Wood Adhesives Market Key Companies and SWOT Analysis by 2031

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Wood Adhesives Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Resin Type (Natural and Synthetic), Technology (Solvent-Based, Water-Based, Others), Application (Furniture, Plywood, Flooring, Doors and Windows, and Others), and Geography

  • Report Date : Aug 2024
  • Report Code : TIPRE00019219
  • Category : Chemicals and Materials
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 222

The wood adhesives market size is projected to reach US$ 6.79 billion by 2031 from US$ 4.57 billion in 2023. The market is expected to register a CAGR of 5.1% during 2023–2031. Development and adoption of eco-friendly wood adhesives are likely to bring new trends into the market during the forecast period.

Wood Adhesives Market Analysis

Formaldehyde, phenol-formaldehyde, melamine-formaldehyde, and polymeric methylene diisocyanate are used for the adhesion of wood-based panels, such as particleboard, medium/high-density fiberboard, oriented strand board, and plywood. The major aspect of consideration for the adhesive chemistry and raw materials market is the strict domestic and international regulations regarding the chemicals industry. These regulations are set to limit the VOC (volatile organic compound) values of chemicals. Therefore, the utilization, export, and import of high-VOC adhesives and polymers have been restricted in a few countries. The growing furniture industry, coupled with rising innovations in the wood adhesives market, is expected to favor the market growth.

Wood Adhesives Market Overview

Advancements in chemical engineering and production technologies have made synthetic adhesives more affordable, enabling manufacturers to save costs without compromising quality. Moreover, developing low-emission and environment-friendly synthetic adhesives addresses a few of the sustainability concerns traditionally associated with synthetic products. The demand for solvent-based wood adhesives is increasing owing to their exceptional performance characteristics and versatility in challenging applications. Solvent-based adhesives provide strong, durable bonds that can withstand extremely severe conditions such as high humidity, temperature fluctuations, and exposure to harsh chemicals, making them ideal for demanding industrial and structural applications.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Wood Adhesives Market: Strategic Insights

wood-adhesives-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Wood Adhesives Market Drivers and Opportunities

Rising Application of Wood Adhesives in Home Renovation and Construction Activities

Wood adhesives have a wide range of applications that include plywood, furniture, doors, windows, and flooring. The key market players offer water-based, solvent-based, EVA, SBC, acrylic, vinyl, epoxy, and polyurethane, among other types of wood adhesives, for various applications in the woodwork industry. The rising application of wood adhesives in home renovations and other construction activities fuels the market growth.

Strategic Research Initiatives Associated with Wood Adhesives

Formaldehyde, phenol-formaldehyde, melamine-formaldehyde, and polymeric methylene diisocyanate are used for the production of wood-based panels, such as particleboard, medium/high-density fiberboard, oriented strand board, and plywood. Polyurethane, phenol-formaldehyde, phenol-resorcinol-formaldehyde, emulsion polymer isocyanate, polyvinyl acetate, and other formulation chemistries are used for solid wood lamination and construction beams and coating of boards with veneers or finish foils, among other applications. Key manufacturers operating in the wood adhesives market invest significantly in strategic development initiatives such as product innovation and research and development to enhance their market position and attract a wide customer base.

Wood Adhesives Market Report Segmentation Analysis

Key segments that contributed to the derivation of the wood adhesives market analysis are resin type, technology, and application.

  • Based on resin type, the wood adhesives market is divided into natural and synthetic. The synthetic segment held a larger share of the market in 2023.
  • In terms of technology, the market is segmented into solvent-based, water-based, and others. The water-based segment held a significant share of the market in 2023.
  • Based on application, the wood adhesives market is categorized into furniture, plywood, flooring, doors and windows, and others. The furniture segment dominated the market in 2023.

Wood Adhesives Market Share Analysis by Geography

The geographic scope of the wood adhesives market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Europe dominated the market in 2023. In Europe, the demand for wood adhesives is increasing primarily due to the resurgence of the construction and real estate sectors. As urbanization continues and the need for residential, commercial, and infrastructure projects grows, there is a heightened demand for wood products. Wood adhesives are essential in producing engineered wood products such as plywood, particleboard, and laminated veneer lumber, which are extensively used in modern construction for their strength and versatility. The presence of key market players, including Henkel, Arkema Group, and H.B. Fuller Company, among others, contributes to the wood adhesives market growth.

