Wood Adhesives Market: By Type, By Technology, By Application and By Geography 2019-2030

Wood Adhesives Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Urea Formaldehyde, Phenol-Formaldehyde, Isocyanates, Polyurethane, Polyvinyl Acetate, Others), By Technology (Solvent Based, Water Based, Others), By Application (Flooring, Furniture, Window and Doors, Housing Components, Others) and By Region 2019-2030

The Wood Adhesives Market was valued over US$ 4,800 million in 2023 and grew at 5.0% CAGR over the historical years (2019 - 2023). The Wood Adhesives Market is projected to reach around US$ 7,200 million by 2030 at a CAGR of 5.5%. The growing production of engineered wood-based panels, such as particle board, oriented strand board (OSB), and plywood, is expected to drive the growth of the global wood adhesive market. Adhesives in large quantities are needed for the manufacturing operations of these panels. The market is expanding because to growing consumer demand for sustainable and eco-friendly furniture options brought on by concern about environmental impact and deforestation. The demand for wood adhesives is increased due to urbanization and rising disposable incomes, especially in the residential and commercial building sectors where they are crucial for strengthening durability and bonding structural parts. Market expansion is further supported by government programs that promote sustainable construction techniques.

Recent Developments in the Wood Adhesives Market

  • In January 2023, Sika introduced MB EZ Rapid, a single-component, quick-drying moisture barrier and adhesive substrate consolidator for all residential and commercial floor covering applications. Sika MB EZ Rapid is suitable for plywood, concrete, gypsum, and old cutback adhesive.
  • In July 2022, Henkel Adhesive Technologies has expanded its timber construction solutions expertise by investing in 3RT in Melbourne, Australia. Henkel plans to use the investment to grow its engineered wood business and accelerate the adoption of sustainable, future-oriented technology.

Wood Adhesives Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

5.5%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Wood Adhesives Market Dynamics

The wood adhesive market dynamics are influenced by stringent environmental regulations worldwide, particularly concerning volatile organic compound (VOC) emissions during adhesive usage. Wood adhesives are frequently used in interior finishes such as panelling, cabinetry, and millwork in commercial construction. These adhesives provide strong bonding that can endure the demands of commercial settings, as well as visual attractiveness and design flexibility, making it easier to assemble wood-based components. Moreover, the growing infrastructure industry fuels the need for wood adhesives in a range of applications, including public buildings, tunnels, and bridges. The production of prefabricated wood components used in these projects requires adhesives, which facilitates effective construction methods and shortens project completion times.

Wood adhesives' adaptability goes beyond conventional building practices to include cutting-edge approaches like mass timber construction and modular building systems. By utilizing wood adhesives, these cutting-edge construction techniques help buildings attain energy efficiency, seismic resistance, and structural integrity. This regulatory landscape is pushing manufacturers towards developing bio-based adhesives as alternatives. Fluctuations in raw material prices, such as resins and solvents, pose challenges to market players by impacting production costs and profitability. Despite these challenges, there are opportunities for growth through product innovation aimed at improving adhesive performance, sustainability, and meeting specific application requirements like outdoor durability and fire resistance. Investments in research and development are crucial for adhesive manufacturers to innovate and differentiate their products in a competitive market landscape.

Wood Adhesives Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024 - 2030

Market Size in 2023

US$ 4,800 million

Market Size in 2030

US$ 7,200 million

Market CAGR

5.5%

By Type

  • Urea Formaldehyde
  • Phenol-Formaldehyde
  • Isocyanates
  • Polyurethane
  • Polyvinyl Acetate
  • Others

By Technology

  • Solvent Based
  • Water Based
  • Others

By Application

  • Flooring
  • Furniture
  • Window and Doors
  • Housing Components
  • Others

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The Wood Adhesives Market was valued at US$ 4,800 million in 2023 and is projected to reach US$ 7,200 million by 2030, growing at a CAGR of 5.5 %.

The wood adhesive market is primarily driven by the rising construction industry.

