Asia Pacific Industrial Wood Adhesives Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Resin Type (Natural and Synthetic), and Technology (Solvent-Based, Water-Based, Solventless, and Others)

Publication Month: Jun 2021 | Report Code: TIPRE00023053 | No. of Pages: 112 | Category: Chemicals and Materials | Status: Published

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The Asia Pacific industrial wood adhesives market is expected to grow from US$ 2,108.04 million in 2020 to US$ 3,076.58 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027.

The APAC region comprises developed and developing countries such as Australia, China, India, Japan, South Korea, and other Asian countries. In Asia-Pacific region activities like woodworking, new construction, and housing projects, presence of key manufacturers, rise in export activities, and wooden furniture manufacturing businesses are increasing. There has been a rapid growth in the economies of Asia –Pacific countries, which increases the purchasing power of the respective populations. Increasing purchasing power leads to a rapid growth in furniture and building & construction industries. The growth of construction industry, especially in developing nations of Asia-Pacific, increasing the demand for wood-based products. The flourishing construction industry in Asia Pacific is boosting the demand for wood products every year. Asia-Pacific region dominated the market across the world in terms of consumption of wood-based products.  
 

In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of industrial wood adhesives manufacturing activities. Downfall of other chemical and materials manufacturing sectors has subsequently impacted the demand for industrial wood adhesives during the early months of 2020. Moreover, decline in the overall construction and building materials manufacturing activities has led to discontinuation of industrial wood adhesives manufacturing projects, thereby reducing the demand for industrial wood adhesives. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific industrial wood adhesives market. Wood adhesives offer various advantages, and hence it is used in more than 70% of wood products across the world. Wood adhesives have a significant role in modern industrial wood construction. The wood adhesive is used for various wood assembly applications such as dowel attachment, edge gluing, finger joining, tongue and groove joints, and miter gluing. Adhesives help to save wood and can be utilized to build light and strong structures. It helps to moderate the expansion and contraction due to the inherent moisture retention of wood. Manufacturers are striving to produce wood adhesives that have greater resistance to moisture content. Compared to conventional methods, wood adhesives offer other benefits, including improved adhesion, compatibility of the use with several substrates and higher strength, faster drying and setting time, aesthetic appeal compared to use of metal fasteners, and other methods of bonding. Wood adhesives are frequently used on commercial doors and windows for waterproofing and to enhance the overall texture and appeal. Furthermore, the wood industry is evolving continuously, and thus, modern industrial wood adhesives have been tailored to meet the wood industry's needs. Thus, owing to the aforementioned advantages, wood adhesives are highly used for industrial applications, and thereby the market is witnessing tremendous growth in Asia Pacific.

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Asia Pacific Industrial Wood Adhesives Market – Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis Formulation:

3.2.4        Macro-Economic Factor Analysis:

3.2.5        Developing Base Number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Asia Pacific Industrial Wood Adhesives– Market Landscape

4.1         Overview

4.2         PEST Analysis

4.3         Expert Opinions

5.           Asia Pacific Industrial Wood Adhesives Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        An Upsurge in the Construction and Infrastructural Activities

5.1.2        Benefits Offered by Wood Adhesives

5.2         Market Restraint

5.2.1        Volatility in the Prices of Petroleum or Crude Oil

5.3         Future Trends

5.3.1        Rising demand for Bio-Based Wood Adhesives

5.4         Impact Analysis

6.           Industrial Wood Adhesives Market – Asia Pacific Analysis

6.1         Asia Pacific Industrial Wood Adhesives Market Revenue Forecast and Analysis

7.           Asia Pacific Industrial Wood Adhesives Market Analysis – By Resin Type

7.1         Overview

7.2         Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)

7.3         Natural

7.3.1        Overview

7.3.2        Natural: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Synthetic

7.4.1        Overview

7.4.2        Synthetic: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

8.           Asia Pacific Industrial Wood Adhesives Market Analysis – By Technology

8.1         Overview

8.2         Industrial Wood Adhesives Market Revenue Share, by Technology (2019 and 2027)

8.3         Solvent-Based

8.3.1        Overview

8.3.2        Solvent-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Water-Based

8.4.1        Overview

8.4.2        Water-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

8.5         Solventless

8.5.1        Overview

8.5.2        Solventless: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.           Asia Pacific Industrial Wood Adhesives Market – Country Analysis

