Global Wood Adhesives and Binders Market Analysis 2020

The Global Wood Adhesives and Binders market is expected to reach $27.10 billion by 2026 growing at a CAGR of 7.3% during 2019 to 2026. Wood adhesives and binders are polymeric fossil-based materials used to bind together two or more wooden surfaces or planks firmly. These materials mainly contain formaldehyde to develop sufficient reactivity as well as adhesive performance. They exist in two forms natural and synthetic. These are categorized into mainly five types - urea-formaldehyde, melamine urea-formaldehyde, phenol-formaldehyde, isocyanates, and soy-based. These adhesives and binders are mostly prepared from fossil-derived polymers. They offer numerous advantages such as high bond strength, durability, temperature, and chemical resistance. They are ease of use, efficient, and affordable. These are predominately used in several end-user applications such as furniture, cabinets, doors, and others. Moreover, this material also finds extensive applications in commercial and residential construction coupled with flooring products, and home electronics. Factors such as robust growth in the construction industry, rise in demand for modern furniture and wooden floorings, increasing expenditure on luxury furniture and other household equipment, changing trends in home furnishings and lifestyle, and increasing demand from the shipping and transportation industry are driving the market growth. However, environmental concerns associated with wood adhesives and binders may hinder the market growth. Amongst product, the phenol-formaldehyde (PF) segment is projected to grow at the significant rate over the projected timeframe. Phenol-formaldehyde resins adhesives offer advantages that include better performance at moist conditions, low surface energy and resistance from chemicals. These can be formulated with other additives such as soy for improved bond strength. It also has lower emissions compared to urea-formaldehyde and are widely used for manufacturing particle board and medium density fiberboards. The key vendors mentioned are Henkel AG & Co. KGaA, BASF SE, Bostik SA, Avery Dennison Corporation, Ashland, Inc., 3M Company, H.B Fuller Company, Huntsman Corporation, The Dow Chemical Company, Adhesive Research Inc., Macco Adhesives, Beacon Adhesives, Sika, Tikkurila Oyj, and Aabbitt Adhesives. Products Covered: • Melamine-Urea-Formaldehyde (MUF) • Soy-Based • Urea-Formaldede (UF) • Isocyanates (MDI, TDI, HDI) • Phenol-Formaldehyde (PF) • Polymeric methylene-diphenyl-diisocyanate (pMDI) • Epoxy • Ethyl Vinyl Acetate • Silicone • Other Products Applications Covered: • Furniture & Subcomponents • Windows & Doors • Cabinets • Flooring & Decks • Particleboards • Plywood • Other Applications Types Covered: • Natural • Synthetic End Users Covered: • Residential • Commercial • Domestic • Industrial • Consumer Applications Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analysed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Wood Adhesives and Binders Market, By Product
5.1 Introduction
5.2 Melamine-Urea-Formaldehyde (MUF)
5.3 Soy-Based
5.4 Urea-Formaldede (UF)
5.5 Isocyanates (MDI, TDI, HDI)
5.6 Phenol-Formaldehyde (PF)
5.7 Polymeric methylene-diphenyl-diisocyanate (pMDI)
5.8 Epoxy
5.9 Ethyl Vinyl Acetate
5.10 Silicone
5.11 Other Products

6 Global Wood Adhesives and Binders Market, By Application
6.1 Introduction
6.2 Furniture & Subcomponents
6.3 Windows & Doors
6.4 Cabinets
6.5 Flooring & Decks
6.6 Particle Boards
6.7 Plywood
6.8 Other Applications

7 Global Wood Adhesives and Binders Market, By Type
7.1 Introduction
7.2 Natural
7.3 Synthetic

8 Global Wood Adhesives and Binders Market, By End User
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Domestic
8.5 Industrial
8.6 Consumer Applications

9 Global Wood Adhesives and Binders Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa

10 Strategic Benchmarking

11 Vendors Landscape
11.1 Henkel AG & Co. KGaA
11.2 BASF SE
11.3 Bostik SA
11.4 Avery Dennison Corporation
11.5 Ashland, Inc.
11.6 3M Company
11.7 H.B Fuller Company
11.8 Huntsman Corporation
11.9 The Dow Chemical Company
11.10 Adhesive Research Inc.
11.11 Macco Adhesives
11.12 Beacon Adhesives
11.13 Sika
11.14 Tikkurila Oyj
11.15 Aabbitt Adhesives

