The Wood Adhesives Market Size was valued at expected to reach USD 13.60 billion by 2031, and USD 6.98 billion in 2023 and grow at a CAGR of 8.7% over the forecast period 2024-2031.
As building activity flourishes globally, the demand for wood applications is on the rise. This creates a significant opportunity for wood adhesives, which play a crucial role in binding wood components together. China exemplifies this trend perfectly. Fueled by rapid residential and commercial expansion, the country is experiencing a continuous urbanization process. According to World Bank projections, China's urbanization rate is expected to reach 70% by 2030. This led into a massive demand for housing and commercial buildings, all of which rely heavily on wood products. Furthermore, data from the National Bureau of Statistics of China paints an even clearer picture the country's construction output. This construction growth results directly into a surging demand for wood adhesives. India is another emerging market mirroring this trend. the Indian Real Estate Industry predicts a significant investment in housing over the next seven years.
Get E-PDF Sample Report on Wood Adhesives Market - Request Sample Report
MARKET DYNAMICS
KEY DRIVERS:
Rising furniture demand and business-friendly regulations, wood adhesive market.
The wood adhesives are bright, particularly in emerging economies like China, India, Brazil, and Mexico. This surge is being fueled by a strategic shift by adhesive manufacturers. With mature markets becoming increasingly competitive, these companies are setting their sights on these high-growth regions. The mature markets are becoming increasingly competitive, pushing adhesive manufacturers to explore new frontiers. these emerging economies boast booming furniture, wooden flooring, and window & door industries, creating a fertile ground for adhesives. It rising awareness of the benefits these adhesives offer in woodworking is fueling their demand. The Asia Pacific (APAC) region stands out as a particular growth engine, with China and India leading the charge. Their massive populations and insatiable demand for furniture, flooring, cabinets, and other wood products are creating a significant market for adhesives.
RESTRAIN:
Fluctuations in the raw material prices could be challenge for wood adhesive market.
These essential ingredients, including plastic resins, synthetic rubber, and petroleum-based chemicals, are susceptible to price swings caused by global events like pandemics and political instability in the Middle East. This isn't just a pricing issue it can also impact availability. The ripple effects extend beyond the factory walls. Rising fuel costs translate to higher transportation costs, further decreasing margins. Unfortunately, for price-sensitive sectors like low-end adhesive products, price hikes can lead to a drop in demand. A double whammy for adhesive manufacturers potentially lower profits due to rising costs and declining sales due to price sensitivity.
OPPORTUNITY:
Growing demand for low-VOC (Volatile Organic Compound) products.
This shift is driven by a collective effort from major players who recognize the environmental benefits of these eco-friendly alternatives. Low-VOC adhesives offer an advantage over their solvent-based counterparts. They boast a significantly lower environmental impact, making them a more sustainable choice. But the benefits extend beyond just eco-friendliness. These water-based adhesives offer practical advantages as well. Their fast drying times minimize downtime and improve efficiency. They have a minimal odor, creating a more pleasant working environment. cleanup is a breeze water and soap are all you need to remove any residue. This combination of environmental responsibility and practical advantages makes low-VOC adhesives a compelling choice for the future of the wood adhesives market.
CHALLENGES:
Volatile raw material prices is a constant battle for wood adhesive manufacturers striving to keep their products affordable.
Keeping wood adhesives affordable in a world of volatile raw material prices is a constant battle for market players. Crude oil prices, a key factor in the cost of many adhesive components, can swing wildly, creating a pricing tightrope walk for manufacturers. Maintaining affordability for both producers and consumers. Uncontrolled raw material and equipment costs can quickly inflate the final price of wood adhesives. This can decrease profit margins for manufacturers and potentially put the product out of reach for budget-conscious consumers. To navigate this challenge, market players are constantly strategizing. Finding ways to optimize production processes and source materials efficiently can help to mitigate some of the cost fluctuations. Some manufacturers might explore alternative, more stable raw materials where possible.
IMPACT OF RUSSIA UKRAINE WAR
Sanctions on Russia, a major wood supplier, are leading to potential shortages and price hikes for wood used with adhesives. Disruptions to energy and transportation could also cause price fluctuations for adhesive components themselves. Manufacturers might seek alternative wood materials, impacting adhesive demand. European markets reliant on Russian wood may be hit harder. The war's broader economic effects could further dampen demand for wood products and adhesives.
