Table of Content

1 INTRODUCTION 22
1.1 OBJECTIVES OF THE STUDY 22
1.2 MARKET DEFINITION 22
1.3 MARKET INCLUSIONS AND EXCLUSIONS 23
1.3.1 MARKET INCLUSIONS 23
1.3.2 MARKET EXCLUSIONS 23
1.4 MARKET SCOPE 23
1.4.1 WOOD ADHESIVES MARKET SEGMENTATION 23
1.4.2 YEARS CONSIDERED FOR THE STUDY 24
1.5 CURRENCY 24
1.6 UNIT CONSIDERED 24
1.7 STAKEHOLDERS 24
1.8 SUMMARY OF CHANGES 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 1 WOOD ADHESIVES MARKET: RESEARCH DESIGN 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
2.1.2.1 Key primary data sources 28
2.1.2.2 Key data from primary sources 28
2.1.2.3 Key Industry Insights 29
2.1.2.4 Breakdown of primary interviews 29
2.2 MARKET SIZE ESTIMATION 30
2.2.1 TOP-DOWN APPROACH 30
FIGURE 2 WOOD ADHESIVES MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 31
FIGURE 3 WOOD ADHESIVES MARKET SIZE ESTIMATION, BY VOLUME 31
FIGURE 4 WOOD ADHESIVES MARKET, BY REGION 32
FIGURE 5 WOOD ADHESIVES MARKET, BY APPLICATION 32
2.3 MARKET FORECAST APPROACH 33
2.3.1 SUPPLY-SIDE FORECAST 33
2.3.2 DEMAND-SIDE FORECAST 33
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 6 WOOD ADHESIVES MARKET: DATA TRIANGULATION 34
2.5 FACTOR ANALYSIS 35
2.6 ASSUMPTIONS 35
2.7 RISK ANALYSIS ASSESSMENT 36
2.8 LIMITATIONS 36
3 EXECUTIVE SUMMARY 37
TABLE 1 WOOD ADHESIVES MARKET SNAPSHOT 38
FIGURE 7 APAC TO BE THE LARGEST AND FASTEST-GROWING REGIONAL-LEVEL MARKET BETWEEN 2021 AND 2026 38
FIGURE 8 FURNITURE TO BE THE LARGEST APPLICATION BETWEEN 2021 AND 2026 39
FIGURE 9 NATURAL RESIN TYPE TO REGISTER HIGHER CAGR THAN SYNTHETIC RESIN TYPE 39
FIGURE 10 WATER BASED TO BE THE LARGEST SEGMENT DURING THE FORECAST PERIOD 40
FIGURE 11 APAC WAS THE LARGEST WOOD ADHESIVES MARKET IN 2020 41
TABLE 2 MAJOR PLAYERS PROFILED IN THIS REPORT 41
4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE WOOD ADHESIVES MARKET 42
FIGURE 12 WOOD ADHESIVES MARKET TO GROW DUE TO INCREASING DEMAND FROM EMERGING ECONOMIES 42
4.2 WOOD ADHESIVES MARKET, BY RESIN TYPE 42
FIGURE 13 NATURAL RESIN TYPE TO REGISTER HIGHER CAGR 42
4.3 APAC WOOD ADHESIVES MARKET, BY APPLICATION AND COUNTRY, 2020 43
FIGURE 14 FURNITURE SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARES 43
4.4 WOOD ADHESIVES MARKET: DEVELOPED VS. DEVELOPING COUNTRIES 43
FIGURE 15 DEVELOPING COUNTRIES TO GROW FASTER THAN DEVELOPED COUNTRIES 43
4.5 APAC WOOD ADHESIVES MARKET, BY COUNTRY, 2021–2026 44
FIGURE 16 INDIA TO BE THE FASTEST-GROWING MARKET IN THE REGION 44
5 MARKET OVERVIEW 45
5.1 INTRODUCTION 45
5.2 VALUE CHAIN ANALYSIS 45
FIGURE 17 WOOD ADHESIVES MARKET: VALUE CHAIN ANALYSIS 46
5.2.1 COVID-19 IMPACT ON VALUE CHAIN 46
5.2.1.1 Action plan against such vulnerability 46
5.3 MARKET DYNAMICS 46
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE WOOD ADHESIVES MARKET 47
5.4 IMPACT ANALYSIS OF DRIVERS 47
5.4.1 DRIVERS 47
5.4.1.1 Growing use of wood adhesives in major emerging economies 47
5.4.1.2 Increasing urban population 48
5.4.1.3 Rising new construction activities 48
5.4.1.4 Renovations and remodeling 48
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5.4.2 RESTRAINTS 48
5.4.2.1 Volatility in raw material prices 48
5.4.2.2 Increase in the use of metals and plastics in the furniture industry 48
5.4.3 OPPORTUNITIES 49
5.4.3.1 Demand for low-VOC adhesives 49
5.4.3.2 Increase in export from APAC countries 49
5.4.4 CHALLENGES 49
5.4.4.1 Controlling prices to ensure affordability 49
5.4.4.2 Stringent regulatory policies 49
5.5 PORTER’S FIVE FORCES ANALYSIS 50
