Global Wood adhesives and Binder Market: Snapshot

Owing to the vast number of uses that wood adhesives and binders provide with regard to adhesives, the wood adhesives and binders market is anticipated to have major growth rates in the years to come. Because of the rising trend of using wooden furniture that adds class to the standard of living, wood adhesives and bindings are likely to grow rapidly. Where wood adhesives bond or adhere to surfaces made of wood, binders draws or holds the materials together forming a cohesive whole.

A number of industrial applications like doors, flooring, cabinets, windows and furniture, widely use binders for various purposes. The excellent and long lasting bond that both binders and wood adhesives offers along with temperature resistance and chemical durability may be among the key factors to increase the demand for wood adhesives and binders market in the forecast period.

Wood adhesives are available in both synthetic and natural varieties. Manufacturers are putting more focus on the production of new product varieties with low content of volatile organic compounds (VOCs). The production of VOCs have increased considerably in order to promote environment protection by the use of less harmful chemicals. The regulatory authorities have also laid down stringent rules against the use of harmful chemicals. This in turn has increased the overall demand for wood adhesives and binders in the global market.

The global wood adhesive and binder market is presumed to be worth US$17.77 bn by 2020 with an impressive CAGR.

Furniture Construction Contributing More Revenue Generation Owing to Population Rise

Based on segmentation by product, the global wood adhesives and binders market is categorized into Isocyanates, Urea-formaldehyde, Soy-based, Melamine-urea-formaldehyde, and Phenol-formaldehyde wood adhesives and binders.

On the basis of application, the global wood adhesive and binders market is segmented into Flooring and plywood, Furniture and subcomponents, Cabinet, and Windows and doors applications. The use of wood adhesives and binders is widely seen in construction and furniture industries. The construction market is estimated to increase during the forecast period, hence boosting the demand for wood adhesives and binders.

Asia Pacific to Lead Market With Increasing Construction in Developing Nations

The global wood adhesives and binders market is studied on the basis of key geographies Europe, Asia Pacific, North America and The Rest of the World. Due to the growing population in developing nations, there is requirement for residential facilities. This is turn propels the infrastructure and construction market, which is likely to boost further demand for wood adhesives and binders market. Among the regions, Asia Pacific is anticipated to be growing significantly due to the presence of developing countries like China, Japan and India in the years to come.

Some of the key players in the global wood adhesives and binders market are Dow Chemical Company, Huntsman Corporation, 3M Company, and Avery Dennison Corporation. To further fuel the demand for wood adhesives and binders in developing regions, manufacturing companies and interior designers are introducing new type of furniture into the market to attract consumer’s attention for home as well as office decorations like space saving loft beds, accent chairs, kitchen bar stools, outdoor chairs for patio and garden, and sculpture chairs that also acts as artistic center pieces. These various options not only attract consumers and inspire them to have a better lifestyle but also proves to be beneficiary for both construction and furniture market all at once.

Growth in the construction industry is expected to boost the demand for wood products. This would lead to growth in demand for wood adhesives and binders, especially for structural bonding applications. However, volatile feedstock prices for petroleum-based wood adhesives and binders and regulations on chemicals emitting volatile organic compounds (VOCs) are expected to hamper the growth of the wood adhesives and binders market. Extensive research, especially on bio-based chemistries, and new product development with low VOC emissions is expected to provide growth opportunities in the near future. 

 

This report provides a detailed description of the global wood adhesives and binders market based on volume share (kilo tons) and revenue (USD million) for the period from 2014 to 2020. The report highlights the factors contributing to the growth of the market. It also covers restraints that impede market growth. Detailed forecasts for the years 2014 to 2020 for wood adhesives and binders have been given separately for better understanding of the market scenario. The wood adhesives and binders market is described with respect to various segments along with the opportunities that are expected in the next six years.

 

For geographic analysis, the global wood adhesives and binders market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World. The wood adhesives and binders market has been segmented based on the following product types:  Urea-formaldehyde, melamine-urea-formaldehyde, phenol-formaldehyde, isocyanates, soy-based and others. The study also analyzes market attractiveness for all product segments of wood adhesives and binders with the help of the market attractiveness tool. Additionally, average global historical prices for the period between 2004 and 2013 have been provided for each of the products mentioned above.  

 

The study segments the market on the basis of applications into cabinets, flooring & plywood, furniture & subcomponents, windows & doors, and other applications. The study provides forecasts and estimates for each application segment in terms of revenue and volume during the forecast period from 2014 to 2020. 

 

For a more comprehensive view of the market, a value chain analysis, raw material analysis and Porter’s five forces model is provided to understand the specifics of the industry structure besides giving an overview of the degree of competitiveness. The report also includes detailed profiles of key players such as 3M Company, HB Fuller, Henkel AG, BASF SE, Bostik SA, Huntsman Corporation, the Dow Chemical Company, Adhesive Research Inc., Avery Dennison Corporation and Ashland, Inc. Detailed description of players includes parameters such as company overview, financial overview, business strategies, SWOT analysis and recent developments of the company.

 

Certain assumptions were made in order to manage the scope of the research. Inflation is not a part of pricing in this report. Prices of wood adhesives and binders vary in each region. Different end-users use different types of products, thus pricing for each application varies according to region while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down the market by product types in each region. All prices accounted in the report reflect average free-on-board (FOB) prices.

 

The report segments the global wood adhesives and binders market as:

  • Wood Adhesives and Binders Market – Product Segment Analysis
    • Urea-formaldehyde (UF)
    • Melamine-urea-formaldehyde (MUF)
    • Phenol-formaldehyde (PF)
    • Isocyanates (MDI, TDI, HDI)
    • Soy based
    • Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate (EVA)
  • Wood Adhesives and Binders Market – Application Analysis
    • Cabinets
    • Flooring & plywood
    • Furniture & subcomponents
    • Windows & doors
    • Others (Including do-it-yourself consumer products and crafts)
  • Wood Adhesives and Binders Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World
.