Asia Pacific Wood Adhesives Market Size & Outlook
Asia Pacific wood adhesives market, 2018-2030 (US$M)
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Asia Pacific wood adhesives market highlights
- The Asia Pacific wood adhesives market generated a revenue of USD 3,477.6 million in 2022.
- The market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Water Based is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 3,477.6 million |
| Market revenue in 2030 | USD 5,938.7 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Water Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Reactive & Others |
| Key market players worldwide | DuPont de Nemours Inc, H.B. Fuller Co, Henkel AG & Co KGaA, Arkema SA, 3M Co, Sika AG, Ashland Inc, Akzo Nobel NV, Jubilant Industries, Pidilite Industries Limited, Franklin International |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 46.6% of the global wood adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,938.7 million by 2030.
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Wood Adhesives Market Scope
Wood Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific wood adhesives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wood adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 38% in 2022. Horizon Databook has segmented the Asia Pacific wood adhesives market based on water based, solvent based, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is experiencing rapid urbanization, with a surge in residential and commercial renovation projects. This has led to an increased demand for wood adhesives, as they are extensively used in the manufacturing of engineered wood products, including laminated veneer lumber, plywood, and particleboard.
Strong economic development, coupled with population expansion in countries such as China and India, is expected to boost the overall construction and renovation spending in Asia Pacific over the forecasted period. According to Oxford Economics, the volume of construction output is predicted to grow by 85% and reach USD 17.5 trillion by 2030.
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Our clientele includes a mix of wood adhesives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wood adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wood adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Wood Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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