The global market size of wood adhesives will reach $5 billion 240 million in 2026

2017-04-05

Coating industry:

In, the global wood adhesive market grew at a compound annual rate of 3.1%, and the market size is expected to reach US $5 billion 240 million by 2026. Furniture, wood processing and construction industries, such as the growth of the market, the increase in urban population, the global economic recovery is an important factor in the growth of the global wood adhesive market. The furniture is wood adhesive application market of the largest city, population growth, housing growth driven by the growth of the furniture industry, promote the development of wood adhesives market. According to the type of resin, global wood adhesive is divided into natural resin adhesive and synthetic resin adhesive. Synthetic resin is expected to be the largest market share in the global wood adhesives market due to the excellent performance of synthetic resin wood adhesives, such as fast curing time and consumer use. Synthetic resin wood adhesives are increasingly used in furniture, flooring, plywood, cabinets.

North America, Europe, Asia Pacific, South America and the Middle East and Africa as the world's most important area of wood adhesives, Asia Pacific leading global wood adhesives market. China and India are major markets for wood adhesives in the Asia Pacific region. Increase in construction activity, income levels, and lifestyle changes are leading to growing demand for wood adhesives in the Asia Pacific region.

However, in European countries, environmental regulations as a major constraint affecting the growth of the global wood adhesive market. According to the EU environmental law, there are more than 500 directives, regulations and relevant environmental and green environmental decisions. The main environmental regulations include the environmental protection agency act of 1992, the planning and development act of 2000 and the environmental law of the year of 2003.