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS: WOOD ADHESIVES MARKET 50
TABLE 3 WOOD ADHESIVES MARKET: PORTER’S FIVE FORCES ANALYSIS 50
5.5.1 INTENSITY OF COMPETITIVE RIVALRY 51
5.5.2 BARGAINING POWER OF BUYERS 51
5.5.3 BARGAINING POWER OF SUPPLIERS 52
5.5.4 THREAT OF SUBSTITUTES 52
5.5.5 THREAT OF NEW ENTRANTS 52
5.6 MACROECONOMIC INDICATORS 53
5.6.1 INTRODUCTION 53
5.6.2 GDP TRENDS AND FORECAST 53
TABLE 4 GDP TRENDS AND FORECAST, PERCENTAGE CHANGE 53
5.7 COVID-19 IMPACT ANALYSIS 54
5.7.1 COVID-19 ECONOMIC ASSESSMENT 54
5.7.2 MAJOR ECONOMIC EFFECTS OF COVID-19 54
5.7.3 EFFECTS ON GDP OF COUNTRIES 55
FIGURE 20 GDP FORECAST OF G20 COUNTRIES IN 2020 55
5.7.4 SCENARIO ASSESSMENT 56
FIGURE 21 FACTORS IMPACTING ECONOMY OF SELECT G20 COUNTRIES IN 2020 56
5.8 AVERAGE PRICING ANALYSIS 57
FIGURE 22 AVERAGE PRICE COMPETITIVENESS IN WOOD ADHESIVES MARKET 57
5.9 WOOD ADHESIVES ECOSYSTEM 58
FIGURE 23 WOOD ADHESIVES MARKET: ECOSYSTEM 58
5.10 YC AND YCC SHIFT 58
FIGURE 24 WOOD ADHESIVES MARKET: YC AND YCC SHIFT 58
5.11 OPERATIONAL DATA AND KEY INDUSTRY TRENDS 59
5.11.1 TRENDS AND FORECASTS IN THE BUILDING & CONSTRUCTION INDUSTRY 59
FIGURE 25 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2017–2025 59
5.12 PATENT ANALYSIS 60
5.12.1 METHODOLOGY 60
5.12.2 PUBLICATION TRENDS 60
FIGURE 26 PUBLICATION TRENDS, 2017–2021 60
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5.12.3 INSIGHTS 60
5.12.4 JURISDICTION ANALYSIS 60
FIGURE 27 JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2017–2021 61
5.12.5 TOP APPLICANTS 61
5.13 POLICY AND REGULATIONS 62
5.13.1 LEED STANDARDS 62
TABLE 5 BY ARCHITECTURAL APPLICATIONS 62
TABLE 6 BY SPECIALTY APPLICATIONS 62
TABLE 7 BY SUBSTRATE-SPECIFIC APPLICATIONS 63
5.14 TRADE ANALYSIS 63
5.14.1 TRADE SCENARIO 2017–2019 63
TABLE 8 COUNTRY-WISE EXPORT DATA, 2017–2019 63
TABLE 9 COUNTRY-WISE IMPORT DATA, 2017–2019 68
5.15 CASE STUDY ANALYSIS 73
6 WOOD ADHESIVES MARKET, BY TECHNOLOGY 74
6.1 INTRODUCTION 75
FIGURE 28 WATER-BASED TECHNOLOGY TO BE THE LARGEST SEGMENT DURING THE FORECAST PERIOD 75
TABLE 10 WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (USD MILLION) 75
TABLE 11 WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION) 76
TABLE 12 WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY, 2014–2018 (KILOTON) 76
TABLE 13 WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY, 2019–2026 (KILOTON) 76
6.2 SOLVENT BASED 77
6.2.1 APAC TO CONTINUE TO BE THE LARGEST MARKET FOR SOLVENT-BASED ADHESIVES 77
TABLE 14 SOLVENT-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (USD MILLION) 77
TABLE 15 SOLVENT-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 77
TABLE 16 SOLVENT-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (KILOTON) 78
TABLE 17 SOLVENT-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (KILOTON) 78
6.3 WATER BASED 78
6.3.1 THE GROWTH OF WATER-BASED ADHESIVES TO BE SUPPORTED BY THE DEMAND FOR ECO-FRIENDLY ADHESIVES 78
TABLE 18 WATER-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (USD MILLION) 79
TABLE 19 WATER-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 79
TABLE 20 WATER-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (KILOTON) 79
TABLE 21 WATER-BASED WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (KILOTON) 80
6.4 SOLVENTLESS 80
6.4.1 DEMAND IS INCREASING STEADILY IN APAC, WHICH IS THE LARGEST MARKET 80
TABLE 22 SOLVENTLESS WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (USD MILLION) 80
