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Adhesive Resin Market Regional Analysis
Adhesive Resin Market, by Type (Polyacrylic Ester (PAE), Polyvinyl Acetate (PVA), Vinyl Acetate Ethylene (VAE), Synthetic Rubber (SBS, CR & SIS), Polyamide, Ethylene Vinyl Acetate (EVA), and Others), Technology (Water-Based, Solvent-Based, Hot Melt, Reactive, and Others), Application (Paper & Packaging, Building & Construction, Woodworking, Transportation, and Others), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Market Overview
The Adhesive Resin market size was estimated at USD 14.33 billion in 2023 and is projected to reach USD 18.87 billion in 2030 at a CAGR of 4.01% during the forecast period 2023-2030.
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Adhesive resin is a carboxylic acid-based precursor plastic compound used to create polymers and adhesives for a variety of applications, including dental work, pressed building board composites, and regular household glues. The construction sector consumes a major portion of the adhesive resin that the oil industry produces, such as urea-formaldehyde, which is mostly used to assemble particle board, fibreboard, and plywood components. Over 80% of all items that need resins employ urea-formaldehyde, the industry leader in adhesive resins
The market is expanding as a result of the rising demand for adhesive resins in transportation and consumer applications. The expansion of activity in the construction and building industry is also having a favourable influence on market growth as a result of infrastructure development. The most recent developments in commercial adhesive resin technology, as well as the trend toward sustainable building and the growth of smart cities, will help to drive demand.
On the other hand, it is anticipated that factors including raw material price volatility and onerous and time-consuming regulatory procedures might slow down the growth of the market throughout the forecast period. Additionally, decreased stability at high temperatures, relative weakness in attaching big items with a limited bonding surface area, and increased difficulty in detaching objects during testing are the possible inhibitors to the overall growth of the adhesive resin market.
The COVID-19 pandemic has had a significant impact on the growth of the market. The pandemic led to decrease in demand for adhesive resins in a number of industries, such as automotive, construction, and packaging industries. This is due to the fact that these industries were negatively impacted by the pandemic. Moreover, the pandemic disrupted the global supply chains, making it difficult for manufacturers to get the raw materials they need to produce adhesive resins.
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Delvens Industry Expert's Standpoint
The adhesive resin market is expected to grow during the forecast period. This growth can be attributed to several factors such as rising demand for adhesive resins in transportation and consumer applications, the expansion of activity in the construction and building industry and the growth of smart cities. However, raw material price volatility, onerous and time-consuming regulatory procedures, decreased stability at high temperatures, relative weakness in attaching big items with a limited bonding surface area, and increased difficulty in detaching objects during testing might slow down the growth of the market during the forecast period.
Key Findings
Based on Resin Type, the market is bifurcated into Polyacrylic Ester (PAE), Polyvinyl Acetate (PVA), Vinyl Acetate Ethylene (VAE), Synthetic Rubber (SBS, CR & SIS), Polyamide, Ethylene Vinyl Acetate (EVA), and Others. Polyacrylic Ester dominated the market in this segment. Excellent water resistance, superior impact strength, and great bonding qualities all contribute to the polyacrylic ester (PAE) segment's high demand.  
Based on Technology, the market is bifurcated into Water-Based, Solvent-Based, Hot Melt, Reactive, and Others. Water-based Adhesive Technology dominated the market in this segment. The range of applications for water-based technology has expanded because to features including higher moisture resistance than other adhesives and technical improvement.  
Based on Application, the market is bifurcated into Paper & Packaging, Building & Construction, Woodworking, Transportation, and Others. Building & Construction dominated the market in this segment. The expansion of the building and construction sector has been positively impacted by government incentives and support for first-time homeowners in both developed and emerging nations. The demand is growing because to the rising infrastructure and building investment in developing nations.  
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period because of the increasing number of building and construction projects within the region.
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Regional Analysis
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period because of the increasing number of building and construction projects within the region.
Moreover, rapid industrialization and urbanization are expected to drive the growth of the market further during the forecast period.
Competitive Landscape
Alchemie Ltd.
Ashland Global
Dow
DuPont
Eastman Chemical Company
Evonik Industries
ExxonMobil Chemical Company
Georgia-Pacific Chemicals LLC
Lawter Capital B.V.
LD Davis
Mechemco
Mitsubishi Chemical Corporation
National Adhesives & Polymers
Polygon Adhesives & Resins Pvt.Ltd.
Resinall Corp
Resins & Plastics Limited
SATYEN POLYMERS PVT. LTD.
STAR SPECIALTIES POLYMERS PVT. LTD
Yparex B.V.
Recent Developments
In December 2022, Cray Valley has introduced its latest hydrocarbon resin – Wingtack 20, a viscous liquid aliphatic resin with high flash point and low color.  
In June 2021, Kolon Industries Inc., a textile and chemical materials maker, announced on Wednesday that it had applied for a patent for an eco-friendly adhesive resin developed using wood byproducts, a first in South Korea.
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Reasons to Acquire
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.  
Gain authentic and granular data access for the Adhesive Resin Market to understand the trends and the factors involved in changing market situations.  
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.  
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Report Scope
The Adhesive Resin Market is segmented into various segments such as type, technology, application, and region:
Based on Type
Polyacrylic Ester (PAE)
Polyvinyl Acetate (PVA)
Vinyl Acetate Ethylene (VAE)
Synthetic Rubber (SBS, CR & SIS)
Polyamide
Ethylene Vinyl Acetate (EVA)
Others
Based on Technology
Water-Based
Solvent-Based
Hot Melt
Reactive
Others
Based on Application
Paper & Packaging
Building & Construction
Woodworking
Transportation
Others
Who We Are
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Wood Adhesives Market Comprehensive Analysis and Future Estimations with Top Key Players
The research reports provide deep insights into the global market revenue, market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of   Wood Adhesives  market during the forecast period, i.e., 2022–2030. The report, most importantly, identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application type, technology type, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors, including but not limited to supply chain management, distribution Trade, channels, supply and demand, and production capability differ across countries.
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 Wood Adhesives  Market Company Profiles Analysis:
Henkel AG ( Düsseldorf, Germany)
Sika AG(Baar, Switzerland)
The 3M Company(Saint Paul, Minnesota, United States)
Arkema(Colombes, France).
Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘ Wood Adhesives  Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.
Market Segmentation:
Wood Adhesives Market Size, Share & Trends Analysis Report by Resin Type (Natural & Synthetic), Technology (Solvent-based, Water-based, Solventless), Application (Flooring & Deck, Plywood, Furniture, Cabinet, Particle Board, Window & Door) Global Industry Insights, Trends, and Forecast, 2021-2028.
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Regional Framework
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global  Wood Adhesives  Market based on various segments. It also provides market size and forecast estimates from the year 2022 to 2028 with respect to five major regions. The  Wood Adhesives  Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The  Wood Adhesives  Market Report:
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
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Icon Market Research is a one-stop industry research provider of actionable intelligence. Through our syndicated and consulting research services, we help our clients get solutions to their research requirements. We specialise in industries such as Semiconductor and Electronics, Aerospace and Défense, Energy, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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Major Features of  Wood Adhesives  Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global  Wood Adhesives  market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global  Wood Adhesives  market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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manideep8 · 2 years
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Particle Board Market Report – Forecast (2022 - 2027)
The Particle Board Market size is projected to reach US$27.2 billion by 2027, after growing at a CAGR of 3.8% during the forecast period 2022-2027. Particle board, also known as low-density fiberboard or chipboard, is an engineered wood product produced from wood chips, synthetic resin such as urea formaldehyde-based resins and lignin and other suitable binders. The growing furniture industry is anticipated to drive the demand for particle boards. Moreover, the increasing maintenance, remodeling, renovation and repair activities are anticipated to boost the growth of the particle board industry in the forecast period. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in building & construction, furniture and other end-use industries all across the world, which had a significant impact on the growth of the Particle Board market size.
Particle Board Market Report Coverage
The “Particle Board Market Report – Forecast (2022 - 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Particle Board industry.
By Raw Materials : Wood, Bagasse and Others. By Product Type : Fire-Resistant Particle Board, Moisture-Resistant Particle Board and Raw Particle Board. By Application : New Construction and Renovation/Remodeling. By End-use Industry : Furniture and Building & Construction (Residential Construction, Commercial Construction, Industrial and Infrastructure). By Geography : North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).
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Key Takeaways
The Asia-Pacific region dominates the Particle Board Market, owing to the rising growth in the building & construction industry. For instance, according to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 trillion.
Rapidly rising demand for Particle Boards in the furniture industry for wooden furniture has driven the growth of the Particle Board market.
The increasing demand for Particle Boards in the maintenance, remodeling, renovation and repair activities, due to its usage in wooden applications such as flooring, paneling and other applications has been a critical factor driving the growth of the particle board market in the upcoming years.
However, the problems associated with Particle Boards such as low strength and low density as compared to other fiberboards can hinder the growth of the particle board market.
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Particle Board Market Segment Analysis – by Application
The new construction segment held the largest Particle Board Market share in 2021 and is expected to grow at a CAGR of 3.9% during the forecast period 2022-2027. This is due to a significant rise in the building of new residential, commercial and industrial establishments across the globe. Particle board, also known as low-density fiberboard, is utilized in new construction interior cupboards, furniture and work surfaces. It is also used in the panels of walls and floors. In 2019, Larsen & Toubro, in India, won contracts for building hospitals, commercial complexes and manufacturing capacity. The orders ranged from Rs.2,500 crores (US$336.6 million) to Rs.5000 crores (US$673.2 million). Moreover, in 2021, Parque Arauco-subsidiary Inversiones Colombianas Arauco, signed a term sheet with the real estate developer and contractor IC Constructora (IC) to build a new residential property in Colombia. Thus, such rising new constructions would drive the demand for Particle Boards in various applications and would raise the growth of the market over the forecast period.
