Zibo Dexin Lianbang Chemical Industry Co,. Ltd.
The global wood adhesive market will grow with 3.1% annually compound growth rate from 2016 to 2026, and the market scale is expected to reach $5.25 billion. The growth of furniture, timber processing and construction, the increase of urban population and the recovery of the global economy is the important factor in the growth of global wood adhesives market.
The furniture is the largest application market of wood adhesives. The growth of the city`s population and housing growth drive the growth of the furniture industry, promote the development of wood adhesives market.
According to resin type, the global wood adhesive is divided into natural resin adhesive and artificial resin adhesive. Synthetic resin is expected to be the largest market share in the global wood adhesive market due to excellent performance of synthetic resin wood adhesives, such as fast curing time and consumer usage. Synthetic resin wood adhesives are increasingly used in furniture, flooring, plywood and cabinets.
North America, Europe, Asia Pacific, South America and the Middle East and Africa as the world`s most important regional wood adhesives, the Asia Pacific region leading global wood adhesives market, value and quantity. China and India are major markets for wood adhesives in the Asia Pacific region. The increasing of construction activities, income levels and the lifestyle changes are the growing demand factors for wood adhesives in the Asia Pacific region.
However, in European countries, environmental regulations as a major constraint affecting the global timber and adhesive market growth. Under the EU environmental law, there are more than 500 directives, regulations and relevant environmental and green environmental decisions. Major environmental regulations include the 1992 Environmental Protection Agency Act, the 2000 planning and invoicing act, the environmental law of the year of 2003.
The major participants in the global market of wood adhesive including Henkel AG & Co. KGaA(Germany), 3M Company(America), Bostik SA(France), H.B.Fuller(America), Sika AG(Switzerland), Ashland Inc.(America), AkzoNobel N.V.(Holland), and Pidilite Industries(India) etc.
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