Global Wood adhesives Market Worth USD 4.92 Billion by 2020

Date: 2016-09-12

Growth in the construction industry is expected to boost the demand for wood products. This would lead to growth in demand for wood adhesives and binders, especially for structural bonding applications. According to research, global wood adhesives market worth USD 4.92 Billion by 2020.

However, volatile feedstock prices for petroleum-based wood adhesives and binders and regulations on chemicals emitting volatile organic compounds (VOCs) are expected to hamper the growth of the wood adhesives and binders market.

Wood adhesives and binders are used to bind together wood surfaces to create panels. They have high bond strength, durability, and temperature and chemical resistance, which provide customers with cost-effective solutions. They are used for various industrial and consumer applications such as in flooring, furniture and subcomponents, windows and doors, and cabinets.

The wood adhesives market has been segmented based on the following product types: Urea-formaldehyde, Casein, melamine-urea-formaldehyde, phenol-formaldehyde, isocyanates, soy-based, Cyanoacrylate and others.

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Joanna | Executive – International Business and partner Relations
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