IMPACT OF ECONOMIC DOWNTURN
An economic downturn has slowed down the wood adhesive market as economic downturns loom. Construction, furniture, and infrastructure projects major consumers of wood products and adhesives take a hit during these times. Reduced budgets lead to less spending on furniture and home renovations, further dampening demand. Manufacturers may face pressure to lower prices and decrease their profits. However,. Repair and renovation projects, often more resilient than new construction, could provide some stability. Additionally, a focus on affordability might shift demand towards lower-priced wood products and adhesives, benefiting manufacturers in that segment.
KEY MARKET SEGMENTS
By Product Type:
Urea-formaldehyde (UF)
Melamine Urea-formaldehyde (MUF)
Phenol-formaldehyde (PF)
Isocyanates
Polyurethane
Polyvinyl Acetate (PVA)
Soy-based
Others
The urea-formaldehyde (UF) dominates the product type segment claiming a staggering 35% revenue share in 2023. This dominance stems from its versatility as a non-transparent thermosetting resin, the perfect partner for wood applications. UF boasts impressive properties such as high tensile strength and flexural modulus, ensuring strong and sturdy bonds. To fine-tune its performance, fillers, and extenders are incorporated into the resin. These additives control flow, viscosity, and how deeply the resin penetrates the wood. UF's primary application lies in the production of interior-grade plywood and particleboard. However, a significant Achilles' heel of UF adhesives is their vulnerability to water. For situations demanding superior water resistance, melamine urea-formaldehyde (MUF) resins step up to the plate. Compared to their UF counterparts, MUF resins boast significantly enhanced water-repelling properties.
By Application
Flooring
Furniture
Doors & Windows
Housing Components
Others
By Substrate Type
Solid Wood
Oriented Strand Board (OSB)
Plywood
Particle Board (PB)
Medium-density Fiberboard (MDF)
High-density Fiberboard (HDF)
Others
The plywood dominates the substrate type segment, gobbling up over 28% of its revenue in 2023. This dominance is fueled by the surging demand for plywood in both construction and furniture industries, particularly across the Asia Pacific region. Plywood's secret lies in its manufacturing process – multiple thin layers of wood veneer are bonded together using adhesives. These layers translate into superior properties like high strength, resistance to moisture, impact, chemicals, and even fire. This durability is expected to propel the wood adhesive market forward in the coming years. Plywood's applications extend beyond furniture, acting as a valuable insulating material for walls, ceilings, roofs, and even floors.
.png)
Get Customized Report as per your Business Requirement - Request For Customized Report
The Asia Pacific region is dominating the wood adhesives market, holding a commanding revenue share of over 48% in 2023. This dominance can be attributed to a perfect storm of factors. The population in Asia Pacific is experiencing explosive growth. This, coupled with the yearning for affordable housing and government initiatives promoting necessities like food and shelter, has fueled a construction boom across the region. China, a powerhouse in wood-based panel production, further amplifies this growth. Here, the wood panel industry plays a crucial role in the economy, churning out some of the highest volumes globally. This well-established industry, combined with a steady supply of wood products, is expected to continue propelling the wood adhesives market forward.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players in the Wood Adhesives Market are DuPont, H.B. Fuller Company, Henkel AG & Co., KGaA, Bostik S.A., 3M, Sika AG, Ashland, Inc., Pidilite Industries Ltd., Jubiulant Industries Ltd., Akzo Nobel N.V., Franklin Adhesives & Polymers, The Dow Chemical Company, and other players.
In March 2023: Pidilite Industries, a leading adhesive company in India, announced a collaboration with Jowat SE. This partnership will see Pidilite begin manufacturing hot melt adhesives in India, leveraging Jowat's expertise.
