Timber Laminating Adhesives Market

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

Report Code: CH 8003 Aug, 2023, by marketsandmarkets.com

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

Timber Laminating Adhesives Market

To know about the assumptions considered for the study, Request for Free Sample Report

Timber Laminating Adhesives Market

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).

Timber Laminating Adhesives Market Ecosystem

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.

Timber Laminating Adhesives Market by Region

To know about the assumptions considered for the study, download the pdf brochure

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.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size available for years

2019-2028

Base year considered

2022

Forecast Period

2023-2028

Forecast Units

Value (USD million/billion)

Segments Covered

By Resin Type, By Application, By End use, By Region

Geographies Covered

Asia Pacific, Europe, North America, Middle East & Africa, and South America

Companies covered

Henkel Ag (Germany), H.B. Fuller (US), Sika Ag (Switzerland), Dow Inc. (US), and Arkema (France)
A total of 25 players are covered.

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):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Content
 
1 INTRODUCTION 
    1.1 OBJECTIVES OF STUDY 
    1.2 MARKET DEFINITION 
           1.2.1 MARKET INCLUSIONS
           1.2.2 MARKET EXCLUSIONS
    1.3 MARKET SEGMENTATION 
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY 
    1.5 UNIT CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
                    2.1.1.1 Secondary Data
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
    2.3 MARKET GROWTH FORECAST APPROACH 
    2.4 FACTOR ANALYSIS 
    2.5 DATA TRIANGULATION 
    2.6 ASSUMPTIONS 
    2.7 LIMITATIONS 
    2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
    2.9 IMPACT OF RECESSION 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
 
5 MARKET OVERVIEW 
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           5.3.1 THREAT OF NEW ENTRANTS 
           5.3.2 THREAT OF SUBSTITUTES 
           5.3.3 BARGAINING POWER OF BUYERS 
           5.3.4 BARGAINING POWER OF SUPPLIERS 
           5.3.5 DEGREE OF COMPETITIVE RIVALRY
    5.4 KEY STAKEHOLDERS & BUYING CRITERIA 
    5.5 MACROECONOMIC INDICATORS 
           5.5.1 INTRODUCTION
           5.5.2 GDP TRENDS AND FORECAST
    5.6 KEY INDUSTRY TRENDS 
           5.6.1 TRENDS AND FORECAST IN END-USE INDUSTRY
    5.7 TECHNOLOGY ANALYSIS 
    5.8 CASE STUDY ANALYSIS 
    5.9 PRICING ANALYSIS 
           5.9.1 AVERAGE SELLING PRICE TREND, BY TYPE
           5.9.2 AVERAGE SELLING PRICE TREND, BY APPLICATION 
           5.9.3 AVERAGE SELLING PRICE TREND, BY END USE
           5.9.4 AVERAGE SELLING PRICE TREND, BY REGION
           5.9.5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
    5.10 TRADE DATA STATISTICS 
    5.11 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 
           5.11.1 GLOBAL IMPACT OF SLOWDOWN 
                    5.11.1.1 North America
                    5.11.1.2 Europe
                    5.11.1.3 Asia Pacific
                    5.11.1.4 Rest of the World
    5.12 VALUE CHAIN ANALYSIS 
    5.13 ECOSYSTEM AND INTERCONNECTED MARKET 
    5.14 TRENDS/DISRUPTION IMPACTING BUYERS/CUSTOMERS 
    5.15 TARIFFS & REGULATIONS LANDSCAPE AND STANDARDS 
    5.16 REGULATORY BODIES, GOVT. AGENCIES, AND OTHER ORGANIZATIONS 
    5.17 PATENT ANALYSIS 
           5.17.1 METHODOLOGY
           5.17.2 PUBLICATION TRENDS
           5.17.3 TOP JURIDICTION
           5.17.4 TOP APPLICANTS
    5.18 KEY CONFERENCES & EVENTS IN 2023–2024 
 
6 TIMBER LAMINATING ADHESIVES MARKET, BY RESIN TYPE  
    6.1 INTRODUCTION 
    6.2 MELAMINE (UREA) FORMALDEHYDE  
    6.3 PHENOL RESORCINOL FORMALDEHYDE  
    6.4 POLYURETHANE 
    6.5 EMULSION POLYMER ISOCYANATE 
    6.6 OTHERS 
 
7 TIMBER LAMINATING ADHESIVES MARKET, BY APPLICATION 
    7.1 INTRODUCTION 
    7.2 FLOOR BEAM 
    7.3 ROOF BEAM 
    7.4 WINDOW AND DOOR HEADERS 
    7.5 TRUSSES AND SUPPORTING COLUMNS  
    7.6 OTHERS. 
 
