The Wood Adhesives Market is Predict to reach USD 11.7 Billion by 2030, at a CAGR of 8.1%

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Wood Adhesives Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Wood Adhesives Market size is expected to reach $11.7 billion by 2030, rising at a market growth of 8.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,710.63 Kilo Tonnes, experiencing a growth of 7.2% (2019-2022).

Wood adhesives are extensively used in cabinet making and joinery work. Whether it’s constructing cabinets for kitchens or crafting intricate joinery details, adhesives play a vital role in assuring the strength and durability of the assembled wooden pieces. The use of adhesives allows for precise and seamless joints in cabinetry and joinery projects. The construction of musical instruments, including pianos and guitars, often involves wood adhesives. These adhesives bond various wooden components, including the body, neck, and soundboard. Selecting the right adhesive is critical to achieving the instrument's desired tonal qualities and structural integrity.

Wood adhesives have become popular in do-it-yourself (DIY) and home improvement projects. Whether bonding wooden panels, assembling furniture, or crafting wooden decor items, adhesives offer a user-friendly solution for individuals engaging in woodworking projects at home. Wood adhesives are essential in the manufacturing of wooden flooring products. They bond individual wood planks or layers in engineered wood flooring, providing stability and preventing warping or buckling. The use of adhesives ensures a secure and durable flooring solution. Wood adhesives bond various wooden elements in arts and crafts projects.

The Flooring segment would exhibit a CAGR of 7.8% during (2023 - 2030). Wood adhesives are commonly used in the installation of hardwood flooring. The adhesive creates a strong bond between the hardwood planks and the subfloor, ensuring a stable and durable floor. This application is popular in residential and commercial settings where the aesthetics and natural beauty of hardwood flooring are desired. Laminate flooring, which consists of a high-density fiberboard (HDF) core with a printed image layer and a protective top layer, is installed using wood adhesives.

The Particle Board (PB) segment is generating highest revenue in the Global Wood Adhesives Market by Substrate in 2022; thereby, achieving a market value of $2.7 billion by 2030. Particle board is a commonly used material in the furniture industry for constructing various furniture pieces, including cabinets, shelves, and tables. Wood adhesives are crucial in bonding the wood particles, ensuring furniture products' structural integrity and stability. Particle board is used for interior paneling and decorative surfaces, contributing to the aesthetics of residential and commercial spaces.

The Phenol-Formaldehyde (PF) segment is experiencing a CAGR of 7.5% during (2023 - 2030). PF adhesives create durable, long-lasting bonds that withstand various environmental conditions, including temperature fluctuations, moisture exposure, and prolonged use. This durability contributes to the extended service life of wood-based products, making PF adhesives suitable for applications that require robust bonding performance. Phenol-formaldehyde adhesives exhibit high heat resistance, making them suitable for applications that involve elevated temperatures during manufacturing processes.

Full Report: https://www.kbvresearch.com/wood-adhesives-market/

The Asia Pacific region dominated the Global Wood Adhesives Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.7 billion by 2030. The Europe region is anticipated to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 7.8% during (2023 - 2030).

List of Key Companies Profiled

DuPont de Nemours, Inc.
Akzo Nobel N.V.
3M Company
Henkel AG & Company, KGaA
Ashland, Inc.
H.B. Fuller Company
Sika AG
Bostik S.A. (Arkema S.A.)
Pidilite Industries Ltd.
Jubilant Industries Limited (Jubilant Bhartia Group)

Wood Adhesives Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Furniture
Flooring
Housing Components
Doors & Windows
Others

By Substrate (Volume, Kilo Tonnes, USD Billion, 2019-2030)

By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA