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Engineered Wood Adhesives Market by Resin (Melamine Formaldehyde, Phenol Resorcinol Formaldehyde), Product (CLT, OSB, MDF, LVL), Technology (Solvent-Based, Water-Based), Application (Structural, Non-Structural), and Region - Global Forecast to 2029
Market Report I 2024-05-02 I 300 Pages I MarketsandMarkets
The global engineered wood adhesives market size is projected to grow from USD 8.7 billion in 2024 to USD 10.5 billion, at a CAGR of 3.7%. Wood adhesives are essential for optimizing the use of timber resources, especially as the availability of large, quality trees decline. The wood industry has responded by developing innovative engineered wood products that leverage smaller logs, less desirable wood species, and previously unusable wood waste. These products, which include I-joists, glued laminated timber (glulam), and various forms of structural composite lumber such as LVL, PSL, LSL, and OSL, are designed to emulate the structural characteristics of solid-sawn lumber but with greater uniformity in their structural properties due to the removal of natural defects during manufacturing. These modern engineered wood products are integral to a wide range of construction applications, from architectural doors, windows, and frames to more ubiquitous elements like plywood, particleboard, medium-density fiberboard (MDF), and oriented strand board (OSB). The use of adhesives in these products not only facilitates the efficient use of wood but also enhances the performance characteristics of the final products, including their fire resistance.
The water-based segment is expected to register one of the highest market share during the forecast period
Water-based adhesives are emerging as a preferable alternative, especially under tighter environmental regulations. These adhesives use water as a solvent, which significantly reduces VOC emissions. The primary advantages include safer working conditions and lower environmental impact. However, the performance of water-based adhesives generally lags behind solvent-based types in terms of water resistance and bonding strength under variable temperature conditions. Enhancements in chemical formulations are being developed to close this performance gap.
The structural segment is expected to register one of the highest market share during the forecast period
In the construction industry, the strategic utilization of engineered wood products such as plywood, cross-laminated timber (CLT), laminated veneer lumber (LVL), and oriented strand board (OSB) is pivotal due to their enhanced mechanical properties, environmental sustainability, and cost-effectiveness. Each of these products serves distinct structural roles and is engineered to meet specific performance criteria, making them indispensable in modern building practices.
Plywood is crafted through the layering and cross-sectional bonding of wood veneers, utilizing adhesives that enhance its structural integrity. This configuration grants plywood exceptional strength and resistance to warping, making it suitable for a wide range of applications including flooring, roofing, and wall sheathing. Its ability to distribute loads evenly across the grain makes it a reliable choice for demanding environments.
Asia Pacific engineered wood adhesives market is estimated to capture one of the highest share in terms of volume during the forecast period
The Asia Pacific region stands out as both the largest and fastest-growing market, driven by robust economic growth and significant investments in various end-use industries. The area's prominence is further reinforced by the strategic initiatives of global industry leaders who are establishing production facilities, opening sales offices, and expanding distribution networks within the region. These strategic decisions reflect the sustained demand in the region and aim to capitalize on its cost-effective production capabilities and dynamic market conditions to enhance profit margins.
Despite this positive outlook, the market faces several challenges that could impact its growth trajectory. Economic fluctuations, the instability of raw material costs, and intense competition among local players are significant obstacles that could hinder progress. Nevertheless, the rigorous enforcement of regulatory standards across the region highlights the industry's commitment to quality and compliance with biocompatibility standards, ensuring that products meet the highest safety and performance criteria. This rigorous approach to regulation not only maintains product integrity but also supports sustainable market growth amidst these challenges.
The break-up of the profile of primary participants in the engineered wood adhesives market:
- By Company Type: Tier 1 - 46%, Tier 2 - 36%, and Tier 3 - 18%
- By Designation: C Level - 21%, D Level - 23%, and Others - 56%
- By Region: North America - 37%, Europe - 23%, Asia Pacific- 26%, and Rest of the World- 14%
The key companies profiled in this report are H.B. Fuller Company (US), Henkel AG & Co., KGaA. (Germany), AkzoNobel N.V. (Netherlands), Arkema SA (France), BASF SE (Germany), Dow (US), Huntsman Corporation (US), AICA Kogyo Co., Ltd (Japan), Astral Limited (India), Hexion (US), and others.
