Materials & Chemicals Market Research News

Research report explores the synthetic wood adhesive market that is intensifying at a CAGR of 6.0% from 2017 to 2025

Materials & Chemicals Research

Wood adhesives are used to tightly bond pieces of wood together. The application of wood adhesives can include a number of methods such as using a spray, roller coating, doctor blade, a curtain coater, bead application technologies.

Since wood tends to shrink by emitting moisture and swell by absorbing dampness, dimensional changes tend to impart stress on the joints of glued items. The higher the weight, the stronger the glue joints should be to alleviate or avoid bond failure, demonstrating the need for higher quality and stronger glue in accordance with the thickness and shrinkage capability of the substrate.

Fortifying perspectives in regards to sustainability has likewise been a key driving factor, with furniture makers attempting to optimize their production processes and meet energy efficiency standards.

The increasing consciousness concerning resource conservation has also driven demand in several industries, in a shift away from conventional bonding materials. In terms of revenue, the India Synthetic Wood Adhesive Market was valued at US$ 166.79 Mn in 2016 and is anticipated to reach US$ 280.14 Mn by 2025, intensifying at a CAGR of 6.0% from 2017 to 2025.

Furthermore, in terms of volume, the market was valued at 114.5 tons in 2016 and is expected to reach 172.2 tons by 2025, expanding at a CAGR of 4.7% from 2017 to 2025.

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The India Synthetic Wood Adhesive Market is enhanced by factors such as:

  • Growth of housing market.
  • Acceptance of modular kitchen.
  • Increasing demand for bio-based wood adhesives.

Based on resin type, Urea-formaldehyde (UF) and melamine urea-formaldehyde (MUF) segments together appeared as the foremost product categories, accounting for over 70% of the total volume in 2015. UF resins polymerize into enduringly interlinked networks which are influential in the strength of the cured adhesives, driving their demand in applications such as particleboards, plywood, and other bonding.

On the basis of application, the flooring & decks and plywood segments are the leading application segments accounting for most of the market share and are expected to witness sturdy growth within the forecast period. This can be attributed to the increased remodeling and infrastructure development activities across the globe.

Growing spending on construction and increase in demand for luxurious and comfortable flooring has resulted in segment growth.

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Windows & doors are also expected to remain a dominant segment, as construction spending increases across the globe. Window films are also being manufactured to provide UV filtration in commercial & residential buildings.

The product allows optimum thickness control while manufacturing such films, which is estimated to contribute to higher consumption over the forecast period.

Some of the significant players functioning in the India Synthetic Wood Adhesive Market include BASF SE, 3M Company, Akzonobel N.V., Amar Décor, Anabond Limited, Ashland Inc., Asian Paints Limited, Astra Chemtech Private Limited, Berger Paints, Bluecoat Pvt. Ltd., Bostik SA, H.B. Fuller, Henkel AG & Co.

KGaA, Hindustan Adhesives Limited, Huntsman International LLC., Jubilant Industries, Kansai Nerolac Paints Limited, Pidilite Industries Limited, Royal Bond, Royal DSM, Sika AG, The Dow Chemical Company, Zeneses Industries Inc., and so on.

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