Wood Adhesives Market: By Type, By Technology, By Application and By Geography 2019-2030
Wood Adhesives Market: By Type, By Technology, By Application and By Geography 2019-2030
The Wood Adhesives Market was valued over US$ 4,800 million in 2023 and grew at 5.0% CAGR over the historical years (2019 - 2023). The Wood Adhesives Market is projected to reach around US$ 7,200 million by 2030 at a CAGR of 5.5%. The growing production of engineered wood-based panels, such as particle board, oriented strand board (OSB), and plywood, is expected to drive the growth of the global wood adhesive market. Adhesives in large quantities are needed for the manufacturing operations of these panels. The market is expanding because to growing consumer demand for sustainable and eco-friendly furniture options brought on by concern about environmental impact and deforestation. The demand for wood adhesives is increased due to urbanization and rising disposable incomes, especially in the residential and commercial building sectors where they are crucial for strengthening durability and bonding structural parts. Market expansion is further supported by government programs that promote sustainable construction techniques.
Recent Developments in the Wood Adhesives Market
Study Period
2024 - 2030Base Year
2023CAGR
5.5%Largest Market
Asia PacificFastest Growing Market
North America
The wood adhesive market dynamics are influenced by stringent environmental regulations worldwide, particularly concerning volatile organic compound (VOC) emissions during adhesive usage. Wood adhesives are frequently used in interior finishes such as panelling, cabinetry, and millwork in commercial construction. These adhesives provide strong bonding that can endure the demands of commercial settings, as well as visual attractiveness and design flexibility, making it easier to assemble wood-based components. Moreover, the growing infrastructure industry fuels the need for wood adhesives in a range of applications, including public buildings, tunnels, and bridges. The production of prefabricated wood components used in these projects requires adhesives, which facilitates effective construction methods and shortens project completion times.
Wood adhesives' adaptability goes beyond conventional building practices to include cutting-edge approaches like mass timber construction and modular building systems. By utilizing wood adhesives, these cutting-edge construction techniques help buildings attain energy efficiency, seismic resistance, and structural integrity. This regulatory landscape is pushing manufacturers towards developing bio-based adhesives as alternatives. Fluctuations in raw material prices, such as resins and solvents, pose challenges to market players by impacting production costs and profitability. Despite these challenges, there are opportunities for growth through product innovation aimed at improving adhesive performance, sustainability, and meeting specific application requirements like outdoor durability and fire resistance. Investments in research and development are crucial for adhesive manufacturers to innovate and differentiate their products in a competitive market landscape.
Based on regions, the Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region is anticipated to have the largest share of the wood adhesives market. The region's use of wood adhesives is rising because of the expanding building industries in nations like China, India, and Japan. The Asia-Pacific region is the residence of the biggest manufacturers of wood adhesives. 3M, Sika AG, Henkel AG & Co. KGaA, Pidilite Industries Ltd., and Jubilant Industries are a few of the top producers of adhesive wood.
Wood adhesives are utilized in a variety of applications, including flooring and decks, plywood, cabinets, particleboard, windows, and doors. Thus, when more homes are built, it is anticipated that the market will expand dramatically. Furthermore, urbanization, increased real estate development, healthy GDP growth, and economic stability are some of the other significant drivers driving wood furniture growth in the region, hence raising demand for wood adhesives. The factors outlined above, together with support from the government, are leading to rising demand for wood adhesives, which is likely to continue during the projection period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024 - 2030 |
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Market Size in 2023 |
US$ 4,800 million |
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Market Size in 2030 |
US$ 7,200 million |
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Market CAGR |
5.5% |
|
By Type |
|
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By Technology |
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By Application |
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The Wood Adhesives Market was valued at US$ 4,800 million in 2023 and is projected to reach US$ 7,200 million by 2030, growing at a CAGR of 5.5 %.
The wood adhesive market is primarily driven by the rising construction industry.
