Timber Laminating Adhesives Market by Resin type (MF, PRF, PU, EPI), Application (Floor Beams, Roof Beams, Window & Door Headers, Trusses & Supporting Columns), End - use (Residential, Nonresidential) and Region - Global Forecast to 2028
The timber laminating adhesives market is projected to grow from USD 957 million in 2023 to USD 1,331 million by 2028, at a CAGR of 6.8% between 2023 and 2028. The floor beam, by application segment in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for timber laminating adhesives.
Attractive Opportunities in the Timber Laminating Adhesives Market
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Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis
Timber Laminating Adhesives Market Dynamics
Drivers: Increasing Urban Population
Timber laminating adhesives offer a viable solution to the construction challenges posed by this urbanization trend. These adhesives enable the creation of engineered wood products that are not only structurally sound but also lightweight and versatile, making them ideal for the rapid construction needed to accommodate the growing urban population. As cities continue to evolve and accommodate the influx of people, the timber laminating adhesives market is set to thrive. The combination of sustainable construction, lightweight materials, and efficient building practices positions these adhesives as a strategic solution for meeting the demands of the burgeoning urban population while contributing to environmentally conscious construction practices.
Restraints: Volatility in Raw Material Prices
The timber laminating adhesive market can face constraints due to fluctuations in raw material prices. These price volatilities impact the overall stability and growth trajectory of the market. The market's susceptibility to these shifts arises from its dependence on specific materials used in adhesive formulations. When raw material prices experience frequent or substantial changes, it can directly influence the cost structure of timber laminating adhesive production. Manufacturers may struggle to maintain competitive pricing while dealing with unpredictable expenses for core ingredients. This, in turn, can affect profit margins and potentially deter market expansion.
Opportunities: Demand for Low VOC Adhesives
The increasing demand for low VOC (Volatile Organic Compounds) adhesives presents significant opportunities for the timber laminating adhesive market. Low VOC adhesives are formulated to have reduced emissions of harmful volatile organic compounds, which are detrimental to both human health and the environment. This growing preference for environmentally friendly and health-conscious products is reshaping various industries, including construction and manufacturing. Timber laminating adhesives that adhere to stringent VOC regulations not only contribute to improved indoor air quality in residential and commercial spaces but also support green building certifications and standards.
Challenges: Stringent regulatory policies
The principal challenge facing the timber laminating adhesive market is the implementation of stringent regulatory policies. As environmental concerns and health considerations take center stage, governments and regulatory bodies are tightening their grip on the use of various chemicals and materials in industries, including construction. For timber laminating adhesives, these regulations can encompass factors such as VOC emissions, formaldehyde content, and overall chemical composition. While such regulations are vital for safeguarding human health and the environment, they can also pose obstacles for manufacturers and suppliers who need to reformulate their products to meet the new standards.
Timber Laminating Adhesives Market Ecosystem
Prominent companies in this market include well established , financially stable manufactures of timber laminating adhesives. These companies have been operating in the market for several years and posses a diversified product portfolio and strong global sales and marketing networks. Prominent companies in the market include H.B. Fuller (US), Henkel Ag (Germany), Arkema (France), Sika Ag(Switzerland), Dow Inc. (US).
Window & Door Header by application accounted for the second highest share of the global timber laminating adhesives market in terms of value
In terms of value for timber laminating adhesives market overall, Window & Door Header application held the second largest share in 2022. Window and door headers are structural elements that provide support for the weight above openings, distributing loads to the surrounding framing. Timber laminating adhesives play a pivotal role in enhancing the performance, strength, and longevity of these critical components. the timber laminating adhesive market's application in window and door headers is transforming the way these essential structural components are designed and constructed. By enabling the creation of engineered wood products with enhanced strength, sustainability, and ease of installation, timber laminating adhesives contribute to safer, more efficient, and environmentally responsible construction practices in the window and door industry.
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India is the fastest-growing timber laminating adhesive market.
India's rapid urbanization and burgeoning population are driving significant demand for housing and infrastructure development. As cities expand and modernize, the need for efficient and sustainable construction solutions becomes increasingly critical. Timber laminating adhesives offer a promising solution by enabling the creation of engineered wood products that are both structurally sound and environmentally friendly. Furthermore, the emphasis on sustainable construction practices is gaining momentum in India, driven by environmental concerns and regulatory initiatives. Timber, as a renewable resource, complements this focus, and the use of laminating adhesives further supports green building principles.
Key Market Players
H.B. Fuller (US), Henkel Ag (Germany), Arkema (France), Sika Ag(Switzerland), Dow Inc. (US) are the key players in the global timber laminating adhesives market.
Henkel AG & Co. KGaA is a multinational company headquartered in Düsseldorf, Germany. It operates in three main business areas: Adhesive Technologies, Beauty Care, and Laundry & Home Care. The company is renowned for its diverse range of products, spanning adhesives, sealants, coatings, cosmetics, and household products. Henkel has a strong global presence and is known for its commitment to innovation, sustainability, and customer-focused solutions. Adhesive Technologies is one of Henkel's core strengths. It provides a wide array of adhesive solutions for various industries, including automotive, aerospace, electronics, packaging, consumer goods, and construction. Their adhesive products encompass a broad range of technologies catering to different applications.