Research Coverage:
The engineered wood adhesives market is segmented by Resin (Melamine Formaldehyde, Phenol Resorcinol Formaldehyde, Polyurethane, and Others), Product (Cross-Laminated Timber, Laminated Veneer Lumber, Oriented Strand Board, Glulam, Plywood, Medium Density Fiberboard, and Others), Technology (Solvent-Based, Water-Based, Solvent-Less, and Reactive), Application (Structural, and Non-Residential), and Region (North America, Europe, Asia Pacific, and Rest of the World). The study's coverage covers detailed information on the key factors influencing the growth of the engineered wood adhesives market, such as drivers, constraints, challenges, and opportunities. A thorough examination of the top industry players was carried out in order to provide insights into their company overview, solutions, and services; essential strategies; contracts, partnerships, and agreements. This includes coverage of new product and service launches, mergers and acquisitions, and ongoing developments in the engineered wood adhesives market. A competitive analysis of emerging companies in the engineered wood adhesives business ecosystem is included in this study. Reasons to buy this report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall engineered wood adhesives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Growing demand for engineered wood adhesives in sustainable infrastructure where engineered wood is required), restraints (volatility in raw material prices), opportunities (collaboration of distributors in untapped markets), and challenges (stringent regulatory policies).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the engineered wood adhesives market
- Market Development: Comprehensive information about lucrative markets - the report analyses the engineered wood adhesives market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the engineered wood adhesives market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like H.B. Fuller Company (US), Henkel AG & Co., KGaA. (Germany), AkzoNobel N.V. (Netherlands), Arkema SA (France), BASF SE (Germany), Dow (US), Huntsman Corporation (US), AICA Kogyo Co., Ltd (Japan), Astral Limited (India), and Hexion (US). The report also helps stakeholders understand the pulse of the engineered wood adhesives market and provides them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 38
1.2.1 INCLUSIONS AND EXCLUSIONS 38
1.2.2 DEFINITION AND INCLUSIONS, BY RESIN TYPE 39
1.2.3 DEFINITION AND INCLUSIONS, BY PRODUCT 39
1.2.4 DEFINITION AND INCLUSIONS, BY TECHNOLOGY 40
1.2.5 DEFINITION AND INCLUSIONS, BY APPLICATION 41
1.3 MARKET SCOPE 41
FIGURE 1 ENGINEERED WOOD ADHESIVES MARKET SEGMENTATION 41
1.3.1 REGIONS COVERED 42
1.3.2 YEARS CONSIDERED 42
1.4 CURRENCY CONSIDERED 43
TABLE 1 USD EXCHANGE RATE, 2019-2022 43
1.5 UNITS CONSIDERED 43
1.6 STAKEHOLDERS 43
1.7 RECESSION IMPACT 43
2 RESEARCH METHODOLOGY 44
2.1 RESEARCH DATA 44
FIGURE 2 ENGINEERED WOOD ADHESIVES MARKET: RESEARCH DESIGN 44
2.1.1 SECONDARY DATA 45
2.1.1.1 Key data from secondary sources 45
2.1.2 PRIMARY DATA 45
2.1.2.1 Key data from primary sources 46
2.1.2.2 Breakdown of interviews with experts 46
FIGURE 3 BREAKDOWN OF INTERVIEWS WITH EXPERTS 46
2.1.2.3 Primary data sources 47
2.1.2.4 Key industry insights 47
2.2 MARKET SIZE ESTIMATION 48
2.2.1 BOTTOM-UP APPROACH 48
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 48
2.2.2 TOP-DOWN APPROACH 49
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 49
FIGURE 6 ENGINEERED WOOD ADHESIVES MARKET ESTIMATION, BY RESIN TYPE 49
FIGURE 7 ENGINEERED WOOD ADHESIVES MARKET SIZE ESTIMATION, BY REGION 50
2.3 MARKET FORECAST APPROACH 50
2.3.1 SUPPLY-SIDE FORECAST 50
FIGURE 8 ENGINEERED WOOD ADHESIVES MARKET: SUPPLY-SIDE FORECAST 50
2.3.2 DEMAND-SIDE FORECAST 51
FIGURE 9 ENGINEERED WOOD ADHESIVES MARKET: DEMAND-SIDE FORECAST 51
FIGURE 10 METHODOLOGY FOR SUPPLY-SIDE SIZING OF ENGINEERED WOOD ADHESIVES MARKET 51
2.4 FACTOR ANALYSIS 52
FIGURE 11 MAJOR FACTORS RESPONSIBLE FOR GLOBAL RECESSION AND THEIR IMPACT ON MARKET 52
2.5 DATA TRIANGULATION 52
FIGURE 12 ENGINEERED WOOD ADHESIVES MARKET: DATA TRIANGULATION 53
2.6 ASSUMPTIONS 53
2.7 LIMITATIONS 54
2.8 GROWTH FORECAST 54
2.9 RISK ASSESSMENT 55
TABLE 2 ENGINEERED WOOD ADHESIVES MARKET: RISK ASSESSMENT 55
2.10 RECESSION IMPACT ANALYSIS 55
3 EXECUTIVE SUMMARY 56
TABLE 3 ENGINEERED WOOD ADHESIVES MARKET SNAPSHOT (2024 VS. 2029) 57
FIGURE 13 MELAMINE FORMALDEHYDE TO BE LARGEST RESIN SEGMENT IN ENGINEERED WOOD ADHESIVES MARKET 57
FIGURE 14 PLYWOOD TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD 58
FIGURE 15 MEDIUM DENSITY FIBERBOARD TO DOMINATE MARKET DURING FORECAST PERIOD 58
FIGURE 16 NON-STRUCTURAL APPLICATION TO ACCOUNT FOR LARGER SHARE OF ENGINEERED WOOD ADHESIVES MARKET 59
FIGURE 17 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 60
4 PREMIUM INSIGHTS 61
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENGINEERED WOOD ADHESIVES MARKET 61
FIGURE 18 EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS 61
4.2 ENGINEERED WOOD ADHESIVES MARKET, BY RESIN 61
FIGURE 19 MELAMINE FORMALDEHYDE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 61
4.3 ENGINEERED WOOD ADHESIVES MARKET IN ASIA PACIFIC, BY RESIN TYPE AND COUNTRY 62
FIGURE 20 CHINA ACCOUNTED FOR LARGEST SHARE OF ENGINEERED WOOD ADHESIVES MARKET IN ASIA PACIFIC 62
4.4 ENGINEERED WOOD ADHESIVES MARKET, DEVELOPED VS. EMERGING ECONOMIES 62
FIGURE 21 EMERGING COUNTRIES TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD 62
4.5 ENGINEERED WOOD ADHESIVES MARKET, BY KEY COUNTRIES 63
