Wood Adhesives Market Strategies and Forecast by 2031
The wood adhesives market size is projected to reach US$ 6.79 billion by 2031 from US$ 4.57 billion in 2023. The market is expected to register a CAGR of 5.1% during 2023–2031. Development and adoption of eco-friendly wood adhesives are likely to bring new trends into the market during the forecast period.
Wood Adhesives Market Analysis
Formaldehyde, phenol-formaldehyde, melamine-formaldehyde, and polymeric methylene diisocyanate are used for the adhesion of wood-based panels, such as particleboard, medium/high-density fiberboard, oriented strand board, and plywood. The major aspect of consideration for the adhesive chemistry and raw materials market is the strict domestic and international regulations regarding the chemicals industry. These regulations are set to limit the VOC (volatile organic compound) values of chemicals. Therefore, the utilization, export, and import of high-VOC adhesives and polymers have been restricted in a few countries. The growing furniture industry, coupled with rising innovations in the wood adhesives market, is expected to favor the market growth.
Wood Adhesives Market Overview
Advancements in chemical engineering and production technologies have made synthetic adhesives more affordable, enabling manufacturers to save costs without compromising quality. Moreover, developing low-emission and environment-friendly synthetic adhesives addresses a few of the sustainability concerns traditionally associated with synthetic products. The demand for solvent-based wood adhesives is increasing owing to their exceptional performance characteristics and versatility in challenging applications. Solvent-based adhesives provide strong, durable bonds that can withstand extremely severe conditions such as high humidity, temperature fluctuations, and exposure to harsh chemicals, making them ideal for demanding industrial and structural applications.
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Wood Adhesives Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Wood Adhesives Market: Strategic Insights
Shejal
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Wood Adhesives Market Drivers and Opportunities
Rising Application of Wood Adhesives in Home Renovation and Construction Activities
Wood adhesives have a wide range of applications that include plywood, furniture, doors, windows, and flooring. The key market players offer water-based, solvent-based, EVA, SBC, acrylic, vinyl, epoxy, and polyurethane, among other types of wood adhesives, for various applications in the woodwork industry. The rising application of wood adhesives in home renovations and other construction activities fuels the market growth.
Strategic Research Initiatives Associated with Wood Adhesives
Formaldehyde, phenol-formaldehyde, melamine-formaldehyde, and polymeric methylene diisocyanate are used for the production of wood-based panels, such as particleboard, medium/high-density fiberboard, oriented strand board, and plywood. Polyurethane, phenol-formaldehyde, phenol-resorcinol-formaldehyde, emulsion polymer isocyanate, polyvinyl acetate, and other formulation chemistries are used for solid wood lamination and construction beams and coating of boards with veneers or finish foils, among other applications. Key manufacturers operating in the wood adhesives market invest significantly in strategic development initiatives such as product innovation and research and development to enhance their market position and attract a wide customer base.
Wood Adhesives Market Report Segmentation Analysis
Key segments that contributed to the derivation of the wood adhesives market analysis are resin type, technology, and application.
- Based on resin type, the wood adhesives market is divided into natural and synthetic. The synthetic segment held a larger share of the market in 2023.
- In terms of technology, the market is segmented into solvent-based, water-based, and others. The water-based segment held a significant share of the market in 2023.
- Based on application, the wood adhesives market is categorized into furniture, plywood, flooring, doors and windows, and others. The furniture segment dominated the market in 2023.
Wood Adhesives Market Share Analysis by Geography
The geographic scope of the wood adhesives market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Europe dominated the market in 2023. In Europe, the demand for wood adhesives is increasing primarily due to the resurgence of the construction and real estate sectors. As urbanization continues and the need for residential, commercial, and infrastructure projects grows, there is a heightened demand for wood products. Wood adhesives are essential in producing engineered wood products such as plywood, particleboard, and laminated veneer lumber, which are extensively used in modern construction for their strength and versatility. The presence of key market players, including Henkel, Arkema Group, and H.B. Fuller Company, among others, contributes to the wood adhesives market growth.
