TAGS: Polyurethane Adhesives
Research and Markets (RM) anticipates that the global timber laminating adhesives market size was USD 650 million in 2020 and is projected to reach USD 1,047 million by 2026, at a CAGR of 8.1%. Growing demand from the re-modeling and renovation industry in Europe and North America is likely to boost the timber laminating adhesives market.
Polyurethane: Fastest-growing Resin Segment
Polyurethane is the fastest-growing resin segment, in terms of volume, between 2021 and 2026.
One-component systems have been introduced for use for structural glulam and CLT. The use of adhesives has been increasing due to the constraints in lumber supplies, initiating the gluing of sub-flooring to the joists. The shortage of longer sizes of wood has led to the development of various engineered wood-laminated glued trusses for floor joints.
The bond reaches the required strength within a few hours and hardens in a few days. During the reaction of the active isocyanate groups present in the adhesive with the moisture in the wood, CO
2 is formed, which may cause some foaming. The cured bonds are more or less resistant to humidity and water.
Fastest Growth in APAC Region
Floor beams is the largest application segment, in terms of both volume and value, between 2021 and 2026. The use of wooden floor beams has increased due to the rise in new construction and renovation activities across the world. In addition to this, the rising trend in eco-friendly homes is driving the market.
Floor beams have a high demand in modern houses as they provide higher load carrying capacity, safety, and strength to the design while reducing the weight of the structure compared to concrete and steel. The use of timber laminating adhesives instead of fasteners during construction not only provides strength but also reduces the cost, time consumed, and weight of the structure significantly.
APAC is projected to be the fastest-growing market for timber laminating adhesives during the forecast period. APAC is the hub of foreign investment and booming industrial sectors due to the low-cost labor and cheap availability of lands. The rising population of the region, along with high disposable income and new opportunities in construction are driving the market.
Source: Research and Markets