Global Timber Laminating Adhesives Market Size study, by Resin Type, by Application, by End-use Industry and Regional Forecasts 2022-2032

Description

Global Timber Laminating Adhesives Market is valued at approximately USD 977.54 million in 2023 and is anticipated to grow with a healthy growth rate of more than 9.71% over the forecast period 2024-2032. Timber laminating adhesives are crucial for bonding layers of timber to form composite materials widely used in structural applications and decorative finishes. The market scope includes various adhesives like polyurethane, epoxy, and aliphatic resins, catering to diverse requirements for strength, durability, and environmental resistance. Timber laminating adhesives find applications in construction, furniture manufacturing, flooring, and joinery. The construction industry uses these adhesives in engineered wood products such as glued laminated timber and cross-laminated timber, which offer enhanced strength and stability compared to traditional solid timber. The furniture sector utilizes these adhesives to create durable and aesthetic products. Flooring solutions employ timber laminating adhesives for their ability to withstand constant wear and tear, maintaining laminate floors' integrity. The market is expanding due to increasing renovation and remodeling activities in the residential sector and growing construction activities and infrastructural developments. Green building standards and the superior performance of laminated timber products in strength and durability play a significant role in market growth. Technological advancements in adhesive formulations, enhancing environmental profiles and bonding efficiency, further bolster market growth. However, volatility in raw material prices and health and environmental concerns associated with these adhesives pose challenges. Competition from metal and plastic alternatives in specific applications adds to market complexities. Nonetheless, the rising demand for eco-friendly and green furniture, expanding benefits of bio-based and sustainable timber laminating adhesives, and innovations focusing on reducing environmental impact and improving recyclability and biodegradability present substantial opportunities for the market.

The market is segmented by resin type, application, and end-use industry. Emulsion Polymer Isocyanate (EPI) adhesives are known for their waterproof properties, making them suitable for indoor and outdoor applications. Melamine (Urea) Formaldehyde Adhesives (MF & MUF) are favored for their heat and chemical resistance, ideal for high-demand applications like kitchen countertops and commercial furniture. Phenol Resorcinol Formaldehyde (PRF) adhesives excel in durability and resistance to moisture, temperature, and chemicals, serving marine, aircraft, and structural construction applications. Polyurethane adhesives offer versatility, flexibility, impact resistance, and bond strength for various interior and exterior applications.

The key regions considered for the global Timber Laminating Adhesives Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Timber Laminating Adhesives Market in terms of revenue driven by the United States and Canada, shows robust demand for advanced adhesive technologies with a focus on sustainability. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period owing to the strong growth with significant investments in R&D for advanced adhesive solutions, as well as pushing for bio-based and eco-friendly adhesives.

Major market players included in this report are:

3M Company
Henkel AG & Co. KGaA
Hexion Inc.
Arkema S.A.
Akzo Nobel N.V.
Sika AG
The Dow Chemical Company
Franklin International
Pidilite Industries Ltd.
Jowat SE
Mapei S.p.A.
DAP Products, Inc.
Stauf USA, LLC
Apollo Chemicals Ltd.
Astral Adhesives

The detailed segments and sub-segment of the market are explained below:

By Resin Type:

Emulsion Polymer Isocyanate (EPI) Adhesives
Melamine (Urea) Formaldehyde Adhesives (MF & MUF)
Phenol Resorcinol Formaldehyde (PRF) Adhesives
Polyurethane

By Application:

Floor Beams
Roof Beams
Trusses & Supporting Columns
Window & Door Headers

By End-use Industry:

Non-residential
Residential

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows: Historical year - 2022 Base year - 2023 Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Timber Laminating Adhesives Market Executive Summary