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Report Metric |
Details |
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Market size available for years |
2019-2028 |
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Base year considered |
2022 |
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Forecast Period |
2023-2028 |
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Forecast Units |
Value (USD million/billion) |
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Segments Covered |
By Resin Type, By Application, By End use, By Region |
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Geographies Covered |
Asia Pacific, Europe, North America, Middle East & Africa, and South America |
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Companies covered |
Henkel Ag (Germany), H.B. Fuller (US), Sika Ag (Switzerland), Dow Inc. (US), and Arkema (France) |
Based on resin type, the timber laminating adhesives market has been segmented as follows:
- Melamine (Urea) Formaldehyde Adhesives- MF & MUF
- Phenol Resorcinol Formaldehyde (PRF) Adhesives
- Polyurethane
- Emulsion Polymer Isocyanate (EPI) Adhesives
- Others
Based on application, the timber laminating adhesives market has been segmented as follows:
- Floor Beam
- Roof Beam
- Window & Door Header
- Trusses & Supporting Column
- Others
Based on end-use industry, the timber laminating adhesives market has been segmented as follows:
- Residential
- Non residential
Based on the region, the timber laminating adhesives market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In August 2021, Sika acquired the leading tiles adhesive and stucco manufacturer in Mexico. The acquisition is expected to strengthen Sika’s hold on the Mexican mortar market.
- In December 2021, Arkema announced the proposed acquisition of Permoseal in South Africa, one of the leaders in adhesive solutions for woodworking, packaging, construction, and DIY. Its well-known brands, including Alcolin, and its extensive range of high-performance adhesive solutions will complement Bostik’s offerings in the region, strengthening their position in South Africa and Sub-Saharan Africa’s dynamic industrial, construction and DIY markets.
Frequently Asked Questions (FAQ):
What are the growth driving factors of timber laminating adhesives market?
Rising use in major emerging economies.
What are the major applications for timber laminating adhesives?
The major applications of timber laminating adhesives are Floor Beam, Roof Beam, Window & Door Header, Trusses & Supporting Column, and Others.
Who are the major manufacturers?
H.B. Fuller (US), Henkel Ag (Germany), Arkema (France), Sika Ag(Switzerland), Dow Inc. (US), are some of the leading players operating in the global carbon nanotube market.
What are the reasons behind timber laminating adhesive gaining market share?
Timber laminating adhesive are gaining market share due to emerging demand from Asia Pacific region.
Which is the largest region in the timber laminating adhesive market?
Europe is the largest region in timber laminating adhesive market. .
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The study involved four major activities in order to estimating the current size of the timber laminating adhesives market. Exhaustive secondary research conducted to gather information on the market. The next step was to conduct primary research to validate these findings, assumptions, and sizing with the industry experts across the value chain. Both top-down and bottom-up approaches were used to estimate the total market size. The market size of segments and subsegments was then estimated using market breakdown and data triangulation.
Secondary Research
Secondary sources include annual reports of companies, press releases, investor presentations, white papers, articles by recognized authors, and databases, such as D&B, Bloomberg, Chemical Weekly, and Factiva; and publications and databases from associations, including Association of the European Adhesive & Sealant Industry (FEICA), British Adhesives and Sealants Association (BASA), Adhesive and Sealant Council (ASC), Society for Adhesion & Adhesives (SAA).
Primary Research
Extensive primary research was carried out after gathering information about timber laminating adhesives market through secondary research. In the primary research process, experts from the supply and demand sides have been interviewed to obtain qualitative and quantitative information and validate the data for this report. Questionnaires, emails, and telephonic interviews were used to collect primary data. Primary sources from the supply side include industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the timber laminating adhesives market. Primary interviews were conducted to elicit information such as market statistics, revenue data collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also assisted in comprehending the various trends associated to type, applications, and region.
The breakup of Primary Research:
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CoMPANY NAME |
DESIGNATION |
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H.B. Fuller |
Sales Manager |
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Sika Ag |
Project Manager |
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Henkel Ag |
Individual Industry Expert |
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Arkema |
Manager |
Market Size Estimation
The following information is part of the research methodology used to estimate the size of the timber laminating adhesives market. The market sizing of the timber laminating adhesives market was undertaken from the demand side. The market size was estimated based on procurements and advancement in the CLT and Glulam industry at a regional level. Such procurements provide information on the demand for timber laminating adhesives.
Global Timber Laminating Adhesives Market Size: Bottom Up Approach
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Global Timber Laminating Adhesives Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size, the market has been split into several segments.To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
An adhesive is a chemical compound utilized to connect materials, whether they are alike or dissimilar, by binding their surfaces together. In contemporary industrial wood construction, timber laminating adhesives assume a vital role. These adhesives contribute to wood conservation and enable the creation of lightweight yet robust structures, helping to mitigate the natural expansion and construction shifts resulting from wood's inherent moisture retention characteristics. Advanced industrial wood adhesives have been customized to cater to the timber industry's requirements and are continuously advancing.
Key Stakeholders
- End User
- Raw Material Suppliers
- Senior Management
- Procurement Department
Report Objectives
- To define, describe, segment, and forecast the size of the timber laminating adhesives market based on resin type, application, end use and region.
- To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, South America, Middle East & Africa, along with major countries in each region
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the timber laminating adhesives market
- To analyze technological advancements and product launches in the market
- To strategically analyze micromarkets, with respect to their growth trends, prospects, and their contribution to the market
- To identify financial positions, key products, and key developments of leading companies in the market
- To provide a detailed competitive landscape of the market, along with market share analysis
- To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
- To strategically profile key players in the market and comprehensively analyze their core competencies
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the timber laminating adhesives market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the timber laminating adhesives Market
Generating Response ...
Growth opportunities and latent adjacency in Timber Laminating Adhesives Market