The global wood adhesives market is projected to reach USD 5.24 billion by 2026, at a CAGR of 3.10% from 2016 to 2026 due to growth in this market is mainly attributed to the expansion of the construction industry, increasing urban population, recovery of the global economy, and growth in the furniture industry.
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Growth in this market is mainly attributed to the expansion of the construction industry, increasing urban population, recovery of the global economy, and growth in the furniture industry. However, the inclination of the furniture industry towards the adoption of fiberboard and metal for manufacturing home furniture is acting as a restraint to the growth of the global wood adhesives market.
The furniture application segment is projected to grow at the highest CAGR from 2016 to 2026 both, in terms of value and volume. The furniture industry comprises exterior and interior furniture such as tables, beds, chairs, cupboards, and other products.
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Complete report on Wood Adhesives Market spread across 145 pages, profiling 10 companies and supported with 86 tables and 54 figures is now available at www.rnrmarketresearch.com/wood-adhesives-market-by-resin-type-natural-synthetic-technology-solvent-based-water-based-solventless-application-flooring-decks-plywood-furniture-cabinet-particle-board-windows-doors-global-st-to-2026-market-report.html
The Asia-Pacific region led the global wood adhesives market, in terms of volume, in 2015. China and Japan are the two major markets for wood adhesives in this region.
Rise in the number of residential and commercial buildings and rapid urbanization in China and India are projected to drive the furniture and woodworking markets in this region, thereby resulting in a high demand for wood adhesives.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted.
Study on Wood Adhesives, has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (46%); Tier 2 (27%) and other (27%) companies were contacted for interviews.
The interviews were conducted on Wood Adhesives with various key people such as C level (36%), Director Level (18%) and other (46%) from various key organizations.
The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (36%), Asia-Pacific (18%), South America & Middle East and Africa (9%).
Key companies profiled in this market research report include Henkel AG & Co. KGaA (Germany), 3M Company (U.S.), Bostik SA (France), H.B.
Fuller (U.S.), Sika AG (Switzerland), Ashland Inc. (U.S.), and Akzo Nobel N.V. (Netherlands), among others.
The report covers the global wood adhesives market and its application across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as resin type, technology, application, and region.
Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Reasons to access the Report
The report will help the market leaders/new entrants by providing them the closest approximations of revenues for the overall wood adhesives market and its sub segments. This report will help stakeholders to better understand the competitor landscape and gain insights to position their businesses, and formulate market strategies.
The report will also help stakeholders understand the pulse of the market and acquire information on key market drivers, restraints, challenges, and opportunities.
On a related note, another research titled Report: Glass Bonding Adhesives Market by Type (UV Curable Cyanoacrylate, Silicone, UV Curable Epoxy, Polyurethane), End-Use Industry (Furniture, Electronics, Medical, Transportation, Industrial Assembly), and Region - Global Forecast to 2021 detail such as The global glass bonding adhesives market is projected to reach USD 1.76 billion by 2021 at a CAGR of 7.4%. The growth is driven by the increasing investments in new manufacturing plants in the automotive, rail, aerospace, wind, infrastructure development industries, and structural projects.
This growth is further driven by a rise in demand for high-performance, high-quality glass bonding adhesives from end-user industries, such as electronics, transportation, and furniture.
Now available at www.rnrmarketresearch.com/glass-bonding-adhesives-market-by-type-uv-curable-cyanoacrylate-silicone-uv-curable-epoxy-polyurethane-end-use-industry-furniture-electronics-medical-transportation-industrial-assembly-and-region-glob-st-to-2021-market-report.html .
The report provides insights on the following pointers:
- Market Penetration:Comprehensive information on wood adhesives offered by top players in the global wood adhesives market
- Product Development/Innovation:Detailed insights on upcoming technologies, research & development activities, and new product launches in the global wood adhesives market
- Market Development:Comprehensive information about lucrative emerging markets – the report analyzes the markets for wood adhesives across varied regions
- Market Diversification:Exhaustive information about new products, untapped geographies, recent developments, and investments in the global wood adhesives market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the global wood adhesives market.
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