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Wood Adhesives And Binders Market Share

Report ID: GMI1098
Published Date: Jan 2017
Report Format: PDF

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Wood Adhesives And Binders Market Share

The global wood adhesives and binders industry share is fairly consolidated with major five industry players accounting for 40% of the global industry share in 2015.

3M Company
Ashland Inc.
H.B Fuller Company
Henkel AG & Co. KGaA
BASF SE
Huntsman Corporation
Avery Dennison Corporation
Dow Chemical Company

are some of the prominent industry participants.

Major chemical companies such as

Dow
BASF
Bostik

enjoy the benefit of backward integration as they can produce raw materials required for product manufacturing. Companies solely manufacturing the product including

Henkel
3M Company
H.B. Fuller

procure raw materials from chemical industries and manufacture a wide variety of product.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The forecast worth of Wood Adhesives And Binders Market is predicted to exceed USD 240 million by 2022.

In 2015 – 2022, the Wood Adhesives And Binders Market registered a remuneration of USD 240 million.

Increasing product demand from the construction sector, owing to its use in flooring, doors, windows, cabinets, plywood, as well as other structural panels, is expected to drive the adoption of wood adhesives & binders.

Volatile crude oil prices and the supply bottleneck that has been created across the Middle East due to civil unrest are expected to impede industry price trends over the coming years.

Due to it comparatively low prices, high bond strength, and widescale use across structural as well as non-structural applications, the demand for urea-formaldehyde is expected to grow rapidly.

Owing to the region’s flourishing construction industry, especially across countries like India, China, and Japan, the market for wood adhesives & binders in APAC is likely to record remunerative growth.