Engineered Wood Adhesives Market Size Worth $11.28 Billion By 2032 | CAGR: 3.6%

The global engineered wood adhesives market size is expected to reach USD 11.28 billion by 2032, according to a new study by Polaris Market Research. The report “Global Engineered Wood Adhesives Market Size, Share, Trends, Industry Analysis Report: By Resin (E Melamine Formaldehyde, Phenol Resorcinol Formaldehyde, Polyurethane, Others); By Product; By Technology; By Application, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for engineered wood adhesives has been steadily increasing in recent years. This rise in demand is likely a result of the growing popularity of engineered wood products, such as plywood, particleboard, medium-density fiberboard, and oriented strand board. These wood adhesives are crucial for manufacturing composite materials, which are highly durable and versatile due to their ability to bond wood fibers or particles. This increased demand reflects a growing need for products made with these adhesives, contributing significantly to the development of the entire industry. For instance, in May 2022, Bostik has introduced SG6518 and SG6520, its latest Hot Melt Polyurethane Reactive (HMPUR) adhesive solutions for edge banding in woodworking. Supergrip provides cutting-edge adhesive technology designed for peak performance in the woodworking sector.

Moreover, companies like Henkel and Hexion are known for offering a range of engineered wood adhesives designed to meet specific conditions and requirements in the engineered wood adhesives market. For example, there are elastic adhesives used in engineered wood flooring which enable the wood to move and adjust for irregular expansion, ensuring long-term durability. These adhesives are becoming increasingly popular due to the thorough testing and matching of engineered wood with appropriate adhesives.   

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Advancements in manufacturing technology, including computer-aided design (CAD) software and automated machinery, enable furniture producers to optimize production processes, boost productivity, and meet the rising demand for engineered wood furniture. There will be an increasing need for specialized adhesive formulas tailored to the unique requirements of furniture assembly as the furniture manufacturing industry expands. This will drive growth in the engineered wood adhesives market during the forecast period.

Engineered Wood Adhesives Market Report Highlights

• Phenol resorcinol formaldehyde segment garnered the largest market share in 2023, owing to properties such as moisture resistance, longevity, and adaptability of temperature.
• Melamine formaldehyde segment is expected to grow at the fastest rate during the forecast period due to its superior binding ability of the adhesives.
• Plywood held the largest market share in 2023 due to its wide application in construction, furniture, and cabinetry and its ability to withstand high temperatures and pressure.
• Asia Pacific region dominated the market, owing to the rise of rapid urbanization and growing construction activities in the region.
• The key market players include AICA Kogyo, Akzo Nobel, Arkema, Astral Limited, BASF, Dow, H.B. Fuller, Henkel, KGaA, and Hexion.

Polaris Market Research has segmented the engineered wood adhesives market report based on resin, product, technology, application, and region:

Engineered Wood Adhesives, Resin Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)

• Melamine Formaldehyde
• Phenol Resorcinol Formaldehyde
• Polyurethane
• Others

Engineered Wood Adhesives, Product Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)

• Cross-laminated timber (CLT)
• Glulam
• Plywood
• Oriented Strand Board (OSB)
• Medium Density Fiberboard (MDF)
• Laminated Veneer Lumber (LVL)
• Others

Engineered Wood Adhesives, Technology Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)

• Solvent-Based
• Water-Based
• Solvent-Less
• Reactive

Engineered Wood Adhesives, Application Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)

• Structural
• Non-Structural

Engineered Wood Adhesives, Regional Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Engineered Wood Adhesives Report Scope