Global Wood Adhesives Market Opportunities, Growth, Future Demand and Forecast up to 2024
Axiom MRC Added an, “Wood
Adhesives Market Report, By Resin Type,
Source, Application and Geography - Global Market Share, Trend Analysis &
Forecast Up To 2024”
Wood
adhesives are polymeric materials that interact physically or chemically with
the surface of wood in such a way that stresses are transferred between bonded
members, hopefully without rupture of the adhesive or detachment of the
adhesive from the wood.
Wood
Adhesives Market Outlook
The
global wood adhesives market is primarily driven by factors such as,
innovations in furniture & décor, rising urban population, increase
disposable income and increasing consumer spending on luxury furniture. One of
the major trends which will influenced the wood adhesives market during the
forecast period is the significant shift of consumers towards bio-based wood
adhesives owing to the characteristics like low toxicity, biodegradability, and
lower prices. However, strict environmental regulation imposed by the
government are is projected to hinder the growth of the market.
Wood
Adhesives Market Segmental Overview
Wood Adhesives Market by Resin Type
The
report analyses the wood adhesives market by resin type into natural resin
adhesives and synthetic resin adhesives. Natural resin adhesives are further
sub segmented into animal based and plant based. Synthetic resin adhesives are
further bifurcated into thermosetting resin adhesives, thermoplastic resin
adhesives and others.
Wood Adhesives Market by Technology
Based
on technology, the market is segmented into solvent based, water based, solvent
less and others. The solvent based segment dominates the market owing to its
characteristics like bonding strength, resistance to chemicals and temperature,
and durability.
Wood Adhesives Market by Application
By
application the market is bifurcated into furniture, plywood, particle board,
flooring and decks, cabinets, windows and doors and others. Others including
marine, tile board, shutters, sidings, ceilings, and wooden toys.
Wood Adhesives Market by Geography
By
geography wood adhesives market is studied across the countries of key regions
such as, North America, Europe, Asia Pacific and rest of the world. Rest of the
world includes Middle East & Africa and Latin America.
Wood
Adhesives Market Key Players
The
key companies operating in the wood adhesives market are Henkel AG & Co.
KGaA (Germany), H.B. Fuller (U.S.), 3M Company (U.S.), Ashland Inc. (U.S.),
Sika A.G. (Switzerland), The Dow Chemical Company (U.S.), AkzoNobel N.V.
(Netherlands), Bostik SA (France), and Pidilite Industries (India), etc.
research and development, new product development and technological advancement
are the key growth strategies adopted by major players to reinforce their
positions in the international market and expand their geographic
presence.
Other related reports
Axiom Market Research & Consulting™ (also known as
Axiom MRC), is a full-service market research and data analytics firm, driven
by a simple aim of providing key market intelligence to companies to assist
them in taking informed business decisions pertaining to their marketing
strategy, investments, new product launches, market competition, consumer or
end users, social media trends etc.
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