The global wood adhesives market is being driven primarily by an increase in demand for long-lasting and environmentally friendly bonding solutions, as well as technological improvements aimed at improving wood product performance and sustainability.
Market research is segmented type, technology, application and region.
Asia-Pacific is estimated to Fastest growing with the highest CAGR over the forecast period.
| 1. Executive Summary |
| 2. Global Wood Adhesives Market Introduction |
| 2.1.Global Wood Adhesives Market - Taxonomy |
| 2.2.Global Wood Adhesives Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Technology |
| 2.2.3.Application |
| 2.2.4.Region |
| 3. Global Wood Adhesives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Wood Adhesives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Wood Adhesives Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Urea Formaldehyde |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Phenol-Formaldehyde |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Isocyanates |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Polyurethane |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Polyvinyl Acetate |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Wood Adhesives Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Solvent Based |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Water Based |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Others |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Wood Adhesives Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Flooring |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Furniture |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Window and Doors |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Housing Components |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Wood Adhesives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Urea Formaldehyde |
| 9.1.2.Phenol-Formaldehyde |
| 9.1.3.Isocyanates |
| 9.1.4.Polyurethane |
| 9.1.5.Polyvinyl Acetate |
| 9.1.6.Others |
| 9.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Solvent Based |
| 9.2.2.Water Based |
| 9.2.3.Others |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Flooring |
| 9.3.2.Furniture |
| 9.3.3.Window and Doors |
| 9.3.4.Housing Components |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Urea Formaldehyde |
| 10.1.2.Phenol-Formaldehyde |
| 10.1.3.Isocyanates |
| 10.1.4.Polyurethane |
| 10.1.5.Polyvinyl Acetate |
| 10.1.6.Others |
| 10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Solvent Based |
| 10.2.2.Water Based |
| 10.2.3.Others |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Flooring |
| 10.3.2.Furniture |
| 10.3.3.Window and Doors |
| 10.3.4.Housing Components |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Urea Formaldehyde |
| 11.1.2.Phenol-Formaldehyde |
| 11.1.3.Isocyanates |
| 11.1.4.Polyurethane |
| 11.1.5.Polyvinyl Acetate |
| 11.1.6.Others |
| 11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Solvent Based |
| 11.2.2.Water Based |
| 11.2.3.Others |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Flooring |
| 11.3.2.Furniture |
| 11.3.3.Window and Doors |
| 11.3.4.Housing Components |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Urea Formaldehyde |
| 12.1.2.Phenol-Formaldehyde |
| 12.1.3.Isocyanates |
| 12.1.4.Polyurethane |
| 12.1.5.Polyvinyl Acetate |
| 12.1.6.Others |
| 12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Solvent Based |
| 12.2.2.Water Based |
| 12.2.3.Others |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Flooring |
| 12.3.2.Furniture |
| 12.3.3.Window and Doors |
| 12.3.4.Housing Components |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Urea Formaldehyde |
| 13.1.2.Phenol-Formaldehyde |
| 13.1.3.Isocyanates |
| 13.1.4.Polyurethane |
| 13.1.5.Polyvinyl Acetate |
| 13.1.6.Others |
| 13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Solvent Based |
| 13.2.2.Water Based |
| 13.2.3.Others |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Flooring |
| 13.3.2.Furniture |
| 13.3.3.Window and Doors |
| 13.3.4.Housing Components |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.3M Company |
| 14.2.2.Akzo Nobel N.V. |
| 14.2.3.B. Fuller Company |
| 14.2.4.Jubilant Industries Ltd |
| 14.2.5.Henkel AG & Co. KGaA |
| 14.2.6.Sika AG |
| 14.2.7.Aica Kogyo Co., Ltd |
| 14.2.8.Ashland Inc |
| 14.2.9.Pidilite Industries Ltd |
| 14.2.10.Arkema Group |
| 14.2.11.Dow Dupoint Inc |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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