9.1         Asia Pacific: Industrial Wood Adhesives Market

9.1.1        Overview

9.1.2        Asia Pacific: Industrial Wood Adhesives Market, by Country, 2019 & 2027 (%)

9.1.3        China: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.3.1          China: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.3.2          China Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

9.1.3.3          China Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

9.1.4        Japan: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.1          Japan: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.4.2          Japan Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

9.1.4.3          Japan Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

9.1.5        India: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.5.1          India: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.5.2          India Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

9.1.5.3          India Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

9.1.6        South Korea: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.6.1          South Korea: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.6.2          South Korea Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

9.1.6.3          South Korea Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

9.1.7        Australia: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.7.1          Australia: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.7.2          Australia Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

9.1.7.3          Australia Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

9.1.8        Rest of Asia Pacific: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.8.1          Rest of Asia Pacific: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

9.1.8.2          Rest of Asia Pacific Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

9.1.8.3          Rest of Asia Pacific Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

10.        Impact of COVID-19 Pandemic on Asia Pacific Industrial Wood Adhesives Market

10.1      Overview

10.2      Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Product News

11.3      Merger and Acquisition

12.        Company Profiles

12.1      H.B.Fuller Company

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Service

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Henkel AG & Company, KGAA

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.3      Ashland

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.4      Arkema Group

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Sika AG

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.6      Pidilite Industries Ltd.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Jubilant Industries Ltd.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.8      Dow

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.9      3M

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.10   Akzo Nobel N.V.

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

13.        Appendix

13.1      About The Insight Partners

             13.2      Glossary of Terms

LIST OF TABLES

Table 1.             Asia Pacific Industrial Adhesives Market –Revenue and Forecast to 2027 (US$ Mn)

Table 2.             China Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             China Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

Table 4.             Japan Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Japan Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

Table 6.             India Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.             India Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

Table 8.             South Korea Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.             South Korea Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027 (US$ Million)

Table 10.          Australia Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Australia Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

Table 12.          Rest of Asia Pacific Industrial Wood Adhesives Market, by Resin Type – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of Asia Pacific Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027(US$ Million)

Table 14.          Glossary of Terms, Industrial Wood Adhesives Market

LIST OF FIGURES

Figure 1.           Industrial Wood Adhesives Market Segmentation

Figure 2.           Asia Pacific Industrial Wood Adhesives Market, By Country

Figure 3.           Asia Pacific Industrial Wood Adhesives Market Overview

Figure 4.           Solvent-Based Segment Held Major Share by Technology Segment in Industrial Wood Adhesives Market

Figure 5.           India to Witness Fastest Growth in the Market During the Forecast Period

Figure 6.           Asia Pacific Industrial Wood Adhesives Market, Industry Landscape

Figure 7.           Asia-Pacific - PEST Analysis

Figure 8.           Impact Analysis of Drivers and Restraints

Figure 9.           Asia Pacific Industrial Wood Adhesives Market – Revenue Forecast and Analysis – 2017- 2027

Figure 10.        Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)

Figure 11.        Natural: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Synthetic: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Industrial Wood Adhesives Market Share, by Technology (2019 and 2027)

Figure 14.        Solvent-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Water-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Solventless: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Others: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Asia Pacific: Industrial Wood Adhesives Market, by Key Country – Revenue (2019) (USD Million)

Figure 19.        Asia Pacific: Industrial Wood Adhesives Market, by Country, 2019 & 2027 (%)

Figure 20.        China: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Japan: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        India: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        South Korea: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Australia: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Rest of Asia Pacific: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets  

  1. H.B. Fuller Company
  2. Henkel AG & Company, KGAA
  3. Ashland
  4. Arkema Group
  5. Sika AG
  6. Pidilite Industries Ltd.
  7. Jubilant Industries Ltd.
  8. Dow, Inc.
  9. 3M,
  10. Akzo Nobel N.V.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific industrial wood adhesives market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific industrial wood adhesives market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific industrial wood adhesives market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00023053
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