Wood Adhesives And Binders Market Size, Growth, Segmentation, Competitive Landscape and Potential of Industry from 2023-2030
The Wood Adhesives And Binders market refers to the industry that produces and sells adhesives and binders used in the manufacturing and construction of wood-based products, such as furniture, flooring, and engineered wood. This market includes products such as urea-formaldehyde, phenol-formaldehyde, melamine-formaldehyde, and polyurethane adhesives, among others. The market is driven by factors such as increasing demand for eco-friendly and sustainable products, rising construction activities, and growth in the furniture industry. Key players operating in the global wood adhesives & binders market include Huntsman Corporation, Henkel AG & Co. KGaA, BASF SE, Franklin Adhesives and Polymers, 3M Company, and Ashland Inc. The demand for wood adhesives and binders is primarily driven by the growth of the wood-based products industry, including furniture, flooring, and engineered wood. The increasing focus on sustainable and eco-friendly products is also contributing to the demand