TABLE 23 SOLVENTLESS WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 81
TABLE 24 SOLVENTLESS WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (KILOTON) 81
TABLE 25 SOLVENTLESS WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (KILOTON) 81
6.5 OTHERS 82
TABLE 26 OTHER TECHNOLOGIES: WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (USD MILLION) 82
TABLE 27 OTHER TECHNOLOGIES: WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 82
TABLE 28 OTHER TECHNOLOGIES: WOOD ADHESIVES MARKET SIZE, BY REGION,
2014–2018 (KILOTON) 82
TABLE 29 OTHER TECHNOLOGIES: WOOD ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (KILOTON) 83
7 WOOD ADHESIVES MARKET, BY RESIN TYPE 84
7.1 INTRODUCTION 85
FIGURE 29 NATURAL RESIN-BASED WOOD ADHESIVES TO REGISTER HIGHER CAGR DURING THE FORECAST PERIOD 85
TABLE 30 WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (USD MILLION) 85
TABLE 31 WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION) 86
TABLE 32 WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE, 2014–2018 (KILOTON) 86
TABLE 33 WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2026 (KILOTON) 86
7.2 NATURAL RESIN 86
7.2.1 NATURAL RESIN-BASED WOOD ADHESIVES ARE GAINING POPULARITY AS AN ECO-FRIENDLY SOLUTION 86
TABLE 34 NATURAL RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2014–2018 (USD MILLION) 87
TABLE 35 NATURAL RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 87
TABLE 36 NATURAL RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2014–2018 (KILOTON) 87
TABLE 37 NATURAL RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (KILOTON) 88
7.2.2 ANIMAL BASED 88
7.2.2.1 Casein 88
7.2.2.2 Blood-albumin glue 88
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7.2.3 PLANT BASED 89
7.2.3.1 Starch based 89
7.2.3.2 Protein based 89
7.3 SYNTHETIC RESIN 89
7.3.1 MARKET GROWTH IS WEAKENING IN EUROPE AND NORTH AMERICA 89
TABLE 38 SYNTHETIC RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2014–2018, (USD MILLION) 89
TABLE 39 SYNTHETIC RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2019–2026, (USD MILLION) 90
TABLE 40 SYNTHETIC RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2014–2018 (KILOTON) 90
TABLE 41 SYNTHETIC RESIN-BASED WOOD ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (KILOTON) 90
7.3.2 THERMOSETTING RESIN 91
7.3.2.1 Urea-formaldehyde 91
7.3.2.2 Melamine formaldehyde 91
7.3.2.3 Phenol formaldehyde 91
7.3.2.4 Resorcinol and phenol-resorcinol formaldehyde 91
7.3.3 THERMOPLASTIC RESIN 92
7.3.3.1 Polyvinyl acetates 92
7.3.3.2 Hot-melt adhesives 92
7.3.4 OTHERS 92
8 WOOD ADHESIVES MARKET, BY APPLICATION 93
8.1 INTRODUCTION 94
FIGURE 30 FURNITURE TO BE THE LARGEST APPLICATION SEGMENT DURING THE FORECAST PERIOD 94
TABLE 42 WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (USD MILLION) 94
TABLE 43 WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 95
TABLE 44 WOOD ADHESIVES MARKET SIZE, BY APPLICATION, 2014–2018 (KILOTON) 95
TABLE 45 WOOD ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON) 95
8.2 FLOORING & DECK 96
8.2.1 THE USE OF WOOD ADHESIVES IS INCREASING IN FLOORING & DECK APPLICATIONS 96
TABLE 46 WOOD ADHESIVES MARKET SIZE IN FLOORING & DECK, BY REGION,
2014–2018 (USD MILLION) 96
TABLE 47 WOOD ADHESIVES MARKET SIZE IN FLOORING & DECK, BY REGION,
2019–2026 (USD MILLION) 96
TABLE 48 WOOD ADHESIVES MARKET SIZE IN FLOORING & DECK, BY REGION,
2014–2018 (KILOTON) 97
TABLE 49 WOOD ADHESIVES MARKET SIZE IN FLOORING & DECK, BY REGION,
2019–2026 (KILOTON) 97
?