Particle Board Market Segment Analysis – by End-use Industry
The building & construction industry held the largest Particle Board Market share in 2021 and is estimated to grow at a CAGR of 4.2% during the forecast period 2022-2027. In the building & construction industry, particle board produced from wood chips, synthetic resin such as lignin and other suitable binders is used as false ceiling material, as a base for doors, flooring, flooring underlayment, partitions, storage unit, cabinets, tables, racks and other applications. According to the U.S Department of Commerce, the privately-owned housing units authorized by building permits in March 2022 were around 1,873,000 which was 0.4% above 1,865,000 units in February 2022 and 6.7% above 1,755,000 units (approximately) in March 2021. Moreover, according to Statistics of Japan, the number of construction contract orders went from 60,046,960 units in 2020 to 63,610,223 in 2021 and witnessed a growth in 2021 (Jan-July) compared to 2020(Jan-July). Thus, the growing building & construction industry would require more particle boards for wooden applications, which would drive the demand for Particle Board market growth during the forecast period.
Particle Board Market Segment Analysis – by Geography
The Asia-Pacific region dominated the Particle Board Market with a 42% share in the year 2021. This was due to the increasing requirement for particle boards in developing countries such as China, Japan, India and South Korea. China is expected to continue its dominance in the particle board market during the forecast period. This is due to the growth of the building & construction industry in the country. For instance, according to International Trade Administration (ITA), China is the world’s largest construction market and is forecasted to grow at an annual average growth of 8.6% between 2022 and 2030. Moreover, according to the Australian Government, the building & construction sector remains healthy in Singapore, with strong government spending on public infrastructure of about US$2 billion (US$1.43 billion) in contracts being awarded each month. Such increasing building & construction activities in the APAC countries are anticipated to increase the demand for Particle Board applications in the forecasted period and are proving to be a market booster for the Particle Board market size in this region.
Particle Board Market Drivers
Growing Furniture Industry:
Due to the changing lifestyle, the preference for furniture style and concepts related to interiors of homes, offices and flats are changing continuously. This is expected to increase the production of furniture, globally. In the new and renovated buildings, particle boards (also known as low-density fiberboard) are utilized in wall paneling, flooring underlayment, cubical partitioning and furniture. Industrial, residential and commercial facilities are increasing, which is driving the demand for furniture. According to Invest India, the Indian furniture market was valued at US$17.4 billion in 2021. It is predicted to reach US$37.7 billion by 2026, growing at a double-digit CAGR of 13.37% during 2020-2026. Also, in January 2022, Ashley furniture industries acquired the western division assets of Springfield, Missouri-based Wilson Logistics. Moreover, in 2021, according to the government of Mexico, the revenue in the furniture industry is estimated to reach US$1,868 million in 2022. Thus, the growing furniture industry would drive the demand for Particle Board, utilized for furniture manufacturing. This would drive the growth of the Particle Board industry.
Growing Activities of Maintenance, Remodeling, Renovation and Repair:
Particle boards are used excessively for the purpose of maintenance, remodeling, renovation and repair, in residential and non-residential buildings, such as independent homes, row homes and commercial and industrial buildings. They are utilized in flat-pack furniture, interior cupboards, work surfaces and for the paneling of walls and floors. The activities of renovation, remodeling and maintenance are increasing, for instance, in 2021, PPG Industries Inc. invested US$111.2 million in products and services, for the renovation project at Guardian Angel Autism Rehabilitation Center in Tianjin, China. Moreover, in 2021, according to the government of Canada, in over 360 projects, the governments of Canada and Alberta invested US$31.9 million, for the maintenance of housing for seniors and families in 95 communities. Thus, such initiatives for the maintenance, remodeling, renovation and repair activities, are driving the market growth.
Particle Board Market Challenges
Problems Associated with Particle Board:
Particle Board has various advantages. However, it has low strength as compared to other fiberboards. It also comprises low density. Therefore, it can get damaged easily. In presence of moisture, particle board warps and expands and extreme conditions can create discoloration. These boards have less durability and low life as compared to plywood and medium-density fiberboard. It cannot support heavy loads as it is weak in strength and can be toxic, as they are produced using a synthetic resin such as urea formaldehyde resin and lignin, which is the source of formaldehyde gas. The resin can break down and release formaldehyde gas, even after years of installation, which are carcinogenic for humans. Thus, the problems associated with Particle Boards would create hurdles for the market's growth.
Particle Board Market Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies players adopt in the Particle Board markets. The top 10 companies in the particle board market are:
Timber Products Company
Greenlam
Uniboard
Dakota Premium Hardwoods
EGGER
Boise Cascade, D&R Henderson Pty. Ltd.
Green Land Particle Board
Century Plyboards India Ltd.
Krifor Industries
Shell Laminates Pvt. Ltd.
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Recent Developments
In December 2021, Greenlam invested Rs.950 crore (US$118 million) in a new plant for plywood and Particle Board. The investments in the new laminate plant and Particle Board would be done by Greenlam South Ltd., an Andhra Pradesh (India)-based, fully owned subsidiary of Greenlam Industries.
In December 2020, Maple Panel launched a new range of Treelogy Particle Boards and Swiss Ply, which is 2.5% virus free and has a special anti-bacterial coating that provides protection against bacteria as well as other microorganisms.
In September 2020, EGGER completed its first raw Particle Board production, marking the start of operations at its new manufacturing facility in Lexington, United States.
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amaramurray21 · 3 years
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Particle Board Market Research Report, Size, Share, Trends and Forecast to 2026
According to the latest report by IMARC Group, titled “Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global particle board market reached a value of US$ 21 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Particle board, or low-density fiberboard (LDF), is made from wood chips, sawdust, sawmill shavings, synthetic resin, or other suitable binders, which are extruded and pressed. Numerous product variants are available based on size, the geometry of particles, density, and amount of adhesive used. Particle boards are affordable, easy to install, lightweight, have a uniform surface, provide aesthetic value, etc. They are extensively used as building materials for infrastructure, furniture, and concert venues and recording studios.
The expanding construction industry represents one of the primary factors driving the market for particle boards. This material is environmentally friendly and requires minimal maintenance. Furthermore, particle boards have thermo-acoustic insulation properties and can be used in speakers and false ceilings of theaters, auditoriums, etc. Besides this, particle boards find wide applications in windows, kitchen cabinets, modular partition systems, doors, window/ floor coverings, etc., which is catalyzing the market growth. Additionally, improving living standards and shifting consumer preferences are encouraging consumers to opt for furniture made with particle boards, which will continue to strengthen the market growth in the coming years.
Particle Board Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global particle board market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the global particle board market on the basis of sector, application and region.
Breakup by Sector:
New Construction
Replacement
Breakup by Application:
Residential
Commercial
Breakup by Region:
Asia Pacific
North America
Europe
Latin America
Middle East and Africa
Explore Full Report with TOC & List of Figure https://www.imarcgroup.com/particle-board-market
Key highlights of the report:            
Market Performance (2015-2020)
Market Outlook (2021-2026)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us                              
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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marvilalit22 · 4 years
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COVID-19 Impact on Particle Board Market  2019 Analysis & Forecast To 2025 By Key Players, Share, Trend, Segmentation
Market Research Future published a research report on “Particle Board Market Research Report - Global Forecast 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Market Highlights
The global particle board market is expected to register a significant growth rate during the forecast period, owing to the changing lifestyles and the increasing young population. This is attributed to the growing demand for readymade furniture, which, in turn, creates a need for particle boards that are used for manufacturing furniture, owing to their cost-effectiveness and easy availability.
The global particle board market has been segmented based on raw material type, product type, application, and region. By raw material type, the global particle board market is segmented into wood, bagasse, and others. The wood segment is further sub-segmented into sawdust, shavings, flakes, and chips. By product type, the COVID-19 Impact on Particle Board Market is segmented into fire-resistant particle board, moisture-resistant particleboard, and raw particleboard. Based on application, the global particle board market is segmented into construction, furniture, infrastructure, and others.
The COVID-19 Impact on Particle Board Market was valued at ~USD 19.3 billion in 2018, is expected to witness a CAGR of around 6.1% during the forecast period.
Key Players
The Prominent Players in the Global Particle Board Market include Timber Products Company, Roseburg, Uniboard, Associate Decor Limited, Boise Cascade, D&R Henderson Pty Ltd, Dakota Premium Hardwoods, Green Land Particle Board, Century Plyboards India Ltd., Krifor Industries, Shell Laminates Pvt. Ltd, DMK Particleboard LLP, Kunnathan Chip Board Pvt. Ltd, Action TESA, and FA Mitchell.
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Segments:
This study provides an overview of the global particle board market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for Europe, Asia-Pacific, North America, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global particle board market by raw material type, product type, application, and region.