1.1. Global Timber Laminating Adhesives Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Resin Type
- 1.3.2. By Application
- 1.3.3. By End-use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Timber Laminating Adhesives Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Timber Laminating Adhesives Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Renovation and Remodeling Activities
- 3.1.2. Growing Construction Activities and Infrastructural Developments
- 3.1.3. Push towards Green Building Standards
3.2. Market Challenges
- 3.2.1. Volatility in Raw Material Prices
- 3.2.2. Health and Environmental Concerns
- 3.2.3. Competition from Metal and Plastic Alternatives
3.3. Market Opportunities
- 3.3.1. Rising Demand for Eco-friendly and Green Furniture
- 3.3.2. Innovations in Bio-based and Sustainable Adhesives
- 3.3.3. Advancements in Adhesive Formulations

Chapter 4. Global Timber Laminating Adhesives Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Timber Laminating Adhesives Market Size & Forecasts by Resin Type 2022-2032

5.1. Segment Dashboard
5.2. Global Timber Laminating Adhesives Market: Resin Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Emulsion Polymer Isocyanate (EPI) Adhesives
- 5.2.2. Melamine (Urea) Formaldehyde Adhesives (MF & MUF)
- 5.2.3. Phenol Resorcinol Formaldehyde (PRF) Adhesives
- 5.2.4. Polyurethane

Chapter 6. Global Timber Laminating Adhesives Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Timber Laminating Adhesives Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Floor Beams
- 6.2.2. Roof Beams
- 6.2.3. Trusses & Supporting Columns
- 6.2.4. Window & Door Headers

Chapter 7. Global Timber Laminating Adhesives Market Size & Forecasts by End-use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Timber Laminating Adhesives Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Non-residential
- 7.2.2. Residential

Chapter 8. Global Timber Laminating Adhesives Market Size & Forecasts by Region 2022-2032

8.1. North America Timber Laminating Adhesives Market
- 8.1.1. U.S. Timber Laminating Adhesives Market
  - 8.1.1.1. Resin Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-use Industry breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Timber Laminating Adhesives Market
  - 8.1.2.1. Resin Type breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.2.3. End-use Industry breakdown size & forecasts, 2022-2032
8.2. Europe Timber Laminating Adhesives Market
- 8.2.1. U.K. Timber Laminating Adhesives Market
- 8.2.2. Germany Timber Laminating Adhesives Market
- 8.2.3. France Timber Laminating Adhesives Market
- 8.2.4. Spain Timber Laminating Adhesives Market
- 8.2.5. Italy Timber Laminating Adhesives Market
- 8.2.6. Rest of Europe Timber Laminating Adhesives Market
8.3. Asia-Pacific Timber Laminating Adhesives Market
- 8.3.1. China Timber Laminating Adhesives Market
- 8.3.2. India Timber Laminating Adhesives Market
- 8.3.3. Japan Timber Laminating Adhesives Market
- 8.3.4. Australia Timber Laminating Adhesives Market
- 8.3.5. South Korea Timber Laminating Adhesives Market
- 8.3.6. Rest of Asia Pacific Timber Laminating Adhesives Market
8.4. Latin America Timber Laminating Adhesives Market
- 8.4.1. Brazil Timber Laminating Adhesives Market
- 8.4.2. Mexico Timber Laminating Adhesives Market
- 8.4.3. Rest of Latin America Timber Laminating Adhesives Market
8.5. Middle East & Africa Timber Laminating Adhesives Market
- 8.5.1. Saudi Arabia Timber Laminating Adhesives Market
- 8.5.2. South Africa Timber Laminating Adhesives Market
- 8.5.3. Rest of Middle East & Africa Timber Laminating Adhesives Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. 3M Company
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Henkel AG & Co. KGaA
- 9.3.3. Hexion Inc.
- 9.3.4. Akzo Nobel N.V.
- 9.3.5. Sika AG
- 9.3.6. The Dow Chemical Company
- 9.3.7. Franklin International
- 9.3.8. Pidilite Industries Ltd.
- 9.3.9. Jowat SE
- 9.3.10. Mapei S.p.A.
- 9.3.11. Arkema S.A.
- 9.3.12. DAP Products, Inc.
- 9.3.13. Stauf USA, LLC
- 9.3.14. Apollo Chemicals Ltd.
- 9.3.15. Astral Adhesives

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes