Wood Adhesives and Binder Market, By Product Types (Urea-Formaldehyde, Phenol-Formaldehyde, Soy-Based, Melamine-Urea-Formaldehyde, Isocyanates and Others), By Application and by Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) Analysis, Share, Trends, Size, & Forecast from 2019 2025
REPORT HIGHLIGHT
The Wood Adhesives and Binder market was valued at USD 15.62 billion by 2018, growing with 4.1% CAGR during the forecast period, 2019-2025.
Wood adhesives and binder products are fossil-based resources, mainly contain formaldehyde to develop sufficient reactivity as well as adhesive performance. These are essential products for furniture, floorings and construction sectors. The worldwide wood adhesives and binder industry are projected to witness brisk growth over the study period owing to the increase in construction activities. With a rise in industrialization and urbanization, the demand for wood adhesives and binder products is projected to increase significantly.
Rapid industrialization and urbanization have led to the increase in construction activities for residential & commercial structures. Need to advance the construction economies and quality is presumed to propel the industry growth. On the contrary, volatile raw materials and crude oil impact the profit margin and thus are estimated to hamper the industry growth over the eight-year period. Raw materials for this industry include melamine, formaldehyde, urea, soy-meal, phenol, benzene and others. Additionally, stringent environmental regulations have a negative impact on the market as these regulations act against chemicals emitting VOC (volatile organic compounds). Bio-based adhesives development & commercialization and NCC (Nanocrystalline Cellulose) introduction as an additive used in these binders is likely to open new opportunities for the industry participants.
Segment Takeaway
Depending upon product types, the market is segmented into urea-formaldehyde, phenol-formaldehyde, soy-based, melamine-urea-formaldehyde, isocyanates and others. Several applications for wood adhesives and binders market include furniture, cabinets, flooring and windows & doors. In the non-residential sector, these binders are used in hotels, warehouse, retail construction, manufacturing building, and office premises.
Regional Takeaways
Key regional markets include North America, Europe, Central & South America, Middle East & Africa, and the Asia Pacific. Regions such as the Asia Pacific have the highest penetration in the global market owing to high urbanization in the recent past. Governments are taking favorable initiatives to have advanced infrastructure development in emerging economies such as China, India, Mexico, and Brazil, thus is expected to propel the growth for wood adhesives and binders market. Emerging economies such as India and China has accounted for major market growth over the next eight-year period.
Also, the rise in disposable income along with strong economic policies in the developing regions are expected to cater to the residential and non-residential sector growth. Thus, the need of wood for the windows and doors construction is expected to increase the demand for these binders. Developed regions such as North America and Europe are estimated to observe positive growth in the industry owing to huge investment in infrastructure development and construction.
Key Vendors Takeaway
Prominent industry participants include 3M Company, Sika Group, Adhesive Research, Inc., Tikkurila Oyj, Atwood Adhesives, AGM Adhesives, BASF SE, Ashland, Inc., Blair Adhesives, Huntsman, Bostik, Brown Wood, Dow Chemical Corporation, Henkel, Industrial Wood, Macco Adhesives, and Royal Adhesives.
Industry participants are investing in product innovation and research & development initiatives to gain a competitive advantage over other players. Market vendors are focusing on increasing their customer base with the strategies such as new product exhibitions and launches.”
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 to 2017
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT TYPES
- Urea-Formaldehyde
- Phenol-Formaldehyde
- Soy-Based
- Melamine-Urea-Formaldehyde
- Isocyanates
- Others
MARKET, BY APPLICATION
- Residential
- Commercial
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. WOOD ADHESIVES AND BINDER MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product Types
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. WOOD ADHESIVES AND BINDER KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. WOOD ADHESIVES AND BINDER INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. WOOD ADHESIVES AND BINDER MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. WOOD ADHESIVES AND BINDER MARKET – BY PRODUCT TYPES
6.1. Overview
6.1.1. Segment Share Analysis, By Product Types, 2018 & 2025 (%)
6.2. Urea-Formaldehyde
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Phenol-Formaldehyde
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Soy-Based
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Melamine-Urea-Formaldehyde
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Isocyanates
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.7. Others
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. WOOD ADHESIVES AND BINDER MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2018 & 2025 (%)
7.2. Residential
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Commercial
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. WOOD ADHESIVES AND BINDER MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2018 & 2025 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4. North America Market Size and Forecast, By Product Types, 2014 – 2025 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Product Types, 2014 – 2025 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Product Types, 2014 – 2025 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Product Types, 2014 – 2025 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Product Types, 2014 – 2025 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. 3M Company