FIGURE 22 INDIA TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 63
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5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 TYPES OF ADHESIVES USED IN MODERN WOOD PRODUCTS 65
5.3 ENGINEERED WOOD ADHESIVE PROJECTS 66
5.4 KEY EMERGING ECONOMIES VS. EU27 AND US 67
FIGURE 23 AVERAGE CHEMICAL PRODUCTION GROWTH PER ANNUM (2011-2021) 67
5.5 MARKET DYNAMICS 68
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ENGINEERED WOOD ADHESIVES MARKET 68
5.5.1 DRIVERS 68
5.5.1.1 Growth of building & construction industry in emerging economies 68
5.5.1.2 Increasing urban population 69
5.5.1.3 Rising demand in North America 69
5.5.1.4 Capacity expansion to cater to increasing demand 70
5.5.2 RESTRAINTS 70
5.5.2.1 Volatility in raw material prices 70
5.5.3 OPPORTUNITIES 71
5.5.3.1 Establishing authenticity through various certifications 71
5.5.3.2 Rising demand for sustainable infrastructure 71
5.5.4 CHALLENGES 72
5.5.4.1 Shifting rules and changing standards 72
5.6 PORTER'S FIVE FORCES ANALYSIS 72
TABLE 4 ENGINEERED WOOD ADHESIVES MARKET: PORTER'S FIVE FORCES ANALYSIS 72
FIGURE 25 PORTER'S FIVE FORCES ANALYSIS: ENGINEERED WOOD ADHESIVES MARKET 73
5.6.1 THREAT FROM NEW ENTRANTS 73
5.6.2 THREAT OF SUBSTITUTES 73
5.6.3 BARGAINING POWER OF BUYERS 74
5.6.4 BARGAINING POWER OF SUPPLIERS 74
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 74
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 75
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS 75
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 75
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%) 75
5.7.2 BUYING CRITERIA 76
FIGURE 27 KEY BUYING CRITERIA FOR ENGINEERED WOOD ADHESIVES 76
TABLE 6 KEY BUYING CRITERIA FOR ENGINEERED WOOD ADHESIVES 76
5.8 MACROECONOMIC INDICATORS 77
5.8.1 INTRODUCTION 77
5.8.2 GDP TRENDS AND FORECAST 77
TABLE 7 GDP TRENDS AND FORECAST, PERCENTAGE CHANGE (2020-2027) 77
5.8.3 TRENDS IN GLOBAL CONSTRUCTION INDUSTRY 78
5.9 SUPPLY CHAIN ANALYSIS 79
FIGURE 28 ENGINEERED WOOD ADHESIVES MARKET: SUPPLY CHAIN ANALYSIS 79
5.10 PRICING ANALYSIS 79
5.10.1 AVERAGE SELLING PRICE TREND, BY REGION 80
FIGURE 29 AVERAGE SELLING PRICE TREND OF ENGINEERED WOOD ADHESIVES, BY REGION, 2021-2024 80
TABLE 8 AVERAGE SELLING PRICE OF ENGINEERED WOOD ADHESIVES, BY REGION, 2022-2023 (USD/KG) 80
5.10.2 AVERAGE SELLING PRICE TREND, BY RESIN TYPE 80
FIGURE 30 AVERAGE SELLING PRICE TREND OF ENGINEERED WOOD ADHESIVES, BY RESIN TYPE (2023) 80
5.10.3 AVERAGE SELLING PRICE TREND, BY STRUCTURAL PRODUCT 81
FIGURE 31 AVERAGE SELLING PRICE TREND OF ENGINEERED WOOD ADHESIVES, BY STRUCTURAL PRODUCT (2023) 81
5.10.4 AVERAGE SELLING PRICE TREND, BY NON-STRUCTURAL PRODUCT 81
FIGURE 32 AVERAGE SELLING PRICE TREND OF ENGINEERED WOOD ADHESIVES, BY NON-STRUCTURAL PRODUCT (2023) 81
5.10.5 AVERAGE SELLING PRICE TREND, BY APPLICATION 82
FIGURE 33 AVERAGE SELLING PRICE TREND OF ENGINEERED WOOD ADHESIVES, BY APPLICATION (2023) 82
5.10.6 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 82
FIGURE 34 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 82
TABLE 9 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP APPLICATIONS, 2023 (USD/KG) 82
5.11 TRADE ANALYSIS 83
5.11.1 EXPORT SCENARIO 83
FIGURE 35 REGION-WISE EXPORT DATA, 2019-2023 (USD THOUSAND) 83
TABLE 10 COUNTRY-WISE EXPORT DATA, 2021-2023 (USD THOUSAND) 83
5.11.2 IMPORT SCENARIO 86
FIGURE 36 REGION-WISE IMPORT DATA, 2019-2023 (USD THOUSAND) 86
TABLE 11 COUNTRY-WISE IMPORT DATA, 2021-2023 (USD THOUSAND) 86
5.12 REGULATORY LANDSCAPE AND STANDARDS 89
5.12.1 REGULATIONS IMPACTING ENGINEERED WOOD ADHESIVES BUSINESS 89
TABLE 12 EMISSION LIMITS FOR ENGINEERED WOOD PRODUCTS 89
5.12.1.1 Frequent questions asked 89
5.12.2 WOOD MANUFACTURING REGULATIONS 91
5.12.3 ENVIRONMENTAL REGULATIONS FOR WOOD MANUFACTURING 91
5.12.3.1 Clean Air Act 92
5.12.3.2 Clean Water Act 92
5.12.3.3 Toxic Substances Control Act (TSCA) 92
5.12.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 14 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
5.13 ECOSYSTEM/MARKET MAP 95
TABLE 16 ENGINEERED WOOD ADHESIVES MARKET: ROLE IN ECOSYSTEM 95
FIGURE 37 ENGINEERED WOOD ADHESIVES MARKET: ECOSYSTEM MAPPING 96
FIGURE 38 ENGINEERED WOOD ADHESIVES: ECOSYSTEM ANALYSIS 96
5.14 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 97
FIGURE 39 TRENDS IN END-USE INDUSTRIES IMPACTING BUSINESS OF ENGINEERED WOOD ADHESIVE MANUFACTURERS 97
5.15 INVESTMENT AND FUNDING SCENARIO 97
TABLE 17 INVESTMENT AND FUNDING SCENARIO 98
5.16 PATENT ANALYSIS 99
5.16.1 METHODOLOGY 99
5.16.2 PUBLICATION TRENDS 99
FIGURE 40 PUBLISHED PATENTS, 2019-2023 99
5.16.3 JURISDICTION ANALYSIS 100
FIGURE 41 PATENTS PUBLISHED BY JURISDICTION, 2019-2023 100
5.16.4 TOP APPLICANTS 100
FIGURE 42 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2019-2023 100
TABLE 18 TOP PATENT OWNERS 101
FIGURE 43 TOP PATENT APPLICANTS 102
5.17 TECHNOLOGY ANALYSIS 102
5.17.1 KEY TECHNOLOGIES 103
5.17.1.1 Melamine formaldehyde 103
5.17.1.2 Phenol resorcinol formaldehyde 104
5.17.2 COMPLIMENTARY TECHNOLOGIES 104
5.17.2.1 Polyurethane 104
5.17.3 ADJACENT TECHNOLOGIES 105
5.17.3.1 Dowel-laminated timber 105
5.17.3.2 Mechanical fasteners 105
5.18 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 106
5.18.1 RUSSIA-UKRAINE WAR 106
5.18.2 CHINA 106
5.18.2.1 Decreasing FDI cooling China's growth trajectory 106
5.18.2.2 Environmental commitments 107
5.18.3 EUROPE 107
5.18.3.1 Energy crisis in Europe 107
5.18.4 CHOKEPOINTS THREATENING GLOBAL TRADE 107
