Category: Business

Timber laminating adhesives are special adhesives that are used to bond wood layers together during the timber lamination process. Several layers of wood are bonded together with a special adhesive to create a more durable and stronger material. The need for stronger and more durable materials for a variety of applications drives the use and demand for timber laminating adhesives. These adhesives are used in the manufacture of wood products such as engineered wood floors, decking, and furniture. They are also used in the construction of structures such as buildings and bridges. As the demand for more durable and stronger materials grows, the demand for timber lamination adhesives is expected to remain strong in the coming years. The 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%. The key market players are Henkel AG (Germany), 3M Company(U.S), Arkema (Bostik), AkzoNobel N.V. (Netherlands), , Sika AG (Switzerland). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market. Henkel is among the leading companies in all the three sectors of its business i.e., Adhesive Technology, Laundry & Home Care, and Beauty Care. The company operates globally with a well-balanced and diversified portfolio. It caters to both, industrial and consumer markets in all the three sectors. Henkel Adhesive Technologies deals in adhesives, sealants, and functional coatings. Henkel has a diversified portfolio for the respective market segments: industrial, consumers, and craftsmen. The industrial product portfolio is organized into five Technology Cluster Brands – Loctite, Technomelt, Bonderite, Teroson, and Aquence. For consumers and craftsmen, the four global brands offered are Pritt, Loctite, Ceresit, and Pattex. PURBOND and DORUS offer timber laminating adhesives through the adhesive technologies segment. 3M operates in four business segments: Safety & Industrial, Transportation & Electronics, Healthcare, and Consumer. In these segments, 3M offers a variety of products including adhesives, bonding materials, coatings, and specialty materials. The company produces a variety of adhesives through all its business segments for various purposes. It manufactures timber laminating adhesives for varied applications through its industrial and consumer segments.