GVR Report cover Wood Adhesives Market Size, Share & Trend Report

Wood Adhesives Market Size, Share & Trend Analysis Report By Product (UF, MUF, Soy-Based), By Substrate (OSB, Plywood, MDF), By Application, By Region, And Segment Forecasts, 2020 - 2025

  • Report ID: GVR-2-68038-853-4
  • Number of Pages: 161
  • Format: Electronic (PDF)

Industry Insights

The global wood adhesives market size was valued at USD 4.79 billion in 2019 and is anticipated to grow at a compound annual growth rate (CAGR) 4.7% from 2020 to 2025. Growing global engineered wood-based panel production is a significant factor driving the market.

Engineered wood-based panels such as plywood, oriented strand board, and particle board consume a significant volume of adhesives during their manufacturing process. For instance, plywood is produced by binding veneers with adhesive.

China Wood Adhesives Market

The global wooden furniture market is expected to grow over the forecast period owing to the increasing demand for eco-friendly and green furniture. Rising concerns among people regarding the abatement of trees and global warming have led to a surge in the use of engineered wood-based panels. Rapid urbanization coupled with an increase in disposable income has contributed to a higher demand for engineered wood furniture. This is estimated to be a significant factor in influencing product demand.

Wood panel manufacturers, especially in Asia Pacific, rely on in house production capabilities to produce adhesives for their products. Adhesive production is considered to be a part of wood-based panel manufacturing in the woodworking industry. However, most small to medium panel manufacturers do not have adequate adhesive production and quality control capabilities. Adhesive formulation and monitoring of quality is solely dependent on the operator’s knowledge, skill, and experience.

The market is characterized by the presence of a stringent regulatory framework associated with the emission levels of formaldehyde during wood-based panel manufacturing. This is expected to open new growth avenues for soy-based, polyurethane, and polyvinyl acetate adhesives over the next seven years.

Wood Adhesives Market Trends

Growing refurbishment and renovation activities coupled with increasing number of constructions is anticipated to boost market growth. Moreover, government initiatives towards sustainable construction have resulted in an increased need for engineered wood and wood products in the form of furniture for use in both residential as well as commercial applications, which is expected to augment demand for wood adhesives across the forecast period.

Remodeling and renovation activities on account of rising living standards are expected to contribute to the demand for furniture. Growing service sector in emerging economies has led to the development of office spaces and corporate buildings, which have consequently impacted the demand for wood furniture’s, which is expected to drive the wood adhesives market growth.

Furthermore, rising concerns among people regarding the abatement of trees and global warming have led to a surge in the use of engineered wood panels. The manufacturing of engineered wood panels such as oriented strand board, plywood, and particle board requires significant volume of adhesives. For instance, plywood is produced by applying adhesive resin to veneers. As a result, the growing demand for wood panels is likely to boost demand for wood adhesives.

In addition, rising awareness regarding environmental degradation, growing customer base, and enhanced & consistent R&D activities are anticipated to grow the bio-based wood adhesives demand. Abundant raw material availability of bio-based adhesives such as starch, soy and corn are expected to positively influence the wood adhesives market growth over the forecast period.

However, volatile organic compound (VOC) emissions resulting from commercial and industrial use of adhesives pose both environmental and health risks. In order to regulate such industrial emissions, several countries have set guidelines to restrict the amount of gaseous emission during the use of adhesives. Thus, stringent government regulations prevalent in the industry is expected to restrict the market growth across the forecast period.

For instance, in the U.S., the Environmental Protection Agency states that manufacturers and suppliers of adhesives and sealants must comply with the established volatile organic compound standards. Moreover, European adhesives industry also complies with the regulations under Registration, Evaluation, Authorization and Restriction of Chemicals (REACH). These environmental regulations restrict the growth of adhesives market as the violation of such government-defined regulations can result in heavy penalties and losses.