In 8th June 2023: DuPont's Styrofoam™ Brand ST-100 XPS insulation scored a win for sustainability! , the American Chemistry Council (ACC) awarded it the 2023 ACC Sustainability Leadership Award in the Environmental Protection category. This recognition highlights DuPont's commitment to eco-friendly practices.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.98 Billion |
| Market Size by 2031 | US$ 13.60 Billion |
| CAGR | CAGR of 8.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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 (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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. |
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 USD 6.98 billion in 2023 and is expected to Reach USD 13.60 billion by 2031.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2.Industry Flowchart
3.Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7.Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Wood Adhesives Market Segmentation, By Product Type
10.1 Introduction
10.2 Trend Analysis
10.3 Urea-formaldehyde (UF)
10.4 Melamine Urea-formaldehyde (MUF)
10.5 Phenol-formaldehyde (PF)
10.6 Isocyanates
10.7 Polyurethane
10.6 Polyvinyl Acetate (PVA)
10.7 Soy-based
10.8 Others
11.Wood Adhesives Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Flooring
11.4 Furniture
11.5 Doors & Windows
11.6 Housing Components
11.7 Others
12. Wood Adhesives Market Segmentation, By Substrate Type
12.1 Introduction
12.2 Trend Analysis
12.3 Solid Wood
12.4 Oriented Strand Board (OSB)
12.5 Plywood
12.6 Particle Board (PB)
12.7 Medium-density Fiberboard (MDF)
12.8 High-density Fiberboard (HDF)
12.9 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Wood Adhesives Market by Country
13.2.3 North America Wood Adhesives Market By Product Type
13.2.4 North America Wood Adhesives Market By Application
13.2.5 North America Wood Adhesives Market By Substrate Type
13.2.6 USA
13.2.6.1 USA Wood Adhesives Market By Product Type
13.2.6.2 USA Wood Adhesives Market By Application
13.2.6.3 USA Wood Adhesives Market By Substrate Type
13.2.7 Canada
13.2.7.1 Canada Wood Adhesives Market By Product Type
13.2.7.2 Canada Wood Adhesives Market By Application
13.2.7.3 Canada Wood Adhesives Market By Substrate Type
13.2.8 Mexico
13.2.8.1 Mexico Wood Adhesives Market By Product Type
13.2.8.2 Mexico Wood Adhesives Market By Application
13.2.8.3 Mexico Wood Adhesives Market By Substrate Type
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Wood Adhesives Market by Country
13.3.2.2 Eastern Europe Wood Adhesives Market By Product Type
13.3.2.3 Eastern Europe Wood Adhesives Market By Application
13.3.2.4 Eastern Europe Wood Adhesives Market By Substrate Type
13.3.2.5 Poland
13.3.2.5.1 Poland Wood Adhesives Market By Product Type
13.3.2.5.2 Poland Wood Adhesives Market By Application
13.3.2.5.3 Poland Wood Adhesives Market By Substrate Type
13.3.2.6 Romania
13.3.2.6.1 Romania Wood Adhesives Market By Product Type
13.3.2.6.2 Romania Wood Adhesives Market By Application
13.3.2.6.4 Romania Wood Adhesives Market By Substrate Type
13.3.2.7 Hungary
13.3.2.7.1 Hungary Wood Adhesives Market By Product Type
13.3.2.7.2 Hungary Wood Adhesives Market By Application
13.3.2.7.3 Hungary Wood Adhesives Market By Substrate Type
13.3.2.8 Turkey
13.3.2.8.1 Turkey Wood Adhesives Market By Product Type
13.3.2.8.2 Turkey Wood Adhesives Market By Application
13.3.2.8.3 Turkey Wood Adhesives Market By Substrate Type
13.3.2.9 Rest of Eastern Europe
13.3.2.9.1 Rest of Eastern Europe Wood Adhesives Market By Product Type
13.3.2.9.2 Rest of Eastern Europe Wood Adhesives Market By Application
13.3.2.9.3 Rest of Eastern Europe Wood Adhesives Market By Substrate Type
13.3.3 Western Europe
13.3.3.1 Western Europe Wood Adhesives Market by Country
13.3.3.2 Western Europe Wood Adhesives Market By Product Type
13.3.3.3 Western Europe Wood Adhesives Market By Application
13.3.3.4 Western Europe Wood Adhesives Market By Substrate Type
13.3.3.5 Germany
13.3.3.5.1 Germany Wood Adhesives Market By Product Type
13.3.3.5.2 Germany Wood Adhesives Market By Application
13.3.3.5.3 Germany Wood Adhesives Market By Substrate Type
13.3.3.6 France
13.3.3.6.1 France Wood Adhesives Market By Product Type
13.3.3.6.2 France Wood Adhesives Market By Application
