Market Size of Wood Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Wood Adhesives Market Analysis
The wood adhesives market is expected to register a CAGR of more than 4% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to reach pre-pandemic levels and is expected to grow steadily.
- Due to the increasing construction activity, the wood adhesives market is expected to grow during the forecast period.
- On the other hand, volatility in the price of raw materials is expected to hinder the market during the forecast period.
- Developing eco-friendly adhesives is expected to provide an opportunity for the market in the coming years.
- Asia-Pacific dominated the global market with the most significant consumption from countries such as China, India, and Japan.
Wood Adhesives Industry Segmentation
Wood adhesives are polymeric compounds capable of reacting with the surface of the wood in such a way that stresses are passed between bonded elements. Wood adhesives manufacture windows, doors, furniture, wooden flooring, and others. The wood adhesives market is segmented by resin type, technology, application, and geography. By resin type, the market is segmented into natural and synthetic. By technology, the market is segmented into solvent-based, water-based, and other technologies. By application, the market is segmented into furniture, plywood, cabinets, doors, windows, and other applications. The report also covers the market size and forecasts in 15 countries across major regions. Market sizing and forecasts are based on each segment's revenue (USD million).
| Resin Type | |
| Natural | |
| Synthetic |
| Technology | |
| Solvent-based | |
| Water-based | |
| Other Technologies |
| Application | |
| Furniture | |
| Plywood | |
| Cabinets | |
| Doors and Windows | |
| Other Applications |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Wood Adhesives Market Size Summary
The wood adhesives market is poised for steady growth, driven by increasing construction activities globally. Despite the initial setbacks caused by the COVID-19 pandemic, the market is on track to recover to pre-pandemic levels. The demand for wood adhesives is primarily fueled by the expanding construction sector, particularly in the Asia-Pacific region, where countries like China, India, and Japan are witnessing significant growth in residential and commercial building projects. However, the market faces challenges due to the volatility in raw material prices. Nonetheless, the development of eco-friendly adhesives presents a promising opportunity for future market expansion.
The Asia-Pacific region is expected to maintain its dominance in the wood adhesives market, supported by the presence of major producers and the rising demand from various applications such as flooring, plywood, and furniture. Key players in the market, including 3M, Sika AG, and Henkel AG & Co. KGaA, are actively investing in innovations and expansions to enhance their market presence. Government initiatives and urbanization trends further bolster the demand for wood adhesives, particularly in India and China, where substantial investments in housing and infrastructure are underway. These factors collectively contribute to the anticipated growth of the wood adhesives market over the forecast period.
Wood Adhesives Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Demand from the Growing Construction Activity
-
1.1.2 Other Drivers
-
-
1.2 Restraints
-
1.2.1 Volatility in the Price of Raw Materials
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Value)
-
2.1 Resin Type
-
2.1.1 Natural
-
2.1.2 Synthetic
-
-
2.2 Technology
-
2.2.1 Solvent-based
-
2.2.2 Water-based
-
2.2.3 Other Technologies
-
-
2.3 Application
-
2.3.1 Furniture
-
2.3.2 Plywood
-
2.3.3 Cabinets
-
2.3.4 Doors and Windows
-
2.3.5 Other Applications
-
-
2.4 Geography
-
2.4.1 Asia-Pacific
-
2.4.1.1 China
-
2.4.1.2 India
-
2.4.1.3 Japan
-
2.4.1.4 South Korea
-
2.4.1.5 Rest of Asia-Pacific
-
-
2.4.2 North America
-
2.4.2.1 United States
-
2.4.2.2 Canada
-
2.4.2.3 Mexico
-
-
2.4.3 Europe
-
2.4.3.1 Germany
-
2.4.3.2 United Kingdom
-
2.4.3.3 France
-
2.4.3.4 Italy
-
2.4.3.5 Rest of Europe
-
-
2.4.4 South America
-
2.4.4.1 Brazil
-
2.4.4.2 Argentina
-
2.4.4.3 Rest of South America
-
-
2.4.5 Middle East & Africa
-
2.4.5.1 Saudi Arabia
-
2.4.5.2 South Africa
-
2.4.5.3 Rest of Middle East and Africa
-
-
-
Wood Adhesives Market Size FAQs
What is the current Wood Adhesives Market size?
The Wood Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Wood Adhesives Market?
3M, Sika AG , Henkel AG & Co. KGaA, Pidilite Industries Ltd and Jubilant Industries Ltd are the major companies operating in the Wood Adhesives Market.
