Wood to Metal Glue Market Forecast and CAGR
According to the latest research by Fact.MR, wood to metal glue market is set to witness steady growth during 2021-2031. In short term, the demand is expected to increase at a steady pace and in the long run sales of this glue is expected to grow at a moderate CAGR.
As the furniture industry is on the rise and newer designs of furniture being consistently introduced in the market, the sales of these glues will see a rise during the forecast period.
What factors will influence the demand for wood to metal glue?
It is not an easy task to glue wood to metal, they both have different properties and density because that wood can expand or shrink more than metal depending on the environment. But as the demand for this process is growing across the globe, new glues which can do these jobs are getting introduced and the sales of these glues are increasing.
The furniture industry is growing at a tremendous pace and with that new advanced furniture is introduced to consumers on daily basis and with that, the need to glue wood to metal has increased in the industry. With the demand for furniture projected to rise in the future, this will impact the sales of these glues as well.
These glues are also used heavily in the construction industry, they have much application for windows and doors, for interior design and more. For interior design consumers are preffering to see wood glued to metal instead of drilling. As the construction industry around the world is seeing a rise, the demand for these glues will also increase with it during the forecast era.
When the wood is glued to the metal, it has many advantages like resisting heavy vibration and shock, prevent corrosion, reduce the force of an impact to metal and save it from getting damaged. With all these benefits the consumers are trying to use wood with metal more and more, which in turn will drive the demand of these glues.
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Impact of Covid-19 on wood to metal glue market
Due to the global Covid-19 pandemic the glue industry took a hit, due to government-imposed lockdowns and social distancing, the furniture industry & constructions were held in almost all parts of the world and there was a decline in demand for these glues.
But with the ease in lockdown, consumers started spending on furniture and constructions industry is also booming. Further, construction of industrial buildings as well and most of these new construction sites will require these glues, and due to this it is projected that demand of these adhesive would rise by the second quarter of 2022.
Asian Countries wood to metal glue market outlook
Asia has the biggest region for sales wood to metal glue, this is because the disposable income of the residents in the region has been on the rise and people are spending more on furniture and interior design valuables for their home and office spaces and this is driving the sales of these glues in the region.
China is the biggest contributor for the glue which are used for wood to metal in the region. This is since, ingredients needed in the making for these glues are easily available in the country. So, manufacturing of these glues is not that costly and that is why most of the key manufacturer for these glues reside in china or nearby countries.
The furniture industry in countries like Japan, Korea, Indonesia and India have been on the rise and this is helping the growth of these glues in the region These glues are also made in Indonesia and easily available in the country, which also exports these glues along with China to most parts of the world.
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US and Western European Countries wood to metal glue market outlook
The United States of America is the biggest economy in the world, the construction industry is seeing a rise in recent years. Further, the demand for better and improved residential place and infrastructure is increasing and this is influencing the sales of these glue in the country.
In European countries like UK, Germany, France and others, the furniture industry has seen a rise but at a comparatively slower rate, compared to the other parts of the world. But as new designs are being introduced, it is projected that the industry will see a steady rise and this will improve the sales of these glues in the region.
Who are the Key Manufacturers and Suppliers of Wood to Metal Glue?
Some of the leading manufacturers and suppliers of wood to metal glue include
- BASF SE
- 3M Company
- Arkema Group
- Evonik Industries
- The Dow Chemical Company
- Chang Chun Plastic Company Ltd
- Aditya Birla Chemicals
- Jiangsu Sanmu Group
- Cukdo Chemical
- Huntsman Corporation
- DIC corporations
Manufacturers are spending to improve the glue, to make it last longer and to make the hold between wood and metal even stronger. They are spending to make these glues with more tensile strength, and water resistance, and working on the development of glue which will hold its adhesiveness in extreme temperature as well.
An Adaptive Approach to Modern-day Research Needs
Wood to metal glue Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Product Type
- Solvent Borne Glue
- Water-Borne Glue
- Hot-Melt Borne Glue
- Furniture Industry
- Construction Industry
- Art & Craft Industry
By Distribution Channel
- Online Channel
- Manufacturers website
- Third Party Website
- Offline Channel
- Department Store
- Specialty Store
- Super Markets
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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