Demand for Bio-adhesives Encouraging Growth Opportunities in the Global Wood Adhesives and Binders Market: Technavio Report

Renewable energy

 

  • The key vendors in the Global Wood Adhesives and Binders Market 2015-2019 are 3M Co., Adhesive Research Inc. , Sika AG and Tikkurila Oyj

London, 18 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Wood Adhesives and Binders Market 2015-2019.   One key trend emerging in this market is the demand for bio-adhesives. The need for bio-adhesives is driven by stringent regulations and consumer awareness of the adverse effects of synthetic materials. Bio-based wood adhesives and binders offer negligible VOC emissions and superior biocompatibility. The Global Wood Adhesives and Binders market is expected to witness steady growth during the forecast period of 2014-2019, posting a CAGR of 4.51 percent.

“Nanocrystalline cellulose helps in improving the performance, thermal stability, and bonding strength of wood adhesives. It acts as a humectant and reinforcing agent to improve the resistance to glue line dry-out,” says Faisal Ghaus, Vice President of Technavio Research.

“By using nanocrystalline cellulose, manufacturers and producers can continue using the low-cost and fast-curing urea-formaldehyde and melamine-urea-formaldehyde adhesives for their products.”

To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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