WOOD ADHESIVES MARKET ANALYSIS

Wood Adhesives Market, By Product Type (Mechanical, Urea-formaldehyde (UF) & Melamine urea-formaldehyde (MUF), Phenol-formaldehyde, Epoxy, Polyurethane, Polyvinyl acetate (PVA), Others (Soy Based, etc.)), By Technology (Solvent-based, Water-based, Others (solvent less, etc.)), By End User (Furniture, Flooring, Housing Components, Doors & Windows, Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Key development

In January 2023, Sika has launched MB EZ Rapid, a one-component, quick-drying moisture barrier, adhesive substrate sealer for the installation of all residential and commercial floor coverings. Sika MB EZ Rapid is suitable for plywood, concrete, plaster and old cutting
In February 2023, Sika extended its engagement with Innosuisse, the Swiss Innovation Agency, a body established by public legislation, in order to develop science-based innovation for the benefit of industry and society. Sika increased its joint research on wood-concrete composite elements for creative and sustainable hybrid structures for the building sector following the successful testing of hybrid precast elements to reduce the quantity of concrete used in industrial construction.
In October 2021, Araldite, with the introduction of "Araldite Carpenter," entered the wood glue market. The launch is directed at the general public, contractors, and carpenters, who are the product's intended users.
In September 2021, Henkel, a German conglomerate, quietly increased its influence in adhesives. While Pidilite is best known for consumer-oriented names such as Fevikwik and Fevicol, Henkel is strong in the industrial adhesives area, providing solutions to industries such as automotive, metals, packaging, and aerospace.