Aliphatic Resin Glue Market 2021: Analysis by Top Key Players, Current Industry Status, Growth Opportunities, Target Audience and Forecast to 2031

Aliphatic Resin Glue market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry

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Who are the Key Suppliers/Manufacturers of Aliphatic Resin Glue?

The market is characterized by a mix of small and large players which includes

  • Exxon Mobil
  • BASF
  • Dow Chemical
  • SABIC
  • LyondellBasell LG Chem
  • DuPont
  • INEOS
  • Evonik Industries
  • Covestro
  • Solvay SA
  • Royal DSM
  • Chevron Phillips
  • Formosa Plastics Group
  • Lanxess
  • Celanese Corporation

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Due to a large number of players operating in the sector, the market is fragmented and highly competitive. The producers’ key business strategies include new product development, alliances, and contracts with key stake holders in the market. Producers in the industry are also concentrating on the creation of environmentally friendly resins. Owing to such initiatives, the market has remained competitive in nature and is anticipate to create immense growth opportunities in the future.

Key Segments

By Resin type

  • Phenolic Resins
  • Melamine/Formaldehyde
  • Aliphatic Resins
  • Urea Resins
  • Others

By Material type

  • Powdered type
  • Spray type
  • Emulsion type
  • Liquid foams type

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By Application

  • Wood Works
  • Construction
  • Paper and Packaging
  • Transportation
  • Leathers and Footwear

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Argentina & Rest of Latin America
  • Europe
    • Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
  • East Asia
    • China, Japan, South Korea
  • South Asia
    • India, Thailand, Malaysia, Indonesia and Rest of South Asia
  • Oceania
    • Australia and New Zealand
  • Middle East and Africa
    • GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

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A major factor expected to drive the growth of the target market over the forecast period is increasing the demand across the various end-use industries such as paper and packaging and building and construction. In addition, the target industry’s sales growth is expected to be aided by the expanding reach of its application in the woodworking industry during the forecast period.

The market is growing due to the increasing demand in consumer application and transportation. Further, demand will be fueled by recent technological advancements in commercial aspects of resin glue, as well as the trend of sustainable construction and the growth of smart cities.

Phenolic Resin Glue is also known as formaldehyde glue, is one of the oldest synthetic polymers, having been produced in 1872. It is commonly used to bind thin sheets of wood together to form plywood or wood chip to create particleboard since it is one of the cheapest glue present in the market.

Over the past few decades, polyurethane or epoxy adhesive have largely replaced phenolic glues in some applications but superior adhesion to most substrates, good high-temperature properties, water and weather resistance, resistance to fire, and high strength are just a few of the advantages. Phenolic resins are often used in adhesive formulations as a base resin or a modifier. Owing to these factors, Phenolic resins have remained in demand and is anticipated to remain consistent throughout the forecast period.

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