5.18.5 OUTLOOK FOR CHEMICAL INDUSTRY 109
5.19 CASE STUDY ANALYSIS 110
5.19.1 CASE STUDY 1 110
5.19.2 CASE STUDY 2 110
5.19.3 CASE STUDY 3 110
5.20 KEY CONFERENCES AND EVENTS 111
TABLE 19 ENGINEERED WOOD ADHESIVES MARKET: KEY CONFERENCES AND EVENTS, 2024-2025 111
6 ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE 112
6.1 INTRODUCTION 113
FIGURE 44 MELAMINE FORMALDEHYDE TO ACCOUNT FOR LARGEST SHARE OF ENGINEERED WOOD ADHESIVES MARKET 114
TABLE 20 ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (USD MILLION) 114
TABLE 21 ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (KILOTON) 114
6.2 MELAMINE FORMALDEHYDE 115
6.2.1 UREA 115
6.2.1.1 Superior bond and cost-effectiveness boosting demand 115
6.2.2 MELAMINE UREA FORMALDEHYDE 116
6.2.2.1 High performance and cost-efficiency to boost demand 116
TABLE 22 MELAMINE FORMALDEHYDE: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 117
TABLE 23 MELAMINE FORMALDEHYDE: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 117
6.3 PHENOL RESORCINOL FORMALDEHYDE 117
6.3.1 ENHANCED DURABILITY AND STABILITY TO DRIVE DEMAND 117
TABLE 24 PHENOL RESORCINOL FORMALDEHYDE: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 118
TABLE 25 PHENOL RESORCINOL FORMALDEHYDE: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 118
6.4 POLYURETHANE 119
6.4.1 ROBUST FLEXIBILITY AND EXCELLENT MOISTURE RESISTANCE TO FUEL DEMAND 119
TABLE 26 POLYURETHANE: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 119
TABLE 27 POLYURETHANE: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 120
6.5 OTHER RESIN TYPES 120
TABLE 28 OTHER RESIN TYPES: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 121
TABLE 29 OTHER RESIN TYPES: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 121
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7 ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT 122
7.1 INTRODUCTION 123
FIGURE 45 PLYWOOD TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 124
FIGURE 46 MEDIUM DENSITY FIBERBOARD TO LEAD MARKET IN NON-STRUCTURAL PRODUCT SEGMENT 124
TABLE 30 ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (USD MILLION) 124
TABLE 31 ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (KILOTON) 125
TABLE 32 ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (USD MILLION) 125
TABLE 33 ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (KILOTON) 125
7.1.1 STRUCTURAL 126
7.1.1.1 Plywood 126
7.1.1.1.1 Prominent usage in multiple construction activities to fuel demand 126
7.1.1.2 Oriented strand board 126
7.1.1.2.1 Versatile properties suitable for structural applications to drive market 126
7.1.1.3 Other structural products 127
7.1.1.3.1 Cross-laminated timber 127
7.1.1.3.2 Glulam 128
7.1.1.3.3 Laminated veneer lumber 128
TABLE 34 PLYWOOD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 129
TABLE 35 PLYWOOD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 129
TABLE 36 ORIENTED STRAND BOARD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 130
TABLE 37 ORIENTED STRAND BOARD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 130
TABLE 38 OTHER STRUCTURAL PRODUCTS: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 130
TABLE 39 OTHER STRUCTURAL PRODUCTS: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 131
7.1.2 NON-STRUCTURAL 131
7.1.2.1 Medium density fiberboard 131
7.1.2.1.1 Structural stability and strength to drive demand 131
7.1.2.2 Particle board 132
7.1.2.2.1 Furniture and construction industries to drive market 132
7.1.3 OTHERS 132
TABLE 40 MEDIUM DENSITY FIBERBOARD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 133
TABLE 41 MEDIUM DENSITY FIBERBOARD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 133
TABLE 42 PARTICLE BOARD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 134
TABLE 43 PARTICLE BOARD: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 134
TABLE 44 OTHER NON-STRUCTURAL PRODUCTS: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 134
TABLE 45 OTHER NON-STRUCTURAL PRODUCTS: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 135
8 ENGINEERED WOOD ADHESIVES MARKET, BY TECHNOLOGY 136
8.1 INTRODUCTION 137
8.2 SOLVENT-BASED 137
8.2.1 ROBUST PERFORMANCE AND HIGH STRENGTH TO DRIVE DEMAND 137
8.3 WATER-BASED 138
8.3.1 EMERGING ECONOMIES TO FUEL DEMAND FOR WATER-BASED ADHESIVES 138
8.4 SOLVENT-LESS 139
8.4.1 GROWING DEMAND FROM CONSTRUCTION SECTOR TO DRIVE MARKET 139
8.5 REACTIVE TECHNOLOGY 140
8.5.1 EPOXY 141
8.5.1.1 Resistant to moisture and UV light to fuel demand 141
8.5.2 POLYURETHANE 142
8.5.2.1 High durability and structural integrity to support market growth 142
8.5.3 CYANOACRYLATE 142
8.5.3.1 Minimal clamp time and durable adhesive to drive demand 142
8.5.4 POLYISOCYANATE 143
8.5.4.1 Structural integrity and longevity to drive market 143
9 ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION 144
9.1 INTRODUCTION 145
FIGURE 47 NON-STRUCTURAL SEGMENT TO DOMINATE OVERALL ENGINEERED WOOD ADHESIVES MARKET 146
TABLE 46 ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 146
TABLE 47 ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 146
9.2 STRUCTURAL 147
9.2.1 STRUCTURAL APPLICATION TO REGISTER HIGH GROWTH RATE DURING FORECAST PERIOD 147
TABLE 48 STRUCTURAL: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 148
TABLE 49 STRUCTURAL: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 148
9.3 NON-STRUCTURAL 148
9.3.1 AESTHETIC ADAPTABILITY AND COST-EFFECTIVENESS DRIVING DEMAND IN NON-STRUCTURAL APPLICATIONS 148
TABLE 50 NON-NSTRUCTURAL: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 149