8 TIMBER LAMINATING ADHESIVES MARKET, BY END-USE INDUSTRY 
    8.1 INTRODUCTION 
    8.2 RESIDENTIAL 
    8.3 NON-RESIDENTIAL 
 
9 TIMBER LAMINATING ADHESIVES MARKET, BY REGION  
    9.1 INTRODUCTION 
    9.2 NORTH AMERICA 
           9.2.1 IMPACT OF RECESSION IN NORTH AMERICA
           9.2.2 US
           9.2.3 CANADA
           9.2.4 MEXICO
    9.3 EUROPE 
           9.3.1 IMPACT OF RECESSION IN EUROPE
           9.3.2 GERMANY
           9.3.3 FRANCE
           9.3.4 UK
           9.3.5 RUSSIA
           9.3.6 ITALY
           9.3.7 TURKEY
           9.3.8 REST OF EUROPE
    9.4 ASIA PACIFIC 
           9.4.1 IMPACT OF RECESSION IN ASIA PACIFIC
           9.4.2 CHINA
           9.4.3 INDIA
           9.4.4 JAPAN
           9.4.5 SOUTH KOREA
           9.4.6 THAILAND
           9.4.7 MALAYSIA
           9.4.8 REST OF ASIA PACIFIC
    9.5 SOUTH AMERICA 
           9.5.1 IMPACT OF RECESSION IN SOUTH AMERICA
           9.5.2 BRAZIL
           9.5.3 ARGENTINA
           9.5.4 REST OF THE SOUTH AMERICA
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 IMPACT OF RECESSION IN MIDDLE EAST & AFRICA
           9.6.2 UAE
           9.6.3 SAUDI ARABIA
           9.6.4 AFRICA
           9.6.5 REST OF THE MIDDLE EAST & AFRICA
 
 10 COMPETITIVE LANDSCAPE 
     10.1 OVERVIEW 
             10.1.1 OVERVIEWS OF STRATEGIES ADOPTED BY KEY PLAYERS
     10.2 COMPANY EVALUATION MATRIX, 2022 
             10.2.1 STARS
             10.2.2 EMERGING LEADERS
             10.2.3 PERVASIVE PLAYERS
             10.2.4 PARTICIPANTS
             10.2.5 COMPANY FOOTPRINT
     10.3 START-UP/SME EVALUATION MATRIX, 2022 
             10.3.1 PROGRESSIVE COMPANIES
             10.3.2 RESPONSIVE COMPANIES
             10.3.3 DYNAMIC COMPANIES 
             10.3.4 STARTING BLOCKS
             10.3.5 COMPETITIVE BENCHMARKING
     10.4 STRENGTH OF PRODUCT PORTFOLIO 
     10.5 MARKET RANKING ANALYSIS 
     10.6 MARKET SHARE ANALYSIS 
     10.7 TOP 5 KEY PLAYERS REVENUE ANALYSIS  
     10.8 COMPETITIVE SCENARIO 
             10.8.1 MARKET EVALUATION FRAMEWORK
             10.8.2 MARKET EVALUATION MATRIX
     10.9 STRATEGIC DEVELOPMENTS (COMPETITIVE SITUATIONS AND TRENDS) 
             10.9.1 DEALS
             10.9.2 PRODUCT LAUNCHES  
             10.9.3 OTHER DEVELOPMENTS 
 
11 COMPANY PROFILE (TENTATIVE LIST#) 
     11.1 KEY PLAYER 
             11.1.1 HENKEL AG & CO. KGAA
             11.1.2 SIKA AG
             11.1.3 ARKEMA (BOSTIK)
             11.1.4 3M
             11.1.5 H.B. FULLER CO.
             11.1.6 DOW INC.
             11.1.7 AKZO NOBEL N.V.
             11.1.8 PIDILITE INDUSTRIES
             11.1.9 JOWAT SE
             11.1.10 ILLINOIS TOOL WORKS INC
     11.2 OTHER KEY COMPANIES 
             11.2.1 JUBILANT INDUSTRIES
             11.2.2 BEARDOW ADAMS
             11.2.3 BISON INTERNATIONAL BV
             11.2.4 BRITANNIA ADHESIVES
             11.2.5 CATTIE ADHESIVES
             11.2.6 DAP PRODUCTS INC.
             11.2.7 FOLLMANN GMBH & CO. KG
             11.2.8 FRANKLIN INTERNATIONAL
             11.2.9 IFS INDUSTRIES, INC.
             11.2.10 MAPEI SPA
             11.2.11 STAUF USA
             11.2.12 ASTRAL ADHESIVES
             11.2.13 PARKER HANNIFIN CORP (PARKER LORD)
             11.2.14 COLLANO AG
             11.2.15 BUHNEN ADHESIVE SYSTEMS
 
12 APPENDIX 
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 
     12.3 AVAILABLE CUSTOMIZATION 
     12.4 RELATED REPORT 
     12.5 AUTHOR DETAILS 

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:

Timber Laminating Adhesives Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

CoMPANY NAME

DESIGNATION

H.B. Fuller

Sales Manager

Sika Ag

Project Manager

Henkel Ag

Individual Industry Expert

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

Timber Laminating Adhesives Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Timber Laminating Adhesives Market Size: Top-Down Approach

Timber Laminating Adhesives Market Size, and Share

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
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
CH 8003
Published ON
Aug, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Timber Laminating Adhesives Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback