North America Wood Adhesives Market Size & Outlook
North America wood adhesives market, 2018-2030 (US$M)
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North America wood adhesives market highlights
- The North America wood adhesives market generated a revenue of USD 1,160.8 million in 2022.
- The market is expected to grow at a CAGR of 5.5% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,160.8 million |
| Market revenue in 2030 | USD 1,787.7 million |
| Growth rate | 5.5% (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, North America region accounted for 15.6% 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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North America 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 North America wood adhesives market based on water based, solvent based, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
The wood adhesives market in North America is a dynamic and thriving sector, characterized by the increasing demand for adhesives in various wood-based applications, such as furniture, cabinets, flooring, and construction. North America is the major region that dominated the wood adhesives market in 2023, due to rising construction activities in countries like the U.S.
According to the U.S. Department of the Treasury June 2023 report, the U.S. has experienced a steep rise in construction spending for manufacturing facilities in recent times. Since 2021, the spending on real manufacturing construction has doubled.
One of the key drivers of the wood adhesives market in North America is the robust construction and housing industry. With a steady growth in residential and commercial construction activities, there has been a substantial demand for high-performance wood adhesives to ensure the structural integrity and longevity of wooden structures.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America wood adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into North America wood adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America wood adhesives market
North America Wood Adhesives Market Outlook Share, 2022 & 2030 (US$M)
North America wood adhesives market
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