Materials & Chemicals Market Research News

New report examines the wood adhesives market forecast to 2026

Materials & Chemicals Research

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. 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. 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.

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Browse Sample Papers of “Wood Adhesives Market “spread across 145 Pages, Profiling 7 Companies and Supported with 86 Tables and 54 Figures is now available at: www.reportsnreports.com/contacts/r….aspx?name=786000

“The global wood adhesives market is projected to grow at a CAGR of 3.10% from 2016 to 2026”

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. 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 fibre board and metal for manufacturing home furniture is acting as a restraint to the growth of the global wood adhesives market.

Key companies profiled in this market research report include Henkel AG & Co.

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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.

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“The furniture segment is the fastest-growing application segment 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.

In addition, the construction of new houses and renovation & remodelling 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 growth of the global wood adhesives market.

“Rising demand from Asia-Pacific is a major driver for the wood adhesives market“

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.

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In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

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

  • By Company Type- Tier 1 - 46%, Tier 2 – 27%, and Others - 27%
  • By Designation– C-level – 36%, Director-level - 18%, and Others - 46%
  • By Region- North America - 37%, Europe - 36%, Asia-Pacific - 18%, South America & Middle East and Africa – 9%

Premium Insights

1 Attractive Opportunities in the Wood Adhesives Market
2 Wood Adhesives Market – Major Resin Types
3 Wood Adhesives Market in the Asia-Pacific Region
4 Asia-Pacific to Be the Fastest-Growing Wood Adhesives Market, 2016–2021
5 Emerging Markets are Estimated to Grow at A Faster Rate Than Mature Markets

 Macro Economic Overview and Key Trends

1 Introduction
2 Trends and Forecast of GDP
3 Trends and Forecast of the Construction Industry
3.1 Trends and Forecast of the Construction Industry in North America
3.2 Trends and Forecast of the Construction Industry in Europe
3.3 Trends and Forecast of the Construction Industry in Asia-Pacific
3.4 Trends and Forecast of the Construction Industry in Middle East & Africa
3.5 Trends and Forecast of the Construction Industry in South America

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Key benefits of getting the report:

This research report is focused on various levels of analysis—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the stain resistant coatings market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

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