세계의 목재용 접착제 시장 : 유형별, 용도별-기회 분석 및 산업 예측(2023-2032년)

The wood adhesive market was valued at $4.5 billion in 2022 and is projected to reach $7.9 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.

Wood adhesives are specialized bonding agents used to join wooden materials together. They play a vital role in various industries such as construction, furniture manufacturing, and woodworking. Wood adhesives come in different formulations to suit specific applications, offering strong and durable bonds between wood components. They contribute to the structural integrity, stability, and aesthetic appeal of finished wood products. As essential components in woodworking and manufacturing processes, wood adhesives enable the creation of diverse wooden structures and products.

Increasing Preference for Engineered Wood Products

The preference for engineered wood products (EWPs) such as plywood, particleboard, and medium-density fiberboard (MDF) has surged in recent years, which, in turn, is expected to drive the demand for wood adhesives. Engineered wood offers numerous advantages over traditional solid wood, including cost-effectiveness, dimensional stability, and improved strength-to-weight ratios. As a result, it has become a popular choice in construction, furniture manufacturing, and interior design applications. The expanding construction industry is expected to increase demand for engineered wood products. For instance, according to the International Trade Administration, overall investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) will reach $4.2 trillion. The new plan emphasized 9 key items for energy efficiency and green building development; it also calls for retrofitting of over 350 million square meters of buildings and the construction of over 50 million square meters of net zero energy consumption buildings.

However, the production of engineered wood products heavily relies on reliable adhesives to bond wood particles or veneers together into strong, durable panels or boards. Adhesives play a critical role in ensuring the structural integrity and performance of EWPs by providing cohesive strength between individual wood components. They also contribute to the dimensional stability and moisture resistance of the final product, crucial factors for applications in diverse environments. The growing demand for engineered wood products directly translates to an increased need for high-quality wood adhesives. Manufacturers in the wood adhesive market have responded by developing specialized formulations tailored to the requirements of different types of engineered wood products. These adhesives offer strong bonds, excellent durability, and compliance with regulatory standards, thus supporting the continued adoption of EWPs across various industries.

Competition from Alternative Materials

The wood adhesives market faces competition from alternative bonding methods and materials, such as mechanical fasteners (e.g., nails and screws) and composite materials (e.g., fiberglass and carbon fiber). These alternatives offer distinct advantages that may hinder the market growth of wood adhesives in certain applications. Mechanical fasteners provide immediate and visible connections, offering simplicity and ease of installation compared to adhesives, especially in construction and woodworking projects where quick assembly is essential. Moreover, mechanical fasteners can be easily removed or adjusted, providing flexibility during construction or repair activities.

Composite materials offer superior strength-to-weight ratios and specific mechanical properties tailored to meet the requirements of diverse applications, including aerospace, automotive, and marine industries. These materials often replace traditional wood in structural components where lightweight, high-strength materials are preferred. However, despite these advantages, wood adhesives remain indispensable in many applications due to their ability to provide seamless bonding, distribute stress evenly, and enhance the aesthetic appeal of finished products. Furthermore, ongoing advancements in adhesive technology, such as the development of high-performance formulations and eco-friendly options, contribute to maintaining the competitiveness of wood adhesives against alternative materials.

Growing Demand for Eco-friendly Solutions

The growing demand for eco-friendly wood adhesive solutions arises from heightened environmental awareness and regulatory pressures regarding the impact of traditional adhesives on human health and the environment. As consumers and industries prioritize sustainability, there is an increasing preference for products that minimize emissions of volatile organic compounds (VOCs) and hazardous chemicals associated with conventional adhesives. Manufacturers have an opportunity to capitalize on this trend by developing and marketing eco-friendly wood adhesive formulations that address these concerns. These formulations typically feature low levels of formaldehyde and other harmful substances, reducing indoor air pollution and improving indoor air quality in residential, commercial, and institutional buildings.

Furthermore, sustainable sourcing practices, such as using renewable raw materials and reducing carbon footprint, contribute to the eco-friendliness of wood adhesive products. Manufacturers are focusing on launching and developing eco-friendly wood adhesive products. For instance, in November 2023, Henkel AG & Co. KGaA developed with bio-based materials, the new Loctite engineered wood adhesives, HB S ECO and CR 821 ECO, that reduce CO2 emissions by more than 60% compared to fossil-based alternatives. In addition, eco-friendly wood adhesive formulations align with increasingly stringent regulations and certifications related to environmental protection and product safety. Adhering to these standards not only ensures compliance but also enhances brand reputation and market competitiveness.

Moreover, the demand for eco-friendly wood adhesive solutions extends beyond regulatory compliance to meet the preferences of environmentally conscious consumers and industries. By offering sustainable and socially responsible products, manufacturers can attract and retain customers, differentiate themselves in the market, and tap into new growth opportunities driven by the green economy. Overall, the development and marketing of eco-friendly wood adhesive formulations represents a strategic opportunity for manufacturers to meet evolving market demands, achieve sustainability goals, and contribute to a healthier planet.

The global wood adhesive market is segmented on the basis of product, application, and region. By product, the market is divided into urea formaldehyde, melamine urea formaldehyde, phenol-formaldehyde, isocyanates, polyurethane, polyvinyl acetate, soy-based, and others. By application, it is categorized into flooring, furniture, doors and windows, housing components, and others. Region wise, the wood adhesive market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The players operating in the global wood adhesive market are HB Fuller, Henkel AG & Co., KGaA, Bostik SA, 3M, Sika AG, Ashland, Inc., Pidilite Industries Ltd., Jubiulant Industries Ltd., DowDuPont Inc., and Akzo Nobel N.V.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wood adhesives market analysis from 2022 to 2032 to identify the prevailing wood adhesives market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the wood adhesives market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global wood adhesives market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

• Regulatory Guidelines
• Volume Market Size and Forecast

Key Market Segments

By Type

• Urea-formaldehyde (UF)
• Melamine-urea-formaldehyde (MUF)
• Phenol-formaldehyde (PF)
• Isocyanates
• Polyurethane
• Polyvinyl Acetate (PVA)
• Soy-based
• Others

By Application

• Flooring
• Furniture
• Window and Doors
• Housing Components
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players:

• HB Fuller
• Henkel AG & Co. KGaA
• Bostik SA
• 3M
• Sika AG
• Ashland, Inc
• Pidilite Industries Ltd
• Jubiulant Industries Ltd.
• Akzo Nobel N.V.
• DowDuPont Inc.

TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION

• 1.1. Report description
• 1.2. Key market segments
• 1.3. Key benefits to the stakeholders
• 1.4. Research methodology
  • 1.4.1. Primary research
  • 1.4.2. Secondary research
  • 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

• 2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

• 3.1. Market definition and scope
• 3.2. Key findings
  • 3.2.1. Top impacting factors
  • 3.2.2. Top investment pockets
• 3.3. Porter's five forces analysis
• 3.4. Market dynamics
  • 3.4.1. Drivers
  • 3.4.2. Restraints
  • 3.4.3. Opportunities
• 3.5. Value Chain Analysis
• 3.6. Pricing Analysis
• 3.7. Regulatory Guidelines
• 3.8. Key Regulation Analysis
• 3.9. Patent Landscape

CHAPTER 4: WOOD ADHESIVES MARKET, BY TYPE

• 4.1. Overview
  • 4.1.1. Market size and forecast
• 4.2. Urea-formaldehyde (UF)
  • 4.2.1. Key market trends, growth factors and opportunities
  • 4.2.2. Market size and forecast, by region
  • 4.2.3. Market share analysis by country
• 4.3. Melamine-urea-formaldehyde (MUF)
  • 4.3.1. Key market trends, growth factors and opportunities
  • 4.3.2. Market size and forecast, by region
  • 4.3.3. Market share analysis by country
• 4.4. Phenol-formaldehyde (PF)
  • 4.4.1. Key market trends, growth factors and opportunities
  • 4.4.2. Market size and forecast, by region
  • 4.4.3. Market share analysis by country
• 4.5. Isocyanates
  • 4.5.1. Key market trends, growth factors and opportunities
  • 4.5.2. Market size and forecast, by region
  • 4.5.3. Market share analysis by country
• 4.6. Polyurethane
  • 4.6.1. Key market trends, growth factors and opportunities
  • 4.6.2. Market size and forecast, by region
  • 4.6.3. Market share analysis by country
• 4.7. Polyvinyl Acetate (PVA)
  • 4.7.1. Key market trends, growth factors and opportunities
  • 4.7.2. Market size and forecast, by region
  • 4.7.3. Market share analysis by country
• 4.8. Soy-based
  • 4.8.1. Key market trends, growth factors and opportunities
  • 4.8.2. Market size and forecast, by region
  • 4.8.3. Market share analysis by country
• 4.9. Others
  • 4.9.1. Key market trends, growth factors and opportunities
  • 4.9.2. Market size and forecast, by region
  • 4.9.3. Market share analysis by country