By Raw Material
WoodSawdust
Shavings
Flakes
Chips
Bagasse
Others
By Product Type
Fire-Resistant Particle Board
Moisture-Resistant Particle Board
Raw Particle Board
By Application
Construction
Furniture
Infrastructure
Others
By Region
North America
Asia-Pacific
Europe
Middle East & Africa
South America  
Market Research Analysis:
Based on the region, the particle board market has been segmented into Europe, Asia-Pacific, North America, South America, and the Middle East & Africa. In 2018, Asia-Pacific dominated the market in terms of growth rate primarily due to the growth in the wood panel industry in China and India. The furniture industry in Asia-Pacific is rapidly growing due to the growing population and economic development, which is boosting the growth of the domestic particle board market. Moreover, the busy lifestyles and the rising purchasing power in the developing countries, along with the increasing adoption of cost-effective solutions among consumers is also expected to drive the market growth in Asia-Pacific.
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Table of Content:
Chapter 1: Particle Board Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Particle Board Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Particle Board Market Effect Factors Analysis
Chapter 12: Global Particle Board Market Forecast
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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marketreports123 · 2 years
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Particle Board Market In India to grow by $ 530.26mn | Key Drivers and Trends | Technavio
According to Technavio, the particle board market in india size is expected to value at $ 530.26 mn during 2022-2026. The market sizing analysis in the report reveals that the market growth will progressing at a CAGR of  5.35%. The report offers exclusive detailed COVID-19 impact study, which majorly highlights  vendor performance and new business opportunities during and post pandemic period.
Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment - Download Free Sample Report.
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Particle Board Market in India Trends & Drivers
The particle board market in india research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as increasing demand for furniture from the office space and hospitality sectors in india, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.  
Know more about COVID-19 Crisis and Recovery Analysis? Request Free Sample Research Report
The particle board market in india has also explored key trends such as rising number of infrastructural and construction activities, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Particle Board Market In India: Segmentation Analysis
This market research report segments the particle board market in india by End-user (Residential, Commercial, and Industrial) and Distribution channel (Offline and Online).
The India region led the particle board market in india in 2022, followed by respectively. During the forecast period, the India region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
Market Drivers
Market ChallengesMarket TrendsVendor Landscape
Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario
0 notes
marketinsightshare · 3 years
Text
Wood Based Panel Market Size Forecast to Reach $224.8 Billion by 2026
Wood Based Panel market size is forecast to reach US$224.8 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. The Wood Based Panel products are flat, sometimes curved, sheets made from wood-based materials that are bonded together with synthetic adhesives such as urea-formaldehyde adhesives, and phenol-formaldehyde resins. Low product cost coupled with superior properties including strength and durability is the key factor driving the demand for wood-based panels for ceiling, cladding, roofing, flooring and furniture applications. The market is witnessing an increase in demand, due to the construction industry's growth, where the product finds extensive applications. The latest trends, such as lightweight wood products and furniture and innovations in the surfacing technology to apply coating materials, are expected to drive the Wood Based Panel market substantially during the forecast period.
COVID-19 Impact
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Respondents from all segments of the wood value chain saw digital technology adoption as the most important metric in a medium- to long-term recovery strategy. Other measures include increased resource efficiency, worker inclusion in social protection and  health care facilities, labor-saving technology, and industrial certification. The intensity of impact were not homogeneous, with one sector (pulp and paper) reporting a positive impact. Although it is too soon to assess the long-term impact of response measures, the wood sector may emerge from the crisis.
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Report Price: $ 4500 (Single User License)
Wood Based Panel Market Segment Analysis – By Type
The Particle wood segment held the largest share of 33%in the Wood Based Panel market in 2020. Particle Board is a composite panel product consisting of cellulosic particles of various sizes that are bonded together with synthetic adhesives under heat and pressure. Particle Board has excellent machining characteristics, which is important when post-forming high pressure laminate countertops. Particle Board is used extensively in residential kitchens, playing a role in cabinets, shelving, countertops and floor underlayment. The American National Standard for Particleboard (ANSI A208.1) is the North American industry voluntary standard that classifies particle Board by physical, mechanical and dimensional characteristics as well as formaldehyde levels. Particle Boards are lightweight, require no nails, and can be shipped or stored in only about 25 percent of the space required for standard lumber pallets. Due to this a number of opportunities are developing in shipping and packaging application.Thus,wood based panel Market will potentially grow in the forecast period.  
Wood Based Panel Market Segment Analysis – By Application
Furniture segment held the largest share in the Wood Based Panel market in 2020 and is growing at a CAGR of 6.8% during 2021-2026. Furniture made from Particle Board and Medium Density Fibre (MDF) are  moderate density fiberboard, so its raw materials and processing costs are not low, and the furniture price is relatively moderate. It meets the consumption requirements of various consumer classes. Hardwoods are commonly used in the construction of walls, ceilings and floors, while softwoods are often used to make doors, furniture and window frames. Plywood has a huge range of application within the construction industry. Some of its most common uses are, external walls formwork, or a mould for wet concrete furniture, cupboards, kitchen cabinets, and office tables, for packaging light doors and shutters. Plywood as a building material is formed into large sheets and also be curved for use in ceilings, aircraft, or ship building.
Wood Based Panel Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Wood Based Panel market in 2020 up to 42%, owing to the huge demand for furniture, and construction industries due to vast population in the region. According to FAO’s (Food and Agriculture Organization of United Nations) forest product statistics, Asia-Pacific region accounted for 61 percent of global production in 2018 (248 million m³), followed by Europe (90 million m³, or 22 percent), Northern America (48 million m³, or 12 percent).Two regions Europe and Asia Pacific dominated international trade in wood-based panels, and together accounted for 71 percent of all imports and 82 percent of exports in 2018. Among panels, OSB and particle board had the fastest growth in production, increasing by 25 percent and 13 percent respectively over the period from 2014 to 2018. Most of this growth for both products occurred in Eastern Europe including the Russian Federation. Thus a significant growth can be predicted owing to the statistics in the Wood Based Panel Market.
Wood Based Panel Market Drivers
Increasing demand for sustainable furniture :
As housing conditions continue to improve in China, people are spending money on home decoration. In 2019, per capita disposable income grew 8.9%. This increased purchasing power has helped the furniture market to expand significantly. According the National Bureau of Statistics, the income of furniture manufacturers grew 1.5% to RMB711.72 billion (US$103.02 billion) in 2019, while total profits grew 10.8% to RMB46.27 billion (US$6.69 billion).Rosewood is a quality hardwood, and furniture made of such material is highly regarded. Mahogany is the most popular type of rosewood. This industry is booming, due to the rising demand of eco friendly furniture globally.
Potential of Wood framed construction Industry:
The long-term fundamentals supporting Chinese wood demand remain positive. The strong urbanization trend remains the core driver requiring an additional 7-8 million new homes needed by 2020.According to Margules Groome Publication, Another 50 million new homes are needed by 2030 as the Chinese government seeks to reach a 60% urbanization rate by 2020 and 70% by 2030. GDP per capita is at 6.9%/annum,­ increasing spending capacity and demand for larger, better quality housing. Currently, wood frame construction represents a minor segment of the Chinese residential construction industry at less than 0.05%.
Notably, several wooden building demonstration projects have been developed as the growth potential of this market is now recognized. For example, proof of concept construction projects such as the recent proposal by Dingchi Wood Industry Co. Ltd, shows that a six story wooden building is to be finalized later this year. When finished, it will be the tallest contemporary wooden frame building in China. Even though timber construction is still at the initial development stage, Chinese demand for structural timber as well as engineered wood products has significant potential for growth.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=503072
Wood Based Panel Market Challenges
Higher Price of Raw Materials:
The rapid increases in the cost of petroleum-based fuels and products continue to affect the production and marketing of wood-based panel products. It has raised the cost of raw materials and transport, and led to higher rates of inflation. Costs of energy-intensive plastic, metal, and fibreglass substitutes are improving the relative price competitiveness of wood-based panels.
Health hazards due to adhesives in Wood based Panel :
There has been concerns recently about formaldehyde emissions and health effects, particularly when urea-formaldehyde resins are used in particle board and medium-density fiberboard. Technological improvements in both resin manufacture and application are expected to continue to reduce the problem of free-formaldehyde in panels utilizing these binders.
Wood Based Panel Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wood Based Panel market. Wood Based Panel Market top companies are Kronospan, Arauco, Daiken New Zealand, Duratex, Georgia-Pacific, Masisa, Swiss Krono Group, Norbord, Louisiana-Pacific, Weyerhaeuser, Egger, Sonae Industria, Pfleiderer, Kastamonu Entegre, Swedspan, Langboard, Finsa, Tolko, Arbec, West Fraser, GVK Novopan Industries, Sahachai Particle Board, Siam Riso Wood Products, Daya, Furen, Sengong, Jianfeng, Shengda, Fenglin, Weihua.
Acquisitions/Technology Launches
In June 2021,Metro Ply Group and Siempelkamp have signed a contract for the supply of a new particleboard plant with Generation 9 ContiRoll in the 8ft x 40.4m format to the Metro site in Surat Thani.
On 1st June 2021,Lubricant leader Metalube partners with Plastic Vision on wood-based panels sector to market a range of fully synthetic, high-temperature chain oils created for wood-based panel presses.
Key Takeaways
Asia Pacific dominates the Wood Based Panel market, owing to the growing uses of wooden panels in construction activities, furniture, in countries such as China, India, and Japan.
According to FAO’s forest product statistics in 2018, global Wood Based Panel production reached 408 million m³, a 1 percent increase over the previous year (404 million m³) and a 9 percent increase over the observed period. Wood-based panels is the product category that saw fast growth in production, owing to the rapid and consistent growth in the Asia-Pacific region
While the economically mature markets of the U.S., Canada, and Western Europe are expected to have a modest pace of housing starts, the fastest growing Asian countries such as China, India, Indonesia, Vietnam are expected to continue growth due to rising urbanization and disposable incomes.
