Bioadhesives Market by Type (Plant Based and Animal Based), Application (Paper and Packaging, Construction, Woodworking, Personal Care, Medical, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 6 billion mark in 2022 and is expected to hit US$ 15 billion by 2030, recording a CAGR of 13% during the forecast period.
Fluctuating prices of crude oil is expected to drive bio adhesives market growth
Crude oil is extensively used in the manufacturing of petroleum-based adhesives. Fluctuating prices of petroleum feed stocks and crude oils is pushing manufacturers toward developing bio adhesives, supporting the market growth. Furthermore, increasing compostable bioadhesives demand for medical applications is likely to support the material’s demand globally.
Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into plant-based and animal-based. By application, the market is segregated into paper and packaging, construction, woodworking, personal care, medical, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Bio adhesives are the natural polymeric materials derived from the biological sugar monomers. Global adhesives manufacturers are shifting from producing petroleum-based adhesives to bioadhesives to ensure safety and avoid skin itching & other health issues due to the VOC emission from the synthetic adhesives. In addition, stringent governmental policies and regulations related to the usage of synthetic construction materials that are responsible for health issues is pushing manufacturers toward developing eco-friendly composite materials. These aspects are likely to accelerate the global bioadhesives market growth.
Increasing usage in various manufacturing industries to drive market growth
Bio adhesives are used in various industrial applications such as paper and packaging, construction, woodworking, personal care, medical, and others. Increasing demand for hot melt bioadhesives from the packaging sector is driving the paper and packaging segmental growth. Furthermore, increasing demand for the water-resistive, higher tensile strength-based bio adhesives for building and construction applications is expected to drive the construction segmental growth. Increasing bioadhesives usage in other industrial areas such as personal care, woodworking, medical, and others is also driving the market growth.
Recent strategic developments in bio adhesives market
The bio adhesives market has undergone several significant developments, and a few of these have been mentioned below:
- In February 2020, Henkel AG & Co. KGaA opened a new manufacturing facility for its performance solutions business in Pune, India. The facility is serving the production of sealants, bioadhesives, and surface treatment products.
- In May 2019, Arkema acquired Nitta-Gelatin Inc. owned industrial bioadhesives business to expand its adhesives business in Japan.
The bio adhesives market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Ashland Global Holdings Inc., Cryolife Inc., E.I. Dupont De Nemours, Inc., Ecosynthetix Inc., Henkel AG & Company, KGaA are among the prominent players operating in the market.
Target audience for the report:
- Composite materials manufacturers
- Composite materials suppliers and dealers
- Composite materials exporters
- Chemicals and materials industry-related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- End users of bio adhesives
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Type:
- Plant Based
- Animal Based
- Application:
- Paper and Packaging
- Construction
- Woodworking
- Personal Care
- Medical
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Ashland Global Holdings Inc.
- Cryolife Inc.
- E.I. Dupont De Nemours, Inc.
- Ecosynthetix Inc.
- Henkel AG & Company, KGaA
Companies profiled
- Ashland Global Holdings Inc.
- Cryolife Inc.
- E.I. Dupont De Nemours, Inc.
- Ecosynthetix Inc.
- Henkel AG & Company, KGaA