8.3 PLYWOOD 97
8.3.1 URBANIZATION IS A MAJOR DRIVER IN THE PLYWOOD MARKET 97
TABLE 50 WOOD ADHESIVES MARKET SIZE IN PLYWOOD, BY REGION,
2014–2018 (USD MILLION) 98
TABLE 51 WOOD ADHESIVES MARKET SIZE IN PLYWOOD, BY REGION,
2019–2026 (USD MILLION) 98
TABLE 52 WOOD ADHESIVES MARKET SIZE IN PLYWOOD, BY REGION,
2014–2018 (KILOTON) 98
TABLE 53 WOOD ADHESIVES MARKET SIZE IN PLYWOOD, BY REGION,
2019–2026 (KILOTON) 99
8.4 FURNITURE 99
8.4.1 MARKET SHOWING SLOW AND STEADY GROWTH IN THIS SEGMENT 99
TABLE 54 WOOD ADHESIVES MARKET SIZE IN FURNITURE, BY REGION,
2014–2018 (USD MILLION) 99
TABLE 55 WOOD ADHESIVES MARKET SIZE IN FURNITURE, BY REGION,
2019–2026 (USD MILLION) 100
TABLE 56 WOOD ADHESIVES MARKET SIZE IN FURNITURE, BY REGION,
2014–2018 (KILOTON) 100
TABLE 57 WOOD ADHESIVES MARKET SIZE IN FURNITURE, BY REGION,
2019–2026 (KILOTON) 100
8.5 CABINET 101
8.5.1 APAC IS THE LARGEST MARKET LED BY URBANIZATION IN THE REGION’S DEVELOPING COUNTRIES 101
TABLE 58 WOOD ADHESIVES MARKET SIZE IN CABINET, BY REGION,
2014–2018 (USD MILLION) 101
TABLE 59 WOOD ADHESIVES MARKET SIZE IN CABINET, BY REGION,
2019–2026 (USD MILLION) 101
TABLE 60 WOOD ADHESIVES MARKET SIZE IN CABINET, BY REGION,
2014–2018 (KILOTON) 102
TABLE 61 WOOD ADHESIVES MARKET SIZE IN CABINET, BY REGION,
2019–2026 (KILOTON) 102
8.6 PARTICLE BOARD 103
8.6.1 DEMAND FOR PARTICLE BOARDS IS INCREASING DUE TO THE DEMAND FOR CONTEMPORARY FURNITURE 103
TABLE 62 WOOD ADHESIVES MARKET SIZE IN PARTICLE BOARD, BY REGION,
2014–2018 (USD MILLION) 103
TABLE 63 WOOD ADHESIVES MARKET SIZE IN PARTICLE BOARD, BY REGION,
2019–2026 (USD MILLION) 103
TABLE 64 WOOD ADHESIVES MARKET SIZE IN PARTICLE BOARD, BY REGION,
2014–2018 (KILOTON) 104
TABLE 65 WOOD ADHESIVES MARKET SIZE IN PARTICLE BOARD, BY REGION,
2019–2026(KILOTON) 104
8.7 WINDOW & DOOR 105
8.7.1 DEMAND IS INCREASING AS THE CONSTRUCTION ACTIVITIES RESUME WORLDWIDE 105
TABLE 66 WOOD ADHESIVES MARKET SIZE IN WINDOW & DOOR, BY REGION,
2014–2018 (USD MILLION) 105
TABLE 67 WOOD ADHESIVES MARKET SIZE IN WINDOW & DOOR, BY REGION,
2019–2026 (USD MILLION) 105
TABLE 68 WOOD ADHESIVES MARKET SIZE IN WINDOW & DOOR, BY REGION,
2014–2018 (KILOTON) 106
TABLE 69 WOOD ADHESIVES MARKET SIZE IN WINDOW & DOOR, BY REGION,
2019–2026 (KILOTON) 106
8.8 OTHERS 107
TABLE 70 WOOD ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2018 (USD MILLION) 107
TABLE 71 WOOD ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2026 (USD MILLION) 107
TABLE 72 WOOD ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014–2018 (KILOTON) 107
TABLE 73 WOOD ADHESIVES MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2026 (KILOTON) 108
9 WOOD ADHESIVES MARKET, BY REGION 109
9.1 INTRODUCTION 110
FIGURE 31 GEOGRAPHIC SNAPSHOT: THE WOOD ADHESIVES MARKET IN APAC TO REGISTER THE HIGHEST GROWTH 110
TABLE 74 WOOD ADHESIVES MARKET SIZE, BY REGION, 2014–2018 (USD MILLION) 111
TABLE 75 WOOD ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (USD MILLION) 111
TABLE 76 WOOD ADHESIVES MARKET SIZE, BY REGION, 2014–2018 (KILOTON) 111
TABLE 77 WOOD ADHESIVES MARKET SIZE, BY REGION, 2019–2026 (KILOTON) 112
9.2 NORTH AMERICA 112
FIGURE 32 NORTH AMERICA: WOOD ADHESIVES MARKET SNAPSHOT 113
TABLE 78 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (USD MILLION) 113
TABLE 79 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION) 114
TABLE 80 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (KILOTON) 114
TABLE 81 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON) 114
TABLE 82 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (USD MILLION) 114
TABLE 83 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION) 115
TABLE 84 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (KILOTON) 115
TABLE 85 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON) 115
TABLE 86 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (USD MILLION) 115
TABLE 87 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION) 116
TABLE 88 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (KILOTON) 116
TABLE 89 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON) 116
TABLE 90 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (USD MILLION) 117
TABLE 91 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 117
TABLE 92 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (KILOTON) 118
TABLE 93 NORTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON) 118
9.2.1 US 119
