Timber Laminating Adhesives Market Overview:
Adhesive manufacturers depend on raw materials and prices for determining their cost structure. Chemical raw materials used in the adhesive industry include plastic resins, synthetic rubber, and industrial inorganic chemicals. The majority of these raw materials are petroleum-based derivatives that are susceptible to price fluctuations. Due to the Middle East pandemic and political unrest, oil prices have been highly volatile in recent years. The major players in the timber laminating adhesive market strive for sustainability; as a result, low-VOC products are a key trend. Compared to solvent-based adhesives, low-VOC timber laminating adhesives are more eco-friendly.
Water-based low-VOC products are also faster drying, emit less odor, and are easy to clean. The melamine (urea) formaldehyde (MF & MUF) resin is produced from melamine, a trimer of dicyanamide and formaldehyde polymerized and condensed with or without acids. Due to their greater heat and water resistance, MF resins are used in exterior applications. Various strong solvents do not affect MF resins, making them stain-resistant. Low-cost particle boards and plywood cannot use MF resins because they are more expensive than UF resins.
As timber laminating adhesives, they provide mechanical and chemical resistance to plywood, medium-density fiberboard (MDF), and particle boards. New construction and renovation activities across the globe have led to an increase in the use of wooden floor beams. The market is also being driven by the growing trend for eco-friendly homes. In modern houses, floor beams are in high demand because they provide greater strength, stability, and load carrying capacity while reducing the weight of the structure.
The report on Timber Laminating Adhesives Market by Future Market Analytics consists of the market trends like the regularization of the usage of renewable energy resources, digitization of the chemical industry, etc. that have the potential of transforming the market growth. Furthermore, the report includes insightful data points on the overall Timber Laminating Adhesives Market share, the impact of the market on the tech and commercial industry for the real-time process refinement and business expansion, revenue management, etc. The report also includes the competitive landscape ranging from key market players to new entrants and their SWOT analysis along with the geographical analysis of regions such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
With the assistance of the latest market research methodologies, the market analysts at Future Market Analytics have estimated that the Timber Laminating Adhesives Market is anticipated to attain significant augmentation within the forecasted timeframe. The report includes insights regarding the Timber Laminating Adhesives Market size and the current market valuation coupled with detailed information on the market segmentation and the available growth opportunities in the business vertical.
Major players included in the Timber Laminating Adhesives Market:
• Henkel AG
• 3M Company
• Sika AG
• Arkema
• Ashland Inc.
• Akzo Nobel N.V.
• DOW Inc.
• Pidilite Industries
• Jowat SE
• Collano AG
• Jubilant Industries
• Beardow Adams
• Bison International BV
• Britannia Adhesives
• Cattie Adhesives
(Note: The list of the major players will be updated with the latest market scenario and trends)
Timber Laminating Adhesives Market Segmentation:
By Resin Type
• Melamine (Urea) Formaldehyde Adhesives (MF & MUF)
• Phenol Resorcinol Formaldehyde (PRF) Adhesives
• Polyurethane
• Emulsion Polymer Isocyanate (EPI) Adhesives
• Others
By Application
• Floor Beams
• Roof Beams
• Window and Door Headers
• Trusses and Supporting Columns
• Others
By End-use Industry
• Residential
• Non-residential
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Timber Laminating Adhesives Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Timber Laminating Adhesives Market by resin type, by application, by end-use industry and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
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