Technological advancements and innovation, along with the increasing efficiency in repair, manufacturing, and renovation activities, will further energize the growth of the market.
Related Reports
A.Wood Adhesives Market
https://www.industryarc.com/Research/Wood-Adhesives-Market-Research-500429
B. Wood Coatings Market
https://www.industryarc.com/Report/11720/wood-coatings-market.html
For more Chemicals and Materials Market reports, please click here
0 notes
sweetyiarc · 3 years
Text
Wood Based Panel Market Size Forecast to Reach $224.8 Billion by 2026
Wood Based Panel market size is forecast to reach US$224.8 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. The Wood Based Panel products are flat, sometimes curved, sheets made from wood-based materials that are bonded together with synthetic adhesives such as urea-formaldehyde adhesives, and phenol-formaldehyde resins. Low product cost coupled with superior properties including strength and durability is the key factor driving the demand for wood-based panels for ceiling, cladding, roofing, flooring and furniture applications. The market is witnessing an increase in demand, due to the construction industry's growth, where the product finds extensive applications. The latest trends, such as lightweight wood products and furniture and innovations in the surfacing technology to apply coating materials, are expected to drive the Wood Based Panel market substantially during the forecast period.
COVID-19 Impact
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Respondents from all segments of the wood value chain saw digital technology adoption as the most important metric in a medium- to long-term recovery strategy. Other measures include increased resource efficiency, worker inclusion in social protection and  health care facilities, labor-saving technology, and industrial certification. The intensity of impact were not homogeneous, with one sector (pulp and paper) reporting a positive impact. Although it is too soon to assess the long-term impact of response measures, the wood sector may emerge from the crisis.
Request for Sample Report  @ https://www.industryarc.com/pdfdownload.php?id=503072
Report Price: $ 4500 (Single User License)
Wood Based Panel Market Segment Analysis – By Type
The Particle wood segment held the largest share of 33%in the Wood Based Panel market in 2020. Particle Board is a composite panel product consisting of cellulosic particles of various sizes that are bonded together with synthetic adhesives under heat and pressure. Particle Board has excellent machining characteristics, which is important when post-forming high pressure laminate countertops. Particle Board is used extensively in residential kitchens, playing a role in cabinets, shelving, countertops and floor underlayment. The American National Standard for Particleboard (ANSI A208.1) is the North American industry voluntary standard that classifies particle Board by physical, mechanical and dimensional characteristics as well as formaldehyde levels. Particle Boards are lightweight, require no nails, and can be shipped or stored in only about 25 percent of the space required for standard lumber pallets. Due to this a number of opportunities are developing in shipping and packaging application.Thus,wood based panel Market will potentially grow in the forecast period.  
Wood Based Panel Market Segment Analysis – By Application
Furniture segment held the largest share in the Wood Based Panel market in 2020 and is growing at a CAGR of 6.8% during 2021-2026. Furniture made from Particle Board and Medium Density Fibre (MDF) are  moderate density fiberboard, so its raw materials and processing costs are not low, and the furniture price is relatively moderate. It meets the consumption requirements of various consumer classes. Hardwoods are commonly used in the construction of walls, ceilings and floors, while softwoods are often used to make doors, furniture and window frames. Plywood has a huge range of application within the construction industry. Some of its most common uses are, external walls formwork, or a mould for wet concrete furniture, cupboards, kitchen cabinets, and office tables, for packaging light doors and shutters. Plywood as a building material is formed into large sheets and also be curved for use in ceilings, aircraft, or ship building.
Wood Based Panel Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Wood Based Panel market in 2020 up to 42%, owing to the huge demand for furniture, and construction industries due to vast population in the region. According to FAO’s (Food and Agriculture Organization of United Nations) forest product statistics, Asia-Pacific region accounted for 61 percent of global production in 2018 (248 million m³), followed by Europe (90 million m³, or 22 percent), Northern America (48 million m³, or 12 percent).Two regions Europe and Asia Pacific dominated international trade in wood-based panels, and together accounted for 71 percent of all imports and 82 percent of exports in 2018. Among panels, OSB and particle board had the fastest growth in production, increasing by 25 percent and 13 percent respectively over the period from 2014 to 2018. Most of this growth for both products occurred in Eastern Europe including the Russian Federation. Thus a significant growth can be predicted owing to the statistics in the Wood Based Panel Market.
Wood Based Panel Market Drivers
Increasing demand for sustainable furniture :
As housing conditions continue to improve in China, people are spending money on home decoration. In 2019, per capita disposable income grew 8.9%. This increased purchasing power has helped the furniture market to expand significantly. According the National Bureau of Statistics, the income of furniture manufacturers grew 1.5% to RMB711.72 billion (US$103.02 billion) in 2019, while total profits grew 10.8% to RMB46.27 billion (US$6.69 billion).Rosewood is a quality hardwood, and furniture made of such material is highly regarded. Mahogany is the most popular type of rosewood. This industry is booming, due to the rising demand of eco friendly furniture globally.
Potential of Wood framed construction Industry:
The long-term fundamentals supporting Chinese wood demand remain positive. The strong urbanization trend remains the core driver requiring an additional 7-8 million new homes needed by 2020.According to Margules Groome Publication, Another 50 million new homes are needed by 2030 as the Chinese government seeks to reach a 60% urbanization rate by 2020 and 70% by 2030. GDP per capita is at 6.9%/annum,­ increasing spending capacity and demand for larger, better quality housing. Currently, wood frame construction represents a minor segment of the Chinese residential construction industry at less than 0.05%.
Notably, several wooden building demonstration projects have been developed as the growth potential of this market is now recognized. For example, proof of concept construction projects such as the recent proposal by Dingchi Wood Industry Co. Ltd, shows that a six story wooden building is to be finalized later this year. When finished, it will be the tallest contemporary wooden frame building in China. Even though timber construction is still at the initial development stage, Chinese demand for structural timber as well as engineered wood products has significant potential for growth.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=503072
Wood Based Panel Market Challenges
Higher Price of Raw Materials:
The rapid increases in the cost of petroleum-based fuels and products continue to affect the production and marketing of wood-based panel products. It has raised the cost of raw materials and transport, and led to higher rates of inflation. Costs of energy-intensive plastic, metal, and fibreglass substitutes are improving the relative price competitiveness of wood-based panels.
Health hazards due to adhesives in Wood based Panel :
There has been concerns recently about formaldehyde emissions and health effects, particularly when urea-formaldehyde resins are used in particle board and medium-density fiberboard. Technological improvements in both resin manufacture and application are expected to continue to reduce the problem of free-formaldehyde in panels utilizing these binders.
Wood Based Panel Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wood Based Panel market. Wood Based Panel Market top companies are Kronospan, Arauco, Daiken New Zealand, Duratex, Georgia-Pacific, Masisa, Swiss Krono Group, Norbord, Louisiana-Pacific, Weyerhaeuser, Egger, Sonae Industria, Pfleiderer, Kastamonu Entegre, Swedspan, Langboard, Finsa, Tolko, Arbec, West Fraser, GVK Novopan Industries, Sahachai Particle Board, Siam Riso Wood Products, Daya, Furen, Sengong, Jianfeng, Shengda, Fenglin, Weihua.
Acquisitions/Technology Launches
In June 2021,Metro Ply Group and Siempelkamp have signed a contract for the supply of a new particleboard plant with Generation 9 ContiRoll in the 8ft x 40.4m format to the Metro site in Surat Thani.
On 1st June 2021,Lubricant leader Metalube partners with Plastic Vision on wood-based panels sector to market a range of fully synthetic, high-temperature chain oils created for wood-based panel presses.
Key Takeaways
Asia Pacific dominates the Wood Based Panel market, owing to the growing uses of wooden panels in construction activities, furniture, in countries such as China, India, and Japan.
According to FAO’s forest product statistics in 2018, global Wood Based Panel production reached 408 million m³, a 1 percent increase over the previous year (404 million m³) and a 9 percent increase over the observed period. Wood-based panels is the product category that saw fast growth in production, owing to the rapid and consistent growth in the Asia-Pacific region
While the economically mature markets of the U.S., Canada, and Western Europe are expected to have a modest pace of housing starts, the fastest growing Asian countries such as China, India, Indonesia, Vietnam are expected to continue growth due to rising urbanization and disposable incomes.
Technological advancements and innovation, along with the increasing efficiency in repair, manufacturing, and renovation activities, will further energize the growth of the market.
Related Reports
A.Wood Adhesives Market
https://www.industryarc.com/Research/Wood-Adhesives-Market-Research-500429
B. Wood Coatings Market
https://www.industryarc.com/Report/11720/wood-coatings-market.html
For more Chemicals and Materials Market reports, please click here
0 notes
Text
Wood Adhesives Market Industry Analysis Trends, Analysis, Opportunities, Share and Forecast 2022-2028
The research reports provide deep insights into the global market revenue, market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Wood Adhesives market during the forecast period, i.e., 2022–2030. The report, most importantly, identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application type, technology type, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors, including but not limited to supply chain management, distribution Trade, channels, supply and demand, and production capability differ across countries.
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Wood Adhesives Market Company Profiles Analysis:
Henkel AG ( Düsseldorf, Germany)
Sika AG(Baar, Switzerland)
The 3M Company(Saint Paul, Minnesota, United States)
Arkema(Colombes, France).
Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Wood Adhesives Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.
Market Segmentation:
Wood Adhesives Market Size, Share & Trends Analysis Report by Resin Type (Natural & Synthetic), Technology (Solvent-based, Water-based, Solventless), Application (Flooring & Deck, Plywood, Furniture, Cabinet, Particle Board, Window & Door) Global Industry Insights, Trends, and Forecast, 2021-2028.
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Regional Framework
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Wood Adhesives Market based on various segments. It also provides market size and forecast estimates from the year 2022 to 2028 with respect to five major regions. The Wood Adhesives Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Wood Adhesives Market Report:
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
Major Features of Wood Adhesives Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Wood Adhesives market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global Wood Adhesives market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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0 notes
marketwire · 3 years
Text
Wood Based Panel Market Size Forecast to Reach $224.8 Billion by 2026
Wood Based Panel market size is forecast to reach US$224.8 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. The Wood Based Panel products are flat, sometimes curved, sheets made from wood-based materials that are bonded together with synthetic adhesives such as urea-formaldehyde adhesives, and phenol-formaldehyde resins. Low product cost coupled with superior properties including strength and durability is the key factor driving the demand for wood-based panels for ceiling, cladding, roofing, flooring and furniture applications. The market is witnessing an increase in demand, due to the construction industry's growth, where the product finds extensive applications. The latest trends, such as lightweight wood products and furniture and innovations in the surfacing technology to apply coating materials, are expected to drive the Wood Based Panel market substantially during the forecast period.
COVID-19 Impact
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Respondents from all segments of the wood value chain saw digital technology adoption as the most important metric in a medium- to long-term recovery strategy. Other measures include increased resource efficiency, worker inclusion in social protection and  health care facilities, labor-saving technology, and industrial certification. The intensity of impact were not homogeneous, with one sector (pulp and paper) reporting a positive impact. Although it is too soon to assess the long-term impact of response measures, the wood sector may emerge from the crisis.
Request for Sample Report  @ https://www.industryarc.com/pdfdownload.php?id=503072
Report Price: $ 4500 (Single User License)
Wood Based Panel Market Segment Analysis – By Type
The Particle wood segment held the largest share of 33%in the Wood Based Panel market in 2020. Particle Board is a composite panel product consisting of cellulosic particles of various sizes that are bonded together with synthetic adhesives under heat and pressure. Particle Board has excellent machining characteristics, which is important when post-forming high pressure laminate countertops. Particle Board is used extensively in residential kitchens, playing a role in cabinets, shelving, countertops and floor underlayment. The American National Standard for Particleboard (ANSI A208.1) is the North American industry voluntary standard that classifies particle Board by physical, mechanical and dimensional characteristics as well as formaldehyde levels. Particle Boards are lightweight, require no nails, and can be shipped or stored in only about 25 percent of the space required for standard lumber pallets. Due to this a number of opportunities are developing in shipping and packaging application.Thus,wood based panel Market will potentially grow in the forecast period.  
Wood Based Panel Market Segment Analysis – By Application
Furniture segment held the largest share in the Wood Based Panel market in 2020 and is growing at a CAGR of 6.8% during 2021-2026. Furniture made from Particle Board and Medium Density Fibre (MDF) are  moderate density fiberboard, so its raw materials and processing costs are not low, and the furniture price is relatively moderate. It meets the consumption requirements of various consumer classes. Hardwoods are commonly used in the construction of walls, ceilings and floors, while softwoods are often used to make doors, furniture and window frames. Plywood has a huge range of application within the construction industry. Some of its most common uses are, external walls formwork, or a mould for wet concrete furniture, cupboards, kitchen cabinets, and office tables, for packaging light doors and shutters. Plywood as a building material is formed into large sheets and also be curved for use in ceilings, aircraft, or ship building.
Wood Based Panel Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Wood Based Panel market in 2020 up to 42%, owing to the huge demand for furniture, and construction industries due to vast population in the region. According to FAO’s (Food and Agriculture Organization of United Nations) forest product statistics, Asia-Pacific region accounted for 61 percent of global production in 2018 (248 million m³), followed by Europe (90 million m³, or 22 percent), Northern America (48 million m³, or 12 percent).Two regions Europe and Asia Pacific dominated international trade in wood-based panels, and together accounted for 71 percent of all imports and 82 percent of exports in 2018. Among panels, OSB and particle board had the fastest growth in production, increasing by 25 percent and 13 percent respectively over the period from 2014 to 2018. Most of this growth for both products occurred in Eastern Europe including the Russian Federation. Thus a significant growth can be predicted owing to the statistics in the Wood Based Panel Market.
Wood Based Panel Market Drivers
Increasing demand for sustainable furniture :
As housing conditions continue to improve in China, people are spending money on home decoration. In 2019, per capita disposable income grew 8.9%. This increased purchasing power has helped the furniture market to expand significantly. According the National Bureau of Statistics, the income of furniture manufacturers grew 1.5% to RMB711.72 billion (US$103.02 billion) in 2019, while total profits grew 10.8% to RMB46.27 billion (US$6.69 billion).Rosewood is a quality hardwood, and furniture made of such material is highly regarded. Mahogany is the most popular type of rosewood. This industry is booming, due to the rising demand of eco friendly furniture globally.
Potential of Wood framed construction Industry:
The long-term fundamentals supporting Chinese wood demand remain positive. The strong urbanization trend remains the core driver requiring an additional 7-8 million new homes needed by 2020.According to Margules Groome Publication, Another 50 million new homes are needed by 2030 as the Chinese government seeks to reach a 60% urbanization rate by 2020 and 70% by 2030. GDP per capita is at 6.9%/annum,­ increasing spending capacity and demand for larger, better quality housing. Currently, wood frame construction represents a minor segment of the Chinese residential construction industry at less than 0.05%.
Notably, several wooden building demonstration projects have been developed as the growth potential of this market is now recognized. For example, proof of concept construction projects such as the recent proposal by Dingchi Wood Industry Co. Ltd, shows that a six story wooden building is to be finalized later this year. When finished, it will be the tallest contemporary wooden frame building in China. Even though timber construction is still at the initial development stage, Chinese demand for structural timber as well as engineered wood products has significant potential for growth.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=503072
Wood Based Panel Market Challenges
Higher Price of Raw Materials:
The rapid increases in the cost of petroleum-based fuels and products continue to affect the production and marketing of wood-based panel products. It has raised the cost of raw materials and transport, and led to higher rates of inflation. Costs of energy-intensive plastic, metal, and fibreglass substitutes are improving the relative price competitiveness of wood-based panels.
Health hazards due to adhesives in Wood based Panel :
There has been concerns recently about formaldehyde emissions and health effects, particularly when urea-formaldehyde resins are used in particle board and medium-density fiberboard. Technological improvements in both resin manufacture and application are expected to continue to reduce the problem of free-formaldehyde in panels utilizing these binders.
Wood Based Panel Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wood Based Panel market. Wood Based Panel Market top companies are Kronospan, Arauco, Daiken New Zealand, Duratex, Georgia-Pacific, Masisa, Swiss Krono Group, Norbord, Louisiana-Pacific, Weyerhaeuser, Egger, Sonae Industria, Pfleiderer, Kastamonu Entegre, Swedspan, Langboard, Finsa, Tolko, Arbec, West Fraser, GVK Novopan Industries, Sahachai Particle Board, Siam Riso Wood Products, Daya, Furen, Sengong, Jianfeng, Shengda, Fenglin, Weihua.
Acquisitions/Technology Launches
In June 2021,Metro Ply Group and Siempelkamp have signed a contract for the supply of a new particleboard plant with Generation 9 ContiRoll in the 8ft x 40.4m format to the Metro site in Surat Thani.
On 1st June 2021,Lubricant leader Metalube partners with Plastic Vision on wood-based panels sector to market a range of fully synthetic, high-temperature chain oils created for wood-based panel presses.
Key Takeaways
Asia Pacific dominates the Wood Based Panel market, owing to the growing uses of wooden panels in construction activities, furniture, in countries such as China, India, and Japan.
According to FAO’s forest product statistics in 2018, global Wood Based Panel production reached 408 million m³, a 1 percent increase over the previous year (404 million m³) and a 9 percent increase over the observed period. Wood-based panels is the product category that saw fast growth in production, owing to the rapid and consistent growth in the Asia-Pacific region
While the economically mature markets of the U.S., Canada, and Western Europe are expected to have a modest pace of housing starts, the fastest growing Asian countries such as China, India, Indonesia, Vietnam are expected to continue growth due to rising urbanization and disposable incomes.
Technological advancements and innovation, along with the increasing efficiency in repair, manufacturing, and renovation activities, will further energize the growth of the market.
Related Reports
A.Wood Adhesives Market
https://www.industryarc.com/Research/Wood-Adhesives-Market-Research-500429
B. Wood Coatings Market
https://www.industryarc.com/Report/11720/wood-coatings-market.html
For more Chemicals and Materials Market reports, please click here
0 notes
Text
Wood Based Panel Market Size Forecast to Reach $224.8 Billion by 2026
Wood Based Panel market size is forecast to reach US$224.8 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. The Wood Based Panel products are flat, sometimes curved, sheets made from wood-based materials that are bonded together with synthetic adhesives such as urea-formaldehyde adhesives, and phenol-formaldehyde resins. Low product cost coupled with superior properties including strength and durability is the key factor driving the demand for wood-based panels for ceiling, cladding, roofing, flooring and furniture applications. The market is witnessing an increase in demand, due to the construction industry's growth, where the product finds extensive applications. The latest trends, such as lightweight wood products and furniture and innovations in the surfacing technology to apply coating materials, are expected to drive the Wood Based Panel market substantially during the forecast period.