Product Insights

Urea-formaldehyde (UF) dominated the market with a revenue share of 37.68% in 2019. Urea-formaldehyde is widely used as a non-transparent thermosetting resin for wood. It exhibits superior properties includes high tensile strength and flexural modulus. Fillers and extenders are added to the resin to control flow, viscosity, and resin penetration in wood. They are widely used in the manufacturing of interior grade plywood and particleboard. A major drawback of UF adhesives is their poor water resistance.

The melamine urea-formaldehyde (MUF) resins possess superior water-resistance properties as compared to other resins. A recent trend indicates the development of MUF resin adhesives for finger jointing of sawmill waste timbers and also for manufacturing flooring tiles from bamboo and bamboo laminates. These resins are the popular choice for exterior and semi-exterior panels.

Soy-based adhesives are expected to witness the fastest CAGR of 7.5%, in terms of revenue, from 2019 to 2025. They are largely replacing petrochemical-based adhesives in the woodworking industry. These adhesives are environmentally friendly and improve the overall performance of the wood panel.

Isocyanates exhibit excellent resistance to moisture and are used to bond agricultural cellulosic wastes such as bagasse and straw. The most commonly used isocyanates are methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI). However, the product causes irritation of skin, eyes, and respiratory tract when used in high concentrations.

Application Insights

Furniture was the dominant application with a revenue share of 47.16% in 2019. Wood-based panels find wide application scope in furniture as they are lightweight, well finished, and durable as compared to traditional wood. Unlike glass, these panels can be used to manufacture sturdy and durable interior decoration items which are expected to have a positive impact on the segment growth over the next seven years.

Flooring application is poised to observe the fastest growth with a CAGR of 5.4%, in terms of revenue, from 2019 to 2025. Increasing per capita disposable income coupled with the growing demand for residential space is anticipated to fuel the demand for flooring. Plywood floors enable customers to achieve enhanced aesthetics at a lower cost. An increasing number of restoration & refurbishment projects in developed economies are likely to augment the demand for wooden flooring, thereby propelling the adhesives market growth.

Wood adhesives are increasingly being applied on residential and commercial doors & windows for waterproofing and enhancing the overall texture & appeal. The product is also used during the manufacturing of window films as it enhances the UV filtration of the films.

Housing components including studs, joists, rafters, sheathing, and siding are made from wood. Increasing demand for residential space owing to rapid urbanization along with higher living standards is expected to drive market growth significantly over the forecast period. New residential & commercial construction activities are also propelling the demand for engineered housing components to ensure energy sustainability, attractiveness, and efficiency.

Substrate Insights

Plywood dominated the market in 2018 with a volume share of 29.5%. The segment is predicted to witness the fastest growth from 2019 to 2025. Plywood is mainly comprised of a bunch of veneers that are stuck together with an adhesive. Proliferation in the production of plywood, especially in Asia Pacific, is predicted to support the market growth over the coming years.

Oriented strand board (OSB) is yet another significant segment for the product. The logs are sliced into strands of a specific size and assembled in wet bins until they get ready to be dried. The dried strands are mixed with adhesive to construct the board and a minimal amount of wax to improve the resistance to water absorption and moisture. Increasing demand for oriented strand board (OSB) as an alternative to plywood and solid boards, especially in North America and Europe, is projected to drive the demand for the product in OSB over the forecast period.

Global Wood Adhesives Market

Wood adhesive consumption in particleboard (PB) is estimated to grow at a CAGR of 4.2%, in terms of volume, from 2019 to 2025. Particleboard is manufactured by mixing flakes and wood particles with adhesive and transforming the sticky mixture into the shape of thin sheets. Particleboards are vastly popular in Europe.

Particleboard has the ability to substitute its counterparts, such as plywood, owing to its lower cost. It is denser, cheaper, and uniform as compared to plywood. This is expected to have a positive impact on product demand over the forecast period.

Medium-density fiberboard (MDF) finds extensive application scope in the construction and furniture industries. Rising demand for wood furniture, flooring, and cabinetry is expected to drive the market over the forecast period. The rapid growth of the residential and commercial building & construction sector in Asia Pacific is expected to have a positive impact on the segment growth over the forecast period.

