Market Overview:
The global furniture adhesives market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for furniture adhesives from various end-use industries, such as kitchen furniture, living room furniture, and other applications. In terms of type, the solvent-based segment is expected to lead the global market during the forecast period due to its high adhesive strength and water resistance properties. However, water-based adhesives are gaining popularity among consumers owing to their environmental friendly nature and low VOC emissions.
Product Definition:
Furniture adhesives are used to bond two or more pieces of furniture together. The adhesive can be used to attach a tabletop to the base of a chair, for example, or to glue two pieces of wood together. Furniture adhesives are important because they provide a strong bond that can hold up under pressure and stress.
Solvent-Based:
Solvent-based adhesives have been around for a long time. They are the most common type of adhesive used in furniture manufacturing. The reason being, they offer high bonding power and strong mechanical strength to wood or any other material with ease.
They are also called as solvent-based polyurethane adhesives (SPU). SPU’s can be segmented into two types based on their molecular structure: linear and cross-linked.
Water-Based:
Water-based adhesives are widely used in the furniture industry owing to their characteristics such as high performance, eco-friendly nature and low VOC content. The water-based adhesive technology is gaining popularity over other conventional products due to its environment friendly nature. These products are replacing solvent based products in the furniture industry on account of their better performance and lower environmental impact.
The global water based adhesives market size was valued at USD 1,19 billion in 2016.
Application Insights:
The kitchen furniture segment accounted for the largest share in the global furniture adhesives market in 2017. The growing trend of home cooking and dining out is expected to be a key factor driving product demand. Furthermore, rising disposable income levels among working class people in developing countries including China and India is expected to increase spending on kitchen appliances including cookware, utensils, etc., which will further propel industry growth over the forecast period.
Living room furniture was another prominent application segment that accounted for significant market share in 2017 owing to increasing consumer preference for premium quality products with enhanced features at affordable prices. Furniture manufacturers are increasingly using high-performance adhesives as they offer cost-effective solutions while maintaining excellent aesthetics along with ease of installation/removal and durability over time. Other than living room applications include bedroom accessories (beds), bathroom accessories (toiletries) such as shower walls & doors, bathtubs & wash basins among others (sofa).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for approximately 45% of global population, 40% of global GDP, and 50% of global furniture production. China being one of the top three exporters along with Germany and U.S., has a significant impact on overall industry dynamics across Asia Pacific region.
The growing middle-class population in developing countries including India and Thailand is expected to be a key factor driving demand over the next eight years from 2018 to 2030 as these countries are adopting western culture more frequently which includes purchasing household products such as bedroom furniture such as beds, dressers, closets etc.; hence increasing spending power thus fueling growth across this region during this period.
North America emerged as second major consumer due to high disposable income coupled with increased awareness regarding quality products among consumers especially in U.S.
Growth Factors:
- Increasing demand from the construction industry for adhesives in furniture manufacturing is expected to drive the growth of the global furniture adhesive market during the forecast period.
- The increasing demand for customized and designer furniture is also projected to fuel the growth of this market in the near future.
- Growing awareness about environment-friendly adhesives is another key factor that is anticipated to propel the growth of this market in years to come.
- Rising disposable income of consumers across different regions is also expected to boost demand for furniture adhesives in coming years. 5) Technological advancements leading to development of new and innovative adhesive products are likely to create new opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Furniture Adhesives Market Research Report
By Type
Solvent-Based, Water-Based, Solventless
By Application
Kitchen Furniture, Living Room Furniture, Other
By Companies
Henkel AG, H.B. Fuller, 3M, Ashland, Sika, Dow Chemical, AkzoNobel, Bostik SA, Pidilite Industries, LORD Corp, Wacker Chemie AG, Huntsman, ThreeBond, Avery Dennison, Franklin International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Furniture Adhesives Market Report Segments:
The global Furniture Adhesives market is segmented on the basis of:
Types
Solvent-Based, Water-Based, Solventless
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Kitchen Furniture, Living Room Furniture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Henkel AG
- H.B. Fuller
- 3M
- Ashland
- Sika
- Dow Chemical
- AkzoNobel
- Bostik SA
- Pidilite Industries
- LORD Corp
- Wacker Chemie AG
- Huntsman
- ThreeBond
- Avery Dennison
- Franklin International
Highlights of The Furniture Adhesives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent-Based
- Water-Based
- Solventless
- By Application:
- Kitchen Furniture
- Living Room Furniture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Furniture Adhesives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Furniture adhesives are a type of adhesive that is used to attach furniture to the wall or floor. Furniture adhesives are available in a variety of colors and can be used on both wood and metal surfaces.