COVID-19 Impact
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Respondents from all segments of the wood value chain saw digital technology adoption as the most important metric in a medium- to long-term recovery strategy. Other measures include increased resource efficiency, worker inclusion in social protection and  health care facilities, labor-saving technology, and industrial certification. The intensity of impact were not homogeneous, with one sector (pulp and paper) reporting a positive impact. Although it is too soon to assess the long-term impact of response measures, the wood sector may emerge from the crisis.
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Wood Based Panel Market Segment Analysis – By Type
The Particle wood segment held the largest share of 33%in the Wood Based Panel market in 2020. Particle Board is a composite panel product consisting of cellulosic particles of various sizes that are bonded together with synthetic adhesives under heat and pressure. Particle Board has excellent machining characteristics, which is important when post-forming high pressure laminate countertops. Particle Board is used extensively in residential kitchens, playing a role in cabinets, shelving, countertops and floor underlayment. The American National Standard for Particleboard (ANSI A208.1) is the North American industry voluntary standard that classifies particle Board by physical, mechanical and dimensional characteristics as well as formaldehyde levels. Particle Boards are lightweight, require no nails, and can be shipped or stored in only about 25 percent of the space required for standard lumber pallets. Due to this a number of opportunities are developing in shipping and packaging application.Thus,wood based panel Market will potentially grow in the forecast period.  
Wood Based Panel Market Segment Analysis – By Application
Furniture segment held the largest share in the Wood Based Panel market in 2020 and is growing at a CAGR of 6.8% during 2021-2026. Furniture made from Particle Board and Medium Density Fibre (MDF) are  moderate density fiberboard, so its raw materials and processing costs are not low, and the furniture price is relatively moderate. It meets the consumption requirements of various consumer classes. Hardwoods are commonly used in the construction of walls, ceilings and floors, while softwoods are often used to make doors, furniture and window frames. Plywood has a huge range of application within the construction industry. Some of its most common uses are, external walls formwork, or a mould for wet concrete furniture, cupboards, kitchen cabinets, and office tables, for packaging light doors and shutters. Plywood as a building material is formed into large sheets and also be curved for use in ceilings, aircraft, or ship building.
Wood Based Panel Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Wood Based Panel market in 2020 up to 42%, owing to the huge demand for furniture, and construction industries due to vast population in the region. According to FAO’s (Food and Agriculture Organization of United Nations) forest product statistics, Asia-Pacific region accounted for 61 percent of global production in 2018 (248 million m³), followed by Europe (90 million m³, or 22 percent), Northern America (48 million m³, or 12 percent).Two regions Europe and Asia Pacific dominated international trade in wood-based panels, and together accounted for 71 percent of all imports and 82 percent of exports in 2018. Among panels, OSB and particle board had the fastest growth in production, increasing by 25 percent and 13 percent respectively over the period from 2014 to 2018. Most of this growth for both products occurred in Eastern Europe including the Russian Federation. Thus a significant growth can be predicted owing to the statistics in the Wood Based Panel Market.
Wood Based Panel Market Drivers
Increasing demand for sustainable furniture :
As housing conditions continue to improve in China, people are spending money on home decoration. In 2019, per capita disposable income grew 8.9%. This increased purchasing power has helped the furniture market to expand significantly. According the National Bureau of Statistics, the income of furniture manufacturers grew 1.5% to RMB711.72 billion (US$103.02 billion) in 2019, while total profits grew 10.8% to RMB46.27 billion (US$6.69 billion).Rosewood is a quality hardwood, and furniture made of such material is highly regarded. Mahogany is the most popular type of rosewood. This industry is booming, due to the rising demand of eco friendly furniture globally.
Potential of Wood framed construction Industry:
The long-term fundamentals supporting Chinese wood demand remain positive. The strong urbanization trend remains the core driver requiring an additional 7-8 million new homes needed by 2020.According to Margules Groome Publication, Another 50 million new homes are needed by 2030 as the Chinese government seeks to reach a 60% urbanization rate by 2020 and 70% by 2030. GDP per capita is at 6.9%/annum,­ increasing spending capacity and demand for larger, better quality housing. Currently, wood frame construction represents a minor segment of the Chinese residential construction industry at less than 0.05%.
Notably, several wooden building demonstration projects have been developed as the growth potential of this market is now recognized. For example, proof of concept construction projects such as the recent proposal by Dingchi Wood Industry Co. Ltd, shows that a six story wooden building is to be finalized later this year. When finished, it will be the tallest contemporary wooden frame building in China. Even though timber construction is still at the initial development stage, Chinese demand for structural timber as well as engineered wood products has significant potential for growth.
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Wood Based Panel Market Challenges
Higher Price of Raw Materials:
The rapid increases in the cost of petroleum-based fuels and products continue to affect the production and marketing of wood-based panel products. It has raised the cost of raw materials and transport, and led to higher rates of inflation. Costs of energy-intensive plastic, metal, and fibreglass substitutes are improving the relative price competitiveness of wood-based panels.
Health hazards due to adhesives in Wood based Panel :
There has been concerns recently about formaldehyde emissions and health effects, particularly when urea-formaldehyde resins are used in particle board and medium-density fiberboard. Technological improvements in both resin manufacture and application are expected to continue to reduce the problem of free-formaldehyde in panels utilizing these binders.
Wood Based Panel Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wood Based Panel market. Wood Based Panel Market top companies are Kronospan, Arauco, Daiken New Zealand, Duratex, Georgia-Pacific, Masisa, Swiss Krono Group, Norbord, Louisiana-Pacific, Weyerhaeuser, Egger, Sonae Industria, Pfleiderer, Kastamonu Entegre, Swedspan, Langboard, Finsa, Tolko, Arbec, West Fraser, GVK Novopan Industries, Sahachai Particle Board, Siam Riso Wood Products, Daya, Furen, Sengong, Jianfeng, Shengda, Fenglin, Weihua.
Acquisitions/Technology Launches
In June 2021,Metro Ply Group and Siempelkamp have signed a contract for the supply of a new particleboard plant with Generation 9 ContiRoll in the 8ft x 40.4m format to the Metro site in Surat Thani.
On 1st June 2021,Lubricant leader Metalube partners with Plastic Vision on wood-based panels sector to market a range of fully synthetic, high-temperature chain oils created for wood-based panel presses.
Key Takeaways
Asia Pacific dominates the Wood Based Panel market, owing to the growing uses of wooden panels in construction activities, furniture, in countries such as China, India, and Japan.
According to FAO’s forest product statistics in 2018, global Wood Based Panel production reached 408 million m³, a 1 percent increase over the previous year (404 million m³) and a 9 percent increase over the observed period. Wood-based panels is the product category that saw fast growth in production, owing to the rapid and consistent growth in the Asia-Pacific region
While the economically mature markets of the U.S., Canada, and Western Europe are expected to have a modest pace of housing starts, the fastest growing Asian countries such as China, India, Indonesia, Vietnam are expected to continue growth due to rising urbanization and disposable incomes.
Technological advancements and innovation, along with the increasing efficiency in repair, manufacturing, and renovation activities, will further energize the growth of the market.
Related Reports
A.Wood Adhesives Market
https://www.industryarc.com/Research/Wood-Adhesives-Market-Research-500429
B. Wood Coatings Market
https://www.industryarc.com/Report/11720/wood-coatings-market.html
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blueweave · 3 years
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Japan LED Packaging Market is Growing at a CAGR of 4.5 % in 2021-2027
A study, recently conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that Japan LED packaging market is growing at a CAGR of 4.5 % during the forecast period (2021-2027). Due to numerous LED products being used in cruise ship lights highlighting their facades, as well as its application in industrial, medical, and residential lighting, the LED packaging industry is gaining momentum in the market with a significant growth rate. Additionally, these services generate significant revenue for the market, leading to the expansion of the end-user industry. However, due to intense competition and an explosion of manufacturers, the LED Packaging market has become fully saturated.
The Surge in Demand for Disinfection Systems due to COVID-19 Driving the Demand for Efficient UV LED Packages
In the current COVID-19 environment, UV-C LEDs are in high demand because they can destroy viruses and germs with 99.9% reliability. UV-C light kills bacteria and viruses by destroying their nucleic acids and disrupting their DNA. Moreover, it makes medical facilities safer by killing bacteria and viruses. For instance, using a deep ultraviolet (UV) LED, Nichia Corp., a Japanese company, has created a device that can kill 99.99% of coronavirus particles when placed on surfaces for 30 seconds. Nichia Corp., located in Tokushima Prefecture's city of Anan, plans to use it in air purifiers, air conditioning systems, and other equipment. The company has donated 20 LED trial products to the Tokushima Prefectural Government and 30 to Tokushima University and is in talks with Japanese manufacturers to develop and sell deep UV LED products. Thus, as the demand for UV-C LEDs grows, efficient LED packages are also increasing.