Wood Adhesives Market Regional Insights

The regional trends and factors influencing the Wood Adhesives Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Wood Adhesives Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

wood-adhesives-market-global-geography
  • Get the Regional Specific Data for Wood Adhesives Market

Wood Adhesives Market Report Scope

Report Attribute Details
Market size in 2023 US$ 4.57 Billion
Market Size by 2031 US$ 6.79 Billion
Global CAGR (2023 - 2031) 5.1%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Resin Type
  • Natural
  • Synthetic
By Technology
  • Water-Based
  • Solvent-Based
By Application
  • Furniture
  • Plywood
  • Flooring
  • Doors and Windows
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Henkel AG and Co KGaA
  • 3M Co
  • Sika AG
  • Arkema SA
  • Dow Inc
  • H.B. Fuller Company
  • Akzo Nobel NV
  • Aica Kogyo Co. Ltd
  • Pidilite Industries Ltd
  • Mapei SpA

  • Wood Adhesives Market Players Density: Understanding Its Impact on Business Dynamics

    The Wood Adhesives Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Wood Adhesives Market are:

    1. Henkel AG and Co KGaA
    2. 3M Co
    3. Sika AG
    4. Arkema SA
    5. Dow Inc
    6. H.B. Fuller Company

    Disclaimer: The companies listed above are not ranked in any particular order.


    wood-adhesives-market-cagr

    • Get the Wood Adhesives Market top key players overview

    Wood Adhesives Market News and Recent Developments

    The wood adhesives market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the wood adhesives market are listed below:

    • H.B. Fuller Company announced the acquisition of ND Industries Inc., one of the leading providers of specialty adhesives and fastener locking and sealing solutions serving customers in the automotive, electronics, aerospace, and other industries. (Source: H.B. Fuller Company, Press Release, May 2024)
    • Sika AG announced the acquisition of the flooring adhesives business of DriTac, a US-based floor-covering adhesives company with an especially strong position in wood floor bonding. The acquisition will contribute to Sika AG’s increased presence among floor covering installers and distributors while accelerating Sika AG’s expansion in the interior finishing market in the US. (Source: Sika AG, Press Release, March 2021)

    Wood Adhesives Market Report Coverage and Deliverables

    The “Wood Adhesives Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Wood adhesives market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Wood adhesives market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed Porter’s Five Forces analysis and SWOT analysis
    • Wood adhesives market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the wood adhesives market
    • Detailed company profiles

    Frequently Asked Questions

    What is the expected CAGR of the wood adhesives market?

    The wood adhesives market is expected to register a CAGR of 5.1% during 2023–2031.

    What would be the estimated value of the wood adhesives market by 2031?

    The wood adhesives market value is estimated to be US$ 6.79 billion by 2031.

    Which are the leading players operating in the wood adhesives market?

    Covestro AG, Mitsui Chemicals Inc, Huntsman Corporation, Lubrizol Corporation, and Tosoh Corporation are the leading players operating in the wood adhesives market.

    What are the future trends of the wood adhesives market?

    The development of sustainable and eco-friendly wood adhesives is likely to set trends in the upcoming years.

    What are the driving factors impacting the wood adhesives market?

    Rapid growth in the furniture industry and a surge in the application of wood adhesives in home renovation and construction activities are among the factors fueling the wood adhesives market growth.

    Which region dominated the wood adhesives market in 2023?

    Europe dominated the wood adhesives market in 2023.

    Habi Ummer
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Identifying Emerging Markets
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Boosting Operational Efficiency
    • Strategic Planning
    • Investment Justification
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients

    The List of Companies - Wood Adhesives Market

    • Henkel AG and Co KGaA
    • 3M Co
    • Sika AG
    • Arkema SA
    • Dow Inc
    • H.B. Fuller Company
    • Akzo Nobel NV
    • Aica Kogyo Co. Ltd
    • Pidilite Industries Ltd
    • Mapei SpA
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo