The Asia Pacific Wood Adhesives Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,899.07 Kilo Tonnes, showcasing a growth of 7.4% (2019-2022).
The increased use of engineered wood products in construction and furniture manufacturing amplifies the demand for high-performance adhesives. Wood adhesives are extensively used in woodworking and furniture manufacturing for bonding wooden components. Adhesives offer a strong and durable bond, which enhances the overall stability of the final products, whether they are assembled as wooden fixtures, tables, chairs, or cabinets.
In the construction industry, wood adhesives are employed for bonding structural components such as beams, panels, and laminated timber. Engineered wood products, including plywood and laminated veneer lumber, rely on adhesives to bond layers of wood, enhancing their strength and stability. These contribute to constructing wooden buildings and structures, providing reliable and long-lasting bonding solutions. These find applications in the automotive industry for bonding wooden components used in interior design.
The demand for wooden packaging materials, including crates, pallets, and wooden boxes, has increased in tandem with the growth of the packaging industry in China. China’s robust industrial sector has increased production and shipment of goods, necessitating efficient and reliable packaging solutions. The growth of China's furniture and appliance industry necessitates robust packaging solutions. The demand for premium and customized gift packaging in China often involves using wooden materials. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Wood Adhesives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,515.6 million by 2030. The Japan market is registering a CAGR of 7.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9.1% during (2023 - 2030).
Free Valuable Insights: The Global Wood Adhesives Market is Predict to reach $ 11.7 Billion by 2030, at a CAGR of 8.1%
Based on Application, the market is segmented into Furniture, Flooring, Housing Components, Doors & Windows and Others. Based on Substrate, the market is segmented into Particle Board (PB), Solid Wood, Oriented Strand Board (OSB), Plywood, Medium-Density Fiberboard (MDF), High-Density Fiberboard (HDF), and Others. Based on Product, the market is segmented into Urea-Formaldehyde (UF), Melamine Urea-Formaldehyde (MUF), Phenol-Formaldehyde (PF), Isocyanates, Polyvinyl Acetate (PVA), Polyurethane and Soy-based. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Substrate (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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