Wood Adhesives and Binders Market to surge at a growth rate of 4% to 2024
Sep 11, 2019
North America Wood Adhesives and Binders Market is likely to witness a significant upsurge in the next 6-7 years
Sellbyville, United States - September 10, 2019 /MarketersMedia/ —
Wood Adhesives and Binders Market is expected to grow at over 4% and reach USD 21 billion by 2024. Robust growth indicators in construction business across the globe will be the chief growth driver for the wood adhesives and binders market over the forecast timespan. Wood adhesives and binders are extensively used in construction industry in production of cabinets, flooring, doors, windows and several other structural components. Construction industry is witnessing substantial growth with valuation in 2013 exceeding USD 7 trillion and may reach USD 13 trillion in the coming years. This trend coupled with increasing demand for improving aesthetic appearance of structures will accelerate product demand in the forecast duration.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1098
Flooring & plywood segment of wood adhesives and binders market is likely to witness gains close to CAGR 5%. This segment includes softwood and hardwood plywood applications. Booming construction & flooring industry will fuel product demand in the coming years. In 2016, overall wood adhesives and binders market for furniture & subcomponents application segment generated revenue close to USD 4 billon. Rising per capita income of consumers has fueled furniture demand considerably across the globe. Additionally, rising number of commercial projects is anticipated to influence furniture demand due to procurement of desks, chairs and several other furniture in bulk quantities.
In 2016, urea-formaldehyde segment was valued more than USD 3 billion. Its growing demand can be attributed to relatively low prices and superior bond strength. Phenol-formaldehyde segment of global wood adhesives and binders market shall expand at CAGR around 4% during the forecast timeframe owing to the numerous benefits offered such as minimum surface energy, superior performance in moist condition and chemical attack resistance. It is extensively used for medium density fiberboard and particle board manufacturing.
Rising popularity in bio-based wood adhesives and binders has opened new growth avenues for industry share contributors. For instance, polyols derived from soybean, can be used for polyurethane adhesives production. Bio-based wood adhesives and binders also offer cost and environmental benefits, which shall fuel product demand over the next few years.
Browse key industry insights spread across 128 pages with 153 market data tables & 12 figures & charts from the report, “Wood Adhesives And Binders Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/wood-adhesives-and-binders-market
Fluctuating petrochemical product prices from which wood adhesives and binders are produced, such as polyolefins, vinyl acetate, acrylates, phenols, etc., are potential hurdles in wood adhesives and binders market growth over the next few years. Moreover, VOC emission during industrial product and commercial applications cause health and environmental hazards. Hence, governments across the globe, have stringent regulations and norms for environment protect and use of products/chemicals that emit VOCs.
North America Wood adhesives and binders market, shall witness gains close to 4% CAGR during the forecast period. The product demand in this region will be primarily driven by increasing interior renovation activities in U.S on account of lavish consumer lifestyle. Asia Pacific, led by India, Japan and China, was worth more than USD 3 billion in 2016. The major factor responsible for driving the product demand in future is the rapidly growing construction industry. In addition, increased consumer spending has augmented wood furniture demand in this region, which will positively impact the wood adhesives and binders market over the forecast duration.
Major Point From Table Of Content:
Chapter 3 Wood Adhesives And Binders Industry Insights
3.1 Wood adhesives and binders market segmentation
3.2 Wood adhesives and binders market size, forecast and growth expectations, 2013 - 2024
3.3 Wood adhesives and binders market ecosystem analysis
3.3.1. Vendor Matrix
3.3.2. Distribution channel analysis
3.4 Wood adhesives and binders industry impact forces
3.4.1. Growth drivers
3.4.1.1. Robust growth in the construction industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Oscillating crude oil prices
3.4.2.2. Stringent environment regulations
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 Company market share analysis, 2015
3.7.1. Strategic landscape
3.8 PESTEL analysis
3.9 Regional price trends
3.9.1. Cost structure analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/wood-adhesives-and-binders-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/wood-adhesives-and-binders-market
Source URL: https://marketersmedia.com/wood-adhesives-and-binders-market-to-surge-at-a-growth-rate-of-4-to-2024/88917634
Source: MarketersMedia
Release ID: 88917634
More News
China tests wave-piercing stealth trimaran as unconventional naval fleet grows
China appears to be testing a stealthy new trimaran at sea, according to a photograph circulating on social media, in what could be a further effort to develop unconventional naval platforms. The image first emerged on Weibo on Sunday and appears to show a vessel featuring an inverted wave-piercing bow, three-hull design and angular superstructure surfaces that could be intended to reduce its radar signature. The vessel, which is fitted with a prominent antenna mast and multiple dome-shaped...
5 Hong Kong universities in Asia’s top 10, with 3 in top 5 after more than a decade
Five Hong Kong universities have been ranked among Asia’s top 10, with three of them in the top five for the first time in more than a decade and the University of Hong Kong (HKU) retaining its No 1 spot, according to an annual UK survey. Meanwhile, three universities in mainland China were ranked in the top 10. Peking University held on to second place, Tsinghua University leapt from ninth to third and Fudan University dropped from fifth to sixth, giving the mainland two universities in the top...
Redmagic 12 Pro gets global release, now available in Singapore *Updated*
Despite being one of the few gaming phones out there left, it still packs in the latest and greatest.
One-eyed dog eludes California rescuers for weeks: 'Anchovy Jack can run fast, jump high'
The dog had escaped from his new home in San Francisco days after undergoing surgery and his adoption from an East Bay organization.
Let you entertain us? Any time, Robbie. Any time
Over 15 minutes Robbie Williams delivered a knockout set that will linger in the memory for years to come. And it was just the beginning.
Mind-controlled drone-flying at Hong Kong’s Being Human Festival among varied programme
Think you can steer a drone using nothing more than your own concentrated thoughts? It may sound like science fiction, but mind-controlled drone-flying is one of the free activities the public can take part in at the upcoming Being Human Festival in Hong Kong. Running from November 5 to 15, the festival is the first Hong Kong edition of the UK’s national festival of the humanities, which was founded in 2014. Organised by the University of Hong Kong (HKU)’s Faculty of Arts under the theme...
U.S. midterm polls open on a consequential vote for Americans and Trump
The Democrats hope to flip control of the Senate and House of Representatives to wrest power away from Trump and his Republican Party.
If the Democrats win the U.S. midterms, what would change for Canada?
Democratic candidates have seized on U.S. President Donald Trump's tariff policies and trade war against Canada, linking them to affordability struggles.
Beijing offers to boost China-Pakistan corridor safety as terror threat grows
China has pledged to work with Pakistan to advance “high-level security cooperation” and ensure the safety of a joint flagship infrastructure project that has become a target for terrorists. That was the message Liu Haixing, head of the Communist Party’s International Department, conveyed in talks with Pakistan defence forces chief Asim Munir and Prime Minister Shehbaz Sharif on Monday, as part of his first official visit to the South Asian country since taking office just over a year ago. In...
L.A.'s next mayor faces high expectations, little room for error
Whoever becomes the next mayor of L.A., she will face a slew of challenges: homelessness, affordable housing, potholes, streetlights, the Olympics, unstable city budget.
Majority of California voters fear federal government may try to stop vote count, poll finds
Nearly two-thirds of California voters are worried that the Trump administration may try to halt the vote count early, according to a new poll that found disquieting levels of election anxiety on the eve of the midterms.
Your last-minute cheat sheet for voting in key Los Angeles elections
The key Los Angeles city and county races on the ballot for the 2026 general election: mayor, city attorney, county sheriff and more.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.