At 4.0% CAGR, the Middle East & Africa Wood Adhesives Market is Projected to be Worth US$ 442.42 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa wood adhesives market was valued at US$ 323.35 million in 2023 and is expected to reach US$ 442.42 million by 2031, registering a CAGR of 4.0% from 2023 to 2031. Development of sustainable and eco-friendly wood adhesives and growth of the global furniture industry are among the critical factors attributed to the Middle East & Africa wood adhesives market expansion.

Sustainable and eco-friendly materials are the subject of extensive research in various fields, fueled by the driving utilization in commercial applications. The easy availability of natural raw materials for the production of eco-friendly polymers is an added factor boosting its supply and demand. Further, due to rising concerns and awareness about the social and environmental impacts of synthesized chemicals, customers are shifting toward the utilization of renewable wood adhesives. Stringent government regulations pertaining to the utilization of toxic chemicals across the globe have encouraged many market players to develop nontoxic alternatives and green products, aiding global sustainability goals. The global transition toward sustainability and circular economy leads to a rise in research and development activities associated with novel sustainable wood adhesives.

The rising demand for sustainable materials has prompted manufacturers to develop eco-friendly wood adhesives for various applications. In 2023, Henkel AG & Co KGaA announced the launch of two new wood adhesives that are developed with bio-based materials; the new Loctite engineered wood adhesives, HB S ECO and CR 821 ECO, reduce CO2 equivalent emissions by more than 60% compared to fossil-based alternatives. In May 2024, Garnica launched Naturbind, a high-performance bio-based adhesive. The developed product is derived from a tannin-based source that does not contain formaldehyde. It is FSC plywood and CE2+ certified, as well as offers high indoor air quality standards. Thus, the replacement of petroleum-derived polymers with eco-friendly materials, otherwise sourced from natural sources, is expected to become a significant trend in the wood adhesives market during the forecast period.

On the contrary, fluctuations in raw material prices hampers the growth of Middle East & Africa wood adhesives market.

Based on resin type, the Middle East & Africa wood adhesives market is bifurcated into natural and synthetic. The synthetic segment held 92.6% share of the Middle East & Africa wood adhesives market in 2023, amassing US$ 299.30 million. It is projected to garner US$ 407.89 million by 2031 to expand at 3.9% CAGR during 2023-2031.

Based on technology, the Middle East & Africa wood adhesives market is segmented into solvent-based, water-based, and others. The water-based segment held 61.7% share of the Middle East & Africa wood adhesives market in 2023, amassing US$ 199.66 million. It is projected to garner US$ 284.78 million by 2031 to expand at 4.5% CAGR during 2023-2031.

Based on application, the Middle East & Africa wood adhesives market is segmented into furniture, plywood, flooring, doors and windows, and others. The furniture segment held 46.5% share of the Middle East & Africa wood adhesives market in 2023, amassing US$ 150.22 million. It is projected to garner US$ 218.10 million by 2031 to expand at 4.8% CAGR during 2023-2031.

Based on country, the Middle East & Africa wood adhesives market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa held 51.3% share of Middle East & Africa wood adhesives market in 2023, amassing US$ 165.80 million. It is projected to garner US$ 212.20 million by 2031 to expand at 3.1% CAGR during 2023-2031.

Key players operating in the wood adhesives market are Henkel AG & Co KGaA; 3M Co; Sika AG; Arkema SA; Dow Inc; H.B. Fuller Company; Akzo Nobel NV; Aica Kogyo Co. Ltd; Pidilite Industries Ltd; Mapei SpA; Jubilant Industries Ltd; Franklin International; Jowat SE; STAUF Klebstoffwerk GmbH; RPM International Inc; Huntsman Corp; Follmann GmbH and Co KG; Bolton Group S.r.l; Wacker Chemie AG; and the IFS Industries Inc, among others.

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