Japan LED Packaging  Market: By Package Type
The Japan LED packaging market is categorized into SMD (Surface Mount Device Package), COB (Chip On Board Package), CSP (Chip Scale Package), and Others. Among these, the CSP LEDs witnessed the highest CAGR during the forecast period. Due to the requirement for energy-efficient and compact backlighting sources for TVs, monitors, and smartphone displays, the display backlighting application holds a prominent position in the chip-scale package (CSP) LED industry. Moreover, Chip-scale Package (CSP) LEDs have emerged as an excellent replacement for conventional and oversized LED packages for display backlighting units. LED-based BLUs with a chip scale package (CSP) drive product innovation and cost reduction and a small form factor and wide beam angle.
Japan LED Packaging  Market: Impact of COVID-19
The Japanese LED packaging market includes major suppliers like Nichia, ATEX Co., Ltd., Toshiba, Sharp, and  Panasonic. These companies have manufacturing sites distributed across the Asia Pacific, Europe, North America, and the rest of the world. These firms' LED packages are utilized in various industries, including consumer electronics, automotive, industrial, real estate, and many others.
COVID-19 has had an impact not only on the LED packaging market players but also on enterprises in the industries listed above. The automotive and consumer electronics industries had to reduce their need for display panels, negatively affecting the market. Also, consumers reduced their spending on expensive items such as high-end smartphones and OLED televisions. Moreover, product features became a distant second priority, with basic functionality taking precedence.
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Japan LED Packaging  Market: Competitive Landscape
Japan LED packaging market is highly fragmented due to the presence of global and domestic players involved in the market. New product development, expansion, and acquisition enable companies to stay competitive. Leading players are expanding their global footprint by acquiring overseas producers. Some key players in Japan LED packaging market are ATEX Co. Ltd., Toshiba, Sharp, Panasonic, ENDO Lighting Corporation, Nichia Corporation, and Other Prominent Players.
In October 2021, NICHIA, the world's largest LED manufacturer and developer of the high-brightness blue and white LED, has launched mass production of a new UV-C LED with a high radiant flux to aid in the inactivation and sterilization of bacteria and viruses in industrial water and air applications.
Don’t miss the business opportunity of the Japan LED packaging market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Japan LED packaging market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Japan LED packaging market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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research-on-future · 3 years
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Global and Japan Particle Board Market Future Developments and Industry Size Research
The Global and Japan Particle Board Market Research Report gives CAGR value, Industry Chains, Upstream, Geography, End-user, Application, Competitor analysis, SWOT Analysis, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Trends and Forecast. The Report Also Gives Insight On Entry and Exit Barriers of the Industry.
 The study report offers a comprehensive analysis of Global and Japan Particle Board Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Global and Japan Particle Board Market is segmented by Type, and by Application. Players, stakeholders, and other participants in the Global and Japan Particle Board Market will be able to gain the upper hand as they use the report as a powerful resource.
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 The report takes into account the impact of the novel COVID-19 pandemic on the Global and Japan Particle Board Market also provides assessment of market definition along with the identification of topmost prominent key manufactures are analyzed emphatically by competitive landscape contrast, with respect to Price, Sales, Capacity, Import, Export, Global and Japan Particle Board Market Size, Consumption, Gross, Gross Margin, Revenue and Market Share.The Global and Japan Particle Board Market report provides information about the industry, including valuable facts and figures. This research study explores the Market in detail such as industry chain structures, raw material suppliers, with manufacturing The Industrial IoT Sales market examines the primary segments of the scale of the market. This intelligent study provides historical data from 2015 alongside a forecast from 2021 to 2027.
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 Additionally, the research report on Global and Japan Particle Board Market provides an in depth analysis about market status, market size, revenue share, industry development trends, products’ advantages and disadvantages of the enterprise, enterprise competition pattern, industrial policy and regional industrial layout characteristics. The Global and Japan Particle Board Market report covers recent developments, strategic market growth analysis, area marketplace expanding, product launches, technological innovations and many more. Research report also offers an in-depth analysis about the Agreements, collaboration and partnership among different vendors across the globe. Therefore the report is beneficial for all kinds of clients.
 Impact of Covid-19 in Global and Japan Particle Board Market: The utility-owned segment is mainly being driven by increasing financial incentives and regulatory supports from the governments globally. The current utility-owned Global and Japan Particle Board Market are affected primarily by the COVID-19 pandemic. Most of the projects in China, the US, Germany, and South Korea are delayed, and the companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak. Asia-Pacific is anticipated to get highly affected by the spread of the COVID-19 due to the effect of the pandemic in China, Japan, and India.
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chemanalyst · 3 years
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Formaldehyde Market to Grow at a CAGR of 4.22% by 2030
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According to ChemAnalyst report, “Formaldehyde Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Formaldehyde market witnessed a demand of around 10.47 million in 2020 and anticipated to grow at a significant rate with a healthy CAGR of 4.22% until 2030 due to the wide range applications of Formaldehyde and its derivatives in various end use industries such as Building & Construction, Chemical, Automotive, Pharmaceuticals, Agriculture, Personal Care & Cosmetics and Others.
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Formaldehyde is an organic compound as well as simplest aldehyde, also called as Methanal and Formalin (when dissolve in water), having a strong pungent smell. It is a colorless, volatile, highly flammable, toxic gas produced by vapor-phase oxidation of methanol, this process takes place at very high temperature and the reaction is highly exothermic. It is associated with several health hazards in humans and other animals such as respiratory and skin allergies, Cancer, etc.  Hence, government has fixed standard regulations for its production, storage, handling, and use for protecting human health as well as environment.
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Formaldehyde is used extensively in producing building materials such as panels and plywood, adhesives, flooring, particle boards, fiber boards, furniture, wall sheathing, support beams and cabinetry, countertops, insulation materials, laminations, moldings etc. along with other household products. It also finds applications in cosmetics and personal care products such as sunscreen, shampoos, lotions, creams, makeup, mouth wash, toothpaste etc. as a preservative or an antiseptics, an industrial disinfectant, as a precursor in chemical processes, in the production of industrial resins, permanent press fabrics, industrial coatings, explosives, photographic materials, in dyes, cellulose esters and artificial silk, kitchenware, as a fungicide or germicide in agriculture, preserving & coagulating rubber latex, as embalming fluids, in pulp & papers treatment etc. Based on its applications, the major end use industries for Formaldehyde are Building and Construction, Chemical, Pharmaceuticals, Agriculture, Personal Care and Cosmetics, Automotive and Others. Among these Building and Construction is the most lucrative segment of Formaldehyde market and anticipated to thrust its demand over the forecast period.
Formaldehyde market is segmented into four types depending upon the Formaldehyde derived resins including Urea-Formaldehyde resin, Phenol-Formaldehyde resin, Melamine- Formaldehyde resin and Acetal resin. These resins exhibit versatile properties such as scratch resistance, moisture & mold resistance, high tensile strength, stiffness, high heat-distortion temperature, and low cost therefore vastly employed in Building & Construction, automotive and Household domains. Urea-Formaldehyde is the leading segment in Formaldehyde Market.
Urea-Formaldehyde extensively utilized in building materials including adhesives, finishes, medium density fiber boards, molded objects and lacquers, glues, particle boards, in automotive industry in tires to improve bonding of rubber to tire cord, in molding electrical devices, textiles, to improve tear strength of paper, foam industries, agriculture etc.  Melamine Formaldehydes find applications in laminates, laminate flooring, furniture and kitchen cabinets, utensils etc.  Phenol Formaldehyde finds applications in synthetic plastics, laboratory countertops, laminates, circuit boards, as coatings and adhesives and Acetal Formaldehyde is used prominently in Automobile industries for manufacturing of automobile parts, mechanical parts such as gear, bushings, pipes etc. and apart from it used in production of cosmetic containers, videocassettes, communication equipment’s etc.    Due to the wide range applications of all these resins Formaldehyde market is expected to grow at a significant rate over the forecast period. However, health hazards caused by Formaldehyde such as allergies, even cancer due to long exposures are the main markets restraints for it. Due to this reason major players are focusing to adapt non-hazardous alternatives of Formaldehyde.
The unprecedented spread of COVID-19 across the global caused nationwide lockdowns and disruption in demand and supply chain which directly impacted several industries.  Construction and Automotive are among the most stricken sectors during the pandemic which consequently declined the demand of Formaldehyde.  Though there was a constant demand for Formaldehyde from Pharmaceuticals and Personal care along with Agriculture industries even in the pandemic. Moreover, after the exemption of trade restriction and resumption in industrial operations in the second half of 2020, Building & Construction and Automotive along with other end use industries recovered promptly and is expected to surge the demand for Formaldehyde in the forthcoming years.
Region wise, Asia Pacific dominates the market for Formaldehyde and is anticipated to remain the same until 2030 owing to various factors urbanization, large consumer base and the flourishing industries such as Building and Construction, Automotive and Pharmaceuticals in the region. Additionally, China is the leading consumer of formaldehyde due to the giant manufacturer of products involving formaldehyde such as resins, agrochemicals, plasticizers, chemicals, personal care products, automotive parts, dyes, and pigments etc. which consequently fuel the market for Formaldehyde in the APAC region. Booming Textile industry in the region and its utilization as a drying agent or to improve durability of fabrics also drives the demand for Formaldehyde in Asia Pacific.
According to ChemAnalyst report, “Formaldehyde Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”, Major players for Formaldehyde globally include Alder S.p.A, Bayer Ag, Johnson Matthey Pvt. Ltd., Foremark Performance Chemicals, Georgia-Pacific Chemicals LLC, Huntsman International LLC, Momentive Specialty Chemical Inc., Chemique Adhesives & Sealants Ltd. Dynea AS, Perstorp Holding AB, Celanese AG, and Balaji Formalin Pvt. Ltd.