13.3.3.6.3 France Wood Adhesives Market By Substrate Type
13.3.3.7 UK
13.3.3.7.1 UK Wood Adhesives Market By Product Type
13.3.3.7.2 UK Wood Adhesives Market By Application
13.3.3.7.3 UK Wood Adhesives Market By Substrate Type
13.3.3.8 Italy
13.3.3.8.1 Italy Wood Adhesives Market By Product Type
13.3.3.8.2 Italy Wood Adhesives Market By Application
13.3.3.8.3 Italy Wood Adhesives Market By Substrate Type
13.3.3.9 Spain
13.3.3.9.1 Spain Wood Adhesives Market By Product Type
13.3.3.9.2 Spain Wood Adhesives Market By Application
13.3.3.9.3 Spain Wood Adhesives Market By Substrate Type
13.3.3.10 Netherlands
13.3.3.10.1 Netherlands Wood Adhesives Market By Product Type
13.3.3.10.2 Netherlands Wood Adhesives Market By Application
13.3.3.10.3 Netherlands Wood Adhesives Market By Substrate Type
13.3.3.11 Switzerland
13.3.3.11.1 Switzerland Wood Adhesives Market By Product Type
13.3.3.11.2 Switzerland Wood Adhesives Market By Application
13.3.3.11.3 Switzerland Wood Adhesives Market By Substrate Type
13.3.3.1.13 Austria
13.3.3.13.1 Austria Wood Adhesives Market By Product Type
13.3.3.13.2 Austria Wood Adhesives Market By Application
13.3.3.13.3 Austria Wood Adhesives Market By Substrate Type
13.3.3.13 Rest of Western Europe
13.3.3.13.1 Rest of Western Europe Wood Adhesives Market By Product Type
13.3.3.13.2 Rest of Western Europe Wood Adhesives Market By Application
13.3.3.13.3 Rest of Western Europe Wood Adhesives Market By Substrate Type
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Wood Adhesives Market by Country
13.4.3 Asia-Pacific Wood Adhesives Market By Product Type
13.4.4 Asia-Pacific Wood Adhesives Market By Application
13.4.5 Asia-Pacific Wood Adhesives Market By Substrate Type
13.4.6 China
13.4.6.1 China Wood Adhesives Market By Product Type
13.4.6.2 China Wood Adhesives Market By Application
13.4.6.3 China Wood Adhesives Market By Substrate Type
13.4.7 India
13.4.7.1 India Wood Adhesives Market By Product Type
13.4.7.2 India Wood Adhesives Market By Application
13.4.7.3 India Wood Adhesives Market By Substrate Type
13.4.8 Japan
13.4.8.1 Japan Wood Adhesives Market By Product Type
13.4.8.2 Japan Wood Adhesives Market By Application
13.4.8.3 Japan Wood Adhesives Market By Substrate Type
13.4.9 South Korea
13.4.9.1 South Korea Wood Adhesives Market By Product Type
13.4.9.2 South Korea Wood Adhesives Market By Application
13.4.9.3 South Korea Wood Adhesives Market By Substrate Type
13.4.10 Vietnam
13.4.10.1 Vietnam Wood Adhesives Market By Product Type
13.4.10.2 Vietnam Wood Adhesives Market By Application
13.4.10.3 Vietnam Wood Adhesives Market By Substrate Type
13.4.11 Singapore
13.4.11.1 Singapore Wood Adhesives Market By Product Type
13.4.11.2 Singapore Wood Adhesives Market By Application
13.4.11.3 Singapore Wood Adhesives Market By Substrate Type
13.4.12 Australia
13.4.12.1 Australia Wood Adhesives Market By Product Type
13.4.12.2 Australia Wood Adhesives Market By Application
13.4.12.3 Australia Wood Adhesives Market By Substrate Type
13.4.13 Rest of Asia-Pacific
13.4.13.1 Rest of Asia-Pacific Wood Adhesives Market By Product Type
13.4.13.2 Rest of Asia-Pacific Wood Adhesives Market By Application
13.4.13.3 Rest of Asia-Pacific Wood Adhesives Market By Substrate Type
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Wood Adhesives Market by Country
13.5.2.2 Middle East Wood Adhesives Market By Product Type
13.5.2.3 Middle East Wood Adhesives Market By Application
13.5.2.4 Middle East Wood Adhesives Market By Substrate Type
13.5.2.5 UAE
13.5.2.5.1 UAE Wood Adhesives Market By Product Type
13.5.2.5.2 UAE Wood Adhesives Market By Application
13.5.2.5.3 UAE Wood Adhesives Market By Substrate Type
13.5.2.6 Egypt
13.5.2.6.1 Egypt Wood Adhesives Market By Product Type
13.5.2.6.2 Egypt Wood Adhesives Market By Application
13.5.2.6.3 Egypt Wood Adhesives Market By Substrate Type
13.5.2.7 Saudi Arabia
13.5.2.7.1 Saudi Arabia Wood Adhesives Market By Product Type
13.5.2.7.2 Saudi Arabia Wood Adhesives Market By Application
13.5.2.7.3 Saudi Arabia Wood Adhesives Market By Substrate Type
13.5.2.8 Qatar
13.5.2.8.1 Qatar Wood Adhesives Market By Product Type
13.5.2.8.2 Qatar Wood Adhesives Market By Application
13.5.2.8.3 Qatar Wood Adhesives Market By Substrate Type
13.5.2.9 Rest of Middle East
13.5.2.9.1 Rest of Middle East Wood Adhesives Market By Product Type
