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)

Published In : Sep 2023
Code : CMI5016
Pages :160
Formats :
Excel and PDF
Industry : Polymers and Resins

Wood Adhesives MarketSize and Trends

The global wood adhesives market is expected to surpass US$ 20.84 Billion by the end of 2030 in terms of revenue, exhibiting a CAGR of 8.3% during the forecast period (2023 to 2030).

Market Trends

Adhesives made from natural resins boost the market: Natural resin adhesives are becoming more popular as a result of the global trend toward sustainable development and technological advancements.High-molecular-weight, biocompatible, biodegradable polymers with natural content are used in natural resin-based adhesives. They have significant bonding capabilities and could be used in both industrial and high-tech commercial applications. Research&Development activities will be focused on biotechnology developments to increase the usage of bio-based goods and natural resource-based materials and be authenticated to various demonstration levels. This will increase the demand for natural products in different end-use industries. The potential use of animal- and plant-based resources in the manufacturing of adhesives is creating value in various industries by facilitating biodegradable products.