| Product Code: ETC8854950 | 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 |
The Philippines saw a notable shift in wood adhesives and binders import shipments in 2024, with top exporters including Japan, South Korea, China, USA, and Malaysia. The market displayed a decrease in concentration levels from 2023 to 2024, moving from a very high level to a more moderate one. Despite a negative growth rate in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 6.82%, indicating a steady expansion in the market over the past few years. This data suggests opportunities for market diversification and potential for sustainable growth in the Philippines` wood adhesives and binders sector.

This broader segment includes not only adhesives but also binders used in the production of wood panels such as MDF and particleboard. In the Philippines, this market is linked closely to the building materials and furniture manufacturing sectors. Environmental concerns are prompting a shift toward bio-based binders and low-VOC formulations. Growth is further supported by urban housing developments and export demand for engineered wood products.
This broader category, encompassing both adhesives and binders, supports various wood-based manufacturing activities such as plywood, particleboard, and composite products. Growth is tied to construction and furniture trends, with an increasing shift toward sustainable, water-based solutions. Investment in R&D is enhancing product performance and safety compliance.
The combined adhesives and binders segment faces regulatory pressures and supply chain vulnerabilities. With growing global scrutiny on formaldehyde emissions, manufacturers are pushed to adopt newer, safer formulations, which require significant R&D investment. However, limited technical expertise and dependence on imported specialty chemicals pose cost challenges. Market fragmentation, with many small-scale producers offering low-cost, low-quality options, also hampers the acceptance of advanced products in the mainstream market.
Expanding on adhesives, the binders segment in wood composites and panels offers additional opportunities. Investors can innovate with bio-based binders that reduce formaldehyde emissions, appealing to eco-conscious manufacturers and regulatory bodies.
Government policies impacting wood adhesives and binders are closely tied to industrial development and chemical safety regulations in the Philippines. The Department of Trade and Industry (DTI) encourages the local production of wood binders and adhesives as part of support for the furniture and construction sectors. Manufacturers are subject to compliance with environmental laws under RA 6969, while incentives may be granted to those investing in cleaner technologies. The Forest Products Research and Development Institute (FPRDI) under the Department of Science and Technology (DOST) also conducts research on alternative, eco-friendly binders using local biomass. Import regulations from the Bureau of Customs require technical documentation and compliance with Philippine National Standards (PNS). Thus, while no exclusive policy targets binders and adhesives, the market is shaped by overlapping frameworks supporting safe chemical use, local innovation, and sustainability in wood processing industries.
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 Philippines Wood Adhesives and Binders Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Wood Adhesives and Binders Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Wood Adhesives and Binders Market - Industry Life Cycle |
3.4 Philippines Wood Adhesives and Binders Market - Porter's Five Forces |
3.5 Philippines Wood Adhesives and Binders Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Wood Adhesives and Binders Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Wood Adhesives and Binders Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth of the construction industry in the Philippines |
4.2.2 Increasing demand for eco-friendly and sustainable products |
4.2.3 Rise in renovation and repair activities in the country |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Competition from alternative adhesive technologies |
4.3.3 Regulatory challenges related to environmental concerns and safety standards |
5 Philippines Wood Adhesives and Binders Market Trends |
6 Philippines Wood Adhesives and Binders Market, By Types |
6.1 Philippines Wood Adhesives and Binders Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Urea-Formaldehyde, 2021- 2031F |
6.1.4 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Melamine-Urea-Formaldehyde, 2021- 2031F |
6.1.5 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Phenol-Formaldehyde, 2021- 2031F |
6.1.6 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Isocyanates, 2021- 2031F |
6.1.7 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Soy-Based, 2021- 2031F |
6.1.8 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Wood Adhesives and Binders Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Flooring Products, 2021- 2031F |
6.2.3 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Furniture and Subcomponents, 2021- 2031F |
6.2.4 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Windows and Doors, 2021- 2031F |
6.2.5 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Cabinets, 2021- 2031F |
6.2.6 Philippines Wood Adhesives and Binders Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Wood Adhesives and Binders Market Import-Export Trade Statistics |
7.1 Philippines Wood Adhesives and Binders Market Export to Major Countries |
7.2 Philippines Wood Adhesives and Binders Market Imports from Major Countries |
8 Philippines Wood Adhesives and Binders Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly adhesives and binders in the market |
8.2 Growth in the number of construction permits issued in the Philippines |
8.3 Utilization rate of wood adhesives and binders in the furniture manufacturing sector |
9 Philippines Wood Adhesives and Binders Market - Opportunity Assessment |
9.1 Philippines Wood Adhesives and Binders Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Wood Adhesives and Binders Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Wood Adhesives and Binders Market - Competitive Landscape |
10.1 Philippines Wood Adhesives and Binders Market Revenue Share, By Companies, 2024 |
10.2 Philippines Wood Adhesives and Binders Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |