The Wood Adhesives Global Market Report 2023, provides comprehensive information on the wood adhesives market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.



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In accordance with The Business Research Company's authoritative "Wood Adhesives Global Market Report 2023," a comprehensive analysis of the market reveals a noteworthy trajectory. The market dimensions have seen a substantial increase, progressing from a valuation of $4.81 billion in 2022 to an impressive $5.16 billion in 2023. This phenomenal growth is attributed to a robust compound annual growth rate (CAGR) of 7.3%. However, a formidable factor casting its shadow on the global economic landscape has been the Russia-Ukraine conflict.
The Russia-Ukraine war has left a significant impact on the prospects of global economic recuperation, particularly in the immediate future. The repercussions have reverberated across various sectors, with economic sanctions imposed on numerous nations, a surge in commodity prices, and significant disruptions within the supply chains. These cascading effects have induced inflationary pressures on goods and services, thereby influencing a multitude of markets on a global scale.
Looking ahead, the projections for the global wood adhesives market exhibit a resilient trajectory. Anticipated growth is on the horizon, with market size anticipated to ascend to a remarkable $6.48 billion by 2027. This journey to increased market valuation is foreseen to be driven by a commendable CAGR of 5.9%. As such, the dynamics of the wood adhesives market continue to evolve and hold promise for stakeholders and observers alike.

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Strategic collaborations have emerged as pivotal drivers of transformation in the wood adhesives market, fundamentally reshaping the industry landscape. These alliances endow wood adhesive manufacturers with an expanded and more diversified distribution network, effectively catalyzing market growth. An illustrative instance of such a strategic synergy unfolded in June 2021, when HB Fuller, a prominent player in the field, entered into a groundbreaking distribution agreement with Jubilant Agri and Consumer Products, a subsidiary of Jubilant Industries.
This strategic partnership signifies a significant milestone in the wood adhesives sector, as it equips HB Fuller with the capability to broaden the outreach of its high-performance adhesive solutions across an array of cutting-edge technologies. These technologies encompass water-based adhesives, hot melt moisture cures, and polyurethanes, aligning seamlessly with the industry's pursuit of adhesion excellence and sustainability. Notably, this partnership also unlocks access to a global cadre of experts and local technical support, ensuring that customers' unique adhesive and sustainability requirements are met with precision.
Further fortifying this trend of strategic collaboration, April 2021 bore witness to the acquisition of Choice Adhesives by the Innovative Chemical Products Group (ICP Group). This strategic acquisition, as part of the ICP BSG family, ushers in a new era of support for professional clientele within the roofing adhesive domain. It underscores the industry's commitment to enhancing customer satisfaction by bolstering its adhesive portfolio and service offerings. In essence, strategic collaborations are acting as catalysts, infusing innovation and expanding the horizons of the wood adhesives market, thereby nurturing its growth and development.

The wood adhesives market is segmented:
1) By Product: Urea-formaldehyde, Melamine urea-formaldehyde, Phenol-formaldehyde, Isocyanates, Polyurethane, Polyvinyl acetate, Soy-based, Other Products

2) By Technology: Solvent-Based, Water-Based, and Other Technologies

3) By Resin Type: Natural, Synthetic

4) By Application: Flooring and Decks, Plywood, Furniture, Cabinets, Windows and Doors, and Other Applications

Asia-Pacific was the largest region in the wood adhesives market in 2022.

The table of contents in TBRC’s wood adhesives market report includes:
1. Executive Summary
2. Wood Adhesives Market Characteristics
3. Wood Adhesives Market Trends And Strategies
4. Wood Adhesives Market – Macro Economic Scenario
5. Wood Adhesives Market Size And Growth
...................
26. Africa Wood Adhesives Market
27. Wood Adhesives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Adhesives Market
29. Wood Adhesives Market Future Outlook and Potential Analysis
30. Appendix
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