Albany, NY -- (SBWIRE) -- 07/25/2016 -- The global wood adhesives and binders market is fragmented, with the top four companies accounting for 36% of the total market in 2013. These companies are Dow Chemical Company, 3M Company, Henkel AG and Co. KGaA, and HB Fuller. The wood adhesives and binders market is capital intensive and requires huge setup cost, Transparency Market Research (TMR). This makes it difficult for entry difficult for new players.

The R&D required for the development of customized products is very expensive and thus, only existing players who operate on a large scale are able to afford it. This makes the market consolidated with only a few companies benefitting from integration, leading to increased competition. However, new entrants with a strong financial backing can hope for prospective opportunities in bio-based adhesive formulations.

Get FREE PDF Brochure for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3045

Growth in Construction Industry Boosts Demand for Wood Adhesives and Binders

Wood adhesives and binders have their applications in flooring, cabinets, plywood, doors, windows, and other structural panels. Furniture and construction are the major areas where the use of wood adhesives and binders is on a large scale. The construction market is expected to grow at a 4.7% CAGR between 2016 and 2020. Asia Pacific is expected to lead in the construction industry from 2015 to 2020. The massive population in the region is expected to create the need for newer constructions and infrastructure developments. Similarly, other regions are also witnessing a growth in the construction industry. This growth in the construction industry worldwide is resulting in a considerable demand for wood adhesives and binders.

Fluctuating Price of Crude Oil to Restrict Growth of Wood Adhesives and Binders Market

Wood adhesives and binders are synthesized from petroleum-based feedstock such as urea, vinyl acetate, acrylates, styrene butadiene, polyurethanes, phenols, and polyolefins. These petroleum-based feedstock are dependent on the supply of crude oil. Thus, an increase in the price of oil and gas increases the cost of the raw materials required for the manufacturing of wood adhesives and binders.

Another factor affecting the growth of the market is the environmental and health risks associated with VOC (volatile organic compounds) emissions during the industrial or commercial applications of wood adhesives and binders. In order to regulate these emissions, several countries have set guidelines that restrict the amount of gaseous emission during the use of adhesives and binders. The violation of such government-defined regulations can cause severe penalties and losses. This is causing market players to shift their focus from solvent-based wood adhesives, thus restricting the growth of the market.

Environmental Concerns Give Rise to Demand for Bio-based Adhesives and Binders

The rising carbon footprint and the consequent increase in environmental concerns are causing market players to focus on the development of bio-based adhesives. The development of bio-based adhesives not only provides environmental benefits but also reduces the overall manufacturing cost as opposed to their synthetic counterparts. Bio-based adhesives are thus catching up in the market and are being manufactured by companies such as Henkel, ADCO Global, Cargill, BASF, Croda, Dow Chemical Company, DuPont, and Evonik Industries.

Browse The Full Wood Adhesives and Binders Market Report At : http://www.transparencymarketresearch.com/wood-adhesives-binders-market.html

On the basis of product, the urea-formaldehyde segment led the market in 2013, accounting for 33.5% of the global wood adhesives and binders market. By application, the flooring and plywood segment was the largest, accounting for 51.3% of the global market in 2013. The flooring and plywood segment is expected to retain its leading positon in the coming years. By region, North America led the global wood adhesives and binders market in 2013. Asia Pacific is expected to be the fastest growing regional segment and account for 30.5% of the global wood adhesives and binders market by 2020.

The global market opportunity in wood adhesives and binders is projected to rise from US$13.15 bn in 2013 to US$17.77 bn by 2020, expanding at a CAGR of 4.4% from 2014 to 2020.

This information is based on the findings of a report published by Transparency Market Research titled "Wood Adhesives and Binders Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020."

The global wood adhesives and binders market is segmented as follows:

Product
-Urea-formaldehyde (UF)
-Melamine-urea-formaldehyde (MUF)
-Phenol-formaldehyde (PF)
-Isocyanates (MDI, TDI, HDI)
-Soy based
-Others (Including polyurethane, epoxy, silicone, polyvinyl acetate (PVAc) and ethyl vinyl acetate (EVA)

Application
-Cabinets
-Flooring & plywood
-Furniture & subcomponents
-Windows & doors
-Others (Including do-it-yourself consumer products and crafts)

Regional
-North America
-Europe
-Asia Pacific
-Rest of the World

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.