Europe Industrial Wood Adhesives Market Key Players and Opportunities by 2027

The Europe industrial wood adhesives market is expected to grow from US$ 1,371.26 million in 2020 to US$ 2,059.52 million by 2027; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027.

European continent comprises several developing economies, including Germany, France, Italy, UK, and Russia, among others. The rise in the number of infrastructure projects which is due to the increasing investments and economic recovery will drive the Europe wood adhesive market demand. In terms of production and demand, Europe is a major player in the Europe wooden furniture industry. In Europe significant investments in renovation and R&D activities are increasing. Europe has emerged as a pioneer in refurbishment design in recent years, with houses and historic city centers being renovated and remodeled. The European wooden furniture industry combines new technologies and innovation with cultural heritage, tradition, and style. Thus they fulfil the demand of modern & luxury wooden furniture for hotels, restaurants, residential constructions, offices etc.
 

In case of COVID-19, in Europe, especially France, 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 European countries, i.e., Russia, UK, Italy, Germany and Spain. 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 Europe 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 Europe.

Europe Industrial Wood Adhesives Market Segmentation

Europe Industrial Wood Adhesives Market – By Type

• Natural
• Synthetic

Europe Industrial Wood Adhesives Market – By Technology

• Solvent-Based
• Water-Based
• Solventless
• Others

Europe Industrial Wood Adhesives Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Industrial Wood Adhesives Report Scope