| Product Code: ETC8638650 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a decrease in the Compound Annual Growth Rate (CAGR) from 2020-2024 and a significant drop in growth rate from 2023-2024, Nigeria continues to heavily rely on imports of wood adhesives and binders from top exporting countries such as China, India, Germany, Portugal, and the USA. The high Herfindahl-Hirschman Index (HHI) in 2024 indicates a market concentration among these key exporters. This data suggests potential challenges and opportunities for market players in the wood adhesives and binders industry in Nigeria, emphasizing the importance of strategic planning and market analysis.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Wood Adhesives and Binders Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Wood Adhesives and Binders Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Wood Adhesives and Binders Market - Industry Life Cycle |
3.4 Nigeria Wood Adhesives and Binders Market - Porter's Five Forces |
3.5 Nigeria Wood Adhesives and Binders Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Wood Adhesives and Binders Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Wood Adhesives and Binders Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in Nigeria, leading to increased demand for wood adhesives and binders. |
4.2.2 Rising awareness about sustainable and eco-friendly adhesive solutions driving the market. |
4.2.3 Government initiatives promoting local manufacturing and industrial growth, boosting the market. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Lack of skilled labor and technical expertise for efficient application of wood adhesives. |
4.3.3 Competition from alternative materials like plastic, metal, and composite materials. |
5 Nigeria Wood Adhesives and Binders Market Trends |
6 Nigeria Wood Adhesives and Binders Market, By Types |
6.1 Nigeria Wood Adhesives and Binders Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Urea-Formaldehyde, 2021- 2031F |
6.1.4 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Melamine-Urea-Formaldehyde, 2021- 2031F |
6.1.5 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Phenol-Formaldehyde, 2021- 2031F |
6.1.6 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Isocyanates, 2021- 2031F |
6.1.7 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Soy-Based, 2021- 2031F |
6.1.8 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Nigeria Wood Adhesives and Binders Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Flooring Products, 2021- 2031F |
6.2.3 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Furniture and Subcomponents, 2021- 2031F |
6.2.4 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Windows and Doors, 2021- 2031F |
6.2.5 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Cabinets, 2021- 2031F |
6.2.6 Nigeria Wood Adhesives and Binders Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Wood Adhesives and Binders Market Import-Export Trade Statistics |
7.1 Nigeria Wood Adhesives and Binders Market Export to Major Countries |
7.2 Nigeria Wood Adhesives and Binders Market Imports from Major Countries |
8 Nigeria Wood Adhesives and Binders Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly wood adhesive products in Nigeria. |
8.2 Number of new construction projects utilizing wood adhesives and binders. |
8.3 Rate of technological advancements and innovations in wood adhesive products in the market. |
9 Nigeria Wood Adhesives and Binders Market - Opportunity Assessment |
9.1 Nigeria Wood Adhesives and Binders Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Wood Adhesives and Binders Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Wood Adhesives and Binders Market - Competitive Landscape |
10.1 Nigeria Wood Adhesives and Binders Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Wood Adhesives and Binders Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |