Products and Services
- 13.20.4 Financial Overview
- 13.20.5 SWOT Analysis
- 13.20.6 Key Developments

14. Appendix

14.1 About The Insight Partners