Wood Adhesives Market Size, Emerging Trends and Overview to 2021: Hexa Reports

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Wood Adhesives Market Analysis, Share and Size, Emerging

Trends, Growth, Overview And Segment Forecasts To 2021

The global wood adhesives market is expected to reach USD 19.31 billion by 2021, according to a new

report by Grand View Research, Inc. Flooring & plywood and furniture applications are expected to be

the key demand generating segments for the industry over the forecast period.

Extensive R&D activities to develop unique applications have led to the innovations such as crosslaminated timber (CLT). They are not only expected to transform building construction techniques but

also offer ways in which wood can be used for structures where it was not previously considered as a

suitable building material.

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Urea formaldehyde was the most dominant product segment accounting for over 40% of the global

volume in 2015. It is widely used in the production of wood-based panels and is gaining wide popularity

owing to good performance and high reactivity.

Further key findings from the report suggest:

The global wood adhesives market demand was 5,857.6 kilo tons in 2015 and is expected to exceed

7,000 kilo tons by 2021, growing at a CAGR of 3.3% from 2016 to 2021

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Flooring & plywood emerged as the leading application segment and accounted for over one-third of

the overall volume in 2015. Product innovation in flooring is expected to remain a key driving factor for

the segment's growth.

Consumer preference for customized furniture along with the rising adaption of contemporary designs is

expected to positively impact the furniture industry, thereby driving growth

Benefits such as easy usage, time efficiency, lightweight, aesthetics, and low prices are the major factors

responsible for inclination towards wood adhesives as opposed to...