Global Wood Adhesives Market to Cross USD 5 Bn by 2026, Says M&M in Its Insightful Report Published at MarketPublishers.com
23 Jan 2017 • by Natalie Aster
LONDON – Driven by a wide range of factors like continuous developments in the construction industry, an upturn in the furniture industry, rising number of urban population and improvements of the world economy, the world’s market for wood adhesives is expected to hit a USD 5.24 billion mark by the year 2026, experiencing growth at a health CAGR of little over 3% during 2016-2026. However, on the other hand, the market growth can be considerably restrained by escalating adoption of fiberboard and metal in home furniture manufacturing.
The furniture segment is expected to be the fastest growing application segment (in terms of both value and volume) in the overall market for wood adhesives.
Strong demand from APAC for wood adhesives significantly fuels growth in the global wood adhesives market. As of 2015, the region held the lion’s share of the wood adhesives market globally in terms of volume. Hiking number of residential and commercial buildings and increasing urbanization in such Asian countries as China and Japan are slated to propel further growth in the furniture and woodworking markets in the APAC region.
Henkel AG & Co. KGaA, 3M Company, Bostik SA, H.B. Fuller, Sika AG, Ashland and AkzoNobel N.V., amid other companies, are the top participants in the global market for wood adhesives.
M&M comprehensive research report “Wood Adhesives Market by Resin Type, Technology, Application - Global Forecast to 2026” is an unrivalled source of relevant data on the global wood adhesives market performance.
This comprehensive research study provides vital information on the market scenario, including the updated statistics on the overall wood adhesives market and its sub-segments. It uncovers details on the market dynamics (major market drivers, challenges, restraints, drivers and future opportunities), sheds light on emerging and currents market trends, reviews top technologies, offers data on research and development activities, and new product launches. The publication also profiles top players in the global wood adhesives market and traces light on the competitive environment in the market, laying special emphasis on lucrative emerging markets and growth prospects. Additionally, a future outlook is offered in the report.
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