Europe Industrial Wood Adhesives Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Resin Type (Natural and Synthetic), and Technology (Solvent-Based, Water-Based, Solventless, and Others)
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.
Key Market Segments
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.
Major Sources and Companies Listed
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.
Reasons to buy report
- To understand the Europe industrial wood adhesives market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe industrial wood adhesives market
- Efficiently plan M&A and partnership deals in Europe industrial wood adhesives market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe industrial wood adhesives market
- Obtain market revenue forecast for market by various segments from 2017-2027 in Europe region.
Europe Industrial Wood Adhesives Market Segmentation
Europe Industrial Wood Adhesives Market -By Resin Type
- Natural
- Synthetic
Europe Industrial Wood Adhesives Market -By Technology
- Solvent-Based
- Water-Based
- Solventless
- Others
Europe Industrial Wood Adhesives Market – By Country
- Germany
- France
- Italy
- Russia
- UK
- Rest of Europe
Europe Industrial Wood Adhesives Market – Company Profiles
- H.B. Fuller Company
- Henkel AG & Company, KGAA
- Ashland
- Arkema Group
- Sika AG
- Dow
- 3M
- Akzo Nobel N.V.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Europe Industrial Wood Adhesives Market – Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-Economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Industrial Wood Adhesives– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. Europe Industrial Wood Adhesives Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Construction and Infrastructural Activities
5.1.2 Advantages Offered by Wood Adhesives
5.2 Market Restraint
5.2.1 Volatility in Petroleum or Crude Oil Prices
5.3 Future Trends
5.3.1 Increasing demand for bio-based wood adhesives
5.4 Impact Analysis
6. Industrial Wood Adhesives Market – Europe Analysis
6.1 Europe Industrial Wood Adhesives Market Revenue Forecast and Analysis
7. Europe Industrial Wood Adhesives Market Analysis – By Resin Type
7.1 Overview
7.2 Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)
7.3 Natural
7.3.1 Overview
7.3.2 Natural: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Synthetic
7.4.1 Overview
7.4.2 Synthetic: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
8. Europe Industrial Wood Adhesives Market Analysis – By Technology
8.1 Overview
8.2 Industrial Wood Adhesives Market Revenue Share, by Technology (2019 and 2027)
8.3 Solvent-Based
8.3.1 Overview
8.3.2 Solvent-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Water-Based
8.4.1 Overview
8.4.2 Water-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Solventless
8.5.1 Overview
8.5.2 Solventless: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Industrial Wood Adhesives Market – Country Analysis
9.1 Europe: Industrial Wood Adhesives Market
9.1.1 Overview
9.1.2 Europe: Industrial Wood Adhesives Market, by Country, 2019 & 2027 (%)
9.1.3 UK: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.3.1 UK: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.3.2 UK: Industrial Wood Adhesives Market, by Resin Type, 2018–2027 (US$ Million)
9.1.3.3 UK: Industrial Wood Adhesives Market, by Technology, 2018–2027 (US$ Million)
9.1.4 Germany: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.4.1 Germany: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.4.2 Germany: Industrial Wood Adhesives Market, by Resin Type, 2017–2027 (US$ Million)
9.1.4.3 Germany: Industrial Wood Adhesives Market, by Technology, 2017–2027 (US$ Million)
9.1.5 France: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.5.1 France: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.5.2 France: Industrial Wood Adhesives Market, by Resin Type, 2017–2027 (US$ Million)
9.1.5.3 France: Industrial Wood Adhesives Market, by Technology, 2018–2027 (US$ Million)
9.1.6 Italy: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.6.1 Italy: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.6.2 Italy: Industrial Wood Adhesives Market, by Resin Type, 2018–2027 (US$ Million)
9.1.6.3 Italy: Industrial Wood Adhesives Market, by Technology, 2018–2027 (US$ Million)
9.1.7 Russia: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.7.1 Russia: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.7.2 Russia: Industrial Wood Adhesives Market, by Resin Type, 2018–2027 (US$ Million)
9.1.7.3 Russia: Industrial Wood Adhesives Market, by Technology, 2018–2027 (US$ Million)
9.1.8 Rest of Europe: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.8.1 Rest of Europe: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
9.1.8.2 Rest of Europe: Industrial Wood Adhesives Market, by Resin Type, 2018–2027 (US$ Million)
9.1.8.3 Rest of Europe: Industrial Wood Adhesives Market, by Technology, 2018–2027 (US$ Million)
10. Impact of COVID-19 Pandemic on Europe Industrial Wood Adhesives Market
10.1 Overview
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product News
11.3 Merger and Acquisition
12. Company Profiles
12.1 H.B.Fuller Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Service
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Henkel AG & Company, KGAA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Ashland
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Arkema Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 Sika AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Dow
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 3M
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Akzo Nobel N.V.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Industrial Adhesives Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. UK: Industrial Wood Adhesives Market, by Resin Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. UK: Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany: Industrial Wood Adhesives Market, by Resin Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany: Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027 (US$ Million)
Table 6. France: Industrial Wood Adhesives Market, by Resin Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. France: Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy: Industrial Wood Adhesives Market, by Resin Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia: Industrial Wood Adhesives Market, by Resin Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia: Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe: Industrial Wood Adhesives Market, by Resin Type– Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe: Industrial Wood Adhesives Market, by Technology– Revenue and Forecast to 2027 (US$ Million)
Table 14. Glossary of Terms, Industrial Wood Adhesives Market
LIST OF FIGURES
Figure 1. Industrial Wood Adhesives Market Segmentation
Figure 2. Europe Industrial Wood Adhesives Market, By Country
Figure 3. Europe Industrial Wood Adhesives Market Overview
Figure 4. Solvent-Based Segment Held Major Share by Technology Segment in Industrial Wood Adhesives Market
Figure 5. Germany to Witness Fastest Growth in the Market During the Forecast Period
Figure 6. Europe Industrial Wood Adhesives Market, Industry Landscape
Figure 7. Europe - PEST Analysis
Figure 8. Impact Analysis of Drivers and Restraints
Figure 9. Europe Industrial Wood Adhesives Market – Revenue Forecast and Analysis – 2017- 2027
Figure 10. Industrial Wood Adhesives Market Revenue Share, by Resin Type (2019 and 2027)
Figure 11. Natural: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Synthetic: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Industrial Wood Adhesives Market Share, by Technology (2019 and 2027)
Figure 14. Solvent-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Water-Based: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Solventless: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Others: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Europe: Industrial Adhesives Market, by Key Country – Revenue (2019) (USD Million)
Figure 19. Europe: Industrial Wood Adhesives Market, by Country, 2019 & 2027 (%)
Figure 20. UK: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Germany: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. France: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Italy: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Russia: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Rest of Europe: Industrial Wood Adhesives Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in European Country Markets
- H.B. Fuller Company
- Henkel AG & Company, KGAA
- Ashland
- Arkema Group
- Sika AG
- Dow
- 3M
- Akzo Nobel N.V.