Demand for Bio-based Wood Adhesives and Binders to Rise due to Environmental Benefits and Reduced Manufacturing Cost

The global wood adhesives and binders market is fragmented, with the top four companies accounting for 36% of the total market in 2013. These companies are Dow Chemical Company, 3M Company, Henkel AG and Co. KGaA, and HB Fuller. The wood adhesives and binders market is capital intensive and requires huge setup cost, Transparency Market Research (TMR). This makes it difficult for entry difficult for new players. The R&D required for the development of customized products is very expensive and thus, only existing players who operate on a large scale are able to afford it. This makes the market consolidated with only a few companies benefitting from integration, leading to increased competition. However, new entrants with a strong financial backing can hope for prospective opportunities in bio-based adhesive formulations.

Demand for Bio-based Wood Adhesives and Binders to Rise due to Environmental Benefits and Reduced Manufacturing Cost

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