Global Wood Adhesives and Binders Market is Expected to Reach US$ 21.12 Billion by 2021, with a CAGR of 4.54% Over The Forecast Period 2019-2027

Wood Adhesives and Binders

The Wood Adhesives and Binders Market is expected to grow at a rapid pace in the coming years, owing to the wide range of applications for adhesives that wood adhesives and binders provide. Wood adhesives and bindings are expected to grow rapidly as a result of the growing trend of using wooden furniture to add class to one's standard of living. Binders draw or hold the materials together, forming a cohesive whole, where wood adhesives bond or adhere to wood surfaces. Petrochemical feedstock is commonly used as a raw material in the wood adhesives and binder market. Phenols, vinyl acetate, isocyanates, urea, acrylates, polyolefins, styrene butadiene, and polyurethanes are among the petroleum-based feedstocks used to make the product. These petrochemical and downstream products are highly reliant on crude oil supply and prices.

During the forecast period, rising Demand For Wood Adhesives and Binders Market for the production of windows, doors, wooden cabinets, floorings, and other furniture is expected to propel market growth. Increasing spending on high-end furniture and other household items is expected to boost demand for wood adhesives and binders, boosting market growth in the near future. Furthermore, due to its aesthetic appearance and durability, wooden flooring has become popular in the construction industry. All of these factors are expected to boost demand for wood and binders adhesive, resulting in market expansion.

Binders are widely used in a variety of industrial applications, including doors, flooring, cabinets, windows, and furniture. The excellent and long-lasting bond provided by both binders and wood adhesives, as well as temperature resistance and chemical durability, may be among the key factors driving the Wood Adhesives and Binders Market over the forecast period. There are both synthetic and natural wood adhesives available. Manufacturers are focusing more on developing new product varieties with low volatile organic compound content (VOCs). VOC production has risen dramatically in recent years in order to promote environmental protection through the use of less harmful chemicals. The regulatory authorities have also enacted strict regulations prohibiting the use of hazardous chemicals. As a result, the overall demand for wood adhesives and binders in the global market has increased.