Timber Laminating Adhesives Market by Type (MF, PRF, PU, EPI, Others) and Application (Floor Beams, Roof Beams, Window & Door Headers, Trusses & Supporting Columns, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026703 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 758 million mark in 2022 and is expected to hit US$ 1,397 million by 2030, recording a CAGR of 8.0% during the forecast period.

Rising use in the non-residential sector 

The application of laminated timber is expected to increase in non–residential segments such as schools, offices, and other public places due to the International Building Code 2021. In the US, timber is majorly used in the residential segment but with the introduction of the new international building code, use in the non-residential segment is expected to increase. Taller buildings could be constructed using timber. These factors are expected to drive market growth in the forecast period.

Within the report, the market is segmented into type, application, and geography. By type, the market is segmented into MF, PRF, PU, EPI, and others. By application, the market is divided into floor beams, roof beams, window & door headers, trusses & supporting columns, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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The growing demand for low-VOC adhesives

The major timber laminating adhesives market players aim for sustainability; therefore, the switch to low-VOC content products is one of the key trends being followed in the market. Low-VOC timber laminating adhesive products are eco-friendly to a higher extent than those which are solvent-based. Apart from their eco-friendly characteristics, water-based low-VOC products are faster drying, emit less odor, and are easily cleaned with soap and water. Thus, with growing demand for low-VOC is further expected to drive market growth in the near future.

Development of low-formaldehyde adhesives

The development of low-formaldehyde adhesives. Formaldehyde is a known carcinogen, and the use of adhesives containing formaldehyde has been linked to health problems such as cancer. As a result, there has been a push for the development of low-formaldehyde adhesives, which are safer for both workers and the environment.

Recent strategic developments in the timber laminating adhesives Market

The timber laminating adhesives market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2020, Arkema (Bostik) completed the acquisition of LIP Bygningsartikler AS (LIP), the Danish leader in tile adhesives, waterproofing systems, and floor preparation solutions in January 2020.
  • In February 2020, Henkel Adhesive Technologies officially inaugurated its new production facility in Kurkumbh, India, near Pune. At a total investment of approximately USD 57 million, the business unit aims to serve the rising demand from Indian industries for high-performance solutions in adhesives, sealants, and surface treatment products. Designed as a smart factory, the new plant enables a wide range of Industry 4.0 operations and meets the highest standards of sustainability.

The timber laminating adhesives market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Henkel AG, 3M Company, Arkema, AkzoNobel N.V., Sika AG are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Timber Laminating Adhesives manufacturer
  • Construction related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Melamine Formaldehyde Adhesives (MF)
  • Phenol Resorcinol Formaldehyde (PRF) Adhesives
  • Polyurethane (PU)
  • Emulsion Polymer Isocyanate (EPI) Adhesives
  • Others
  • Application
  • Floor Beams
  • Roof Beams
  • Window and Door Headers
  • Trusses and Supporting Columns
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Henkel AG
  • 3M Company
  • Arkema
  • AkzoNobel N.V.
  • Sika AG

The List of Companies
- Henkel AG
- 3M Company
- Arkema
- AkzoNobel N.V.
- Sika AG

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