Wood Adhesives Market, 2022 Technology Advancements and Research

The market for wood adhesives is expected to grow at a CAGR of about 4% globally during the forecast period. Wood Adhesives Market Overview: Wood adhesives are required for many wood assembly applications such as: B. Gluing edges, inserting dowels, gluing miters, connecting tongue and groove, and joining fingers. A variety of adhesives are used in woodworking applications, ranging from natural to synthetic, offering adhesion and other properties according to specific needs. Consumer spending on home décor and fine furnishings is on the rise as interest in improving living standards increases. As a result, the demand for aesthetically pleasing timbers such as lumber, plywood has increased significantly. Recent Development: In May 2021, Henkel invested in a new innovation center in Shanghai, China. The expansion aims toward strengthening its position in the APAC market. In February 2020, Henkel upgraded its innovation center in Sydney to enhance R&D.