TABLE 51 NON-STRUCTURAL: ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 149
10 ENGINEERED WOOD ADHESIVES MARKET, BY REGION 150
10.1 INTRODUCTION 151
TABLE 52 GLOBAL CONSTRUCTION OUTLOOK 152
FIGURE 48 SHARE OF BUILDINGS IN TOTAL FINAL ENERGY CONSUMPTION IN 2022 153
FIGURE 49 SHARE OF BUILDINGS IN TOTAL FINAL ENERGY CONSUMPTION IN 2022 153
FIGURE 50 ASIA PACIFIC TO REGISTER HIGHEST CAGR FOR ENGINEERED WOOD ADHESIVES BETWEEN 2024 AND 2029 154
TABLE 53 ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (USD MILLION) 154
TABLE 54 ENGINEERED WOOD ADHESIVES MARKET, BY REGION, 2021-2029 (KILOTON) 154
10.2 NORTH AMERICA 155
TABLE 55 NORTH AMERICA: SUMMARY TABLE OF MARKET FORECASTS FOR 2023 AND 2024 155
10.2.1 RECESSION IMPACT 156
FIGURE 51 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET SNAPSHOT 157
TABLE 56 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY, 2021-2029 (USD MILLION) 158
TABLE 57 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY, 2021-2029 (KILOTON) 158
TABLE 58 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (USD MILLION) 158
TABLE 59 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (KILOTON) 159
TABLE 60 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (USD MILLION) 159
TABLE 61 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (KILOTON) 159
TABLE 62 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (USD MILLION) 160
TABLE 63 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (KILOTON) 160
TABLE 64 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 160
TABLE 65 NORTH AMERICA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 160
10.2.2 US 161
10.2.2.1 Presence of major manufacturers to drive market 161
TABLE 66 US: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 163
TABLE 67 US: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 163
?
10.2.3 CANADA 163
10.2.3.1 Residential construction to drive market 163
TABLE 68 CANADA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 164
TABLE 69 CANADA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 165
10.2.4 MEXICO 165
10.2.4.1 Investments in infrastructure, energy, and commercial construction projects to drive market 165
TABLE 70 MEXICO: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 166
TABLE 71 MEXICO: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 166
10.3 EUROPE 166
10.3.1 RECESSION IMPACT 168
FIGURE 52 EUROPE: ENGINEERED WOOD ADHESIVES MARKET SNAPSHOT 169
TABLE 72 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY, 2021-2029 (USD MILLION) 170
TABLE 73 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY 2021-2029 (KILOTON) 170
TABLE 74 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (USD MILLION) 171
TABLE 75 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (KILOTON) 171
TABLE 76 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (USD MILLION) 171
TABLE 77 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (KILOTON) 172
TABLE 78 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (USD MILLION) 172
TABLE 79 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (KILOTON) 172
TABLE 80 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 172
TABLE 81 EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 173
10.3.2 GERMANY 173
10.3.2.1 Infrastructure enhancement and high for commercial projects upthrust the demand 173
TABLE 82 GERMANY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 174
TABLE 83 GERMANY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 174
10.3.3 AUSTRIA 174
10.3.3.1 Resurgence of wooden commercial projects to drive demand 174
TABLE 84 AUSTRIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 175
TABLE 85 AUSTRIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 176
10.3.4 SWITZERLAND 176
10.3.4.1 High R&D investments and economic growth propelling demand 176
TABLE 86 CONSTRUCTION AND HOUSING KEY FIGURES 177
TABLE 87 SWITZERLAND: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 177
TABLE 88 SWITZERLAND: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 178
10.3.5 ITALY 178
10.3.5.1 High disposable income and rising FII investments 178
TABLE 89 ITALY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 178
TABLE 90 ITALY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 179
10.3.6 UK 179
10.3.6.1 Growing construction sector to boost demand 179
TABLE 91 UK: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 181
TABLE 92 UK: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 181
10.3.7 FRANCE 181
10.3.7.1 Population growth to generate demand for residential construction to increase demand 181
TABLE 93 FRANCE: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 182
TABLE 94 FRANCE: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 182
10.3.8 TURKEY 182
10.3.8.1 Recovery of construction industry to increase demand 182
TABLE 95 TURKEY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 183
TABLE 96 TURKEY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 183
10.3.9 DENMARK 184
10.3.9.1 Strong infrastructure growth to support demand 184
TABLE 97 DENMARK: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 185
TABLE 98 DENMARK: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 185
10.3.10 NORWAY 185
10.3.10.1 Green building projects and stricter building codes to increase demand 185
TABLE 99 NORWAY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 186
TABLE 100 NORWAY: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 187
10.3.11 SWEDEN 187
10.3.11.1 Strategic public-private partnership projects across country to drive market 187
