세계의 목재 접착제 시장 : 예측(2024-2029년)

The wood adhesives market is valued at US$6.932 billion in 2024 and is projected to grow at a CAGR of 6.40% over the forecast period.

Wood Adhesives are components used to bind wooden materials and are majorly used by furniture manufacturing companies. New variants and advanced technologies being used in glues, a rapid increase in the usage of household items, increasing customized furniture needs, and the development of new bonding technologies are the factors driving the market growth.

The Americas region is expected to have a major market share due to increasing investments in the research and development of low-cost wood adhesives. The Asia Pacific region will have a significant growth rate due to the growing economy, rising demand for housing, and increased disposable income.

• The building construction permits in Germany have been significantly high in 217, 586 in 2022, and 163,906 in 2023. The estimated cost spent for the structure was 134,990 thousand Euros in 2022 and 112,992 thousand Euros in 2023.
• The number of tourists visiting Spain was 85,169,050 in 2023 and 71,659,281 in 2022, a significant jump. This resulted in the demand for more hotels and restaurants.

WOOD ADHESIVES MARKET DRIVERS:

• Increasing demand from the residential sector

The growth in the residential sector is due to the growing urbanization worldwide and growing economic development in different parts of the world. A significant part of the development of construction goes for the building of houses, hospitals, hotels, restaurants, schools, etc., for the population. According to the World Economic Forum, the share of the urban population of the total population is 55% in 2022 and likely to be 80% by 2080. These increased urban population setups needed different varieties of buildings, including the major residential buildings. To accommodate this rising population, governments worldwide are investing funds in the construction of the residential sector.

Such as the Federal government in Canada launched a $1.5 billion program to build a new generation of co?op housing in June 2024. The program will build thousands of new co-op homes by 2028. This Co-operative Housing Development Program would increase the number of affordable homes in Canada. These developments in the construction sector would lead to the usage of wood for many purposes like flooring, structural support, designs, ceiling designs, etc.

• Growing commercial construction sector

The growth of the economies has a significant role in developing the commercial construction industry. Countries worldwide are willing to invest heavily in making affordable housing, offices, schools, commercial buildings, administrative buildings, and hospitals. These developments by the countries stimulate economic growth and provide rapid employment in both the manufacturing and construction sectors. The use of commercial spaces has been significantly rising in the growing economies of Asia and Africa. The commercial spaces use wooden work for aesthetic purposes and accommodate better design in the limited space.

Additionally, the increasing tourism activity worldwide also causes an increase in hotels and other staying facilities in the countries. According to the Federal Statistical Office, the number of overnight stays by guests from abroad in Germany has increased by 3.1% to 7.5 million in May 2024 compared to May 2023. This number has significantly increased after the pandemic as people are willing to visit different places after the lockdown. The growth of the commercial sector worldwide has a positive effect on the demand for wood in the market.

• Rising demand for sustainable material use

Adhesives contribute to the sustainability of building structures by enabling timber construction. Since timber is a natural material, it is beneficial over the most synthetically produced materials. Wood is mostly utilized by wood panels that maintain strength, form, and functionality. Thus, different layers of wood, like cross-lamination or glue-lamination, are utilized with adhesives. By increasing the use of such raw materials, the carbon footprint of buildings can be improved.

Wood-based materials such as particle board, OSB, plywood, or fiber-based materials are utilized for sustainable building materials in the construction industry and furniture production. They are also utilized in vehicle construction. Wood-based products could play a significantly greater role in the future, thus increasing the wood adhesives market.

Wood Adhesives Market Geographical Outlook

• The Asia Pacific region will dominate the wood adhesives market during the forecast period.

By geography, the market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. This causes demand for various raw materials in primary industries like construction and furniture, where wood is utilized.

