Global Wood Adhesives Market to reach USD 6.9 billion by 2027.Global Wood Adhesives Market is valued approximately USD 5.0 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2021-2027. Wood adhesives are commonly used in furniture, shipbuilding, and arts and crafts. Hide glue, epoxy, PVA glue, and polyurethane are some of the most used wood adhesives. These adhesives are water resistant and designed to ensure that there are no gaps between wooden pieces. The key growth factors wood adhesives market are growing construction activities, increasing urban population, and growth of developing regions such as Asia Pacific, the Middle East & Africa, and South America. For instance, in 2019, according to the American Institute of Architects (AIA), expenditure on construction activities in non-residential buildings grow by 4.4% as compared to 2018. Furthermore, instability of raw material prices, and use of its substitute hinders the market in forecasting years. Whereas, demand for low voc adhesives are creating opportunities for wood adhesives market in the projection time duration.


The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Wood Adhesives market. In 2019, Asia Pacific accounted for 40% of the global market for wood adhesives. The continuous development in the construction industry are major factor for driving the market for wood adhesives in the APAC region. Wood adhesives are synthetic and natural adhesives that come in liquid and aqueous forms and are mostly utilized in construction applications. In the APAC area, China and India are the two largest users of wood adhesives. According to the International Trade Administration, China's construction sector is anticipated to grow at a real-terms annual rate of 5% between 2019 and 2023. Additionally new construction projects drive the wood adhesives market in forecasting years.

Major market player included in this report are:
3M
H.B. Fuller Company
Henkel AG & Co. KgaA
The Dow Chemical Company
Bostik
W.F. Taylor LLC
Akzo Nobel N.V.
Shanghai Donghe Adhesive Co.,Ltd.
Georgia-Pacific Chemicals LLC
BASF SE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Urea-formaldehyde (UF)
Melamine urea-formaldehyde (MUF)
Phenol-formaldehyde (PF)
Isocyanates
Polyurethane
Polyvinyl acetate (PVA)
Soy-based
Others
By Application:
Flooring
Furniture
Doors & windows
Housing components
Others
By Substrate:
Solid wood
Oriented strand board (OSB)
Plywood
Particleboard (PB)
Medium-density fiberboard (MDF)
High-density fiberboard (HDF)
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Wood Adhesives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors