Wood Adhesives And Binders Market Having Tons Of Drivers To Suffice It Growth And Reach USD 18.99 Billion By 2022

25-Sep-2018 | Zion Market Research

The major companies in global wood adhesives and binders market comprise Ashland Inc., 3M Company, BASF SE, Henkel AG & Co. KGaA, Avery Dennison Corporation, H.B Fuller Company, Huntsman Corporation, Adhesives Research Inc., Bostik SA, and Dow Chemical Company. These players are claimed to have major role in the development of wood adhesives and binders market.

According to analysts at Zion Market Research, the global wood adhesives and binders market added up for USD 14.88 Billion in 2016 and is likely to cross USD 18.99 Billion by end of 2022, developing at a CAGR of almost 4.2% from 2017 to 2022.

Request Sample Request Customization Buy Now

This review is based on a report by Zion Market Research, titled “Wood Adhesives and Binders Market (Urea Formaldehyde (UF), Melamine Urea Formaldehyde (MUF), Phenol-Formaldehyde (PF), Isocyanates, Soy Based and Others) for Cabinets, Flooring & Plywood, Furniture & Subcomponents, Windows & Doors and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”- Report at http://www.zionmarketresearch.com/report/wood-adhesives-binders-market 

Rising Construction Activities All Over The World To Boost The Wood Adhesives And Binders Market

As per analysts at Zion Market Research, the global wood adhesives and binders market is likely to see significant development due to rising construction activities all over the world over the forecast period. Wood adhesives and binders indicate to a substance employed for holding together two wood surfaces or another element. The developing construction sector and the widespread infrastructure activities are likely to boost the growth of wood adhesives and binders market in the near future. Moreover, altering trends in lifestyle and home furnishings is also likely to power the development of the wood adhesives and binders market. On the other hand, increasing rules on the usage and manufacturing of wood adhesives and binders and the changeable prices of raw material are claimed to be the limitations to the development of the wood adhesives and binders market within the near future.

Wood-Adhesives-Binders-Market

The shift in the trend towards bio-based and green adhesives is likely to offer new avenues for the major players in the sector to drive the wood adhesives and binders market. Also, various R&D activities by market players in the industry are also set to bolster the development of wood adhesives and binders market. For example, in January 2016, BASF strengthened its business by combining development and marketing of adhesive systems, which depend on amino isocyanates and resins, boosting the development of wood adhesives and binders market.

Development Activities For Infrastructure In North America To Maintain Its Dominance In Wood Adhesives And Binders Market

In terms of topography, North America in 2016 was the biggest market for wood adhesives and binders market owing to the huge construction sector and the development activities for infrastructure in the area. Asia Pacific added up for the second biggest share chased by Europe. Asia Pacific is likely to be the quickest developing region for the wood adhesives and binders market due to the increasing remodeling and construction activities in the area. The Middle East & Africa and Latin America are likely to see reasonable development for wood adhesives and binders market within the forecast period.

The global wood adhesives and binders market is segmented as follows:

By Application

  • Cabinets
  • Flooring & Plywood
  • Furniture & Subcomponents
  • Windows & Doors
  • Others

By Type

  • Urea Formaldehyde (UF)
  • Melamine Urea Formaldehyde (MUF)
  • Phenol Formaldehyde
  • Isocyanates
  • Soy Based
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Download Brochure
Latest Published Reports

View All Published Reports