North America is considered the second largest luxury furniture market.
Increasing demand for bio-based wood adhesives is a key trend in the global market, according to a recent market research report on the global wood adhesives market from 2017-2021 from Technavio. The top three emerging market trends driving the global wood adhesives market, according to the report, are:
“The demand for wood adhesives is increasing in China due to an increase in the production of wood composites. The recycled wood is used to produce wood composite products. These products require wood adhesives during their manufacturing. In addition, the market will benefit from growth in the furniture manufacturing and construction industries,” said Mohd Shakeel Iqbal, a lead analyst from Technavio.