9.2.1.1 Competition among local wood adhesive manufacturers to propel the market 119
9.2.2 CANADA 119
9.2.2.1 The construction sector plays a considerable role in the Canadian GDP 119
9.2.3 MEXICO 119
9.2.3.1 Mexico is an emerging market in North America 119
9.3 EUROPE 120
FIGURE 33 EUROPE: WOOD ADHESIVES MARKET SNAPSHOT 120
TABLE 94 EUROPE: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (USD MILLION) 121
TABLE 95 EUROPE: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION) 121
TABLE 96 EUROPE: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (KILOTON) 121
TABLE 97 EUROPE: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON) 122
TABLE 98 EUROPE: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (USD MILLION) 122
TABLE 99 EUROPE: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION) 122
TABLE 100 EUROPE: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (KILOTON) 123
TABLE 101 EUROPE: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON) 123
TABLE 102 EUROPE: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (USD MILLION) 123
TABLE 103 EUROPE: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION) 123
TABLE 104 EUROPE: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (KILOTON) 124
TABLE 105 EUROPE: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON) 124
TABLE 106 EUROPE: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (USD MILLION) 124
TABLE 107 EUROPE: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 125
TABLE 108 EUROPE: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (KILOTON) 125
TABLE 109 EUROPE: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON) 125
9.3.1 GERMANY 126
9.3.1.1 New developments and investments to boost the market 126
9.3.2 FRANCE 126
9.3.2.1 Growing awareness and rise in purchasing power to propel the market 126
9.3.3 UK 126
9.3.3.1 Rising construction activity is a major factor for market growth 126
9.3.4 RUSSIA 127
9.3.4.1 Laminated timber is changing the country’s construction industry 127
9.3.5 ITALY 127
9.3.5.1 The country’s woodworking industry is focusing on modernization 127
9.3.6 TURKEY 127
9.3.6.1 Furniture is one of the promising sectors in the country 127
9.3.7 REST OF EUROPE 127
9.4 APAC 128
FIGURE 34 APAC: WOOD ADHESIVES MARKET SNAPSHOT 128
TABLE 110 APAC: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (USD MILLION) 129
TABLE 111 APAC: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION) 129
TABLE 112 APAC: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (KILOTON) 130
TABLE 113 APAC: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON) 130
TABLE 114 APAC: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (USD MILLION) 131
TABLE 115 APAC: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION) 131
TABLE 116 APAC: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (KILOTON) 131
TABLE 117 APAC: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON) 131
TABLE 118 APAC: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (USD MILLION) 132
TABLE 119 APAC: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION) 132
TABLE 120 APAC: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (KILOTON) 132
TABLE 121 APAC: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON) 133
TABLE 122 APAC: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (USD MILLION) 133
TABLE 123 APAC: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 133
TABLE 124 APAC: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (KILOTON) 134
TABLE 125 APAC: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON) 134
9.4.1 CHINA 134
9.4.1.1 The country is one of the prominent producers and consumers of wood adhesives 134
9.4.2 INDIA 135
9.4.2.1 India is one of the potential markets for wood adhesives 135
9.4.3 JAPAN 135
9.4.3.1 Construction sector to impact the wood adhesives market 135
9.4.4 SOUTH KOREA 135
9.4.4.1 Growth in the industrial sector to fuel the demand 135
9.4.5 TAIWAN 136
9.4.5.1 Growth in the construction industry to impact the market 136
9.4.6 THAILAND 136
9.4.6.1 Increase in demand for home furniture to drive the market 136
9.4.7 MALAYSIA 136
9.4.7.1 The country exports around 80% of its furniture produced 136
9.4.8 REST OF APAC 136
9.5 SOUTH AMERICA 137
FIGURE 35 SOUTH AMERICA: WOOD ADHESIVES MARKET SNAPSHOT 137
TABLE 126 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (USD MILLION) 137
TABLE 127 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION) 138