TABLE 101 SWEDEN: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 188
TABLE 102 SWEDEN: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 188
10.3.12 FINLAND 188
10.3.12.1 Rising residential construction to increase demand 188
TABLE 103 FINLAND: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 189
TABLE 104 FINLAND: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 189
10.3.13 SLOVAKIA 189
10.3.13.1 Economic recovery and rising investment to stabilize demand 189
TABLE 105 SLOVAKIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 190
TABLE 106 SLOVAKIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 190
10.3.14 CZECH REPUBLIC 190
10.3.14.1 Moderate growth and residential housing sector recovery hold demand 190
TABLE 107 CZECH REPUBLIC: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 191
TABLE 108 CZECH REPUBLIC: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 191
10.3.15 REST OF EUROPE 192
TABLE 109 REST OF EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 192
TABLE 110 REST OF EUROPE: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 192
10.4 ASIA PACIFIC 193
10.4.1 RECESSION IMPACT 194
FIGURE 53 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET SNAPSHOT 195
TABLE 111 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY, 2021-2029 (USD MILLION) 196
TABLE 112 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY 2021-2029 (KILOTON) 196
TABLE 113 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (USD MILLION) 197
TABLE 114 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (KILOTON) 197
TABLE 115 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (USD MILLION) 197
TABLE 116 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (KILOTON) 198
TABLE 117 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (USD MILLION) 198
TABLE 118 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (KILOTON) 198
TABLE 119 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 198
TABLE 120 ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 199
10.4.2 CHINA 199
10.4.2.1 Significant increase in investments in real estate and non-residential construction to boost market 199
TABLE 121 CHINA: TIMBER PRODUCTION BY PROVINCE, 2020-2021 200
TABLE 122 CHINA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 202
TABLE 123 CHINA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 202
10.4.3 INDIA 203
10.4.3.1 Emerging economy and rising FDI investment to drive market 203
TABLE 124 INDIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 206
TABLE 125 INDIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 207
10.4.4 JAPAN 207
10.4.4.1 Investments by government in commercial and reconstruction to boost demand 207
FIGURE 54 WOOD SUPPLY IN JAPAN (BY COUNTRY) 208
TABLE 126 JAPAN: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 208
TABLE 127 JAPAN: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 208
10.4.5 SOUTH KOREA 209
10.4.5.1 Significant expenditure on construction projects to increase demand 209
TABLE 128 SOUTH KOREA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 210
TABLE 129 SOUTH KOREA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 210
10.4.6 INDONESIA 210
10.4.6.1 Rising consumer spending and growing construction industry to boost market 210
TABLE 130 INDONESIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 211
TABLE 131 INDONESIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 211
10.4.7 THAILAND 211
10.4.7.1 Enhancing tourism, stabilizing private consumption, and boosting public investment to boost market 211
TABLE 132 THAILAND: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 212
TABLE 133 THAILAND: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 212
10.4.8 MALAYSIA 212
10.4.8.1 Sustaining domestic demand and rising exports to boost market 212
TABLE 134 MALAYSIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 213
TABLE 135 MALAYSIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 213
10.4.9 AUSTRALIA AND NEW ZEALAND 213
10.4.9.1 Sustainable construction to uphold demand 213
TABLE 136 AUSTRALIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 214
TABLE 137 AUSTRALIA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 214
10.4.10 REST OF ASIA PACIFIC 215
TABLE 138 REST OF ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 215
TABLE 139 REST OF ASIA PACIFIC: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 215
10.5 REST OF THE WORLD 215
10.5.1 RECESSION IMPACT 217
FIGURE 55 BRAZIL TO REGISTER HIGHEST CAGR BETWEEN 2024 AND 2029 218
TABLE 140 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY, 2021-2029 (USD MILLION) 218
TABLE 141 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY COUNTRY, 2021-2029 (KILOTON) 218
TABLE 142 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (USD MILLION) 219
TABLE 143 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY RESIN TYPE, 2021-2029 (KILOTON) 219
TABLE 144 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (USD MILLION) 219
TABLE 145 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (STRUCTURAL), 2021-2029 (KILOTON) 220
TABLE 146 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (USD MILLION) 220
TABLE 147 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY PRODUCT (NON-STRUCTURAL), 2021-2029 (KILOTON) 220
TABLE 148 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 220
TABLE 149 REST OF THE WORLD: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 221
10.5.2 BRAZIL 221
10.5.2.1 Easy availability of raw materials to propel market growth 221
