Transparency
Market Research has published a new market report titled “Wood
Adhesives and Binders Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020.” According to the report,
the global wood adhesives and binders market was valued at USD 13.15
billion in 2013 and is expected to reach USD 17.77 billion by 2020,
expanding at a CAGR of 4.4% between 2014 and 2020. In terms of
volume, the global wood adhesives and binders market stood at
16,207.7 kilo tons in 2013.
Browse
the full Wood Adhesives and Binders Market report at
:
http://www.transparencymarketresearch.com/wood-adhesives-binders-market.html
Increasing
population across the globe is estimated to boost the market for
construction projects. This, in turn, is anticipated to propel the
wood adhesives and binders market in the near future. Benefits such
as ease of use, time efficiency, lightness in weight, low prices and
aesthetics are the major drivers for rising adoption of wood
adhesives and binders. However, stringent regulations associated with
volatile organic compounds (VOCs) and instability in prices of
petroleum feedstock is projected to hamper market growth during the
forecast period. Furthermore, revenues are expected to grow at a
slower rate compared to volume due to price sensitivity of the
end-user markets and shifting trend towards products with lower VOCs.
In
order to reduce their reliance on synthetic (petroleum-derived) wood
adhesives and binders, major industry participants have been shifting
their focus towards developing bio-based wood adhesives and binders
over the past few years. Bio-based wood adhesives and binders made
from soy and cellulose offer better biocompatibility with
environment.
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a Brochure of this Report :
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North
America dominated the global wood adhesives and binders market,
accounting for about 33% of the global market in terms of volume in
2013. Asia Pacific was the fastest growing market for wood adhesives
and binders, accounting for a significant share of the market volume
in 2013. The market in the region is likely to grow at a faster pace
from 2014 to 2020. Europe also held a healthy share of the market in
terms of volume in 2013. Major demand growth in Europe is expected
from emerging Eastern European countries, especially Russia. RoW
accounted for the least share of the total volume in 2013.
Urea-formaldehyde
products emerged as the largest product segment, accounting for over
30% of the global wood adhesives and binders market in 2013. In terms
of volume, soy-based wood adhesives and binders are expected to be
the fastest growing products, expanding at a CAGR of approximately 7%
between 2014 and 2020, due to a shift towards bio-based products
encouraged by stringent environment regulations and sustainability
requirements. Additionally, bio-based wood adhesives and binders
offer superior biocompatibility and negligible VOC emissions.
Flooring
& plywood applications dominated the market in 2013, constituting
over half the share of the global market in terms of volume.
Furniture & subcomponent applications are likely to be the
fastest growing market for wood adhesives and binders, expanding at a
CAGR of over 5% from 2014 to 2020 in terms of volume. Other
applications of wood adhesives and binders include do-it-yourself
(DIY) consumer products and crafts. These are expected to grow at a
slower pace during the forecast period.
The
report segments the global wood adhesives and binders market as:
Wood
Adhesives and Binders Market – Product Segment Analysis
- Urea-formaldehyde (UF)
- Melamine-urea-formaldehyde (MUF)
- Phenol-formaldehyde (PF)
- Isocyanates (MDI, TDI, HDI)
- Soy based
- Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate (EVA)
Wood
Adhesives and Binders Market – Application Analysis
- Cabinets
- Flooring & plywood
- Furniture & subcomponents
- Windows & doors
- Others (Including do-it-yourself consumer products and crafts)
Wood
Adhesives and Binders Market - Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/wood-adhesives-binders-market.htm
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Us
Transparency
Market Research (TMR) is a global market intelligence company,
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material for business reports.
Contact
Mr.
Nachiket Ghumare
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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