Pune, India -- (SBWire) -- 01/17/2018 --Global Wood Adhesives Market segmented by Resin Type (Natural Resin Adhesives, Synthetic Resin Adhesives); By Technology (Solvent-Based, Water-Based, Solventless); Application (Furniture, Cabinet, Plywood, Flooring & Decks, Particle Board, Windows & Doors); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Global Wood Adhesives Market:
Wood adhesives are the adhesive used to joining woods together tightly. Wood adhesives are designed to set thin so there are no gaps between wooden parts. They are available in interior, water resistant or waterproof varieties. It has its wide application in furniture, cabinet, plywood, flooring & decks, particle board, windows & doors. Increasing urban population, and rise in new construction activities may act as the major driver in the growth of wood adhesives market. Increase in use of substitute materials may hamper the market.
Market Segmentation:
The global wood adhesives market is segmented on the basis of resin type into natural resin adhesives, and synthetic resin adhesives. The natural resin adhesives segment is sub segmented into animal-based, and plant-based. The animal based segment is sub segmented into casein, and blood-albumin glue. The plant-based segment is sub segmented into starch-based, and protein-based. The synthetic resin adhesives segment is sub segmented into thermosetting resin adhesives, thermoplastic resin adhesives, and others. The thermosetting resin adhesives segment is sub segmented into urea-formaldehyde, melamine formaldehyde, phenol formaldehyde, and resorcinol and phenol-resorcinol formaldehyde. The thermoplastic resin adhesives segment is sub segmented into polyvinyl acetates, and hot-melt adhesives.
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On the basis of technology: solvent-based, water-based, solventless, and others.
On the basis of application: furniture, cabinet, plywood, flooring & decks, particle board, windows & doors, and others. The flooring & decks segment is sub segmented into flooring, and decks.
On the basis of geography, the global wood adhesives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Key Points and Drivers:
- Increasing urban population
- Rise in new construction activities
- Renovations and remodeling
- Growth due to emerging economies such as Asia-Pacific, the Middle East & Africa, and South America
- Volatility in raw material prices
- Increase in use of substitute materials
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Top 3 Manufacturer Are Henkel AG & Co., Sika AG, H.B. Fuller Company Impacting the Global Wood Adhesives Market Through 2024
Global Wood Adhesives Market added by Data Bridge Market Research. Market accounted for USD 982.3 million in 2016 and projected to grow at a CAGR of 4.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.