CHAPTER 5: WOOD ADHESIVES MARKET, BY APPLICATION

• 5.1. Overview
  • 5.1.1. Market size and forecast
• 5.2. Flooring
  • 5.2.1. Key market trends, growth factors and opportunities
  • 5.2.2. Market size and forecast, by region
  • 5.2.3. Market share analysis by country
• 5.3. Furniture
  • 5.3.1. Key market trends, growth factors and opportunities
  • 5.3.2. Market size and forecast, by region
  • 5.3.3. Market share analysis by country
• 5.4. Window and Doors
  • 5.4.1. Key market trends, growth factors and opportunities
  • 5.4.2. Market size and forecast, by region
  • 5.4.3. Market share analysis by country
• 5.5. Housing Components
  • 5.5.1. Key market trends, growth factors and opportunities
  • 5.5.2. Market size and forecast, by region
  • 5.5.3. Market share analysis by country
• 5.6. Others
  • 5.6.1. Key market trends, growth factors and opportunities
  • 5.6.2. Market size and forecast, by region
  • 5.6.3. Market share analysis by country

CHAPTER 6: WOOD ADHESIVES MARKET, BY REGION

• 6.1. Overview
  • 6.1.1. Market size and forecast By Region
• 6.2. North America
  • 6.2.1. Key market trends, growth factors and opportunities
  • 6.2.2. Market size and forecast, by Type
  • 6.2.3. Market size and forecast, by Application
  • 6.2.4. Market size and forecast, by country
    • 6.2.4.1. U.S.
    • 6.2.4.1.1. Market size and forecast, by Type
    • 6.2.4.1.2. Market size and forecast, by Application
    • 6.2.4.2. Canada
    • 6.2.4.2.1. Market size and forecast, by Type
    • 6.2.4.2.2. Market size and forecast, by Application
    • 6.2.4.3. Mexico
    • 6.2.4.3.1. Market size and forecast, by Type
    • 6.2.4.3.2. Market size and forecast, by Application
• 6.3. Europe
  • 6.3.1. Key market trends, growth factors and opportunities
  • 6.3.2. Market size and forecast, by Type
  • 6.3.3. Market size and forecast, by Application
  • 6.3.4. Market size and forecast, by country
    • 6.3.4.1. Germany
    • 6.3.4.1.1. Market size and forecast, by Type
    • 6.3.4.1.2. Market size and forecast, by Application
    • 6.3.4.2. UK
    • 6.3.4.2.1. Market size and forecast, by Type
    • 6.3.4.2.2. Market size and forecast, by Application
    • 6.3.4.3. France
    • 6.3.4.3.1. Market size and forecast, by Type
    • 6.3.4.3.2. Market size and forecast, by Application
    • 6.3.4.4. Italy
    • 6.3.4.4.1. Market size and forecast, by Type
    • 6.3.4.4.2. Market size and forecast, by Application
    • 6.3.4.5. Spain
    • 6.3.4.5.1. Market size and forecast, by Type
    • 6.3.4.5.2. Market size and forecast, by Application
    • 6.3.4.6. Rest of Europe
    • 6.3.4.6.1. Market size and forecast, by Type
    • 6.3.4.6.2. Market size and forecast, by Application
• 6.4. Asia-Pacific
  • 6.4.1. Key market trends, growth factors and opportunities
  • 6.4.2. Market size and forecast, by Type
  • 6.4.3. Market size and forecast, by Application
  • 6.4.4. Market size and forecast, by country
    • 6.4.4.1. China
    • 6.4.4.1.1. Market size and forecast, by Type
    • 6.4.4.1.2. Market size and forecast, by Application
    • 6.4.4.2. India
    • 6.4.4.2.1. Market size and forecast, by Type
    • 6.4.4.2.2. Market size and forecast, by Application
    • 6.4.4.3. Japan
    • 6.4.4.3.1. Market size and forecast, by Type
    • 6.4.4.3.2. Market size and forecast, by Application
    • 6.4.4.4. South Korea
    • 6.4.4.4.1. Market size and forecast, by Type
    • 6.4.4.4.2. Market size and forecast, by Application
    • 6.4.4.5. Australia
    • 6.4.4.5.1. Market size and forecast, by Type
    • 6.4.4.5.2. Market size and forecast, by Application
    • 6.4.4.6. Rest of Asia-Pacific
    • 6.4.4.6.1. Market size and forecast, by Type
    • 6.4.4.6.2. Market size and forecast, by Application
• 6.5. LAMEA
  • 6.5.1. Key market trends, growth factors and opportunities
  • 6.5.2. Market size and forecast, by Type
  • 6.5.3. Market size and forecast, by Application
  • 6.5.4. Market size and forecast, by country
    • 6.5.4.1. Brazil
    • 6.5.4.1.1. Market size and forecast, by Type
    • 6.5.4.1.2. Market size and forecast, by Application
    • 6.5.4.2. Saudi Arabia
    • 6.5.4.2.1. Market size and forecast, by Type
    • 6.5.4.2.2. Market size and forecast, by Application
    • 6.5.4.3. South Africa
    • 6.5.4.3.1. Market size and forecast, by Type
    • 6.5.4.3.2. Market size and forecast, by Application
    • 6.5.4.4. Rest of LAMEA
    • 6.5.4.4.1. Market size and forecast, by Type
    • 6.5.4.4.2. Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE

