The report "Timber Laminating Adhesives Market by Resin type (MF, PRF, PU, EPI), Application (Floor Beams, Roof Beams, Window & Door Headers, Trusses & Supporting Columns), End-use (Residential, Non-residential), and Region - Global Forecast to 2026", 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 use of timber laminating adhesives is expected to grow in floor beams, roof beams, window and door headers, trusses and supporting columns and others, is expected to increase in the next five years.
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.
Europe is projected to be the largest market for timber laminating adhesives. The European market for timber laminating adhesives is driven by countries such as Germany, France, Turkey, Italy, and the UK. Headquarters of major timber laminating adhesive manufacturing companies such as Akzo Nobel N.V. (Netherlands), Henkel AG (Germany), and Arkema (France) are based in Europe
