Ocean View, Delaware, Jan. 17, 2017 (GLOBE NEWSWIRE) --
Wood Adhesives and Binders Market was majorly dominated by five industry players accounting for 40% of the global industry share in 2015, including 3M, Ashland, Huntsman, BASF, Dow and Henkel; according to a new research report by Global Market Insights, Inc.
This market is primarily driven by positive construction spending trends, finding uses across flooring, cabinets, doors & windows, structural panels and plywood applications. In 2013, the global construction business was approximately USD 7 trillion, while being poised to surpass USD 13 trillion over the projected timeframe owing to positively influence the industry growth. Additionally, rapid industrialization and urbanization in BRIC countries accompanied with new commercial and residential construction ventures will fuel the industry expansion.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1098
Isocyanates, urea, phenols, acrylates, vinyl acetate, styrene butadiene, polyolefins and polyurethanes are the basic raw materials used, fluctuating crude oil price trends may subsequently hamper industry growth. In January 2009, crude oil prices in Dubai were close to USD 35/barrel and was roughly around USD 90/barrel in July 2014.
Wood adhesives and binders market size is negatively influenced by stringent environment protocols towards VOC emissions, as they possess severe health and environmental threats. Regulating bodies including the EPA and REACH formulates and directs norms, followed by penalties and losses in case of any breach, owing to restrict profit margins for the industry participants. However, development of bio-based wood adhesives and binders market has formed new growth scenarios for the industry players. For instance, polyols are biologically derived from soybeans and are being effectively used across polyurethane adhesives formulation. Rising bio-based product acceptance on account of its parallel characteristics laterally with cost and environmental benefits will substantially drive the global market over the forecast timeframe.
Browse key industry insights spread across 128 pages with 153 market data tables & 12 figures & charts from the report, “Wood Adhesives And Binders Market Size By Product (Urea-Formaldede [UF], Melamine-Urea-Formaldehyde [MUF], Phenol-Formaldehyde [PF], Isocyanates [MDI, TDI, HDI], Soy-based), By Application (Cabinets, Flooring & Plywood, Furniture & Subcomponents, Windows & Doors), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/wood-adhesives-and-binders-market
Key insights from the report include:
- Global wood adhesives and binders market size may reach USD 21 billion by 2024, with projected gains at 4.5% CAGR.
- In 2015, urea-formaldehyde industry share was roughly over USD 3 billion. The product experienced high demand with superior bond strength and economic benefits. It is extensively used in structural and non-structural applications including plywood & flooring, doors & windows, cabinets and furniture. Such widespread product applications will positively influence the growth.
- Phenol-formaldehyde will witness gains at over 4% CAGR by 2024. It offers value added benefits such as superior performance even at damp conditions, chemical resistance and low surface energy.
- Wood adhesives and binders market share for flooring & plywood will experience growth over 5% CAGR by 2024. Robust growth in the flooring business will subsequently drive industry demand over the forecast timeframe.
- In 2015, the global wood adhesives and binders market for furniture & subcomponents applications was valued at over USD 4 billion. Rising consumer spending power has substantially increased the furniture demand. This trend will consequently boost the overall business growth by 2024.
- North America, mainly led by the U.S. is likely to grow at over 4.5%. Increasing renovation practices in the U.S. has significantly propelled wood demand owing to drive regional industry over the projected timeframe. In 2015, Asia Pacific, majorly through China, generated revenue more than USD 3.5 billion. Elevating construction spending particularly in India, China and Japan is analyzed to be the key factor propelling the wood adhesives and binders market size by 2024.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1098
Wood Adhesives And Binders market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Global Wood Adhesives And Binders Product Analysis
- Urea-formaldede (UF)
- Melamine-urea-formaldehyde (MUF)
- Phenol-formaldehyde (PF)
- Isocyanates (MDI, TDI, HDI)
- Soy-based
- Others
Global Wood Adhesives And Binders Application Analysis
- Cabinets
- Flooring & plywood
- Furniture & subcomponents
- Windows & doors
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- GCC
Browse Related Reports:
- Adhesive Films Market Size, Industry Analysis Report, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Price Trend, Application Development, Competitive Landscape & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/adhesive-films-market
- Lignosulfonates Market Size By Product (Calcium, Sodium, Magnesium), By Application (Oil Well Additives, Concrete Admixture, Animal Feed Binder, Dust Control), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2013 – 2024
https://www.gminsights.com/industry-analysis/lignosulfonates-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter