Wood Adhesives & Binders Market - Size, Share, Trends, and Forecast 2019 - 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Adhesives are bonding materials that find applications in various industries such as packaging, construction, furniture, footwear, and automotive. Wood binders and adhesives are specialized chemicals that efficiently bind wooden surfaces. They are developed in such a way that they can bind wood-based non-structural and structural surfaces effectively. Construction, packaging, and furniture are the major end user of wood adhesives and binders. Adhesives today used in various industries produced from various fossil-derived resources including formaldehyde, melamine, urea, vinyl acetate, and isocyanate. Furthermore, soy-based adhesives and binders have gained popularity among various industries, due to increasing price of crude oil. Moreover, wood adhesives and binders are predominantly used to manufacture doors, windows, wooden cabinet, and wooden furniture.

Market Outlook

Global wood adhesives & binders market size is estimated to reach US$ 21.12 billion by 2021, exhibiting a CAGR of 4.54% during the forecast period (2019-2027). Growing demand for wood adhesives and binders for the production of windows, doors, wooden cabinets, floorings, and other furniture is expected to accelerate the market growth during the forecast period. Increasing expenditure on luxury furniture and other household equipment is expected to increase the demand for wood adhesives and binders and hence support growth of the market in the near future. Furthermore, wooden flooring has become popular in the construction industry, owing to its aesthetic appearance and durability. All these factors are expected to propel the demand for wood and binders adhesive and thereby support growth of the market. Growing conduction industry in various regions around the world is expected to increase the demand for wood adhesives and binder and thereby accelerate the market growth. Moreover, shift of focus towards bio-based adhesives and binders is also expected to support growth of the market in the near future.

However, fluctuating prices of raw materials and growing restraints on the use of fossil-based materials are expected to hamper growth of the global wood adhesives & binders market during the forecast period.

Market Regional Analysis

Asia Pacific is expected to be the fastest growing market and is expected to account for significant market share in global wood adhesives & binders market during the forecast period. This is owing to increasing infrastructure and construction activities in emerging economies such as India and China. Rising population in these countries is increasing the demand for residential projects, which is subsequently supporting the market growth. North America is also expected to witness significant growth during the forecast period.

Market Players

Key players operating in the global wood adhesives & binders market include Huntsman Corporation, Henkel AG & Co. KGaA, BASF SE, Franklin Adhesives and Polymers, 3M Company, and Ashland Inc.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.