Timber Laminating Adhesives Market Set to Grow as Demand for High-Performance Wood Products Increases| MarketsandMarkets™
Timber laminating adhesives are industrial-grade synthetic resins used to bond multiple layers of wood and other composite materials together. These adhesives are used in a wide range of applications, ranging from furniture and flooring to building construction and boatbuilding. They offer superior strength and a strong bond that is resistant to moisture, heat, and weathering. These adhesives are available in various forms, such as liquid, paste and hot melt, depending on the specific application.
The global timber laminating adhesives market size is expected to grow from USD 667 million in 2021 to USD 1,047 million by 2026, at a CAGR of 8.1%. The growth of the timber laminating adhesives market is driven by the increasing demand from the furniture and flooring industries, due to the increasing demand for advanced and customized products.
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The rising demand for high-performance & eco-friendly adhesive solutions is expected to drive the timber laminating adhesives market during the forecast period. Increasing use of adhesives to produce lightweight furniture and flooring is likely to fuel the market growth. Additionally, the development of low-formaldehyde adhesives and the growing use of adhesive solutions in the production of interior door components will further drive the market.
Rising non-residential use as a driver
The use of timber laminating adhesive is increasing in the non-residential sector for a variety of reasons. This is due to the increased strength and durability offered by these adhesives, as well as their ability to provide a variety of aesthetic options. This type of adhesive is often used in the construction of furniture, flooring, and walls in commercial buildings, hospitals, and other non-residential structures. It is also becoming increasingly popular in residential settings, due to its ability to provide a high-quality finish and a more cost-effective solution than traditional construction materials. The use of timber laminating adhesive can also reduce the time and labor associated with certain construction projects, making it an attractive option for both homeowners and contractors.
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Demand for low-VOC adhesives is an opportunity.
The demand for low-VOC adhesives is growing in the woodworking and timber laminating industries due to increasing environmental regulations and consumer demand for products with fewer volatile organic compounds (VOCs). Low-VOC adhesives are becoming more popular in the industry as they offer superior performance and an eco-friendlier product. Low-VOC adhesives are offered in a variety of formats, including water-based, solvent-based, and UV-curing, and they offer a range of benefits, including reduced environmental impact, improved product quality, and improved working conditions. Low-VOC adhesives are becoming the preferred choice for woodworking and timber laminating projects, and the demand for these types of adhesives is only expected to grow.
The market for timber laminating adhesives was dominated in 2021 by the segment of melamine (urea) formaldehyde resin.
The melamine (urea) formaldehyde resin segment accounted for the largest share of the timber laminating adhesives market in 2021. This is primarily due to its good water resistance, high bonding strength and relatively low cost. Additionally, the use of these adhesives in furniture, flooring, door and window frames, and kitchen cabinets is rising, due to their excellent adhesion to wood, metal, and plastic substrates. Moreover, the growing demand for formaldehyde-free adhesives in the furniture industry is expected to drive the demand for melamine (urea) formaldehyde resin adhesives in the coming years.
During the forecast period, the market for timber laminating adhesives is anticipated to develop at its fastest rate in the case of floor beams.
The increasing demand for timber floor beams in residential constructions will drive the growth of the timber laminating adhesives market. Timber floor beams are used to provide structural support and stability in the buildings. The increasing trend of the use of timber floor beams in the residential construction sector is expected to further fuel the demand for timber laminating adhesives during the forecast period. Timber laminating adhesives offer superior bonding strength and high performance. The demand for lamination adhesives is expected to grow as the demand for timber floor beams increases during the forecast period.
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In the anticipated time, Europe will have the greatest market for timber laminating adhesive.
Europe is the largest timber laminating adhesive market in the forecast period. According to a report by MarketsandMarkets™, Europe is expected to account for over 35% of the global market share by the end of 2026. This is due to the presence of major players such as Henkel, Sika, and Bostik in the region, as well as the growing demand for wood-based products. Additionally, the increasing demand for renewable and recyclable materials and the growing trend of green building construction in the region are expected to further drive the growth of the timber laminating adhesive market in Europe.
The key players operating in the timber laminating adhesive market are Henkel AG & Co. KGaA, Sika AG, 3M Company, Bostik SA, H.B. Fuller Company, Illinois Tool Works Inc, Avery Dennison Corporation, DOW Chemical Company, Lord Corporation, L&L Products, Inc and others.
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