Some of the key players operating in the furniture adhesives market are Henkel AG, H.B. Fuller, 3M, Ashland, Sika, Dow Chemical, AkzoNobel, Bostik SA, Pidilite Industries, LORD Corp, Wacker Chemie AG, Huntsman, ThreeBond, Avery Dennison, Franklin International.
The furniture adhesives market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Furniture Adhesives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Furniture Adhesives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Furniture Adhesives Market - Supply Chain
4.5. Global Furniture Adhesives Market Forecast
4.5.1. Furniture Adhesives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Furniture Adhesives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Furniture Adhesives Market Absolute $ Opportunity
5. Global Furniture Adhesives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Furniture Adhesives Market Size and Volume Forecast by Type
5.3.1. Solvent-Based
5.3.2. Water-Based
5.3.3. Solventless
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Furniture Adhesives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Furniture Adhesives Market Size and Volume Forecast by Application
6.3.1. Kitchen Furniture
6.3.2. Living Room Furniture
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Furniture Adhesives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Furniture Adhesives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Furniture Adhesives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Furniture Adhesives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Furniture Adhesives Demand Share Forecast, 2019-2026
9. North America Furniture Adhesives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Furniture Adhesives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Furniture Adhesives Market Size and Volume Forecast by Application
9.4.1. Kitchen Furniture
9.4.2. Living Room Furniture
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Furniture Adhesives Market Size and Volume Forecast by Type
9.7.1. Solvent-Based
9.7.2. Water-Based
9.7.3. Solventless
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Furniture Adhesives Demand Share Forecast, 2019-2026
10. Latin America Furniture Adhesives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Furniture Adhesives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Furniture Adhesives Market Size and Volume Forecast by Application
10.4.1. Kitchen Furniture
10.4.2. Living Room Furniture
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Furniture Adhesives Market Size and Volume Forecast by Type
10.7.1. Solvent-Based
10.7.2. Water-Based
10.7.3. Solventless
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Furniture Adhesives Demand Share Forecast, 2019-2026
11. Europe Furniture Adhesives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Furniture Adhesives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Furniture Adhesives Market Size and Volume Forecast by Application
11.4.1. Kitchen Furniture
11.4.2. Living Room Furniture
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Furniture Adhesives Market Size and Volume Forecast by Type
11.7.1. Solvent-Based
11.7.2. Water-Based
11.7.3. Solventless
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Furniture Adhesives Demand Share, 2019-2026
12. Asia Pacific Furniture Adhesives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Furniture Adhesives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Furniture Adhesives Market Size and Volume Forecast by Application
12.4.1. Kitchen Furniture
12.4.2. Living Room Furniture
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Furniture Adhesives Market Size and Volume Forecast by Type
12.7.1. Solvent-Based
12.7.2. Water-Based
12.7.3. Solventless
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Furniture Adhesives Demand Share, 2019-2026
13. Middle East & Africa Furniture Adhesives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Furniture Adhesives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Furniture Adhesives Market Size and Volume Forecast by Application
13.4.1. Kitchen Furniture
13.4.2. Living Room Furniture
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Furniture Adhesives Market Size and Volume Forecast by Type
13.7.1. Solvent-Based
13.7.2. Water-Based
13.7.3. Solventless
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Furniture Adhesives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Furniture Adhesives Market: Market Share Analysis
14.2. Furniture Adhesives Distributors and Customers
14.3. Furniture Adhesives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Henkel AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. H.B. Fuller
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. 3M
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ashland
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sika
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dow Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AkzoNobel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bostik SA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pidilite Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LORD Corp
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wacker Chemie AG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Huntsman
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ThreeBond
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Avery Dennison
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Franklin International
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
