Timber Laminating Adhesives Market - By Resin Type (Melamine Formaldehyde, Phenol Resorcinol Formaldehyde Adhesives, Polyurethane, Emulsion Polymer Isocyanate Adhesives), By Application, By End-Use Industry & Forecast, 2024 - 2032

Timber laminating adhesives market size is estimated to witness over 6.8% CAGR between 2024 and 2032, owing to the rising demand for engineered wood products in the construction sector. For instance, in May 2024, Timberlab Holdings, Inc. acquired the assets of American Laminators, a glulam manufacturer based in Oregon. The two companies will continue operating their facilities in Drain and Swisshome.

Engineered wood, including laminated veneer wood (LVL), glulam beams and cross-laminated wood (CLT) are increasingly in demand for their strength, durability, and environmental benefits. Timber laminating adhesives have grown essential in bonding the wood layers together for ensuring system integrity and functionality. The shift towards more sustainable and environmentally friendly building materials has led to the increasing use of treated timber, as compared to traditional concrete and steel.

Of late, the advancements in adhesive technology are significantly influencing the market growth. Innovations have led to the development of high-performance adhesives that combine excellent strength, moisture resistance and thermal stability, essential for the needs of modern construction. These technological advancements make it possible to laminate wood coatings in a wide range of applications including high-rise buildings, bridges as well as other infrastructure projects.

The timber laminating adhesives industry is segmented into resin type, application, end-user and industry

Based on resin type, the market size from the polyurethane segment is poised to witness notable CAGR from 2024 to 2032 due to its bonding strength, flexibility, and durability. Polyurethane adhesives are particularly valued for their outstanding resistance to moisture and temperature changes, making them ideal for engineered wood products, such as laminated veneer lumber (LVL) and cross-laminated lumber (CLT). The development of low-VOC and eco-friendly polyurethane products along with the growing demand for sustainable building materials are further stimulating the segment growth.

Timber laminating adhesives industry from the roof beams application segment will generate notable revenue during 2024-2032, owing to the increasing adoption of engineered wood products like glulam and cross-laminated timber (CLT) in modern construction. Roof beams are important components of a building's structure and require sheathing to provide exceptional tensile strength, durability, and resistance to environmental stresses. The growing preference for artificial wood technology is gaining also acceptance in roof beams.

Asia Pacific timber laminating adhesives market is slated to witness decent growth rate through 2032, attributed to rapid urbanization and infrastructure development across the region. This trend is further supported by government policies that encourage green building standards and environmental sustainability as they encourage the use of eco-friendly measures. The expanding middle class population and the increasing disposable income will also boost the residential construction sector in creating the need for portable durable textile products, adding to the regional product demand.