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Published Date
28-10-2014
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Press Release
Wood Adhesives and Binders Market is Anticipated to Reach USD 17.77
Billion by 2020
REPORT DESCRIPTION
Transparency Market Research has published a new market report titled Wood Adhesives and Binders
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020. According to the
report, the global wood adhesives and binders market was valued at USD 13.15 billion in 2013 and is
expected to reach USD 17.77 billion by 2020, expanding at a CAGR of 4.4% between 2014 and 2020. In
terms of volume, the global wood adhesives and binders market stood at 16,207.7 kilo tons in 2013.
Browse the full Wood Adhesives and Binders Market report at :
http://www.transparencymarketresearch.com/wood-adhesives-binders-market.html
Increasing population across the globe is estimated to boost the market for construction projects. This, in
turn, is anticipated to propel the wood adhesives and binders market in the near future. Benefits such as
ease of use, time efficiency, lightness in weight, low prices and aesthetics are the major drivers for rising
adoption of wood adhesives and binders. However, stringent regulations associated with volatile organic
compounds (VOCs) and instability in prices of petroleum feedstock is projected to hamper market growth
during the forecast period. Furthermore, revenues are expected to grow at a slower rate compared to
volume due to price sensitivity of the end-user markets and shifting trend towards products with lower
VOCs.
In order to reduce their reliance on synthetic (petroleum-derived) wood adhesives and binders, major
industry participants have been shifting their focus towards developing bio-based wood adhesives and
binders over the past few years. Bio-based wood adhesives and binders made from soy and cellulose offer
better biocompatibility with environment.
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flag=S&rep_id=3045
North America dominated the global wood adhesives and binders market, accounting for about 33% of the
global market in terms of volume in 2013. Asia Pacific was the fastest growing market for wood adhesives
and binders, accounting for a significant share of the market volume in 2013. The market in the region is
likely to grow at a faster pace from 2014 to 2020. Europe also held a healthy share of the market in terms
of volume in 2013. Major demand growth in Europe is expected from emerging Eastern European
countries, especially Russia. RoW accounted for the least share of the total volume in 2013.
Urea-formaldehyde products emerged as the largest product segment, accounting for over 30% of the
global wood adhesives and binders market in 2013. In terms of volume, soy-based wood adhesives and
binders are expected to be the fastest growing products, expanding at a CAGR of approximately 7%
between 2014 and 2020, due to a shift towards bio-based products encouraged by stringent environment
regulations and sustainability requirements. Additionally, bio-based wood adhesives and binders offer
superior biocompatibility and negligible VOC emissions.
Flooring & plywood applications dominated the market in 2013, constituting over half the share of the
global market in terms of volume. Furniture & subcomponent applications are likely to be the fastest
growing market for wood adhesives and binders, expanding at a CAGR of over 5% from 2014 to 2020 in
terms of volume. Other applications of wood adhesives and binders include do-it-yourself (DIY) consumer
products and crafts. These are expected to grow at a slower pace during the forecast period.
The report segments the global wood adhesives and binders market as:
Wood Adhesives and Binders Market Product Segment Analysis
Urea-formaldehyde (UF)
Melamine-urea-formaldehyde (MUF)
Phenol-formaldehyde (PF)
Soy based
Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate
(EVA)
Cabinets
North America
Europe
Asia Pacific
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research scope and assumptions
1.3.1 Research scope
1.3.2 Assumptions
1.4 Research methodology
Chapter 2 Executive Summary
2.1 Global wood adhesives and binders market, 2013 2020 (Kilo Tons) (USD Million)
2.1.1 Global wood adhesives and binders market snapshot, 2013 & 2020
Chapter 3 Wood Adhesives and Binders Market- Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
3.3.1 High growth rate of construction market boosts demand for wood adhesives and binders
3.3.1.1 World construction market, 2010 - 2020 (USD Billion)
3.3.1.2 Largest construction markets in 2020 (USD Billion)
5.5.1 Global wood adhesives and binders market for windows and door applications, 2013 - 2020 (Kilo
Tons) (USD Million)
5.6 Other applications
5.6.1 Global wood adhesives and binders market for other applications, 2013 - 2020 (Kilo Tons) (USD
Million)
Chapter 6 Wood Adhesives and Binders Market - Regional Analysis
6.1 Global wood adhesives and binders market: Regional overview
6.1.1 Global wood adhesives and binders market share, by region, 2013 & 2020
6.2 North America
6.2.1 North America wood adhesives and binders market volume, by product segment, 2013 - 2020
(Kilo Tons)
6.2.2 North America wood adhesives and binders market revenues, by product segment, 2013 - 2020
(USD Million)
6.2.3 North America wood adhesives and binders market volume, by application, 2013 - 2020 (Kilo
Tons)
6.2.4 North America wood adhesives and binders market revenues, by application, 2013 - 2020 (USD
Million)
6.3 Europe
6.3.1 Europe wood adhesives and binders market volume, by product segment, 2013 - 2020 (Kilo Tons)
6.3.2 Europe wood adhesives and binders market revenue, by product segment, 2013 - 2020 (USD
Million)
6.3.3 Europe wood adhesives and binders market volume, by application, 2013 - 2020 (Kilo Tons)
6.3.4 Europe wood adhesives and binders market revenues, by application, 2013 - 2020 (USD Million)
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