Global Wood Adhesives and Binders Market Size By Type, By Application, By Geographic Scope And Forecast
Wood Adhesives And Binders Market Size And Forecast
Wood Adhesives and Binders Market was valued at USD 15.72 Billion in 2019 and is projected to reach USD 23.13 Billion by 2027, growing at a CAGR of 4.96 % from 2020 to 2027.
Global Wood Adhesives and Binders Market Outlook
The increasing demand from the shipping and transportation industry, growing demand from the building and construction sector is expected to fuel the growth of the global wood adhesives and binders market. The new trends in home furnishing coupled with a rise in demand for modern furniture and wooden flooring are likely to boost the market for the forecast period.
Furthermore, increasing population and rapid urbanization accompanied with the government efforts to boost residential construction are anticipated to propel the market growth. On the flip side, volatile crude oil prices, and environmental regulations against chemicals emitting volatile organic compounds (VOC) are the potential restraints hampering the overall market. However, nanocrystalline cellulose (NCC) as an additive in wood binders, major trends such as digitalization, and integration of home electronics into work ; home furniture offers the favorable growth opportunities.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Wood Adhesives and Binders Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
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Global Wood Adhesives and Binders Market Competitive Landscape
The Global Wood Adhesives and Binders Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Ashland Inc., 3M Company, BASF SE, Henkel AG ; Co. KGaA, Avery Dennison Corporation, H.B Fuller Company, Huntsman Corporation, Adhesives Research Inc., Bostik SA, Dow Chemical Company, and Others.
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