TABLE 128 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2014–2018 (KILOTON) 138
TABLE 129 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON) 138
TABLE 130 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (USD MILLION) 139
TABLE 131 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION) 139
TABLE 132 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2014–2018 (KILOTON) 139
TABLE 133 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON) 139
TABLE 134 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (USD MILLION) 140
TABLE 135 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION) 140
TABLE 136 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2014–2018 (KILOTON) 140
TABLE 137 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON) 141
TABLE 138 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (USD MILLION) 141
TABLE 139 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 141
TABLE 140 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2014–2018 (KILOTON) 142
TABLE 141 SOUTH AMERICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON) 142
9.5.1 BRAZIL 143
9.5.1.1 The country is one of the fastest-growing manufacturing hubs in the world 143
9.5.2 ARGENTINA 143
9.5.2.1 Strategic Industrial Plan supporting the market growth 143
9.5.3 COLOMBIA 143
9.5.3.1 Rising demand from furniture, plywood, and cabinet segments to drive the demand 143
9.5.4 REST OF SOUTH AMERICA 143
9.6 MIDDLE EAST & AFRICA 144
FIGURE 36 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SNAPSHOT 144
TABLE 142 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY, 2014–2018 (USD MILLION) 144
TABLE 143 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION) 145
TABLE 144 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY, 2014–2018 (KILOTON) 145
TABLE 145 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON) 145
TABLE 146 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE, 2014–2018 (USD MILLION) 146
TABLE 147 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2026 (USD MILLION) 146
TABLE 148 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE, 2014–2018 (KILOTON) 146
TABLE 149 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY RESIN TYPE, 2019–2026 (KILOTON) 146
TABLE 150 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY, 2014–2018 (USD MILLION) 147
TABLE 151 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY, 2019–2026 (USD MILLION) 147
TABLE 152 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY, 2014–2018 (KILOTON) 147
TABLE 153 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY TECHNOLOGY, 2019–2026 (KILOTON) 148
TABLE 154 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION, 2014–2018 (USD MILLION) 148
TABLE 155 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION) 148
TABLE 156 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION, 2014–2018 (KILOTON) 149
TABLE 157 MIDDLE EAST & AFRICA: WOOD ADHESIVES MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON) 149
9.6.1 UAE 149
9.6.1.1 Demand for wood adhesives from the furniture and woodworking industries is increasing 149
9.6.2 SAUDI ARABIA 150
9.6.2.1 Development of the real-estate sector and increasing demand for residential properties to spur market growth 150
9.6.3 AFRICA 150
9.6.3.1 Increasing population and urbanization of the region to boost the market 150
9.6.4 REST OF MIDDLE EAST 150
10 COMPETITIVE LANDSCAPE 151
10.1 OVERVIEW 151
FIGURE 37 INVESTMENT & EXPANSION WAS THE MOST PREFERRED STRATEGY BY
THE LEADING PLAYERS BETWEEN 2017 AND 2021 151
10.2 MARKET SHARE ANALYSIS 152
TABLE 158 WOOD ADHESIVES MARKET: DEGREE OF COMPETITION 152
FIGURE 38 WOOD ADHESIVES MARKET: MARKET SHARE ANALYSIS IN 2020 152
10.3 MARKET RANKING ANALYSIS 153
TABLE 159 RANKING OF KEY PLAYERS 153
10.4 REVENUE ANALYSIS 154
FIGURE 39 REVENUE ANALYSIS OF KEY PLAYERS IN THE PAST FIVE YEARS 154
10.5 COMPANY EVALUATION QUADRANT, 2020 155
10.5.1 STAR 155
10.5.2 EMERGING LEADERS 155
10.5.3 PERVASIVE 155
10.5.4 PARTICIPANTS 155
FIGURE 40 WOOD ADHESIVES MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020 156
10.6 SME MATRIX, 2020 157
10.6.1 PROGRESSIVE COMPANIES 157
10.6.2 DYNAMIC COMPANIES 157
10.6.3 STARTING BLOCKS 157
10.6.4 RESPONSIVE COMPANIES 157
FIGURE 41 WOOD ADHESIVES MARKET: EMERGING COMPANIES’ COMPETITIVE LEADERSHIP MAPPING, 2020 158
10.7 STRENGTH OF PRODUCT PORTFOLIO 159
FIGURE 42 WOOD ADHESIVES MARKET: STRENGTH OF PRODUCT PORTFOLIO 159
?
