Albany, NY - According to the report, the global wood adhesives and binders market was valued at USD 13.15 billion in 2013 and is expected to reach USD 17.77 billion by 2020, expanding at a CAGR of 4.4% between 2014 and 2020. In terms of volume, the global wood adhesives and binders market stood at 16,207.7 kilo tons in 2013.
Browse the full Report Of Wood Adhesives and Binders Market at : http://www.transparencymarketresearch.com/wood-adhesives-binders-market....
Increasing population across the globe is estimated to boost the market for construction projects. This, in turn, is anticipated to propel the wood adhesives and binders market in the near future. Benefits such as ease of use, time efficiency, lightness in weight, low prices and aesthetics are the major drivers for rising adoption of wood adhesives and binders. However, stringent regulations associated with volatile organic compounds (VOCs) and instability in prices of petroleum feedstock is projected to hamper market growth during the forecast period. Furthermore, revenues are expected to grow at a slower rate compared to volume due to price sensitivity of the end-user markets and shifting trend towards products with lower VOCs.
In order to reduce their reliance on synthetic (petroleum-derived) wood adhesives and binders, major industry participants have been shifting their focus towards developing bio-based wood adhesives and binders over the past few years. Bio-based wood adhesives and binders made from soy and cellulose offer better biocompatibility with environment.
Browse Press Release Of Wood Adhesives and Binders Market : http://www.transparencymarketresearch.com/pressrelease/wood-adhesives-bi...
North America dominated the global wood adhesives and binders market, accounting for about 33% of the global market in terms of volume in 2013. Asia Pacific was the fastest growing market for wood adhesives and binders, accounting for a significant share of the market volume in 2013. The market in the region is likely to grow at a faster pace from 2014 to 2020. Europe also held a healthy share of the market in terms of volume in 2013. Major demand growth in Europe is expected from emerging Eastern European countries, especially Russia. RoW accounted for the least share of the total volume in 2013.
Related Published Reports By Transparency Market Research :
•Construction Chemicals Market : http://www.transparencymarketresearch.com/global-construction-chemicals-...
•Carbon Fiber Market : http://www.transparencymarketresearch.com/carbon-fiber-market.html
Urea-formaldehyde products emerged as the largest product segment, accounting for over 30% of the global wood adhesives and binders market in 2013. In terms of volume, soy-based wood adhesives and binders are expected to be the fastest growing products, expanding at a CAGR of approximately 7% between 2014 and 2020, due to a shift towards bio-based products encouraged by stringent environment regulations and sustainability requirements. Additionally, bio-based wood adhesives and binders offer superior biocompatibility and negligible VOC emissions.
Flooring & plywood applications dominated the market in 2013, constituting over half the share of the global market in terms of volume. Furniture & subcomponent applications are likely to be the fastest growing market for wood adhesives and binders, expanding at a CAGR of over 5% from 2014 to 2020 in terms of volume. Other applications of wood adhesives and binders include do-it-yourself (DIY) consumer products and crafts. These are expected to grow at a slower pace during the forecast period.
Get Sample Report Copy OR For further inquiries, click here : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_i...
The report segments the global wood adhesives and binders market as:
Wood Adhesives and Binders Market - Product Segment Analysis
•Isocyanates (MDI, TDI, HDI)
•Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate (EVA)
Wood Adhesives and Binders Market - Application Analysis
•Flooring & plywood
•Furniture & subcomponents
•Windows & doors
•Others (Including do-it-yourself consumer products and crafts)
Wood Adhesives and Binders Market - Regional Analysis
•Rest of the World
More Links :
•Browse Market Research News: http://www.transparencymarketresearch.com/press-releases.htm
•Browse Market Research Articles: http://www.transparencymarketresearch.com/articles.htm
•Browse Market Research Blog: www.researchandreports.wordpress.com
About Us :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Source: Transparency Market Research
Have something to say? Share your thoughts with us in the comments below.