As cited by the research report titled ‘Global Timber Laminating Adhesives Market Size study, by Resin Type (Melamine (Urea) Formaldehyde Adhesives (MF & MUF), Phenol Resorcinol Formaldehyde (PRF) Adhesives, Polyurethane, Emulsion Polymer Isocyanate (EPI) Adhesives, Others), by Application (Floor Beams, Roof Beams, Window and Door Headers, Trusses and Supporting Columns, Others), by End-Use Industry (Residential, Non-residential), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global timber laminating adhesives market was valued at USD 0.702 billion in 2020 and is estimated to record a CAGR of 8.1% over 2021-2027, subsequently accumulating a valuation of USD 1.21 billion by the end of forecast period.
 

Increasing construction activities coupled with growing urban population are majorly driving global timber laminating adhesives market growth. Furthermore, surging demand for low-VOC (volatile organic compounds) adhesives is generating lucrative opportunities for market development.
 

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Speaking of negatives, variability in raw material prices is likely to act as a bottleneck for the industry progression over the projected timeline of 2021-2027.
 

For the record, timber laminating adhesives are mainly used in building and construction industry, with a large-scale use in glue laminated timber (glulam) and cross laminated timber (CLT) which exist as straight laminated beams, curved laminated beams, wall beams, and I-beams. The main function of these adhesives is to keep multiple layers of the beams bound together.
 

Based on resin type, worldwide timber laminating adhesives industry is segmented into melamine (urea) formaldehyde adhesives, polyurethane, emulsion polymer isocyanate adhesives, phenol resorcinol formaldehyde adhesives, and others. Meanwhile the application range includes, floor beams, window & door headers, roof beams, trusses & supporting columns, and others. Considering the end user range, the marketplace is divided into residential, and non-residential.
 

The geographical analysis of the industry extends to Asia Pacific, Europe, North America, and Latin America. Europe is expected to capture significant market share over the estimated timeframe, on account of presence of established players, as well as technological advancements & new product developments in the region.
 

Leading players in global timber laminating adhesives marketplace are Collano AG, Jowat SE, Pidilite Industries Ltd., Dow Inc., Akzo Nobel N.V., Ashland Global Specialty Chemicals Inc., Arkema S.A., Sika AG, 3M Company, and Henkel AG & Co. KGaA.