10.8 BUSINESS STRATEGY EXCELLENCE 160
FIGURE 43 WOOD ADHESIVES MARKET: BUSINESS STRATEGY EXCELLENCE 160
10.9 COMPETITIVE SCENARIO 161
10.9.1 MARKET EVALUATION FRAMEWORK 161
TABLE 160 STRATEGIC DEVELOPMENTS BY COMPANIES 161
TABLE 161 MOST FOLLOWED STRATEGY 161
TABLE 162 GROWTH STRATEGIES ADOPTED BY KEY COMPANIES 161
10.9.2 MARKET EVALUATION MATRIX 162
TABLE 163 COMPANY PRODUCT FOOTPRINT 162
TABLE 164 COMPANY REGION FOOTPRINT 162
TABLE 165 COMPANY APPLICATION FOOTPRINT 162
10.10 STRATEGIC DEVELOPMENTS 163
10.10.1 DEALS 163
TABLE 166 DEALS, 2017–2021 163
10.10.2 OTHERS 164
TABLE 167 OTHERS, 2017–2021 164
10.10.3 NEW PRODUCT LAUNCHES 165
TABLE 168 NEW PRODUCT LAUNCHES, 2017–2021 165
11 COMPANY PROFILES 166
11.1 KEY COMPANIES 166
(Business Overview, Products. Key Insights, Recent Developments, MnM View)*
11.1.1 HENKEL AG 166
TABLE 169    HENKEL AG: BUSINESS OVERVIEW    166
FIGURE 44    HENKEL AG: COMPANY SNAPSHOT    167
TABLE 170    HENKEL AG: PRODUCT OFFERINGS    167
TABLE 171    HENKEL AG: OTHER DEVELOPMENTS    168
11.1.2    THE 3M COMPANY    170
TABLE 172    THE 3M COMPANY: BUSINESS OVERVIEW    170
FIGURE 45    THE 3M COMPANY: COMPANY SNAPSHOT    171
TABLE 173    THE 3M COMPANY: PRODUCT OFFERINGS    171
11.1.3    SIKA AG    173
TABLE 174    SIKA AG: BUSINESS OVERVIEW    173
FIGURE 46    SIKA AG: COMPANY SNAPSHOT    174
TABLE 175    SIKA AG: PRODUCT OFFERINGS    174
TABLE 176    SIKA AG: DEALS    175
TABLE 177    SIKA AG: OTHER DEVELOPMENTS    175
11.1.4    H.B. FULLER    176
TABLE 178    H.B. FULLER: BUSINESS OVERVIEW    176
FIGURE 47    H.B. FULLER: COMPANY SNAPSHOT    177
TABLE 179    H.B. FULLER: PRODUCT OFFERINGS    177
TABLE 180    H.B. FULLER: OTHER DEVELOPMENTS    178
TABLE 181    H.B. FULLER: NEW PRODUCT LAUNCH    178
11.1.5    ARKEMA    180
TABLE 182    ARKEMA: BUSINESS OVERVIEW    180
FIGURE 48    ARKEMA: COMPANY SNAPSHOT    181
TABLE 183    ARKEMA: PRODUCT OFFERINGS    181
TABLE 184    ARKEMA: DEALS    182
11.1.6    ASHLAND INC.    183
TABLE 185    ASHLAND INC.: BUSINESS OVERVIEW    183
FIGURE 49    ASHLAND INC.: COMPANY SNAPSHOT    183
TABLE 186    ASHLAND INC.: PRODUCT OFFERINGS    184
11.1.7    AKZO NOBEL N.V.    185
TABLE 187    AKZO NOBEL N.V.: BUSINESS OVERVIEW    185
FIGURE 50    AKZO NOBEL N.V.: COMPANY SNAPSHOT    186
TABLE 188    AKZO NOBEL N.V.: PRODUCT OFFERING    186
11.1.8    DOW INC.    187
TABLE 189    DOW INC.: BUSINESS OVERVIEW    187
FIGURE 51    DOW INC.: COMPANY SNAPSHOT    188
TABLE 190    DOW INC.: PRODUCT OFFERINGS    188
11.1.9    PIDILITE INDUSTRIES    189
TABLE 191    PIDILITE INDUSTRIES: BUSINESS OVERVIEW    189
FIGURE 52    PIDILITE INDUSTRIES: COMPANY SNAPSHOT    190
TABLE 192    PIDILITE INDUSTRIES: PRODUCT OFFERINGS    190
11.1.10    JUBILANT INDUSTRIES    191
TABLE 193    JUBILANT INDUSTRIES: BUSINESS OVERVIEW    191
FIGURE 53    JUBILANT INDUSTRIES: COMPANY SNAPSHOT    191
TABLE 194    JUBILANT INDUSTRIES: PRODUCT OFFERINGS    192
11.2    OTHER PLAYERS    193
11.2.1    BEARDOW ADAMS    193
TABLE 195    BEARDOW ADAMS: BUSINESS OVERVIEW    193
