Top Factors Driving the Global Timber Laminating Adhesives Market During 2020-2026| MarketsandMarkets™
Verfasser: ashwani_kailiya on Monday, 8 November 2021The 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.
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Driver: Rising use in non-residential sector
Due to the International Building Code 2021, the application of laminated timber is expected to increase in non–residential segments such as schools, offices, and other public places. In the US, timber is majorly used in the residential segment but with the introduction of the new international building code, use in the non-residential segment is expected to increase. Taller buildings could be constructed using timber.
Restraint: Volatility in raw material prices