The global wood adhesives market is being driven primarily by an increase in demand for long-lasting and environmentally friendly bonding solutions, as well as technological improvements aimed at improving wood product performance and sustainability.

Market research is segmented type, technology, application and region.

Asia-Pacific is estimated to Fastest growing with the highest CAGR over the forecast period.

1. Executive Summary
2. Global Wood Adhesives Market Introduction 
2.1.Global Wood Adhesives Market  - Taxonomy
2.2.Global Wood Adhesives Market  - Definitions
2.2.1.Type 
2.2.2.Technology
2.2.3.Application
2.2.4.Region
3. Global Wood Adhesives Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Wood Adhesives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Wood Adhesives Market  By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Urea Formaldehyde
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Phenol-Formaldehyde
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Isocyanates
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Polyurethane
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Polyvinyl Acetate
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Others
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6. Global Wood Adhesives Market  By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Solvent Based
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Water Based
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Others
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7. Global Wood Adhesives Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Flooring
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Furniture
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Window and Doors
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Housing Components
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. Global Wood Adhesives Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. North America Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Urea Formaldehyde
9.1.2.Phenol-Formaldehyde
9.1.3.Isocyanates
9.1.4.Polyurethane
9.1.5.Polyvinyl Acetate
9.1.6.Others
9.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Solvent Based
9.2.2.Water Based
9.2.3.Others
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Flooring
9.3.2.Furniture
9.3.3.Window and Doors
9.3.4.Housing Components
9.3.5.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10. Europe Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Urea Formaldehyde
10.1.2.Phenol-Formaldehyde
10.1.3.Isocyanates
10.1.4.Polyurethane
10.1.5.Polyvinyl Acetate
10.1.6.Others
10.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Solvent Based
10.2.2.Water Based
10.2.3.Others
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Flooring
10.3.2.Furniture
10.3.3.Window and Doors
10.3.4.Housing Components
10.3.5.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Urea Formaldehyde
11.1.2.Phenol-Formaldehyde
11.1.3.Isocyanates
11.1.4.Polyurethane
11.1.5.Polyvinyl Acetate
11.1.6.Others
11.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Solvent Based
11.2.2.Water Based
11.2.3.Others
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Flooring
11.3.2.Furniture
11.3.3.Window and Doors
11.3.4.Housing Components
11.3.5.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Urea Formaldehyde
12.1.2.Phenol-Formaldehyde
12.1.3.Isocyanates
12.1.4.Polyurethane
12.1.5.Polyvinyl Acetate
12.1.6.Others
12.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Solvent Based
12.2.2.Water Based
12.2.3.Others
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Flooring
12.3.2.Furniture
12.3.3.Window and Doors
12.3.4.Housing Components
12.3.5.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Wood Adhesives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Urea Formaldehyde
13.1.2.Phenol-Formaldehyde
13.1.3.Isocyanates
13.1.4.Polyurethane
13.1.5.Polyvinyl Acetate
13.1.6.Others
13.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Solvent Based
13.2.2.Water Based
13.2.3.Others
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Flooring
13.3.2.Furniture
13.3.3.Window and Doors
13.3.4.Housing Components
13.3.5.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.3M Company
14.2.2.Akzo Nobel N.V.
14.2.3.B. Fuller Company
14.2.4.Jubilant Industries Ltd
14.2.5.Henkel AG & Co. KGaA
14.2.6.Sika AG
14.2.7.Aica Kogyo Co., Ltd
14.2.8.Ashland Inc
14.2.9.Pidilite Industries Ltd
14.2.10.Arkema Group
14.2.11.Dow Dupoint Inc
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • 3M Company
  • Akzo Nobel N.V.
  • B. Fuller Company
  • Jubilant Industries Ltd
  • Henkel AG & Co. KGaA
  • Sika AG
  • Aica Kogyo Co., Ltd
  • Ashland Inc
  • Pidilite Industries Ltd
  • Arkema Group
  • Dow Dupoint Inc

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