List of Data Tables
1 Global Wood Adhesives and Binders Market Outlook, By Region (2018-2026) ($MN)
2 Global Wood Adhesives and Binders Market Outlook, By Product (2018-2026) ($MN)
3 Global Wood Adhesives and Binders Market Outlook, By Melamine-Urea-Formaldehyde (MUF) (2018-2026) ($MN)
4 Global Wood Adhesives and Binders Market Outlook, By Soy-Based (2018-2026) ($MN)
5 Global Wood Adhesives and Binders Market Outlook, By Urea-Formaldede (UF) (2018-2026) ($MN)
6 Global Wood Adhesives and Binders Market Outlook, By Isocyanates (MDI, TDI, HDI) (2018-2026) ($MN)
7 Global Wood Adhesives and Binders Market Outlook, By Phenol-Formaldehyde (PF) (2018-2026) ($MN)
8 Global Wood Adhesives and Binders Market Outlook, By Polymeric methylene-diphenyl-diisocyanate (pMDI) (2018-2026) ($MN)
9 Global Wood Adhesives and Binders Market Outlook, By Epoxy (2018-2026) ($MN)
10 Global Wood Adhesives and Binders Market Outlook, By Ethyl Vinyl Acetate (2018-2026) ($MN)
11 Global Wood Adhesives and Binders Market Outlook, By Silicone (2018-2026) ($MN)
12 Global Wood Adhesives and Binders Market Outlook, By Other Products (2018-2026) ($MN)
13 Global Wood Adhesives and Binders Market Outlook, By Application (2018-2026) ($MN)
14 Global Wood Adhesives and Binders Market Outlook, By Furniture & Subcomponents (2018-2026) ($MN)
15 Global Wood Adhesives and Binders Market Outlook, By Windows & Doors (2018-2026) ($MN)
16 Global Wood Adhesives and Binders Market Outlook, By Cabinets (2018-2026) ($MN)
17 Global Wood Adhesives and Binders Market Outlook, By Flooring & Decks (2018-2026) ($MN)
18 Global Wood Adhesives and Binders Market Outlook, By Particleboards (2018-2026) ($MN)
19 Global Wood Adhesives and Binders Market Outlook, By Plywood (2018-2026) ($MN)
20 Global Wood Adhesives and Binders Market Outlook, By Other Applications (2018-2026) ($MN)
21 Global Wood Adhesives and Binders Market Outlook, By Type (2018-2026) ($MN)
22 Global Wood Adhesives and Binders Market Outlook, By Natural (2018-2026) ($MN)
23 Global Wood Adhesives and Binders Market Outlook, By Synthetic (2018-2026) ($MN)
24 Global Wood Adhesives and Binders Market Outlook, By End User (2018-2026) ($MN)
25 Global Wood Adhesives and Binders Market Outlook, By Residential (2018-2026) ($MN)
26 Global Wood Adhesives and Binders Market Outlook, By Commercial (2018-2026) ($MN)
27 Global Wood Adhesives and Binders Market Outlook, By Domestic (2018-2026) ($MN)
28 Global Wood Adhesives and Binders Market Outlook, By Industrial (2018-2026) ($MN)
29 Global Wood Adhesives and Binders Market Outlook, By Consumer Applications (2018-2026) ($MN)
30 North America Wood Adhesives and Binders Market Outlook, By Product (2018-2026) ($MN)
31 North America Wood Adhesives and Binders Market Outlook, By Application (2018-2026) ($MN)
32 North America Wood Adhesives and Binders Market Outlook, By Type (2018-2026) ($MN)
33 North America Wood Adhesives and Binders Market Outlook, By End User (2018-2026) ($MN)
34 Europe Wood Adhesives and Binders Market Outlook, By Product (2018-2026) ($MN)
35 Europe Wood Adhesives and Binders Market Outlook, By Application (2018-2026) ($MN)
36 Europe Wood Adhesives and Binders Market Outlook, By Type (2018-2026) ($MN)
37 Europe Wood Adhesives and Binders Market Outlook, By End User (2018-2026) ($MN)
38 Asia Pacific Wood Adhesives and Binders Market Outlook, By Product (2018-2026) ($MN)
39 Asia Pacific Wood Adhesives and Binders Market Outlook, By Application (2018-2026) ($MN)
40 Asia Pacific Wood Adhesives and Binders Market Outlook, By Type (2018-2026) ($MN)
41 Asia Pacific Wood Adhesives and Binders Market Outlook, By End User (2018-2026) ($MN)
42 South America Wood Adhesives and Binders Market Outlook, By Product (2018-2026) ($MN)
43 South America Wood Adhesives and Binders Market Outlook, By Application (2018-2026) ($MN)
44 South America Wood Adhesives and Binders Market Outlook, By Type (2018-2026) ($MN)
45 South America Wood Adhesives and Binders Market Outlook, By End User (2018-2026) ($MN)
46 Middle East & Africa Wood Adhesives and Binders Market Outlook, By Product (2018-2026) ($MN)
47 Middle East & Africa Wood Adhesives and Binders Market Outlook, By Application (2018-2026) ($MN)
48 Middle East & Africa Wood Adhesives and Binders Market Outlook, By Type (2018-2026) ($MN)
49 Middle East & Africa Wood Adhesives and Binders Market Outlook, By End User (2018-2026) ($MN)