Wood Adhesives Market Report Scope
Wood Adhesives Market News and Recent Developments
The wood adhesives market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the wood adhesives market are listed below:
- H.B. Fuller Company announced the acquisition of ND Industries Inc., one of the leading providers of specialty adhesives and fastener locking and sealing solutions serving customers in the automotive, electronics, aerospace, and other industries. (Source: H.B. Fuller Company, Press Release, May 2024)
- Sika AG announced the acquisition of the flooring adhesives business of DriTac, a US-based floor-covering adhesives company with an especially strong position in wood floor bonding. The acquisition will contribute to Sika AG’s increased presence among floor covering installers and distributors while accelerating Sika AG’s expansion in the interior finishing market in the US. (Source: Sika AG, Press Release, March 2021)
Wood Adhesives Market Report Coverage and Deliverables
The “Wood Adhesives Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Wood adhesives market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Wood adhesives market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces analysis and SWOT analysis
- Wood adhesives market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the wood adhesives market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The wood adhesives market is expected to register a CAGR of 5.1% during 2023–2031.
The wood adhesives market value is estimated to be US$ 6.79 billion by 2031.
Covestro AG, Mitsui Chemicals Inc, Huntsman Corporation, Lubrizol Corporation, and Tosoh Corporation are the leading players operating in the wood adhesives market.
The development of sustainable and eco-friendly wood adhesives is likely to set trends in the upcoming years.
Rapid growth in the furniture industry and a surge in the application of wood adhesives in home renovation and construction activities are among the factors fueling the wood adhesives market growth.
Europe dominated the wood adhesives market in 2023.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Wood Adhesives Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Wood Adhesives Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Use
4.3.5 List of Vendors in the Value Chain
5. Wood Adhesives Market – Key Market Dynamics
5.1 Wood Adhesives Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growth of the Global Furniture Industry
5.2.2 Rising Application of Wood Adhesives in Home Renovation and Construction Activities
5.3 Market Restraints
5.3.1 Fluctuations in Raw Material Prices
5.4 Market Opportunities
5.4.1 Strategic Research Initiatives Associated with Wood Adhesives
5.5 Future Trends
5.5.1 Development of Sustainable and Eco-Friendly Wood Adhesives
5.6 Impact of Drivers and Restraints:
6. Wood Adhesives Market – Global Market Analysis
6.1 Wood Adhesives Market Volume (Kilo Tons), 2021–2031
6.2 Wood Adhesives Market Volume Forecast and Analysis (Kilo Tons)
6.3 Wood Adhesives Market Revenue (US$ Million), 2021–2031
6.4 Wood Adhesives Market Revenue Forecast and Analysis (US$ Million)
7. Wood Adhesives Market Volume and Revenue Analysis – by Resin Type
7.1 Natural
7.1.1 Overview
7.1.2 Natural: Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Natural: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Synthetic
7.2.1 Overview
7.2.2 Synthetic: Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Synthetic: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
8. Wood Adhesives Market Revenue Analysis – by Technology
8.1 Solvent-Based
8.1.1 Overview
8.1.2 Solvent-Based: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Water-Based
8.2.1 Overview
8.2.2 Water-Based: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
9. Wood Adhesives Market Revenue Analysis – by Application
9.1 Furniture
9.1.1 Overview
9.1.2 Furniture: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Plywood
9.2.1 Overview
9.2.2 Plywood: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Flooring
9.3.1 Overview
9.3.2 Flooring: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Doors and Windows
9.4.1 Overview
9.4.2 Doors and Windows: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10. Wood Adhesives Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Wood Adhesives Market Overview
10.2.2 North America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
10.2.3 North America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.2.4 North America Wood Adhesives Market Breakdown by Resin Type
10.2.4.1 North America Wood Adhesives Market Volume and Forecast and Analysis – by Resin Type
10.2.4.2 North America Wood Adhesives Market Revenue and Forecast and Analysis – by Resin Type
10.2.5 North America Wood Adhesives Market Breakdown by Technology
10.2.5.1 North America Wood Adhesives Market Revenue and Forecast and Analysis – by Technology
10.2.6 North America Wood Adhesives Market Breakdown by Application
10.2.6.1 North America Wood Adhesives Market Revenue and Forecast and Analysis – by Application
10.2.7 North America Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.2.7.1 North America Wood Adhesives Market Volume and Forecast and Analysis – by Country
10.2.7.2 North America Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.2.7.3 United States Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.2.7.3.1 United States Wood Adhesives Market Breakdown by Resin Type
10.2.7.4 Canada Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.2.7.4.1 Canada Wood Adhesives Market Breakdown by Resin Type
10.2.7.5 Mexico Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.2.7.5.1 Mexico Wood Adhesives Market Breakdown by Resin Type
10.3 Europe
10.3.1 Europe Wood Adhesives Market Overview
