Wood Adhesives Market Worth $ 4.9 Billion By 2026

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CHICAGO, September 24, 2021 / PRNewswire / – According to New Market Research Report Wood Adhesives Market by Resin Type (Natural & Synthetic), Technology (Solvent Based, Water Based, Solvent Free), Application (Floor & Deck, Plywood, Furniture, Cabinet, Particle Board, Window & Door) – Global Forecast until 2026 “, published by MarketsandMarkets ™, the wood adhesives market has high growth potential and is expected to reach a market size of $ 4.9 billion by 2026 from $ 4.1 billion in 2021, at a CAGR of 3.4%. Market growth is driven by the growing demand for adhesives in place of traditional fasteners. They offer strong bonds, clean finishes and are lightweight. They do not rust and have sealing properties. Growing demand in the packaging industry, especially in furniture and cabinets. The APAC region is the largest market for wood adhesives. The main concern is the environmental and health impact of adhesives based on synthetic resin.

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“Natural resin is the fastest growing market segment in terms of volume (3.4%) and value (3.9%).”

Adhesives based on natural resin are gaining popularity due to the global trend of sustainable development and continuous advancements in the field. Growth was halted due to the global pandemic, which caused the market to shut down and disrupted the supply chain. The shutdown lowered sales compared to the pre-pandemic period.

“The furniture market segment has the highest CAGR in terms of value (3.4%)”.

Furniture is one of the two market segments with the highest CAGR. The use of wood glues on wood products increases their durability and gives good adhesion to the wood substrate. Wood glues are widely used in furniture manufacturing because they provide strong adhesion and aesthetic appeal to the furniture item. The growth of the wood furniture industry will boost the market for wood adhesives as they are directly related to each other.

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APAC is the largest market of all end-use industries due to the presence of large developing economies and large population.

APAC is the largest wood adhesives market, accounting for a 39.3% share, by value, in 2020. Less stringent regulations and pro-industry laws are one of the main drivers of market growth.

The main players in the wood glue market are Henkel AG (Düsseldorf, Germany), Sika AG (Baar, Switzerland), The 3M Society (Saint-Paul, Minnesota, United States), and Arkema (Colombes, France).

Browse adjacent markets: Chemical market research Reports & Consulting

Associated reports:

· Solvent Based Adhesives Market by chemicals (polyurethane, acrylic, chloroprene rubber, synthesized rubber), end-use industry (paper and packaging, medical, automotive, building and construction, woodworking), region – global forecast to 2026.

https://www.marketsandmarkets.com/Market-Reports/solvent-based-adhesives-market-93817369.html

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