Regional Insights

Asia Pacific accounted for the largest revenue share of 46.85% in 2019. The region is anticipated to continue its dominance over the forecast period. The exponential rise in population in the Asia Pacific countries, coupled with the high demand for affordable housing, and government schemes promoting basic amenities such as food & shelter have led to the expansion of construction industry in the region, which in turn is expected to augment the wood adhesives market across the forecast period.

Wood Adhesives Market Trends by Region

The wood- panel industry in China has a high economic importance, since it is one of the largest producers of wood-based panels in the world. The well-established wood panel industry in the region coupled with the steady supply of wood products is anticipated to further boost the wood adhesives market growth. Furthermore, rapid urbanization and industrialization is projected to boost the market growth across the forecast period.

Germany is one of the largest producers of wood adhesives in Europe. The wood adhesives market has witnessed rapid growth over past few years owing to robust demand from furniture and construction industry. Robust economic development has substantially profited the furniture industry and has resulted in increased private consumption.

However, the macroeconomic insecurity in context to European debt crisis is likely to hamper the growth of numerous industrial sectors in Germany, including furniture and housing construction, which in turn is expected to negatively impact the wood adhesives market over the forecast period.

Wood Adhesives Market Share Insights

The global market is fragmented with the presence of numerous global and regional players. The market is characterized by the presence of key companies such as HB Fuller, Henkel AG & Co., KGaA, Bostik SA, and 3M and other small to medium regional players.

The global players face intense competition from each other as well as from the regional players who have strong distribution networks and good knowledge about suppliers & regulations. Companies in the market compete on the basis of quality offered and the technology used for the manufacturing of the product.

Wood Adhesives Market Report Scope

Report Attribute


Market size value in 2020

USD 5.00 Billion

Revenue forecast in 2025

 USD 6.33 Billion

Growth rate

CAGR of from 2020 to 2025

Base year for estimation


Historical data

2014 - 2018

Forecast period

2020 - 2025

Quantitative units

Revenue in USD million/billion and CAGR from 2020 to 2025

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, substrate, and region

Regional scope

North America; Europe; Asia Pacific; Middle East & Africa; Central & South America

Country scope

U.S.; Canada; Mexico; Germany; UK; France; China; India; Japan; Brazil; Saudi Arabia

Key companies profiled

Henkel AG & Co. KGaA; 3M Company; H.B. Fuller; Sika AG; Ashland Inc.; Bostik S.A.; Pidilite Industries Ltd.; Jubilant Industries Ltd.; AkzoNobel N.V.; Franklin Adhesives & Polymers.; DowDuPont Inc.

Customization scope

Free report customization (equivalent to up to 8 analyst working days) with purchase. Addition or alteration to country, regional, and segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Wood Adhesives Market Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global wood adhesives market on the basis of product, application, substrate, and region

Global Wood Adhesives Market Segmentation

  • Product Outlook (Revenue, USD Million, Volume, Kilotons 2014 - 2025)

    • Urea-formaldehyde (UF)

    • Melamine urea-formaldehyde (MUF)

    • Phenol-formaldehyde (PF)

    • Isocyanates

    • Polyurethane

    • Polyvinyl acetate (PVA)

    • Soy-based

    • Others

  • Application Outlook (Revenue, USD Million, Volume, Kilotons, 2014 - 2025)

    • Flooring

    • Furniture

    • Doors & windows

    • Housing components

    • Others

  • Substrate Outlook (Revenue, USD Million, Volume, Kilotons, 2014 - 2025)

    • Solid wood

    • Oriented strand board (OSB)

    • Plywood

    • Particleboard (PB)

    • Medium-density fiberboard (MDF)

    • High-density fiberboard (HDF)

    • Others

  • Regional Outlook (Revenue, USD Million, Volume, Kilotons, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East and Africa

      • Saudi Arabia

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