North America and Latin America Industrial Wood Adhesives Market
No. of Pages: 125 | Report Code: TIPRE00018853 | Category: Chemicals and Materials
No. of Pages: 125 | Report Code: TIPRE00018853 | Category: Chemicals and Materials
The North American region constitutes developed economies such as the U.S., Canada, and Mexico as a developing nation. The companies are continuously improving the overall business processes to meet the customers' demand for superior quality products and services in the best possible way. Several domestic and multinational companies already have a strong foothold in North American countries like the U.S. and Canada. Wood adhesives play a vital role in modern industrial wood construction. Latin America comprises developed and developing countries such as Brazil, Argentina, Chile, and others. The continuous developments have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. The increase in population and continuous advancement in the end-use industries such as construction and others have positively impacted Brazil and Argentina's industrial wood adhesive market that has advanced to a large extent.
The Industrial wood adhesives market in North America and Latin America is expected to grow from US$ 1270.73 million in 2019 to US$ 1792.78 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027. Wood adhesives are polymeric materials capable of interacting chemically or physically, or both, with the surface of the wood so that stresses are transferred between bonded members. The wood adhesive is used to manufacture building materials such as plywood and other laminated veneer products, oriented strandboard, particleboard, laminated beams and timbers, fiberboard, edge- and end jointed products, architectural doors, windows and frames, furniture, floor coverings, ceiling, and wall tiles, and others. The rapidly expanding construction industry is increasing the application of wood, thereby creating scope for industrial wood adhesives.
COVID 19 has impacted the major countries of North America and Latin America. Most of the countries in the region are under lockdown, which is impacting the Industrial Wood Adhesive market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American countries and Brazil has the highest number of cases in the Latin America region. This is likely to impact the adhesive industry in the region, mainly due disrupted supply and distribution chains.
In terms of resin type, the synthetic segment accounted for the largest share of the North America and Latin America Industrial wood adhesives market. In 2019 In terms of technology, solvent - based segment held the largest market share in 2019.
A few major primary and secondary sources referred to for preparing this report on the North America and Latin America 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 are H.B.Fuller Company, Henkel AG & Company, KGAA, Ashland, Arkema Group, Sika AG, Pidilite Industries Ltd, Jubilant Industries Ltd, Dow, Inc., 3M, and Akzo Nobel N.V.
North America and Latin America Industrial wood adhesives market, by Resin Type
North America and Latin America Industrial wood adhesives market, by Technology
North America and Latin America Industrial wood adhesives Market – by Country
Strategic insights for the North America and Latin America Industrial Wood Adhesives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1270.73 Million |
| Market Size by 2027 | US$ 1792.78 Million |
| Global CAGR (2020 - 2027) | 4.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America and Latin America Industrial Wood Adhesives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America and Latin America Industrial Wood Adhesives Market is valued at US$ 1270.73 Million in 2019, it is projected to reach US$ 1792.78 Million by 2027.
As per our report North America and Latin America Industrial Wood Adhesives Market, the market size is valued at US$ 1270.73 Million in 2019, projecting it to reach US$ 1792.78 Million by 2027. This translates to a CAGR of approximately 4.5% during the forecast period.
The North America and Latin America 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 North America and Latin America Industrial Wood Adhesives Market report:
The North America and Latin America Industrial Wood Adhesives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America and Latin America Industrial Wood Adhesives Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America and Latin America Industrial Wood Adhesives Market value chain can benefit from the information contained in a comprehensive market report.
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