According to Stratistics MRC, the Global Wood Adhesives and Binders Market is accounted for $16.38 billion in 2019 and is expected to reach $26.10 billion by 2027 growing at a CAGR of 6.0% during the forecast period. Some of the key factors propelling the growth of the market are growing construction sector and the widespread infrastructure activities. However, fluctuation in the prices of raw material is the restraining factor for the growth of the market.
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By type, the urea-formaldehyde (UF) segment is expected to grow at a significant market share during the forecast period owing to its high bond strength and comparatively low prices. Based on geography, North America is anticipated to hold considerable market share during the forecast period which is attributed to the increasing interior remodelling activities due to the rising disposable income of consumers in the region.
Some of the key players in Wood Adhesives and Binders Market include Ashland Inc., Huntsman Corporation, Ecosynthetix, Dow Chemical Company, Bostik SA, H.B Fuller Company, Adhesives Research Inc., 3M Company, Henkel AG & Co. KGaA, Avery Dennison Corporation, and BASF SE.
Types Covered:
• Urea-Formaldehyde (UF)
• Soy-based
• Phenol-Formaldehyde (PF)
• Melamine-Urea-Formaldehyde (MUF)
• Isocyanates
• Benzene & Toluene
• Other Types
Products Covered:
• Synthetic
• Natural
Applications Covered:
• Windows & Doors
• Particle Board
• Furniture & Subcomponents
• Flooring & Plywood
• Decks
• Cabinets
• Other Applications
End Users Covered:
• Residential
• Domestic
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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