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Wood Adhesives Market by Resin Type, Technology, Application - Global Forecast to 2026

Wood Adhesives Market: Global Forecast until 2026

  • December 2016
  • 147 pages
  • ID: 4507365
In this report:
THIS SEGMENT IS PROJECTED TO REGISTER A CAGR OF ##.##% BETWEEN 2016 AND 2021, IN TERMS OF VALUE, AND IS EXPECTED TO CONTINUE ITS LEADING POSITION UNTIL 2021 WITH A MARKET SHARE OF ##.##%.
MALAYSIA IS THE TENTH-LARGEST FURNITURE EXPORTER IN THE WORLD AND IT EXPORTS AROUND ##% OF ITS FURNITURE PRODUCED, ACCORDING TO THE MALAYSIAN INTERNATIONAL FURNITURE FAIR (MIFF) IN 2015.

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"The overall wood adhesives market is estimated to rise at a compound annual growth rate of ~3.1 percent from 2016 to 2026"

The overall wood adhesives market is estimated to grow ~$5.2B by 2026, at a compound annual growth rate (CAGR) of ~3.1 percent from 2016 to 2026. Increase in this sector is essentially attributed to the expansion of the construction industry, growing urban population, recovery of the overall economy, and increase in the furniture sector. Nevertheless, the inclination of the furniture market towards the adoption of fiberboard and metal for manufacturing home furniture is acting as a restraint to the rise of the overall wood adhesives market.

"The furniture segment is the quickest-increasing application segment of the overall wood adhesives market"

The furniture application segment is expected to grow at the highest compound annual growth rate (CAGR) from 2016 to 2026 both, in terms of value importance and quantity. The furniture sector comprises exterior and interior furniture including tables, beds, chairs, cupboards, and other products. Additionally, the construction of new houses and renovation & remodeling activities has also increased over the past few years. This has further increased the sales of new furniture as well as the repair & maintenance of old furniture, thereby propelling the increase of the overall wood adhesives market.

"Increasing demand from Asia Pacific (APAC) is a main driver for the wood adhesives market"

The Asia Pacific (APAC) area led the overall wood adhesives market, in terms of quantity, in 2015. China (CN) and Japan (JP) are the two main industries for wood adhesives in this zone. Increase in the number of residential and commercial buildings and quick urbanization in China (CN) and India (IN) are forecasted to drive the furniture and woodworking sectors in this area, thereby resulting in a strong demand for wood adhesives.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were performed.

The break-up of the primary interviews is presented below:

- By Company Type - Tier 1 - 46.0 percent, Tier 2 - 27.0 percent, and Others - 27.0 percent

- By Designation - C-level - 36.0 percent, Director-level - 18.0 percent, and Others - 46.0 percent

- By area - North america (NA) - 37.0 percent, Europe - 36.0 percent, Asia-Pacific - 18.0 percent, South America & Middle East and Africa - 9.0 percent

Key firms decribed in this research report contain Henkel AG & Co (ETR:HEN), 3M Company (NYSE:MMM), Bostik SA, HB Fuller (NYSE:FUL), Sika (VTX:SIK), Ashland, and AkzoNobel (AKZA), among others.

Segment Research

The study includes the overall wood adhesives market and its application across various industry verticals and localities. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including resin type, technology, application, and area. Moreover, the analysis also comprises an detailed competitive study of main actors in the sector together with their company descriptions, SWOT study, latest developments, and key industries strategies.

Why acquiring this study can help you

The industry report will facilitate the market top players/new sector entrants by providing them the closest approximations of revenues for the global wood adhesives market and its sub-segments. This industry report will facilitate partners to better find out the competitor overview and gain insights to position their businesses, and formulate industry strategies. The study will also assist partners comprehend the pulse of the sector and acquire info on main market drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on wood adhesives provided by key players in the overall wood adhesives market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the overall wood adhesives market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the industries for wood adhesives across different regions

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall wood adhesives market

- Opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the overall wood adhesives market

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