Wood Adhesives and Binders Market trends research and projections for 2017-2024

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Wood Adhesives And Binders Market applications
and companies active in the industry
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Global Market Scenario of Tallow Fatty Acids
Industry

• Escalating growth in the construction sector will
  lead wood adhesives and binders market to carve
  an exponential growth graph over the years ahead,
  driven by the shifting consumer trends toward
  aesthetics.
• Growing urbanization and industrialization across
  the BRIC countries will also augment wood
  adhesives and binders industry share.
• The rising urban population, accustomed to a
  lavish lifestyle, will spend heavily on
  renovating homes and offices, in response to
  which global wood adhesives and binders market
  will observe significant growth.
• According to Global Market Insights, Inc., Wood
  Adhesives and Binders industry will record an
  annual growth rate of more than 4 over the
  period of 2016 to 2024.

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Continued...

• Phenol formaldehyde based products will register
  an annual growth rate of more than 4 over the
  period of 2016 to 2024,
• primarily driven by its surging demand
  pertaining to its properties of low surface
  energy, better chemical resistance, and high
  performance in moist conditions.
• Urea-formaldehyde based wood adhesives and
  binders industry was worth USD 3 billion in 2015
  and is projected to witness considerable growth
  prospects over the coming timeframe.
• The growth can be attributed to its high demand
  pertaining to its excellent bond strength along
  with availability at lower cost.

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U.S Wood Adhesives And Binders Market size, by
application, 2015 2024 (USD Million)
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360 Analysis

• Wood Adhesives And Binders Market, By Product
• Urea-formaldede wood adhesives and binders market
  share was approximately USD 3 billion in 2015.
  Urea-formaldehyde demand is growing owing to its
  high bond strength and comparatively low prices.
  These are widely utilized in structural and
  non-structural applications including flooring
  plywood, furniture, windows doors and cabinets.
• Wood Adhesives And Binders Market, By Application
• Global wood adhesives and binders market size for
  flooring plywood applications shall witness
  gains at over 5 CAGR in terms of volume.
  Flooring plywood applications include hardwood
  and softwood plywood applications and oriented
  strand board (OSB) particle board. Strong growth
  in the flooring industry along with escalating
  product demand will boost business growth by
  2024.
• Wood Adhesives And Binders Market, By Region
• North America, led mainly by the U.S. wood
  adhesives and binders market share shall
  experience gains more than 4.5 CAGR over the
  estimated period. Increasing interior remodeling
  activities in the U.S. due to lavish consumer
  lifestyles will drive industry growth.

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