Europe Industrial Wood Adhesives Market
No. of Pages: 104 | Report Code: TIPRE00023052 | Category: Chemicals and Materials
No. of Pages: 104 | Report Code: TIPRE00023052 | Category: Chemicals and Materials
The industrial wood adhesives market in Europe is expected to grow from US$ 1,371.26 million in 2020 to US$ 2,059.52 million by 2027; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027. There has been a tremendous development in the research and innovation of bio-based adhesives in the engineered wood product industry. Synthetic wood adhesives are majorly derived from depleting petrochemical resources and caused increasing environmental concerns. Bio-based wood adhesives have gained immense momentum in recent years as the customers became aware of the consequences related to the use of petrochemical-derived products. Various biomass resources such as lignin, plant proteins, starch, tannin, bark, and vegetable oils are used as renewable feedstock to synthesize bio-based adhesives. Starch is considered a promising feedstock for the development of bio-adhesives attributed to its accessibility, good adhesion, low cost, easy process, and good film formation properties. Plant protein is another natural resource used to manufacture environmentally friendly wood adhesives. However, it is required to modify the structure of proteins to enhance the water resistance and bonding strength of protein-based adhesives. The National Center for Biotechnology Information estimates that increasing amounts of bio-based adhesives will be employed in the construction of wood composites to decrease the negative environmental impact of current wood adhesives and also to satisfy the societal need of developing sustainable materials and economy. Even though, due to the relatively poor water resistance and bonding strength of the bio-based adhesives, the complete substitution of petroleum-based wood adhesives with bio-based adhesives will be unlikely in the near future. However, technological advancements and R&D aimed at enhancing properties of naturally sourced wood adhesives are intended to create ample growth opportunities for bio-based wood adhesives in the coming years.
Based on resin type, the synthetic segment accounted for the largest share of the Europe industrial wood adhesives market in 2019. Based on technology, the solvent-based segment held a larger market share of the Europe industrial wood adhesives market in 2019. The solvent-based technology is considered to be the root base for any trend line in the development of adhesives. This technology is the oldest in the widest range of chemistries. A solvent-based adhesive is a glue or any adhesion product that is present in the form of a liquid. The solvent-based industrial wood adhesives have been valued through the years as they provide good adhesive properties such as durability along with fast drying conditions. The solvent-based adhesives are produced by blending the adhesive material with a suitable solvent for the creation of adhesive polymer solution. Industrial woods have high amount of resistance which makes it easier to stick them. A solvent-based adhesive is highly suitable to be used for wood due to its strong adhesive qualities. The industrial wood adhesives produced by the employment of this technology, contain an adhesive inside a spreadable or more malleable substance which makes it easier to apply. The solvent-based adhesive covers places where rigid glues would not be able to cover and be effective.
A few major primary and secondary sources referred to for preparing this report on the Europe industrial wood adhesives market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include H.B. Fuller Company; Henkel AG & Company KGaA; Ashland; Arkema Group; Sika AG; Dow Inc.; 3M and Akzo Nobel N.V.
The Europe Industrial Wood Adhesives Market is valued at US$ 1,371.26 Million in 2020, it is projected to reach US$ 2,059.52 Million by 2027.
As per our report Europe Industrial Wood Adhesives Market, the market size is valued at US$ 1,371.26 Million in 2020, projecting it to reach US$ 2,059.52 Million by 2027. This translates to a CAGR of approximately 6.0% during the forecast period.
The Europe Industrial Wood Adhesives Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Industrial Wood Adhesives Market report:
The Europe Industrial Wood Adhesives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Industrial Wood Adhesives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Industrial Wood Adhesives Market value chain can benefit from the information contained in a comprehensive market report.
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