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Growth in this market is mainly attributed to the expansion of the construction industry, increasing urban population, recovery of the global economy, and growth in the furniture industry. However, the inclination of the furniture industry towards the adoption of fiberboard and metal for manufacturing home furniture is acting as a restraint to the growth of the global wood adhesives market.
Browse 86 tables and 54 figures, 10 Company profiles spread across 145 pages available at http://www.reportsnreports.com/reports/786000-wood-adhesives-market-by-resin-type-natural-synthetic-technology-solvent-based-water-based-solventless-application-flooring-decks-plywood-furniture-cabinet-particle-board-windows-doors-global-st-to-2026.html .
The furniture application segment is projected to grow at the highest CAGR from 2016 to 2026 both, in terms of value and volume. The furniture industry comprises exterior and interior furniture such as tables, beds, chairs, cupboards, and other products. In addition, the construction of new houses and renovation & remodeling activities has also increased over the past few years. This has further increased the sales of new furniture as well as the repair & maintenance of old furniture, thereby propelling the growth of the global wood adhesives market.
In the process of determining and verifying, the global wood adhesives market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (46%), Tier 2 (27%) and Tier 3 (27%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C level (36%), Director Level (18%) and others (46%) from various key organizations operating in the global wood adhesives market. The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (36%), Asia-Pacific (18%), South America & Middle East and Africa (9%).
Key companies profiled in this market research report include Henkel AG & Co. KGaA (Germany), 3M Company (U.S.), Bostik SA (France), H.B. Fuller (U.S.), Sika AG (Switzerland), Ashland Inc. (U.S.), and Akzo Nobel N.V. (Netherlands), among others. Order a copy of Wood Adhesives Market by Resin Type (Natural & Synthetic), Technology (Solvent-Based, Water-Based, Solventless), Application (Flooring & Decks, Plywood, Furniture, Cabinet, Particle Board, Windows & Doors) - Global Forecast to 2026 research report at http://www.reportsnreports.com/purchase.aspx?name=786000 .
The Asia-Pacific region led the global wood adhesives market, in terms of volume, in 2015. China and Japan are the two major markets for wood adhesives in this region. Rise in the number of residential and commercial buildings and rapid urbanization in China and India are projected to drive the furniture and woodworking markets in this region, thereby resulting in a high demand for wood adhesives.
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