Market Size of Wood Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Wood Adhesives Market Analysis
The wood adhesives market is expected to register a CAGR of more than 4% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to reach pre-pandemic levels and is expected to grow steadily.
- Due to the increasing construction activity, the wood adhesives market is expected to grow during the forecast period.
- On the other hand, volatility in the price of raw materials is expected to hinder the market during the forecast period.
- Developing eco-friendly adhesives is expected to provide an opportunity for the market in the coming years.
- Asia-Pacific dominated the global market with the most significant consumption from countries such as China, India, and Japan.
