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The global
wood
adhesive
market will grow at a CAGR of 3.1% per year for 2016-2026 and is expected to reach US$5.24 billion by 2026.
growth
the furniture, wood processing and construction industries, the growth of the urban population, and the recovery of the global economy are important factors in the growth of the global
wood adhesives
market.
furniture is the largest wood adhesive application market, urban population growth, housing growth led to the growth of the furniture industry, promote the development of wood adhesive market.
according
the
type of resin, the global wood adhesive is divided into natural resin adhesive and artificial resin adhesive.
Synthetic Resins
is expected to have the largest market share in the global wood adhesive market due to the excellent performance of synthetic resin wood adhesives such as fast curing time and consumer usage. Synthetic resin wood adhesives are increasingly used in furniture,
floor
,
plywood
cabinets.
North America, Europe, Asia Pacific, South America and the Middle East and Africa are the most critical regions for global wood adhesives, and Asia-Pacific leads the global wood adhesive market, value and quantity. China and India are major markets for wood adhesives in the Asia-Pacific region. Increased construction activity, higher income levels, and lifestyle changes are factors that are leading to the growing demand for wood adhesives in the Asia-Pacific region.
however, in European countries, environmental regulations as a major constraint affect the growth of the global wood adhesive market. Under EU environmental law, there are more than 500 directives, regulations and related environmental and green environmental decisions. Key environmental regulations include the Environmental Protection Agency Act of 1992, the Planning and Development Act 2000 and the Environmental Act 2003.
's key players in the global wood adhesive market include Henkel AG and Co. KGaA (Germany), 3M Company (USA),Bostik SA (France), H.B. Fuller (USA), Sika AG (Switzerland), Ashland Inc. (USA).), Akzo
nobel N.V. (Netherlands), and Pidilite Industries (I India).