Wood Glue Market: Future Innovation Strategies, Growth & Profit Analysis, Forecast by 2031

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Global Wood Glue supply-demand continues to be impacted by broader developments in the chemicals sector. The new Wood Glue market research report outlines the key factors that will impact production, supply, and demand during the assessment period.

The study tracks Wood Glue demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyses the impact of covid-19 on chemicals industry in general and Wood Glue in particular.

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How will Wood Glue sales grow in 2021 and beyond?

The Wood Glue industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.

Overall, demand for Wood Glue will be heavily influenced by broader developments in the chemicals sector. The chemical activity barometer has shown a stable streak, which is indicative of an ascendancy in us chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.

Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.

Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.

The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.

Growth of chemicals sector in Asia pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.

The chemical sector in japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.

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Key Wood Glue Market Segments

Based on Product Outlook, Wood Glue Market is segmented into:

  • Urea-formaldehyde (UF)
  • Melamine urea-formaldehyde (MUF)
  • Phenol-formaldehyde (PF)
  • Isocyanates
  • Polyurethane
  • Polyvinyl acetate (PVA)
  • Soy-based
  • Others

Based on Application Outlook, Wood Glue Market is segmented into:

  • Flooring
  • Furniture
  • Doors & windows
  • Housing components
  • Others

Based on Substrate Outlook, Wood Glue Market is segmented into:

  • Solid wood
  • Oriented strand board (OSB)
  • Plywood
  • Particleboard (PB)
  • Medium-density fiberboard (MDF)
  • High-density fiberboard (HDF)
  • Others

Based on Resin Type, Wood Glue Market is segmented into:

  • Natural
  • Synthetic

Based on Technology Type, Wood Glue Market is segmented into:

  • Solvent-based
  • Water-based
  • Other Technologies

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Competitive Landscape

The Fact.MR study profiles the business, product and other key strategies of the leading Wood Glue companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Wood Glue market include

  • HB Fuller
  • Henkel AG & Co.
  • KGaA
  • Bostik SA
  • 3M
  • ika AG
  • Pidilite Industries Ltd

Key Regions Analysed

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Key Country-Wise Inclusions

  • US Wood Glue Market
  • Canada Wood Glue Sales
  • Germany Wood Glue Production
  • UK Wood Glue Industry
  • France Wood Glue Market
  • Spain Wood Glue Supply-Demand
  • Italy Wood Glue Outlook
  • Russia & Cis Market Analysis
  • China Wood Glue Market Intelligence
  • India Wood Glue Demand Assessment
  • Japan Wood Glue Supply Assessment
  • ASEAN Wood Glue Market Scenario
  • Brazil Wood Glue Sales Analysis
  • Mexico Wood Glue Sales Intelligence
  • GCC Wood Glue Market Assessment
  • South Africa Wood Glue Market Outlook

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