13.5.2.9.2 Rest of Middle East Wood Adhesives Market By Application
13.5.2.9.3 Rest of Middle East Wood Adhesives Market By Substrate Type
13.5.3 Africa
13.5.3.1 Africa Wood Adhesives Market by Country
13.5.3.2 Africa Wood Adhesives Market By Product Type
13.5.3.3 Africa Wood Adhesives Market By Application
13.5.3.4 Africa Wood Adhesives Market By Substrate Type
13.5.3.5 Nigeria
13.5.3.5.1 Nigeria Wood Adhesives Market By Product Type
13.5.3.5.2 Nigeria Wood Adhesives Market By Application
13.5.3.5.3 Nigeria Wood Adhesives Market By Substrate Type
13.5.3.6 South Africa
13.5.3.6.1 South Africa Wood Adhesives Market By Product Type
13.5.3.6.2 South Africa Wood Adhesives Market By Application
13.5.3.6.3 South Africa Wood Adhesives Market By Substrate Type
13.5.3.7 Rest of Africa
13.5.3.7.1 Rest of Africa Wood Adhesives Market By Product Type
13.5.3.7.2 Rest of Africa Wood Adhesives Market By Application
13.5.3.7.3 Rest of Africa Wood Adhesives Market By Substrate Type
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Wood Adhesives Market by country
13.6.3 Latin America Wood Adhesives Market By Product Type
13.6.4 Latin America Wood Adhesives Market By Application
13.6.5 Latin America Wood Adhesives Market By Substrate Type
13.6.6 Brazil
13.6.6.1 Brazil Wood Adhesives Market By Product Type
13.6.6.2 Brazil Wood Adhesives Market By Application
13.6.6.3 Brazil Wood Adhesives Market By Substrate Type
13.6.7 Argentina
13.6.7.1 Argentina Wood Adhesives Market By Product Type
13.6.7.2 Argentina Wood Adhesives Market By Application
13.6.7.3 Argentina Wood Adhesives Market By Substrate Type
13.6.8 Colombia
13.6.8.1 Colombia Wood Adhesives Market By Product Type
13.6.8.2 Colombia Wood Adhesives Market By Application
13.6.8.3 Colombia Wood Adhesives Market By Substrate Type
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America Wood Adhesives Market By Product Type
13.6.9.2 Rest of Latin America Wood Adhesives Market By Application
13.6.9.3 Rest of Latin America Wood Adhesives Market By Substrate Type
14. Company Profiles
14.1 DuPont
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 H.B. Fuller Company
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Henkel AG & Co.
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 KGaA, Bostik S.A.
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 3M
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Sika AG
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Ashland, Inc.
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Pidilite Industries Ltd.
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Jubiulant Industries Ltd.
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Akzo Nobel N.V.
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 Franklin Adhesives & Polymers,
14.11.1 Company Overview
14.11.2 Financial
14.11.3 Products/ Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
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.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
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.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Emission Control Catalysts Market Size was valued at USD 48.8 billion in 2023, and is expected to reach USD 82.63 billion by 2031, and grow at a CAGR of 6.8% over the forecast period 2024-2031.
The Ceramic Balls Market size was USD 535.65 million in 2023 and is expected to Reach USD 805.37 million by 2031 and grow at a CAGR of 5.3% over the forecast period of 2024-2031.
The Demulsifier Market size was USD 2.4 billion in 2023 and is expected to Reach USD 3.31 billion by 2031 and grow at a CAGR of 4.15% over the forecast period of 2024-2031.
The Nucleic Acid-based Therapeutics Market size was valued at USD 5.36 billion in 2023 and is expected to grow to USD 14.25 billion by 2031 and grow at a CAGR of 13.5% over the forecast period of 2024-2031.
The Thermal Interface Materials Market Size was valued at USD 3.4 billion in 2022 and is expected to reach USD 7.4 billion by 2030 and grow at a CAGR of 10.2 % over the forecast period 2023-2030.
The amorphous Polyethylene Terephthalate Market was valued at USD 48.72 billion in 2023. It is estimated to reach USD 87.74 billion by 2031 and grow at a CAGR of 7.5% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