“Formaldehyde is a versatile commodity having numerous applications as a solvent, chemical intermediates, resins, as preservative, fibers, plasticizers and drying agents. Surging demand from leading end use industries is likely to expand its market in the forthcoming years. Blooming Automotive industry is anticipated to boost its demand in the upcoming years as it is employed to make light weight and energy efficient vehicles along with interior molded parts, highly durable exterior paints and coatings, brake pads, tire cord adhesives etc. Hence, flourishing automotive and construction sectors along with other end use industries are likely to offer potential opportunities for Formaldehyde market players to expand their production capacities in order to avoid demand supply gap of Formaldehyde in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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blueweave8 · 3 years
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Conductive Silver Paste Market, By Type, Trends 2021
A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global conductive silver paste market reached USD 7.1billion in 2020. The market is further projected to reach USD 13.3 billion by 2027. The data generated by the study reveals that the market is further expected to grow at a CAGR of 9.9% during 2021-2027(forecast period).Conductive silver paste's chemical properties have proved crucial to the growth of demand for such substances around the world. Chemical properties such as thermal management and higher electrical conductivity, along with the possibility of corrections at room temperature, coupled with reduction capabilities of skinning and odor are some of the major factors driving the growth of the conductive silver paste market. Other factors contributing to the growth of the conductive silver paste market are the growing smart phone penetration, the increase in automotive production, and the growing emphasis on using renewable energy.
Increasing Growth of Renewable Energy Especially Solar Energy Favoring the Market Growth
In 2020, the Government of India announced its plans of expanding solar power capacity by five times, thereby taking the solar power capacity from 6.7 GW to 40 GW in March 2021. Solar panel demand in India has been boosted by India's outstanding performance in the renewable energy country attractiveness index. in order to metalize solar panels, silver pastes are applied using screen printing. As a major producer of solar panels, the country's conductive silver paste market is experiencing an increase in demand. A silver paste composition can be printed with numerous silver conductors to help multi-crystalline and mono crystalline solar cells perform at peak efficiency, which helps achieve higher power generation.
The Growing Demand for Conductive Adhesives in Electronicsis Driving the Growth of the Global Conductive Silver Paste Market
Consumption of electronic devices worldwide is driving the demand for conductive silver paste. All electronic devices are produced using integrated circuits (IC's) for the smooth functioning of the end-product. The IC's involve binding of the capacitors, transistors, and other electronic components.  Due to its high electrical conductivity, silver is the most suitable material for bonding electronic components to a substrate in integrated circuits to prevent components from getting off the circuit. The conductive silver paste comes equipped with easier solderability, which helps in holding the substrates in their place. In addition to this, conductive silver paste serves as a heat sinking and thermal management component that removes the heat from the electronic devices. With the advent of Industry 4.0 and smart manufacturing, the heat dissipation requirements have been increasing, thereby positively contributing to the growth of the global conductive silver paste market.
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The Sintering Type Segment holds the Largest Market Share in the Global Conductive Silver Paste Market
There are two main types of conductive silver paste in the global conductive silver paste market—the polymer type and the sintering type. The sintering type segment held the largest share in the global conductive silver paste market in 2020. The sintered conductive silver paste acts as an integral component in the production of solar cells, printing circuit boards, capacitors, conductive adhesive, and others. The sintering process is also applied in the manufacturing of high-temperature electronics, wherein the silver paste produced is printed on a substrate, and the die is then placed on top of the paste. In addition to managing temperatures for such devices, it binds their components together. As the high-temperature electronics market grows, there is an increasing demand for sintering processes and silver paste, thereby augmenting the growth of the global conductive silver paste market.
The Solar Panel Segment Leads the Market in Terms of Applications
Based on the application segment, the global conductive silver paste market is sub-segmented into solar panels, integrated circuits, automobile glass, printed circuit board tracks, membrane switched, electronic devices, and others. The growing demand for conductive silver paste for solar panels application is majorly due to the growing concerns over climate change, which are forcing all governments to incorporate renewable energy for reducing greenhouse emissions and improving the environment. The strength of the particle formed by conductive silver paste helps to achieve higher yield stress and increases storage capabilities, thereby reducing the cost of the component of the cell and driving the growth of the global conductive silver paste market.
Global Conductive Silver Paste Market: Regional Insights
Based on regions, the global conductive silver paste market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American region accounted for the highest share in the global conductive silver paste market in 2020. According to 2019 estimates from the World Bank, the United States ranks as having one of the highest mobile cellular subscription rates, which is measured at 134 per 100 people. It indicates that North America is a major hub for electronic devices. It is accompanied by the rising technological advancements in the automotive industry. The increasing automotive production in the region would require the use of more IC's. Since conductive silver paste serves as a heating sink for IC's, they are witnessing great demand in the region, which is enhancing the growth of the global conductive silver paste market.
Global Conductive Silver Paste Market – COVID-19 Impact Analysis
Ever since the WHO declared COVID-19 to be a pandemic, countries across the globe started imposing restrictions upon manufacturing activities. Consequently, the global economy took a toll as a result of the pandemic. The manufacturing industry experienced one of the worst phases, and plants and facilities were shut down to prevent the spread of the virus. As a result of the shutdown, the supply chain was disrupted, and the demand for many products decreased. Nevertheless, the countries have started to ease up on their restrictions as vaccine rollout has increased. A boom in electronic device sales has occurred since people have had to rely on electronic devices for work and other purposes throughout the pandemic. The global conductive silver paste market was able to recover as a result of a temporary surge in demand. By the time the vaccine is fully rolled out, the falling infection rates should be able to help establish durable and substantial growth prospects for the manufacturers that rely on conductive silver paste as a raw material across the automotive glass and solar panels markets. Thus, conductive silver paste production is likely to increase globally over the forecast period, driving the global market for conductive silver paste.
The leading players in the global conductive silver paste market are Toyo Ink Co Ltd., Nordson Corporation, Henkel AG & Co. KGaA, Nippon Kokuen Group, Asahi Chemical Research Laboratory Co., Ltd., Taiwan Ostor Corporation, Heraeus Holding, Daikin Chemical Co. Ltd., Kaken Tech Co. Ltd., DK Electronic Materials, American Elements, Fujifilm Holdings Corporation, DuPont de Nemours, Inc., and other prominent players. Conductive silver paste is a fragmented market, with a variety of players operating both in developed nations and those with emerging economies. Additionally, companies in the global conductive silver paste market are continually investing in research & development to improve the chemical properties of silver paste so as to capture a higher share in the global conductive silver paste market.
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bloggings-posts · 3 years
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Cement Bonded Particle Board Market Value Chain Analysis, Shares, Driving Factors, Key Segments, Regional Analysis & Future Outlook 2028
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The report delivers the challenges in front of the Cement Bonded Particle Board Market that allows the better understanding of the market and provides the lucrative opportunities that are available. Analyst has studied the current market scenario while concentrating on the new business objectives. Report includes change in customer requirements, customer preferences and the vendor landscape in the market
Cement Bonded Particle Board Market Report study provides in detail information to understand the imperative market parts that aligns with the business decision related to raw materials, demand, and production capacity. The analysis provides demands for the future, besides the opportunities that are available for individual. Study focuses on industry chain analysis, upstream and downstream raw material suppliers, key players, production process analysis, cost analysis, market distribution channels and major downstream buyers.
The Cement Bonded Particle Board Market Report delivers analysis of various organizations, affiliation and new businesses. Study includes authorized estimations to develop better understanding of the organizations. Report provides the information about Key players in the market, manufacture analysis, market CAGR, production capacity, product segmentation, supplier analysis, trends and forecast. Research furthermore consolidates impact of government regulations and standards over the market.
Research analysis covers historical data from the year 2015 to 2019,In addition to this report considers 2021-28 as the forecast year. This helps manufacturers and clients understand the past trends and analyze the future trend. Competitive development like expansion of the plant, ventures, agreement, and acquisition are discussed in the report.
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Market Segmentation
Product Types:
Fiber Cement Board
Cement Bonded Particle Board
Wood Based Cement Board
Application/ End User Analysis
Commercial Buildings
Residential Buildings
Company Analysis
Guangdong Soben Green
Etex Group
Cembrit
Mahaphant
Elementia
Everest Industries
Saint-Gobain
Hume Cemboard Industries
Research study on Cement Bonded Particle Board Market is based on following regions and countries:
North America
U.S.A
Canada
Europe
France
Germany
Spain
UK
Rest of Europe
Asia Pacific
China
Japan
India
South East Asia
Latin America
Brazil
Middle East and Africa
Cement Bonded Particle Board Market Report delivers comprehensive analysis of :
Challenges and Opportunities
Emerging and Current market trends
Market player Capacity, Production, Revenue (Value)
Market Forecast for 2021-28
Market growth drivers
Supply (Production), Consumption, Export, Import analysis
End user/application Analysis
Key Questions answered by the Cement Bonded Particle Board Market Report:
What is the Base Year for Cement Bonded Particle Board Market report?
What historical data is included in Cement Bonded Particle Board Market Report?
Are Top companies in Cement Bonded Particle Board Market are analysed in this report?
What are the regions analysed in Cement Bonded Particle Board Market Report?
What are the main topics covered in the Cement Bonded Particle Board Market Report?
Is COVID 19 impact on the Cement Bonded Particle Board Market included in the report?
About Profshare:
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Contact :
Kalyani D.
Profshare Market Research
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