Engineered Wood Adhesives Market Overview:
Global Engineered Wood Adhesives Market size and share is currently valued at USD 8.49 billion in 2024 and is anticipated to generate an estimated revenue of USD 11.28 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 3.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Construction Industry Growth: The expansion of the construction sector boosts the demand for engineered wood products and, consequently, adhesives.
- Sustainability Initiatives: The use of adhesives that enable the production of sustainable and low-emission wood products aligns with environmental standards.
Download Free Sample PDF Copy of the Report:
Market Research Scope:
- Adhesive Types: Urea-formaldehyde, phenolic resins, and alternative bio-based adhesives.
- Industry Demand: Construction, furniture, and interior design trends.
- Performance Factors: Durability, moisture resistance, and ease of application.
- Regulatory Considerations: Formaldehyde emission standards and sustainable formulations.
- Competitive Analysis: Key suppliers, market penetration, and innovations in adhesive technology.
Key Companies in Engineered Wood Adhesives Market:
- AICA Kogyo Co., Ltd
- AkzoNobel N.V.
- Arkema SA
- Astral Limited
- BASF SE
- Dow
- H.B. Fuller Company
- Henkel AG & Co., KGaA
- Hexion
- Huntsman Corporation
Engineered Wood Adhesives Market Segmentation:
Engineered wood adhesives are critical in manufacturing products like plywood, oriented strand board (OSB), and laminated veneer lumber (LVL). These adhesives, which include urea-formaldehyde, phenol-formaldehyde, and polyvinyl acetate, provide robust bonding, enhancing the structural integrity of wood-based composites. The market is driven by the rise in construction and furniture industries, coupled with increasing demand for sustainable building materials. Manufacturers are focusing on low-emission, environmentally friendly adhesive formulations to meet regulatory standards and consumer preferences.
Engineered Wood Adhesives Market, Resin Outlook (Revenue – USD Billion, 2019-2032)
- Melamine Formaldehyde
- Phenol Resorcinol Formaldehyde
- Polyurethane
- Others
Engineered Wood Adhesives Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Structural
- Non-Structural
Engineered Wood Adhesives Market, Product Outlook (Revenue – USD Billion, 2019-2032)
- Cross-laminated timber (CLT)
- Glulam
- Plywood
- Oriented Strand Board (OSB)
- Medium Density Fiberboard (MDF)
- Laminated Veneer Lumber (LVL)
- Others
Engineered Wood Adhesives Market, Technology Outlook (Revenue – USD Billion, 2019-2032)
- Solvent-Based
- Water-Based
- Solvent-Less
- Reactive
Engineered Wood Adhesives Industry Developments:
- February 2024: Henkel partnered with Covestro to develop engineered wood adhesives aimed at enhancing the sustainability of wooden construction. Covestro supplies bio-based polyurethane raw materials to Henkel for this innovative adhesive solution.
- February 2024: TreadBond launched a 99% RH adhesive solution for engineered wood installations, streamlining moisture testing processes and ensuring a strong bond without causing surface damage.
- November 2023: Henkel introduced Loctite PUR bio-based adhesives, which reduce CO2 emissions by over 60%, supporting sustainable advancements in load-bearing timber construction.
The Engineered Wood Adhesives market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.