About Report

This research study examines the wood adhesives market based on various segments: resin type, technology, application, and geography. First, a brief market overview details key driving factors and challenges. Next, Porter's five forces model analyzes the wood adhesives industry comprehensively. This is followed by industry value chain analysis which determines the companies that are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the wood adhesives market. Moreover, the research study analyzes the overall regulatory framework of the wood adhesives sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Wood adhesives market key developments:

• In February 2024, German chemical companies Henkel and Covestro joined hands to make adhesives in load-bearing timber construction. These would be sustainable as materials manufacturer Covestro provides Henkel with polyurethane-based raw materials linked to bio-based feedstocks. Collaboration would enable a circular and climate-neutrality for both companies.
• In November 2023, Henkel launched the first bio-based PUR adhesives for load-bearing timber construction. Loctite HB S ECO and Loctite CR 821 ECO would be certified polyurethane (PUR) adhesives as bio-based variants. This ecologically friendly material variant additionally improves the environmental footprint: CO2 emissions are 62 percent lower than those of a fossil-based version. The product was developed with 71 percent bio-based materials.
• In May 2023, Fraunhofer WKI presented a formaldehyde-free bioadhesive for the production of wood-based materials at LIGNA 2023. It is a newly developed lignin-HMF resin with advantages as a sustainable wood-based material. It is made from a bio-based alternative to petrochemical condensation resins. Furthermore, by using this substance, wood-based materials would contain only extremely low levels of formaldehyde, which occurs naturally.
• In May 2022, Bostik, a leading global adhesive specialist, launched new adhesive solutions for woodworking. These are under its Supergrip adhesive solutions line, named SG6518 and SG6520. Supergrip is utilized as the Hot-Melt Polyurethane Reactive (HMPUR) adhesive solution to produce edge banding in the woodworking industry.

The wood adhesives market is segmented and analyzed as follows:

By Resin Type

• Natural
• Animal Based
• Plant-Based
• Synthetic
• Thermosetting
• Thermoplastic
• Others

By Technology

• Water Based
• Solvent Based
• Others

By Application

• Plywood
• Furniture
• Consumer Goods
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. Increasing demand from the residential sector
  • 4.1.2. Growing commercial construction sector
• 4.2. Market Restraints
  • 4.2.1. Price fluctuations in the raw materials
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. WOOD ADHESIVES MARKET BY RESIN TYPE

• 5.1. Introduction
• 5.2. Natural
• 5.3. Animal Based
• 5.4. Plant-Based
• 5.5. Synthetic
• 5.6. Thermosetting
• 5.7. Thermoplastic
• 5.8. Others

6. WOOD ADHESIVES MARKET BY TECHNOLOGY

• 6.1. Introduction
• 6.2. Water Based
• 6.3. Solvent Based
• 6.4. Others

7. WOOD ADHESIVES MARKET BY APPLICATION

• 7.1. Introduction
• 7.2. Plywood
• 7.3. Furniture
• 7.4. Consumer Goods
• 7.5. Others

8. WOOD ADHESIVES MARKET BY GEOGRAPHY

• 8.1. Global Overview
• 8.2. North America
  • 8.2.1. United States
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Rest of South America
• 8.4. Europe
  • 8.4.1. United Kingdom
  • 8.4.2. Germany
  • 8.4.3. France
  • 8.4.4. Italy
  • 8.4.5. Spain
  • 8.4.6. Rest of Europe
• 8.5. Middle East and Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. United Arab Emirates
  • 8.5.3. Rest of the Middle East and Africa
• 8.6. Asia-Pacific
  • 8.6.1. China
  • 8.6.2. India
  • 8.6.3. Japan
  • 8.6.4. South Korea
  • 8.6.5. Taiwan
  • 8.6.6. Thailand
  • 8.6.7. Indonesia
  • 8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. H.B. Fuller
• 10.2. Henkel AG & Co., KGaA
• 10.3. Bostik S.A.
• 10.4. 3M
• 10.5. Sika AG
• 10.6. Ashland, Inc.
• 10.7. Pidilite Industries Ltd.
• 10.8. Jubilant Industries Ltd.
• 10.9. AkzoNobel N.V.
• 10.10. Franklin Adhesives & Polymers.
• 10.11. DowDuPont Inc.