• 7.1. Introduction
• 7.2. Top winning strategies
• 7.3. Product mapping of top 10 player
• 7.4. Competitive dashboard
• 7.5. Competitive heatmap
• 7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

• 8.1. HB Fuller
  • 8.1.1. Company overview
  • 8.1.2. Key executives
  • 8.1.3. Company snapshot
  • 8.1.4. Operating business segments
  • 8.1.5. Product portfolio
  • 8.1.6. Business performance
  • 8.1.7. Key strategic moves and developments
• 8.2. Henkel AG & Co. KGaA
  • 8.2.1. Company overview
  • 8.2.2. Key executives
  • 8.2.3. Company snapshot
  • 8.2.4. Operating business segments
  • 8.2.5. Product portfolio
  • 8.2.6. Business performance
  • 8.2.7. Key strategic moves and developments
• 8.3. Bostik SA
  • 8.3.1. Company overview
  • 8.3.2. Key executives
  • 8.3.3. Company snapshot
  • 8.3.4. Operating business segments
  • 8.3.5. Product portfolio
  • 8.3.6. Business performance
  • 8.3.7. Key strategic moves and developments
• 8.4. 3M
  • 8.4.1. Company overview
  • 8.4.2. Key executives
  • 8.4.3. Company snapshot
  • 8.4.4. Operating business segments
  • 8.4.5. Product portfolio
  • 8.4.6. Business performance
  • 8.4.7. Key strategic moves and developments
• 8.5. Sika AG
  • 8.5.1. Company overview
  • 8.5.2. Key executives
  • 8.5.3. Company snapshot
  • 8.5.4. Operating business segments
  • 8.5.5. Product portfolio
  • 8.5.6. Business performance
  • 8.5.7. Key strategic moves and developments
• 8.6. Ashland, Inc
  • 8.6.1. Company overview
  • 8.6.2. Key executives
  • 8.6.3. Company snapshot
  • 8.6.4. Operating business segments
  • 8.6.5. Product portfolio
  • 8.6.6. Business performance
  • 8.6.7. Key strategic moves and developments
• 8.7. Pidilite Industries Ltd
  • 8.7.1. Company overview
  • 8.7.2. Key executives
  • 8.7.3. Company snapshot
  • 8.7.4. Operating business segments
  • 8.7.5. Product portfolio
  • 8.7.6. Business performance
  • 8.7.7. Key strategic moves and developments
• 8.8. Jubiulant Industries Ltd.
  • 8.8.1. Company overview
  • 8.8.2. Key executives
  • 8.8.3. Company snapshot
  • 8.8.4. Operating business segments
  • 8.8.5. Product portfolio
  • 8.8.6. Business performance
  • 8.8.7. Key strategic moves and developments
• 8.9. Akzo Nobel N.V.
  • 8.9.1. Company overview
  • 8.9.2. Key executives
  • 8.9.3. Company snapshot
  • 8.9.4. Operating business segments
  • 8.9.5. Product portfolio
  • 8.9.6. Business performance
  • 8.9.7. Key strategic moves and developments
• 8.10. DowDuPont Inc.
  • 8.10.1. Company overview
  • 8.10.2. Key executives
  • 8.10.3. Company snapshot
  • 8.10.4. Operating business segments
  • 8.10.5. Product portfolio
  • 8.10.6. Business performance
  • 8.10.7. Key strategic moves and developments