Wood Adhesives Market Size, Share, and COVID-19 Impact Analysis, By Product (Urea-Formaldehyde (UF), Melamine urea-formaldehyde (MUF), Phenol-formaldehyde (PF), Isocyanates, Polyurethane, Polyvinyl acetate (PVA), and Others), By Technology (Solvent-Based, Water-Based, and Others), By Application (Flooring, Furniture, and Others), and Regional Forecast, 2024-2032.

Wood adhesives are mainly used to bond wooden materials with each other and with different material. Today, wood adhesives are used in more than 70-80% wood products in the world due to their ability to glue different types of wooden joints. Also for binding strong wooden surfaces, wood adhesives are widely used. Increasing demand for wooden adhesives in different applications such as floorings, kitchen equipment’s, bathrooms and doors & windows are expected to boost the growth of the wood adhesives market. 

The growth in various end-use industries mainly in furniture and construction industry is driving the wood adhesives market. Furthermore, increased spending towards the infrastructural sector provide a huge opportunity for the major market players operating in the market. Also, rising consumer awareness about the diminution of trees and global warming has increased the adoption of engineered wood panels. Wood panels such as plywood, wooden boards, and oriented strand boards require significant amount of adhesives driving the demand for wood adhesives.

Industrial and commercial consumption of adhesives increases the environmental risks and health issues by emitting volatile organic compounds. Some countries have set specific guidelines to control such industrial emissions and to restrict gaseous emissions during the use of adhesives. These stringent regulations of countries prevalent in the industry may restrict the wood adhesives market growth. In addition, price fluctuations in raw material also restrain the overall wood adhesives industry growth.

Impact of COVID-19

The COVID-19 pandemic affects manufacturing activities and production globally affecting both the demand for adhesives and their development and processing, which led to restriction on the global market. Travel restrictions to control COVID-19 in various regions affects the demand and supply chain. Manufacturing facilities were halted due to the unavailability of raw materials and shortage of labor, which has affected the wood adhesives market. However, normalization in businesses after COVID-19 and capital investment by the government towards the infrastructure sector will positively impact the global market.

Key Insights

The report will cover the following key insights:

• The Regulatory Scenario of Wood Adhesives Market.


• Key Developments in Wood Adhesives Industry.


• Impact of COVID-19 on Global Market.

Analysis by Product

By product, the wood adhesives market is segmented into Urea-Formaldehyde (UF), Melamine urea-formaldehyde (MUF), Phenol-formaldehyde (PF), Isocyanates, Polyurethane, Polyvinyl acetate (PVA) and others. The Urea-Formaldehyde (UF) segment is expected to grow significantly in forecast period, it is mainly used in non-transparent thermosetting resin in wood. It has high tensile strength so used widely in manufacturing of interior-grade plywood and wooden boards which boosts the wood adhesives industry. The melamine urea-formaldehyde (MUF) has an excellent water resistance property compared to other resins. The MUF is largely used in flooring tiles and bamboo laminates which propel the wood adhesives demand. The polyurethane and isocyanates segment also expected to grow significantly in coming years which boosts the wood adhesives market.

Analysis by Technology

By technology, the wood adhesives market is segmented into solvent-based, water-based, and other technologies. Among these, water based adhesives are largely used in applications such as laminating plywood medium density board (MDF) and chipboards. The best fit for water-based adhesives are flat lamination, finger jointing and groove jointing, these adhesives can be applied by automatic equipment or by hand. Solvent-based adhesives have good drying properties and fast bonding capacity. These adhesives do not freeze at low temperatures and can withstand high temperatures. These factors drive the solvent-based adhesives market.

Analysis by Application

Based on application wood adhesives industry is segmented into flooring, furniture, and others. Among these, the furniture segment holds the significant global wood adhesives market share. The main factor for elevating the demand for furniture is increasing new residential construction and renovation activities globally. In addition, growing furniture demand from commercial or institutional projects may influence wood adhesives industry growth. Also, wood-based panels have high demand for ceiling, cladding, roofing application as they are lightweight and durable drives the utilization of wood adhesives.

Regional Analysis

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By region, the wood adhesives industry is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the significant share of the global market. Increasing demand for wood-based products and wooden furniture in China and India is driving the growth of the wood adhesives market. Moreover, this region has the significant number of wood adhesive producers increasing global market.

North America and Europe are expected to drive the market moderately over the forecast period. Increasing construction activities in this region are anticipated to drive the market. The presence of key players contributes to drive the wood adhesives industry in this region. The market in the Middle East & Africa region is expected to grow moderately during the forecast period.

Wood Adhesives Market Key Players Covered

The report will include the profiles of key players, such as-

• Pidilite Industries Limited


• Asian Paints


• Sika AG


• H.B. Fuller


• Henkel AG & Co. KGaA


• Bostik S.A.


• Follmann GmbH & Co. KG


• The 3M Company


• Dow


• Others

Segmentation

Key Industry Developments

• In March 2023, Pidilite Industries Limited announced to manufacture of hot melt adhesive in India with support from Jowats team.


• In May 2021, Follmann launched its new hotmelt polyurethane adhesives for wood and furniture industry which used in flat lamination and strengthens its co-operation with H&H Maschinenbau GmbH, Porta Westfalica.