According to a report recently released by Report Linker, the global wood adhesives market is expected to reach $5.24 billion by 2026, registering CAGR of 3.1% from 2016 to 2026. This mainly results from the growth of the construction industry, rising urban population, recovery of the global economy, and growth in the furniture industry. But the application of fiberboard and metal in home furniture manufacturing will limit the growth of the global wood adhesives market. In terms of both volume and value, the furniture application segment is anticipated to grow at the highest CAGR over the forecast period. The construction of new houses and renovation and remodeling activities has also increased in the past few years. This further drives up the sales of new furniture and the repair and maintenance of old furniture. In terms of volume, Asia-Pacific was the dominant wood adhesives market around the globe in 2015. China and Japan are the two major wood adhesives markets in this region. The increase in the number of residential and commercial buildings and rapid urbanization in China and India are likely to drive the furniture and woodworking markets in this region.