10.3.2 Europe Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
10.3.3 Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.3.4 Europe Wood Adhesives Market Breakdown by Resin Type
10.3.4.1 Europe Wood Adhesives Market Volume and Forecast and Analysis – by Resin Type
10.3.4.2 Europe Wood Adhesives Market Revenue and Forecast and Analysis – by Resin Type
10.3.5 Europe Wood Adhesives Market Breakdown by Technology
10.3.5.1 Europe Wood Adhesives Market Revenue and Forecast and Analysis – by Technology
10.3.6 Europe Wood Adhesives Market Breakdown by Application
10.3.6.1 Europe Wood Adhesives Market Revenue and Forecast and Analysis – by Application
10.3.7 Europe Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.3.7.1 Europe Wood Adhesives Market Volume and Forecast and Analysis – by Country
10.3.7.2 Europe Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.3.7.3 Germany Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.3.1 Germany Wood Adhesives Market Breakdown by Resin Type
10.3.7.4 France Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.4.1 France Wood Adhesives Market Breakdown by Resin Type
10.3.7.5 Italy Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.5.1 Italy Wood Adhesives Market Breakdown by Resin Type
10.3.7.6 United Kingdom Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.6.1 United Kingdom Wood Adhesives Market Breakdown by Resin Type
10.3.7.7 Russia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.7.1 Russia Wood Adhesives Market Breakdown by Resin Type
10.3.7.8 Rest of Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.3.7.8.1 Rest of Europe Wood Adhesives Market Breakdown by Resin Type
10.4 Asia Pacific
10.4.1 Asia Pacific Wood Adhesives Market Overview
10.4.2 Asia Pacific Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
10.4.3 Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.4.4 Asia Pacific Wood Adhesives Market Breakdown by Resin Type
10.4.4.1 Asia Pacific Wood Adhesives Market Volume and Forecast and Analysis – by Resin Type
10.4.4.2 Asia Pacific Wood Adhesives Market Revenue and Forecast and Analysis – by Resin Type
10.4.5 Asia Pacific Wood Adhesives Market Breakdown by Technology
10.4.5.1 Asia Pacific Wood Adhesives Market Revenue and Forecast and Analysis – by Technology
10.4.6 Asia Pacific Wood Adhesives Market Breakdown by Application
10.4.6.1 Asia Pacific Wood Adhesives Market Revenue and Forecast and Analysis – by Application
10.4.7 Asia Pacific Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.4.7.1 Asia Pacific Wood Adhesives Market Volume and Forecast and Analysis – by Country
10.4.7.2 Asia Pacific Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.4.7.3 Australia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.4.7.3.1 Australia Wood Adhesives Market Breakdown by Resin Type
10.4.7.4 China Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.4.7.4.1 China Wood Adhesives Market Breakdown by Resin Type
10.4.7.5 India Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.4.7.5.1 India Wood Adhesives Market Breakdown by Resin Type
10.4.7.6 Japan Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.4.7.6.1 Japan Wood Adhesives Market Breakdown by Resin Type
10.4.7.7 South Korea Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.4.7.7.1 South Korea Wood Adhesives Market Breakdown by Resin Type
10.4.7.8 Rest of Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.4.7.8.1 Rest of Asia Pacific Wood Adhesives Market Breakdown by Resin Type
10.5 Middle East and Africa
10.5.1 Middle East and Africa Wood Adhesives Market Overview
10.5.2 Middle East and Africa Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
10.5.3 Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.5.4 Middle East and Africa Wood Adhesives Market Breakdown by Resin Type
10.5.4.1 Middle East and Africa Wood Adhesives Market Volume and Forecast and Analysis – by Resin Type
10.5.4.2 Middle East and Africa Wood Adhesives Market Revenue and Forecast and Analysis – by Resin Type
10.5.5 Middle East and Africa Wood Adhesives Market Breakdown by Technology
10.5.5.1 Middle East and Africa Wood Adhesives Market Revenue and Forecast and Analysis – by Technology
10.5.6 Middle East and Africa Wood Adhesives Market Breakdown by Application
10.5.6.1 Middle East and Africa Wood Adhesives Market Revenue and Forecast and Analysis – by Application
10.5.7 Middle East and Africa Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.5.7.1 Middle East and Africa Wood Adhesives Market Volume and Forecast and Analysis – by Country
10.5.7.2 Middle East and Africa Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.5.7.3 South Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.5.7.3.1 South Africa Wood Adhesives Market Breakdown by Resin Type
10.5.7.4 Saudi Arabia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.5.7.4.1 Saudi Arabia Wood Adhesives Market Breakdown by Resin Type
10.5.7.5 United Arab Emirates Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.5.7.5.1 United Arab Emirates Wood Adhesives Market Breakdown by Resin Type
10.5.7.6 Rest of Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.5.7.6.1 Rest of Middle East and Africa Wood Adhesives Market Breakdown by Resin Type
10.6 South and Central America
10.6.1 South and Central America Wood Adhesives Market Overview
10.6.2 South and Central America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
10.6.3 South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.6.4 South and Central America Wood Adhesives Market Breakdown by Resin Type
10.6.4.1 South and Central America Wood Adhesives Market Volume and Forecast and Analysis – by Resin Type
10.6.4.2 South and Central America Wood Adhesives Market Revenue and Forecast and Analysis – by Resin Type
10.6.5 South and Central America Wood Adhesives Market Breakdown by Technology