TABLE 150 BRAZIL: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 221
TABLE 151 BRAZIL: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 222
?
10.5.3 ARGENTINA 222
10.5.3.1 Increase in population and improved economic conditions to drive demand 222
TABLE 152 ARGENTINA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 222
TABLE 153 ARGENTINA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 223
10.5.4 SOUTH AFRICA 223
10.5.4.1 Growing building projects to increase demand 223
TABLE 154 SOUTH AFRICA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 224
TABLE 155 SOUTH AFRICA: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 224
10.5.5 OTHER COUNTRIES 224
TABLE 156 OTHER COUNTRIES: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (USD MILLION) 225
TABLE 157 OTHER COUNTRIES: ENGINEERED WOOD ADHESIVES MARKET, BY APPLICATION, 2021-2029 (KILOTON) 225
11 COMPETITIVE LANDSCAPE 226
11.1 KEY PLAYER STRATEGIES 226
11.1.1 BY KEY PLAYERS STRATEGIES/RIGHT TO WIN, (JANUARY 2018
TO DECEMBER 2023) 226
TABLE 158 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS
(JANUARY 2018 TO DECEMBER 2023) 226
11.2 MARKET SHARE ANALYSIS 228
FIGURE 56 MARKET SHARE ANALYSIS, 2023 228
TABLE 159 ENGINEERED WOOD ADHESIVES MARKET: DEGREE OF COMPETITION 228
11.2.1 MARKET RANKING ANALYSIS 230
FIGURE 57 MARKET RANKING ANALYSIS, 2023 230
11.3 TOP 5 PLAYERS' REVENUE ANALYSIS 231
FIGURE 58 MARKET REVENUE ANALYSIS OF TOP FIVE PLAYERS 231
11.4 COMPANY VALUATION AND FINANCIAL METRICS, 2023 231
11.4.1 COMPANY VALUATION 231
FIGURE 59 COMPANY VALUATION 231
11.4.2 FINANCIAL METRICS 232
FIGURE 60 FINANCIAL METRICS 232
11.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 233
11.5.1 BRAND/PRODUCT COMPARATIVE ANALYSIS 233
FIGURE 61 BRAND/PRODUCT COMPARATIVE ANALYSIS 233
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 234
11.6.1 STARS 234
11.6.2 EMERGING LEADERS 234
11.6.3 PERVASIVE PLAYERS 234
11.6.4 PARTICIPANTS 234
FIGURE 62 ENGINEERED WOOD ADHESIVES MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023 235
FIGURE 63 PRODUCT FOOTPRINT (25 COMPANIES) 236
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS 237
TABLE 160 COMPANY FOOTPRINT (25 COMPANIES) 237
TABLE 161 REGION FOOTPRINT (25 COMPANIES) 238
TABLE 162 APPLICATION FOOTPRINT (25 COMPANIES) 239
TABLE 163 RESIN TYPE FOOTPRINT (25 COMPANIES) 240
TABLE 164 PRODUCT FOOTPRINT (25 COMPANIES) 241
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 242
11.7.1 PROGRESSIVE COMPANIES 242
11.7.2 RESPONSIVE COMPANIES 242
11.7.3 DYNAMIC COMPANIES 242
11.7.4 STARTING BLOCKS 242
FIGURE 64 ENGINEERED WOOD ADHESIVES MARKET: COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023 243
11.7.5 COMPETITIVE BENCHMARKING 244
11.7.5.1 Detailed list of key startups/SMEs 244
TABLE 165 ENGINEERED WOOD ADHESIVES MARKET: DETAILED LIST OF KEY STARTUPS/SMES 244
11.7.5.2 Competitive benchmarking of key startups/SMEs 244
TABLE 166 ENGINEERED WOOD ADHESIVES MARKET: COMPETITIVE BENCHMARKING
OF KEY PLAYERS (STARTUPS/SMES) 244
11.8 COMPETITIVE SCENARIO AND TRENDS 245
11.8.1 ENGINEERED WOOD ADHESIVES MARKET: PRODUCT LAUNCHES, JANUARY 2018-DECEMBER 2023 245
TABLE 167 ENGINEERED WOOD ADHESIVES MARKET: PRODUCT LAUNCHES, JANUARY 2018-DECEMBER 2023 245
11.8.2 ENGINEERED WOOD ADHESIVES MARKET: DEALS, JANUARY 2018-DECEMBER 2023 245
TABLE 168 ENGINEERED WOOD ADHESIVES MARKET: DEALS, JANUARY 2018-DECEMBER 2023 245
11.8.3 ENGINEERED WOOD ADHESIVES MARKET: EXPANSIONS, JANUARY 2018-DECEMBER 2023 248
TABLE 169 ENGINEERED WOOD ADHESIVES MARKET: EXPANSIONS, JANUARY 2018-DECEMBER 2023 248
12 COMPANY PROFILES 251
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats) *
12.1 MAJOR PLAYERS 251
12.1.1 H.B. FULLER COMPANY 251
TABLE 170 H.B. FULLER COMPANY: BUSINESS OVERVIEW 251
FIGURE 65 H.B. FULLER COMPANY: COMPANY SNAPSHOT 252
TABLE 171 H.B. FULLER COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 252
TABLE 172 H.B. FULLER COMPANY: DEALS, JANUARY 2018-DECEMBER 2023 254
TABLE 173 H.B. FULLER COMPANY: EXPANSIONS, JANUARY 2018- DECEMBER 2023 255
12.1.2 HENKEL AG & CO. KGAA 256
TABLE 174 HENKEL AG & CO. KGAA: COMPANY OVERVIEW 256
FIGURE 66 HENKEL AG & CO. KGAA: COMPANY SNAPSHOT 257
TABLE 175 HENKEL AG & CO. KGAA: DEALS, JANUARY 2018-DECEMBER 2023 258
TABLE 176 HENKEL AG & CO. KGAA: EXPANSIONS, JANUARY 2018-DECEMBER 2023 258
12.1.3 AKZO NOBEL N.V. 260
TABLE 177 AKZO NOBEL N.V.: COMPANY OVERVIEW 260
FIGURE 67 AKZO NOBEL N.V.: COMPANY SNAPSHOT 260
12.1.4 ARKEMA SA 262
TABLE 178 ARKEMA SA: COMPANY OVERVIEW 262
FIGURE 68 ARKEMA SA: COMPANY SNAPSHOT 263
TABLE 179 ARKEMA SA: DEALS, JANUARY 2018-DECEMBER 2023 264
12.1.5 BASF SE (JANUARY 2018 - DECEMBER 2023) 266
TABLE 180 BASF SE: COMPANY OVERVIEW 266
FIGURE 69 BASF SE: COMPANY SNAPSHOT 267
TABLE 181 BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 267
TABLE 182 BASF SE: DEALS, JANUARY 2018-DECEMBER 2023 268
12.1.6 DOW 269
TABLE 183 DOW: COMPANY OVERVIEW 269
FIGURE 70 DOW: COMPANY SNAPSHOT 269
12.1.7 HUNTSMAN CORPORATION 271
TABLE 184 HUNTSMAN CORPORATION: COMPANY OVERVIEW 271
FIGURE 71 HUNTSMAN CORPORATION: COMPANY SNAPSHOT 271
TABLE 185 HUNTSMAN CORPORATION: DEALS, JANUARY 2018-DECEMBER 2023 272
12.1.8 AICA KOGYO CO., LTD. 273
TABLE 186 AICA KOGYO CO., LTD.: COMPANY OVERVIEW 273
FIGURE 72 AICA KOGYO CO., LTD.: COMPANY SNAPSHOT 274
TABLE 187 AICA KOGYO CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 274
12.1.9 ASTRAL LIMITED 275
TABLE 188 ASTRAL LIMITED: COMPANY OVERVIEW 275
FIGURE 73 ASTRAL LIMITED: COMPANY SNAPSHOT 276
TABLE 189 ASTRAL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 277
