Bioadhesives Market Registering At A USD 2,549.2 Million By 2022


 San Francisco, 15 Nov 2023: The Report Bioadhesives Market Size, Share & Trends Analysis Report By Source (Plant-based, Animal-based), By Application (Packaging & Paper, Construction, Wood, Personal Care, Medical), And Segment Forecasts, 2015 - 2022

The global bioadhesives market size is expected to reach USD 2,549.2 million by 2022, according to a new study by Grand View Research, Inc. Volatile prices of synthetic adhesives on account of fluctuation in raw material prices are expected to remain a key driving factor for the global bioadhesives market. Government support to promote the use of natural, environmentally friendly products particularly in North America and Europe is also expected to have a positive influence on market growth. Growth of key end-use industries such as packaging, construction, and automotive particularly in emerging markets of Asia Pacific is also expected to impact the demand positively. The low shelf life of bioadhesives compared to synthetic adhesives is expected to remain a key challenge for market participants. 

Plants were the largest source for bioadhesives and accounted for over 87.0% of the total market volume in 2014. Promising plant-based adhesives such as starch, soy, and corn find wide application across various end-use industries and are expected to provide lucrative opportunities to industry participants and augment global market growth.  Animal-based adhesives are expected to witness steady growth of 13.2% from 2015 to 2022.

Access Research Report of Bioadhesives Market @ https://www.grandviewresearch.com/industry-analysis/bioadhesives-market

Further key findings from the study suggest:

  • Global bioadhesives market demand was 784.0 kilo tons in 2014 and is expected to reach 2,046.8 kilo tons by 2022, growing at a CAGR of 13.0% from 2015 to 2022.
  • Packaging & paper was the leading application segment and accounted for 37.2% of the total market volume in 2014. Growing demand for natural products for packaging particularly from the food & beverages industry is expected to drive this segment over the forecast period. Medical is expected to witness the highest growth of 13.8% from 2015 to 2022. Increasing the application base of bioadhesives in the medical industry such as surgical bioadhesives wound care dressing and transdermal drug delivery systems are expected to drive this segment.
  • Europe emerged as the largest regional market and accounted for 43.2% of total consumption in 2014. Germany emerged as the leading bioadhesives consumer in Europe. Government support in the form of cash grants up to 50% for bioadhesive manufacturers coupled with emission reduction norms in the wood industry is expected to drive the regional growth over the forecast period. Asia Pacific bioadhesives market is expected to exceed USD 500 million by 2022.
  • The global bioadhesives market is moderately consolidated with the presence of large scale and small scale companies. Some of the major companies operating in the global market include Henkel AG & Co., Ashland, Arkema SA, Ecosynthetix Inc., 3M Company, Danimer Scientific LLC, Cryolife Inc., Yparex B.V., Dow Chemical Company, Adhesives Research Inc., Paramelt, Adhbio, and Bioadhesive Alliance Inc. 

Access Press Release of Bioadhesives Market @ https://www.grandviewresearch.com/press-release/global-bioadhesives-market

 

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