10.6.5.1 South and Central America Wood Adhesives Market Revenue and Forecast and Analysis – by Technology
10.6.6 South and Central America Wood Adhesives Market Breakdown by Application
10.6.6.1 South and Central America Wood Adhesives Market Revenue and Forecast and Analysis – by Application
10.6.7 South and Central America Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.6.7.1 South and Central America Wood Adhesives Market Volume and Forecast and Analysis – by Country
10.6.7.2 South and Central America Wood Adhesives Market Revenue and Forecast and Analysis – by Country
10.6.7.3 Brazil Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.6.7.3.1 Brazil Wood Adhesives Market Breakdown by Resin Type
10.6.7.4 Argentina Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.6.7.4.1 Argentina Wood Adhesives Market Breakdown by Resin Type
10.6.7.5 Rest of South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
10.6.7.5.1 Rest of South and Central America Wood Adhesives Market Breakdown by Resin Type
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Merger and Acquisition
12.3 Collaboration
12.4 Expansion
12.5 New Product Launch
13. Company Profiles
13.1 Henkel AG & Co KGaA
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 3M Co
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Sika AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Arkema SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Dow Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 H.B. Fuller Company
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Akzo Nobel NV
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Aica Kogyo Co. Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Pidilite Industries Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Mapei SpA
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Jubilant Industries Ltd
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Franklin International
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Jowat SE
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 STAUF Klebstoffwerk GmbH
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 RPM International Inc
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 Huntsman Corp
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
13.17 Follmann GmbH and Co KG
13.17.1 Key Facts
13.17.2 Business Description
13.17.3 Products and Services
13.17.4 Financial Overview
13.17.5 SWOT Analysis
13.17.6 Key Developments
13.18 Bolton Group S.r.l
13.18.1 Key Facts
13.18.2 Business Description
13.18.3 Products and Services
13.18.4 Financial Overview
13.18.5 SWOT Analysis
13.18.6 Key Developments
13.19 Wacker Chemie AG
13.19.1 Key Facts
13.19.2 Business Description
13.19.3 Products and Services
13.19.4 Financial Overview
13.19.5 SWOT Analysis
13.19.6 Key Developments
13.20 IFS Industries Inc
13.20.1 Key Facts
13.20.2 Business Description
13.20.3 Products and Services
13.20.4 Financial Overview
13.20.5 SWOT Analysis
13.20.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. Wood Adhesives Market Segmentation
Table 2. List of Vendors
Table 3. Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 6. Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 7. Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 8. Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 9. North America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 10. North America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 11. North America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 12. North America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 13. North America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 14. North America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 15. United States Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 16. United States Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 17. United States Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 18. United States Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 19. Canada Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 20. Canada Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 21. Canada Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 22. Canada Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 23. Mexico Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 24. Mexico Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 25. Mexico Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 26. Mexico Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 27. Europe Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 28. Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 29. Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 30. Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 31. Europe Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 32. Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 33. Germany Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 34. Germany Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 35. Germany Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 36. Germany Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 37. France Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 38. France Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 39. France Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 40. France Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 41. Italy Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 42. Italy Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 43. Italy Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 44. Italy Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 45. United Kingdom Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 46. United Kingdom Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 47. United Kingdom Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 48. United Kingdom Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 49. Russia Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 50. Russia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 51. Russia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 52. Russia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 53. Rest of Europe Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 54. Rest of Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 55. Rest of Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 56. Rest of Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 57. Asia Pacific Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 58. Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 59. Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 60. Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 61. Asia Pacific Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 62. Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 63. Australia Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 64. Australia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 65. Australia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 66. Australia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 67. China Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 68. China Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 69. China Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 70. China Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 71. India Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 72. India Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 73. India Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 74. India Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 75. Japan Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 76. Japan Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 77. Japan Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 78. Japan Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 79. South Korea Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 80. South Korea Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 81. South Korea Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 82. South Korea Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 83. Rest of Asia Pacific Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 84. Rest of Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 85. Rest of Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 86. Rest of Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 87. Middle East and Africa Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 88. Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 89. Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 90. Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 91. Middle East and Africa Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 92. Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 93. South Africa Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 94. South Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 95. South Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 96. South Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 97. Saudi Arabia Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 98. Saudi Arabia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 99. Saudi Arabia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 100. Saudi Arabia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 101. United Arab Emirates Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 102. United Arab Emirates Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 103. United Arab Emirates Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 104. United Arab Emirates Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 105. Rest of Middle East and Africa Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 106. Rest of Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 107. Rest of Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 108. Rest of Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 109. South and Central America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 110. South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 111. South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 112. South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 113. South and Central America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 114. South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 115. Brazil Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 116. Brazil Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 117. Brazil Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 118. Brazil Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 119. Argentina Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 120. Argentina Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 121. Argentina Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 122. Argentina Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 123. Rest of South and Central America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons) – by Resin Type
Table 124. Rest of South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Resin Type
Table 125. Rest of South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 126. Rest of South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million) – by Application
List of Figures
Figure 1. Wood Adhesives Market Segmentation, by Geography
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis: Wood Adhesives Market
Figure 4. Total Housing Repair and Maintenance (Public and Private) January 2023 to March 2024 in UK
