(MENAFNEditorial) iCrowdNewswire - Nov 3, 2017
report provides actionable intelligence on factors that have been driving demand; key trends that are impacting the market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments. Industry experts project Wood Adhesives market to grow at a CAGR of 3.73% during the period 2017-2021.
Wood adhesives are used to bond two pieces of wood together. These adhesives are used in woodworking and are used in the production of many wooden articles, including furniture, flooring, plywood, doors, and windows. Wood adhesives are mainly based on urea-formaldehyde, melamine-urea-formaldehyde, phenol-formaldehyde, and isocyanate resins. These adhesives are regulated, and the usage in specified applications is monitored under strict guidelines as formaldehyde resins are harmful to the environment and individuals.
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Wood Adhesives Market Drivers, Challenges and Trends: –
- Market Driver: – one of the major drivers for this market is high demand in China. The demand for wood adhesives is increasing in China due to an increase in the production of wood composites. The country was the largest producer of wood adhesives, especially those containing urea-formaldehyde and melamine-urea-formaldehyde resins. These adhesives are used for manufacturing interior-grade wood composites. The demand for wood adhesives in the country is expected to increase further due to the increasing production of wood composites and economic growth.
- Market Challenge: – one of the major factors hindering the growth of this market is durability of products. Different species of wood are used for the construction of different structures. These pose a range of challenges relating to density, porosity, oils in the wood, flexibility, and elasticity. Therefore, the adhesives used in the furniture or any wooden construction must be compatible with parameters such as wood, use, climate, etc. The adhesives must also be compatible with different environmental conditions, such as temperature, humidity, rain, and salt spray exposure. Wood products have long service lives.
- Market trend: – The latest trend gaining momentum in the market is kids furniture gaining popularity. The kids segment in the wood furniture industry provides notable growth prospects. It has been observed that parents in China are more concerned about the quality of life of their children. In addition, the increase in the real estate residential inventories in the major cities of the country has increased the demand for residential furniture, including kid's furniture. The rise in demand for kid's furniture is anticipated to boost the growth of the wood adhesives industry in the country
Market segmentation by application: -for flooring and plywood application:- for furniture and subcomponents application, for cabinets application, for windows and doors application, for other applications
Geographic Segmentation: –
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To determine the Wood Adhesives market size the report considers the retail selling price as the average selling price for the product. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Wood Adhesives market space like
- AkzoNobel
- Ashland
- H.B. Fuller
- Henkel
- The Dow Chemical Company and many more.
Report Coverage:
- Wood Adhesives market report provides comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, challenges, trends, market dynamics, size and growth, competitive analysis, major competitors analysis.
- Report recognizes the key drivers of growth and challenges of the key industry players. Also, evaluates the future impact of the propellants and limits on the market.
- Uncovers potential demands in the market.
- Wood Adhesives market report provides in-depth analysis for changing competitive dynamics
- Provides information on the historical and current market size and the future potential of the market.
Wood Adhesives Market highlights following key factors:
- A complete background analysis of Wood Adhesives industry, which includes an assessment of the parental market.
- Emerging trends by segments and regional markets.
- Significant changes in market dynamics & market overview.
- Market breakdown up to the second or third level.
- Market shares and approaches of key players in Wood Adhesives market.
- Current and predictable size of Wood Adhesives market from the perspective of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the market
- This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.
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Some of the exhibits included in Wood Adhesives research report are
Exhibit 01: Segmentation of wood adhesives market
Exhibit 02: Global wood adhesives market 2016 and 2021 ($ billions)
Exhibit 03: Market forecast: Global wood adhesives market 2016-2021
Exhibit 04: Five forces analysis
Exhibit 05: Global wood adhesives market by application 2016
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