The global wood adhesives market is projected to reach USD 5.24 billion by 2026, at a CAGR of 3.10% from 2016 to 2026.
Growth in this market is mainly attributed to the expansion of the construction industry, increasing urban population, recovery of the global economy, and growth in the furniture industry. However, the inclination of the furniture industry towards the adoption of fiberboard and metal for manufacturing home furniture is acting as a restraint to the growth of the global wood adhesives market.
The furniture application segment is projected to grow at the highest CAGR from 2016 to 2026 both, in terms of value and volume. The furniture industry comprises exterior and interior furniture such as tables, beds, chairs, cupboards, and other products. In addition, the construction of new houses and renovation & remodeling activities has also increased over the past few years. This has further increased the sales of new furniture as well as the repair & maintenance of old furniture, thereby propelling the growth of the global wood adhesives market.
The Asia-Pacific region led the global wood adhesives market, in terms of volume, in 2015. China and Japan are the two major markets for wood adhesives in this region. Rise in the number of residential and commercial buildings and rapid urbanization in China and India are projected to drive the furniture and woodworking markets in this region, thereby resulting in a high demand for wood adhesives.
- Formosa Chemicals & Fibre Corporation
- Fushun Huifu Fire Resistant Fibre Company Limited -
- Fushun Rayva Fibre Co., Ltd.
- Jiangsu Blue Peacock Chemical Fiber Co., Ltd.
- Kaneka Corporation
- Nantong Xufeng Textile Industrial Company Limited
- Shanghai Changjie Textile Company Limited
- Tianjin GT New Material Technology Company Limited
- Zhangjiagang Hengfeng Textile Company Limited
- Zhejiang Wangzhuo Knitting Co., Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Modacrylic Fiber Market, By Application
7 Regional Analysis
8 Competitive Landscape
9 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/xngkqj/wood_adhesives
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