CHICAGO, October 27, 2021 / PRNewswire / – According to the new market research report “The market for wood laminated adhesives by hart type (MF, PRF, PU, EPI), application (Floor beams, rafters, window and door heads, trusses and pillars), end use (residential, non-residential) and region – global forecast for 2026“, published by MarketsandMarkets ™, was the global size of the wood laminate adhesive market USD 650 million in 2020 and is expected to reach USD 1,047 million in 2026, with a CAGR of 8.1%. The use of wood lamination glue is expected to increase in floor beams, ceiling beams, window and door moldings, trusses and support pillars and others, is expected to increase over the next five years.
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Melamine (urea) The formaldehyde resin segment accounted for the largest share of the market for wood lamination adhesives in 2020.
Melamine (urea) formaldehyde (MF & MUF) resin is produced by polymerization and condensation of melamine, a trimer of dicyandiamide and formaldehyde with or without the presence of an acid catalyst.
MF resins are more water and heat resistant than urea formaldehyde (UF) resins; therefore, they are used in exterior applications. MF resins are stain resistant and remain unaffected by various strong solvents. MF resins are more expensive than UF resins; therefore, their applications are limited in low cost chipboard and plywood. They are used as wood lamination adhesives in plywood, medium density fiberboard (MDF) and chipboard to give them mechanical and chemical resistance when required for outdoor applications.
Floor beams are expected to witness the fastest growth in the market for wood laminated adhesives during the forecast period.
The use of wooden beams has increased due to the increase in new construction and renovation activities worldwide. In addition to this, the rising trend in environmentally friendly homes is driving the market. Floor beams have a high demand in modern houses because they provide higher load-bearing capacity, safety and strength to the design while reducing the weight of the structure compared to concrete and steel. The use of wood lamination glue instead of fasteners during construction not only provides strength but also significantly reduces the cost, time and weight of the structure.
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Europe is the largest market for lamination adhesives during the forecast period
Europe is expected to be the largest market for wood lamination adhesives. The European market for wood laminated adhesives is run by countries such as Germany, France, Turkey, Italy, and the United Kingdom. Head office for large companies that manufacture wood laminated adhesives such as Akzo Nobel NV (Netherlands), Henkel AG (Germany), and Arkema (France) are based on Europe. Despite the protracted pandemic and the economic downturn in some European countries such as Greece and Spain, the region is recovering from the crisis.
The key players profiled in the market report for wood laminated adhesives are Henkel AG (Germany), 3M Companies (USA), Arkema (Bostik), AkzoNobel NV (Netherlands), Sika AG (Switzerland).
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