11.2.2    BISON INTERNATIONAL BV    194
TABLE 196    BISON INTERNATIONAL BV: BUSINESS OVERVIEW    194
11.2.3    BRITANNIA ADHESIVES    195
TABLE 197    BRITANNIA ADHESIVES: BUSINESS OVERVIEW    195
11.2.4    CATTIE ADHESIVES    196
TABLE 198    CATTIE ADHESIVES: BUSINESS OVERVIEW    196
11.2.5    DAP PRODUCTS INC.    197
TABLE 199    DAP PRODUCTS INC: BUSINESS OVERVIEW    197
11.2.6    FOLLMANN GMBH & CO. KG    198
TABLE 200    FOLLMANN GMBH & CO. KG: BUSINESS OVERVIEW    198
11.2.7    FRANKLIN ADHESIVES & POLYMERS    199
TABLE 201    FRANKLIN ADHESIVES & POLYMERS: BUSINESS OVERVIEW    199

11.2.8    IFS INDUSTRIES, INC.    200
TABLE 202    IFS INDUSTRIES, INC: BUSINESS OVERVIEW    200
11.2.9    JOWAT SE    201
TABLE 203    JOWAT SE: BUSINESS OVERVIEW    201
11.2.10    MAPEI SPA    202
TABLE 204    MAPEI SPA: BUSINESS OVERVIEW    202
11.2.11    STAUF USA    203
TABLE 205    STAUF USA: BUSINESS OVERVIEW    203
*Details on Business Overview, Products, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
12    ADJACENT/RELATED MARKETS    204
12.1    INTRODUCTION    204
12.2    LIMITATION    204
12.3    SOLVENT-BASED ADHESIVES    204
12.3.1    MARKET DEFINITION    204
12.3.2    MARKET OVERVIEW    204
12.3.3    SOLVENT-BASED ADHESIVES MARKET, BY CHEMISTRY    204
TABLE 206    SOLVENT-BASED ADHESIVES MARKET SIZE, BY CHEMISTRY,
2019–2026 (USD MILLION)    205
TABLE 207    SOLVENT-BASED ADHESIVES MARKET SIZE, BY CHEMISTRY,
2019–2026 (KILOTON)    205
12.3.3.1    Polyurethane adhesives    205
12.3.3.2    Acrylic adhesives    206
12.3.3.3    Polyamide adhesives    206
12.3.3.4    Vinyl acetate adhesives    206
12.3.3.5    Chloroprene rubber (CR) adhesives    206
12.3.3.6    PVC copolymers    206
12.3.3.7    Natural rubber    206
12.3.3.8    Synthetic rubber adhesives    207
12.3.3.9    Nitrile rubber    207
12.3.3.10    Others    207
12.3.4    SOLVENT-BASED ADHESIVES MARKET, BY END-USE INDUSTRY    207
TABLE 208    SOLVENT-BASED ADHESIVES MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (USD MILLION)    207
TABLE 209    SOLVENT-BASED ADHESIVES MARKET SIZE, BY END-USE INDUSTRY,
2019–2026 (KILOTON)    208
12.3.4.1    Paper & Packaging    208
12.3.4.2    Building & Construction    208
12.3.4.3    Woodworking    208
12.3.4.4    Automotive    208
12.3.4.5    Aerospace    209
12.3.4.6    Medical    209
12.3.4.7    Leather & Footwear    209
12.3.4.8    Others    209
12.3.5    SOLVENT-BASED ADHESIVES MARKET, BY REGION    209
TABLE 210    SOLVENT-BASED ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)    210
TABLE 211    SOLVENT-BASED ADHESIVES MARKET SIZE, BY REGION,
2019–2026 (KILOTON)    210
12.3.5.1    APAC    210
12.3.5.2    North America    210
12.3.5.3    Europe    211
12.3.5.4    South America    211
12.3.5.5    Middle East & Africa    211
13    APPENDIX    212
13.1    DISCUSSION GUIDE    212
13.2    KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL    215
13.3    AVAILABLE CUSTOMIZATIONS    217
13.4    RELATED REPORTS    217
13.5    AUTHOR DETAILS    218"