Report Id: SNS/C&M/2330 | July 2022 | Region: Global | 127 Pages
Report Scope & Overview:
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.
Use is growing in the world's biggest new economies.
Adding more building projects
Rising urban population
Changes in the prices of raw materials.
Demand for glues with low VOCs goes up.
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.
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.
By Product Type
Natural wood adhesives
Synthetic wood adhesives
Doors and windows
By End Use Sector
Industrial and Infrastructural
Isocyanates (MDI, TDI, HDI)
Soy based wood adhesives
Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate (EVA)
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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 (FAQ) :
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 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
10.Wood Adhesives Market Segment, By application
10.5 Doors and windows
11.Wood Adhesives Market Segment, By end use sector
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)
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profile
14.1 Pidilite Industries Limited
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
14.9 Ashland Inc.
14.10 Fuller Company
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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