This market study report presents a detailed segmentation of the global bioadhesives market by source (plant based and animal based), by application (packaging, construction, furniture and wood, personal care, medical, and others), and by geography (APAC, Europe, North America, and ROW). The key leading vendors identified in the market are 3M Company, Arkema, Ashland, Henkel, Paramelt, and Dow Chemical Company
Technavio has released a new market research report on the global bioadhesives market, which is expected to grow at a CAGR of 13% between 2016 and 2020. The introduction of stringent environmental regulations and the potential use of bio-based adhesives in many industries will increase the demand for flexible, eco-friendly packaging adhesives during the forecast period. The market is expected to expand due to the rising consumption of environment-friendly bioadhesives for many applications. Europe dominates the global market for bioadhesives, occupying 43% of the overall market share. Much of this region’s growth comes from the growing demand for these adhesives from paper and packaging, construction, and medical segments.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Growing need for biocompatible solutions for wound healing, improved tissue sealants, biological thickeners, and better aesthetics has led to the development of bioadhesives. Of late, the manufacturers are developing ocular transmission bioadhesives, L-3, 4-dihydroxyphenylalanine (L-DOPA), and frog tissue pad-based bioadhesives. Moreover, the vendors are also coming up with polysaccharide-based adhesives for drug delivery systems,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research
Currently, the plant-based bioadhesives segment dominates the bioadhesives market, accounting for nearly 85% of the total market share. Plant-based bioadhesives made from soy, starch, and corn find widespread applications in many applications. Factors such as easy availability of reliable products and increasing demand from personal care, medical, and packaging industries will aid in the growth of this market segment during the forecast period.
The key players in the global bioadhesives market are 3M Company, Arkema, Ashland, Henkel, Paramelt, and Dow Chemical Company. This market is characterized by the presence of several well-diversified vendors. Factors like recent technological advancements, raw material improvements, and the development of new techniques are expected to drive the demand for bioadhesives on a global scale.
A more detailed analysis is available in the Technavio report, Global Bioadhesives Market 2016-2020.
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