Wood Adhesives And Binders Market is expected to witness momentous gains during 2020 – 2024
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-18
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Wood Adhesives And Binders Market is expected to witness momentous gains during 2020 – 2024

Robust growth indicators in construction business across the globe will be the chief growth driver for the wood adhesives and binders market over the forecast timespan. Wood adhesives and binders are extensively used in construction industry in production of cabinets, flooring, doors, windows and several other structural components. Construction industry is witnessing substantial growth with valuation in 2013 exceeding USD 7 trillion and may reach USD 13 trillion in the coming years. This trend coupled with increasing demand for improving aesthetic appearance of structures will accelerate product demand in the forecast duration.

Fluctuating petrochemical product prices from which wood adhesives and binders are produced, such as polyolefins, vinyl acetate, acrylates, phenols, etc., are potential hurdles in wood adhesives and binders market growth over the next few years. Moreover, VOC emission during industrial product and commercial applications cause health and environmental hazards. Hence, governments across the globe, have stringent regulations and norms for environment protect and use of products/chemicals that emit VOCs.

Request for a sample copy of this report @    https://www.decresearch.com/request-sample/detail/1098

Wood Adhesives and Binders Market is forecast to reach USD 21 billion according to this new research report.

Flooring & plywood segment of wood adhesives and binders market is likely to witness gains close to CAGR 5%. This segment includes softwood and hardwood plywood applications. Booming construction & flooring industry will fuel product demand in the coming years. In 2016, overall wood adhesives and binders market for furniture & subcomponents application segment generated revenue close to USD 4 billon. Rising per capita income of consumers has fueled furniture demand considerably across the globe. Additionally, rising number of commercial projects is anticipated to influence furniture demand due to procurement of desks, chairs and several other furniture in bulk quantities.

Top Companies:

 

  1. 3M Company
  2. Ashland Inc.
  3. H.B Fuller Company
  4. Henkel AG & Co. KGaA
  5. BASF SE
  6. Huntsman Corporation
  7. Avery Dennison Corporation
  8. Adhesives Research Inc.
  9. Dow Chemical Company
  10. Bostik SA

The report contains details about the production, remuneration, price, growth rate of each segment, as well as market share.

By Product

  1. Urea-Formaldede [UF]
  2. Melamine-Urea-Formaldehyde [MUF]
  3. Phenol-Formaldehyde [PF]
  4. Isocyanates [MDI,TDI, HDI]
  5. Soy-based

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/wood-adhesives-and-binders-market

North America, shall witness gains close to 4% CAGR during the forecast period. The product demand in this region will be primarily driven by increasing interior renovation activities in U.S on account of lavish consumer lifestyle. Asia Pacific, led by India, Japan and China, was worth more than USD 3 billion in 2016. The major factor responsible for driving the product demand in future is the rapidly growing construction industry. In addition, increased consumer spending has augmented wood furniture demand in this region, which will positively impact the wood adhesives and binders market over the forecast duration.

In 2016, wood adhesives and binders market was consolidated with key companies holding more than 40% share of the industry market. Major industry players are H.B. Fuller, Henkel AG, BASF SE, 3M Company and Huntsman Corporation. Other notable companies are Avery Dennison, Bostik SA, Dow Chemical and Ashland Inc

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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