Europe Industrial Wood Adhesives Market is expected to reach US$ 2,059.52 million by 2027

Synthetic Segment to Dominate Europe Industrial Wood Adhesives Market during 2020-2027

According to The Insight Partners market research study on “Europe Industrial Wood Adhesives Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Resin Type, Technology, and Country,” is expected to reach US$ 2,059.52 million by 2027 from US$ 1,371.26 million in 2020. The market is estimated to grow at a CAGR of 6.0% from 2020 to 2027. The report provides trends prevailing in the Europe industrial wood adhesives market along with the drivers and restraints pertaining to the market growth. Rising construction and infrastructural activities and advantages offered by wood adhesives are the major factors driving the growth of the Europe industrial wood adhesives market. However, the volatility in petroleum or crude oil prices may hinder the growth of Europe industrial wood adhesives market.

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.

The market for Europe industrial wood adhesives is segmented into resin type, technology and country. Based on resin type, the market is segmented into natural and synthetic. In 2019, the synthetic segment held the largest share in Europe industrial wood adhesives market. Based on technology, the Europe industrial wood adhesives is bifurcated into solvent-based, water-based, solventless, and others. The water-based segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Europe industrial wood adhesives market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the European countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for industrial wood adhesives.

H.B. Fuller Company; Henkel AG & Company KGaA; Ashland; Arkema Group; Sika AG; Dow Inc.; 3M and Akzo Nobel N.V are some of the leading companies in the Europe industrial wood adhesives market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Europe Industrial wood adhesives market as follows:

• • Natural
  • Synthetic

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

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