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Wood Adhesives Market Report Scope & Overview:

The Wood Adhesives Market Size was valued at USD 4.38 billion in 2022, and is expected to reach USD 5.77 billion by 2030, and grow at a CAGR of 3.5% over the forecast period 2023-2030.

Adhesive, which is also called mucilage, glue, or paste, is a substance that is not made of metal and is used on one or both sides of two different things. These glues help hold them together and keep them from coming apart. Wood adhesives are often used to stick together strong pieces of wood. The market is likely to grow because more and more wood adhesives are being used in different ways.

Wood Adhesives Market Revenue Analysis

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Market Dynamics:

Drivers:

  • Use is growing in the world's biggest new economies.

  • Adding more building projects

  • Rising urban population

Restraints:

  • Changes in the prices of raw materials.

Opportunity:

  • Demand for glues with low VOCs goes up.

Challenge:

  • Changes in the price of crude oil or petroleum affect the demand for wood glues.

  • Keeping prices in check to make sure they are affordable.

Impact of COVID-19:

In 2020, the World Health Organization (WHO) said that the spread of COVID-19 was a pandemic. The COVID-19 virus outbreak caused a lot of trouble for the global economy. To stop the virus from spreading, international borders were closed and economic activities in different countries were stopped. This had a big effect on industries all over the world.

COVID-19 has had a big effect on many financial and industrial fields, like travel and tourism, manufacturing, and aviation. As more and more countries put in place and extend lockdowns, economic activities are going down, which hurts the global economy. As of mid-August 2020, there were more than 20 million confirmed cases of COVID-19. Because of factory shutdowns and quarantine measures, businesses are losing money and having trouble with their supply chains.

Market Segment:

By Product Type

  • Natural wood adhesives

  • Synthetic wood adhesives

By Technology

  • Solvent based

  • Water based

  • Others

By Application

  • Cabinets

  • Flooring

  • Plywood

  • Furniture

  • Doors and windows

  • Others

By End Use Sector

  • Residential

  • Commercial

  • Industrial and Infrastructural

By Type

  • Urea-formaldehyde (UF)

  • Isocyanates (MDI, TDI, HDI)

  • Melamine-urea-formaldehyde (MUF)

  • Soy based wood adhesives

  • Phenol-formaldehyde (PF)

  • Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate (EVA)

Wood Adhesives Market Segmentation Analysis

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Regional Analysis:

From a regional point of view, it is expected that Asia Pacific will hold a larger share of the global wood adhesives market. Due to urbanisation and industrialization, the construction industry is expected to grow quickly, which will increase the need for wood adhesives in the region. Over the next few years, North America and Europe are expected to grow at a moderate rate. Large investments in construction and renovation projects in the area are expected to increase market demand.

Latin America, the Middle East, and Africa are expected to be low-volume, high-growth regions that will see a lot of growth over the next few years. Over the next few years, the global market for wood adhesives is expected to grow slowly in Japan.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Pidilite Industries Limited, Henkel AG & Co. KGaA, The Dow Chemical Company, BASF SE, The 3M Company, Asian Paints, Sika AG, Bostik, Ashland Inc., Fuller Company, and other players.

3M Company-Company Financial Analysis

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Wood Adhesives Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 4.38 Billion
Market Size by 2030 US$ 5.77 Billion
CAGR CAGR of 3.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By product type (Natural wood adhesives, Synthetic wood adhesives)
• By technology (Solvent based, Water based, Others)
• By application (Cabinets, Flooring, Plywood, Furniture, Doors and windows, Others)
• By end use sector (Residential, Commercial, Industrial and Infrastructural)
• By type (Urea-formaldehyde (UF), Isocyanates (MDI, TDI, HDI), Melamine-urea-formaldehyde (MUF), Soy based wood adhesives, Phenol-formaldehyde (PF), Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate (EVA))
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Pidilite Industries Limited, Henkel AG & Co. KGaA, The Dow Chemical Company, BASF SE, The 3M Company, Asian Paints, Sika AG, Bostik, Ashland Inc., Fuller Company
Drivers • Use is growing in the world's biggest new economies.
• Adding more building projects
• Rising urban population
Restraints • Changes in the prices of raw materials.

Frequently Asked Questions

Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Pidilite Industries Limited, Henkel AG & Co. KGaA, The Dow Chemical Company, BASF SE, The 3M Company, Asian Paints, Sika AG, Bostik, Ashland Inc., Fullern Company are the major key players of Wood Adhesives Market.

 

Ans:  Changes in the prices of raw materials are the restraints for Wood Adhesives Market.

 

Ans: Wood Adhesives Market Size was valued at USD 4.24 billion in 2021, and expected to reach USD 5.39 billion by 2028, and grow at a CAGR of 3.5 % over the forecast period 2022-2028.

 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Wood Adhesives Market Segment, By product type

8.1 Natural wood adhesives

8.2 Synthetic wood adhesives

9.Wood Adhesives Market Segment, By technology

9.1 Solvent based

9.2 Water based

9.3 Others

10.Wood Adhesives Market Segment, By application

10.1 Cabinets

10.2 Flooring

10.3 Plywood

10.4 Furniture

10.5 Doors and windows

10.6 Others

11.Wood Adhesives Market Segment, By end use sector

11.1 Residential

11.2 Commercial

11.3 Industrial and Infrastructural

12.Wood Adhesives Market Segment, By type

12.1 Urea-formaldehyde (UF)

12.2 Isocyanates (MDI, TDI, HDI)

12.3 Melamine-urea-formaldehyde (MUF)

12.4 Soy based wood adhesives

12.5 Phenol-formaldehyde (PF)

12.6 Others

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14. Company Profile

14.1 Pidilite Industries Limited

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Henkel AG & Co. KGaA

14.3 The Dow Chemical Company

14.4 BASF SE

14.5 The 3M Company

14.6 Asian Paints

14.7 Sika AG

14.8 Bostik

14.9 Ashland Inc.

14.10 Fuller Company

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

16. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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