WOOD ADHESIVES AND BINDERS MARKET ANALYSIS

Market News

Key Developments:

• In September 2019, Bostik and Nitta Geletin Inc. started the construction of the new Adhesives plant in Nara, Japan. The adhesives plant will mainly serve industrial applications and non-woven market. The facility is set to come on-stream by year 2020 and mainly serve the domestic market.
• In April 2019, HB Fuller launched a new series of Adhesives – Rakoll 4933 – a formaldehyde free water adhesive and Rakoll 5010 – a low monomer hot melt adhesive for flooring and furniture applications. The new series of adhesives developed by the company will expand its current adhesives portfolio.
• In November 2017, an Arkema group company – Bostik opened a new adhesives plant in Gujarat, India.  The new adhesives facility will serve the growing demand from the industrial sectors such as flexible lamination, footwear production and transportation.
• Arkema launched a new rapid setting wood adhesive – Evo-stick in the first half of 2017, which provides 40% faster adhesion than the conventional wood adhesives. New innovations in the research and development of wood adhesives will drive the growth of wood adhesives and binders market globally.