Figure 5. Producer Price Index by Industry: Plastics Material and Resin Manufacturing from 2016 to 2024
Figure 6. Impact Analysis of Drivers and Restraints
Figure 7. Wood Adhesives Market Volume (Kilo Tons), 2021–2031
Figure 8. Wood Adhesives Market Revenue (US$ Million), 2021–2031
Figure 9. Wood Adhesives Market Share (%) – Resin Type, 2023 and 2031
Figure 10. Natural: Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 11. Natural: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Synthetic: Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 13. Synthetic: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Wood Adhesives Market Share (%) – Technology, 2023 and 2031
Figure 15. Solvent-Based: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Water-Based: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Wood Adhesives Market Share (%) – Application, 2023 and 2031
Figure 19. Furniture: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Plywood: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Flooring: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Doors and Windows: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Others: Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Wood Adhesives Market Breakdown by Region, 2023 and 2031 (%)
Figure 25. North America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 26. North America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. North America Wood Adhesives Market Breakdown by Resin Type (2023 and 2031)
Figure 28. North America Wood Adhesives Market Breakdown by Technology (2023 and 2031)
Figure 29. North America Wood Adhesives Market Breakdown by Application (2023 and 2031)
Figure 30. North America Wood Adhesives Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 31. United States Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. Canada Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Mexico Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 34. Europe Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 35. Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 36. Europe Wood Adhesives Market Breakdown by Resin Type (2023 and 2031)
Figure 37. Europe Wood Adhesives Market Breakdown by Technology (2023 and 2031)
Figure 38. Europe Wood Adhesives Market Breakdown by Application (2023 and 2031)
Figure 39. Europe Wood Adhesives Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 40. Germany Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 41. France Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 42. Italy Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 43. United Kingdom Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 44. Russia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 45. Rest of Europe Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 46. Asia Pacific Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 47. Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 48. Asia Pacific Wood Adhesives Market Breakdown by Resin Type (2023 and 2031)
Figure 49. Asia Pacific Wood Adhesives Market Breakdown by Technology (2023 and 2031)
Figure 50. Asia Pacific Wood Adhesives Market Breakdown by Application (2023 and 2031)
Figure 51. Asia Pacific Wood Adhesives Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 52. Australia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 53. China Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 54. India Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 55. Japan Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 56. South Korea Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 57. Rest of Asia Pacific Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 58. Middle East and Africa Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 59. Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 60. Middle East and Africa Wood Adhesives Market Breakdown by Resin Type (2023 and 2031)
Figure 61. Middle East and Africa Wood Adhesives Market Breakdown by Technology (2023 and 2031)
Figure 62. Middle East and Africa Wood Adhesives Market Breakdown by Application (2023 and 2031)
Figure 63. Middle East and Africa Wood Adhesives Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 64. South Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 65. Saudi Arabia Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 66. United Arab Emirates Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 67. Rest of Middle East and Africa Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 68. South and Central America Wood Adhesives Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 69. South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 70. South and Central America Wood Adhesives Market Breakdown by Resin Type (2023 and 2031)
Figure 71. South and Central America Wood Adhesives Market Breakdown by Technology (2023 and 2031)
Figure 72. South and Central America Wood Adhesives Market Breakdown by Application (2023 and 2031)
Figure 73. South and Central America Wood Adhesives Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 74. Brazil Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 75. Argentina Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 76. Rest of South and Central America Wood Adhesives Market – Revenue and Forecast to 2031 (US$ Million)
Figure 77. Heat Map Analysis by Key Players
Figure 78. Company Positioning & Concentration
The List of Companies - Wood Adhesives Market
- Henkel AG and Co KGaA
- 3M Co
- Sika AG
- Arkema SA
- Dow Inc
- H.B. Fuller Company
- Akzo Nobel NV
- Aica Kogyo Co. Ltd
- Pidilite Industries Ltd
- Mapei SpA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
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As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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