Wood Adhesives Market Report, By Resin Type, Source, Application and Geography Outlook 2024

. The global wood adhesives market is primarily driven by factors such as, innovations in furniture & décor, rising urban population, increase disposable income and increasing consumer spending on luxury furniture. One of the major trends which will influenced the wood adhesives market during the forecast period is the significant shift of consumers towards bio-based wood adhesives owing to the characteristics like low toxicity, biodegradability, and lower prices. However, strict environmental regulation imposed by the government are is projected to hinder the growth of the market.

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The report analyses the wood adhesives market by resin type into natural resin adhesives and synthetic resin adhesives. Natural resin adhesives are further sub segmented into animal based and plant based. Synthetic resin adhesives are further bifurcated into thermosetting resin adhesives, thermoplastic resin adhesives and others. The synthetic resin adhesive dominated the global wood adhesive market and accounted for highest market share in terms of volume. Moreover, natural resin adhesives segment is expected to grow at a faster pace during the forecast period owing to increasing need of green products, high environmental standards and price volatility of petrochemical compound.

Based on technology, the market is segmented into solvent based, water based, solvent less and others. The solvent based segment dominates the market owing to its characteristics like bonding strength, resistance to chemicals and temperature, and durability. Moreover, the demand for solvent less segment is expected to grow during the forecast period. This growth is mainly attributed to Increasing awareness related to health and environmental issues intensified the demand for water borne and solvent free adhesive technologies.

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By application the market is bifurcated into furniture, plywood, particle board, flooring and decks, cabinets, windows and doors and others including marine, tile board, shutters, sidings, ceilings, and wooden toys. Amongst all major application, the furniture segment is projected to grow at high pace, due to wide expansion of furniture industries and rising construction spending in developed and developing economies.