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Types Benchmarking
9.1.4. Strategic Initiatives
9.2. Sika Group
9.3. Adhesive Research, Inc.
9.4. Tikkurila Oyj
9.5. Atwood Adhesives
9.6. AGM Adhesives
9.7. BASF SE
9.8. Ashland, Inc.
9.9. Blair Adhesives
9.10. Huntsman
9.11. Bostik
9.12. Brown Wood
9.13. Dow Chemical Corporation
9.14. Henkel
9.15. Industrial Wood
9.16. Macco Adhesives
9.17. Royal Adhesives
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Wood Adhesives and Binder market: Product Types snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product Types
TABLE Global Wood Adhesives and Binder market, by Product Types 2014-2025 (USD Million)
TABLE Wood Adhesives and Binder market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Wood Adhesives and Binder market, by Application 2014-2025 (USD Million)
fTABLE Wood Adhesives and Binder market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Wood Adhesives and Binder market, by Region 2014-2025 (USD Million)
TABLE North America Wood Adhesives and Binder market, by Country, 2014-2025 (USD Million)
TABLE North America Wood Adhesives and Binder market, by Product Types, 2014-2025 (USD Million)
TABLE North America Wood Adhesives and Binder market, by Application, 2014-2025 (USD Million)
TABLE Europe Wood Adhesives and Binder market, by country, 2014-2025 (USD Million)
TABLE Europe Wood Adhesives and Binder market, by Product Types, 2014-2025 (USD Million)
TABLE Europe Wood Adhesives and Binder market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Wood Adhesives and Binder market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Wood Adhesives and Binder market, by Product Types, 2014-2025 (USD Million)
TABLE Asia Pacific Wood Adhesives and Binder market, by Application, 2014-2025 (USD Million)
TABLE Latin America Wood Adhesives and Binder market, by country, 2014-2025 (USD Million)
TABLE Latin America Wood Adhesives and Binder market, by Product Types, 2014-2025 (USD Million)
TABLE Latin America Wood Adhesives and Binder market, by Application, 2014-2025 (USD Million)
TABLE Middle East and Africa Wood Adhesives and Binder market, by country, 2014-2025 (USD Million)
TABLE Middle East and Africa Wood Adhesives and Binder market, by Product Types, 2014-2025 (USD Million)
TABLE Middle East and Africa Wood Adhesives and Binder market, by Application, 2014-2025 (USD Million)
List of Figures
FIGURE Wood Adhesives and Binder market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product Types segment market share analysis, 2018 & 2025
FIGURE Product Types segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Urea-Formaldehyde market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Phenol-Formaldehyde market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Soy-Based market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Melamine-Urea-Formaldehyde market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Isocyanates market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2018 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Residential Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Commercial Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others Application market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2018 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Wood Adhesives and Binder market share and leading players, 2018
FIGURE Europe Wood Adhesives and Binder market share and leading players, 2018
FIGURE Asia Pacific Wood Adhesives and Binder market share and leading players, 2018
FIGURE Latin America Wood Adhesives and Binder market share and leading players, 2018
FIGURE Middle East and Africa Wood Adhesives and Binder market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Spain market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Italy market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE UK market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE France market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Japan market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE South Korea market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Singapore market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of APAC market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market share analysis by country, 2018
FIGURE Brazil market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mexico market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Argentina market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of LATAM market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market share analysis by country, 2018
FIGURE Saudi Arabia market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE United Arab Emirates market size, forecast and trend analysis, 2014 to 2025 (USD Million)
