As per the recently published report by MarketsandMarkets™, The “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″, size is projected to grow from USD 8.7 billion in 2024 to USD 10.5 billion in 2029, at a CAGR of 3.7%. The demand for engineered wood adhesives is heavily influenced by regional construction trends. The Asia-Pacific region is one of the largest consumers, driven by rapid urbanization, expanding manufacturing sectors, and significant infrastructural investments in countries like China, India, and Indonesia. North America and Europe also represent significant markets, where higher standards of building regulation and a shift toward sustainable construction practices bolster the adoption of advanced adhesive technologies. Technological innovation remains a critical theme within this market.
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- 189 Market data Tables
- 73 Figures
- 309 Pages and in-depth TOC on “Engineered Wood Adhesives Market – Global Forecast to 2029”
This report also provides a comprehensive analysis of the companies listed below:
Some of the major players in the engineered wood adhesives market include 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) among others, have framed their strategies to penetrate and create bases in these emerging markets. Furthermore, numerous businesses are seeking to strengthen their research and development departments in order to deliver more efficient and sustainable goods. These products are manufactured in accordance with the limits imposed by organizations and governments.
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Looking ahead, the engineered wood adhesives market is positioned for growth, driven by the global expansion of the construction sector, particularly in emerging economies. The increasing popularity of engineered wood due to its cost-effectiveness and environmental benefits compared to traditional construction materials like concrete and steel, will continue to create new opportunities for adhesive manufacturers. However, players in the market will need to navigate environmental regulations and meet evolving customer demands with innovative, compliant adhesive solutions.