A favourite adhesive - Low cost, easy to mix and use, with high strength, water resistant and with low creep a really good waterproof adhesive for joinery and construction. If you laminate timber, then this is an excellent adhesive to use
This type of glue is often sold under the brand name 'Cascamite'
It is specifically formulated resin powder wood glue for exterior joinery and is possibly the only wood glue that can be used underwater, hence widely used for boatbuilding as well as normal carpentry, joinery and furniture making etc. The glue produces a very strong bond, it also has good gap filling properties.