12.1.10 HEXION 278
TABLE 190 HEXION: COMPANY OVERVIEW 278
TABLE 191 HEXION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 278
12.1.11 CHEMIQUE ADHESIVES & SEALANTS LTD. 279
TABLE 192 CHEMIQUE ADHESIVES & SEALANTS LTD.: COMPANY OVERVIEW 279
TABLE 193 CHEMIQUE ADHESIVES & SEALANTS LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERINGS 279
12.1.12 BOLTON GROUP 280
TABLE 194 BOLTON GROUP: COMPANY OVERVIEW 280
TABLE 195 BOLTON GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 280
12.1.13 WINLONG GW INTERNATIONAL TECHNOLOGY (QINGDAO) CO., LTD. 281
TABLE 196 WINLONG GW INTERNATIONAL TECHNOLOGY (QINGDAO) CO., LTD.: COMPANY OVERVIEW 281
TABLE 197 WINLONG GW INTERNATIONAL TECHNOLOGY (QINGDAO) CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 282
12.1.14 SUPER BOND ADHESIVE PVT. LTD. 283
TABLE 198 SUPER BOND ADHESIVE PVT. LTD.: COMPANY OVERVIEW 283
TABLE 199 SUPER BOND ADHESIVE PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 283
12.1.15 JOWAT SE 284
TABLE 200 JOWAT SE: COMPANY OVERVIEW 284
TABLE 201 JOWAT SE: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 284
12.1.16 MAPEI CORPORATION 285
TABLE 202 MAPEI CORPORATION: COMPANY OVERVIEW 285
TABLE 203 MAPEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 285
12.1.17 SURFACTANT INDUSTRIES 286
TABLE 204 SURFACTANT INDUSTRIES: COMPANY OVERVIEW 286
TABLE 205 SURFACTANT INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 286
12.1.18 ARCLIN, INC. 287
TABLE 206 ARCLIN, INC.: COMPANY OVERVIEW 287
TABLE 207 ARCLIN, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 287
TABLE 208 ARCLIN, INC.: DEALS, JANUARY 2018-DECEMBER 2023 287
12.1.19 AKKIM SEALANTS & ADHESIVES 288
TABLE 209 AKKIM SEALANTS & ADHESIVES: COMPANY OVERVIEW 288
TABLE 210 AKKIM SEALANTS & ADHESIVES: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 288
12.1.20 IFS INDUSTRIES INC. 289
TABLE 211 IFS INDUSTRIES INC.: COMPANY OVERVIEW 289
TABLE 212 IFS INDUSTRIES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 289
12.1.21 KIILTO 290
TABLE 213 KIILTO: COMPANY OVERVIEW 290
TABLE 214 KIILTO: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 290
TABLE 215 KIILTO: DEALS, JANUARY 2018-DECEMBER 2023 291
12.1.22 TREMCO 292
TABLE 216 TREMCO: COMPANY OVERVIEW 292
TABLE 217 TREMCO: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 292
12.1.23 NAPCO 293
TABLE 218 NAPCO: COMPANY OVERVIEW 293
TABLE 219 NAPCO: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 293
12.1.24 DYNEA 294
TABLE 220 DYNEA: COMPANY OVERVIEW 294
TABLE 221 DYNEA: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 294
12.1.25 ROBATECH AG 295
TABLE 222 ROBATECH AG: COMPANY OVERVIEW 295
TABLE 223 ROBATECH AG: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 295
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS 296
13.1 INTRODUCTION 296
13.2 CROSS-LAMINATED TIMBER 296
13.2.1 MARKET DEFINITION 296
13.2.2 CROSS-LAMINATED TIMBER: MARKET OVERVIEW 296
13.2.3 CROSS-LAMINATED TIMBER MARKET, BY TYPE 297
TABLE 224 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020-2022 (USD MILLION) 297
TABLE 225 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023-2028 (USD MILLION) 297
TABLE 226 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2020-2022 (THOUSAND CUBIC METERS) 297
TABLE 227 CROSS-LAMINATED TIMBER MARKET, BY TYPE, 2023-2028 (THOUSAND CUBIC METERS) 298
13.2.4 CROSS-LAMINATED TIMBER MARKET, BY END-USE INDUSTRY 298
TABLE 228 CROSS-LAMINATED TIMBER MARKET, BY END-USE INDUSTRY, 2020-2022 (USD MILLION) 298
TABLE 229 CROSS-LAMINATED TIMBER MARKET, BY END-USE INDUSTRY, 2023-2028 (USD MILLION) 298
TABLE 230 CROSS-LAMINATED TIMBER MARKET, BY END-USE INDUSTRY, 2020-2022 (THOUSAND CUBIC METERS) 299
TABLE 231 CROSS-LAMINATED TIMBER MARKET, BY END-USE INDUSTRY, 2023-2028 (THOUSAND CUBIC METERS) 299
13.2.5 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY 299
TABLE 232 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020-2022 (USD MILLION) 299
TABLE 233 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023-2028 (USD MILLION) 300
TABLE 234 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2020-2022 (THOUSAND CUBIC METER) 300
TABLE 235 CROSS-LAMINATED TIMBER MARKET, BY INDUSTRY, 2023-2028 (THOUSAND CUBIC METER) 300
13.2.6 CROSS-LAMINATED TIMBER MARKET, BY REGION 301
TABLE 236 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020-2022 (USD MILLION) 301
TABLE 237 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023-2028 (USD MILLION) 301
TABLE 238 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2020-2022 (THOUSAND CUBIC METERS) 302
TABLE 239 CROSS-LAMINATED TIMBER MARKET, BY REGION, 2023-2028 (THOUSAND CUBIC METERS) 302
14 APPENDIX 303
14.1 DISCUSSION GUIDE 303
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 306
14.3 CUSTOMIZATION OPTIONS 308
14.4 RELATED REPORTS 308
14.5 AUTHOR DETAILS 309
- Not Sure / Need Reassuring
- Confirm Content
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Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
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- Sample Pages
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With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Check for Alternatives
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Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
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- Confirm Content
- Prices / Formats / Delivery
- Prices
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All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security