Global $9.1Bn Bioadhesives Market Study, 2019-2024 - Increasing Demand for Environmentally-friendly Products

DUBLIN, Dec. 10, 2019 /PRNewswire/ -- The "Bioadhesives Market by Type (Plant Based, Animal Based), Application (Paper & Packaging, Construction, Woodworking, Personal care, Medical), Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecasts to 2024" report has been added to ResearchAndMarkets.com's offering.

The global bioadhesives market size is projected to grow from USD 5.6 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 10.0%, between 2019 and 2024.

The demand for bioadhesives, especially for green products, is increasing due to their use across varied applications in various vertical industrial segments. The rising need for improved performance, durability, and ease-of-use of eco-products are the key factors contributing to the growth of the bioadhesives industry. The market demand is led by regions, including Europe and North America.

The key companies profiled in this report are Henkel AG (Germany), DuPont de Nemours, Inc., (US), Ashland Global Holdings Inc. (US), EcoSynthetix (Canada), Arkema S.A. (France), DaniMer Scientific LLC (US), Tate & Lyle PLC (UK), L.D. Davis Industries, Inc., (US), and Ingredion Incorporated (US)

The plant-based adhesives segment is expected to account for the larger share of the overall bioadhesives market during the forecast period.

The increasing demand from end-use industries as well as from consumers for sustainable products is the key factor that is expected to drive the bioadhesives market. Bioadhesives are safer on the environment as compared to its commercially available synthetic substitutes. With various research and development initiatives taken by product manufacturers as well as research institutes, various applications of bioadhesives have been discovered over the past few years.

The bioadhesives market in the medical application is expected to witness the highest CAGR during the forecast period.

Improved and developing growth opportunities in emerging and growing markets of APAC is a vital driver of the future growth of the medical industry. It is projected that APAC's demand for medical equipment will increase in double digits in the next five years. This is due to an increase in health awareness and technological development in countries, including India, China, Japan, and South Korea. These are the vital parameters accounting for enhanced demand for bioadhesives from the medical industry.

APAC bioadhesives market is projected to register the highest CAGR during the forecast period.

The APAC bioadhesives market is segmented into China, Japan, India, Indonesia, Thailand, and Rest of APAC. APAC is expected to be the fastest-growing market during the forecast period, in terms of volume. This is due to the high economic growth rate, increasing standard of living, rise in disposable income, and a surge in construction, packaging, medical, personal care, and other industries.

Research Coverage

This report provides detailed segmentation of the bioadhesives market based on type, application, and region. Based on type, the bioadhesives industry has been segmented into plant-based and animal-based bioadhesives. Based on application, the market has been segmented into Paper & Packaging, Construction, Woodworking, Personal Care, and Medical. Based on region, the market has been segmented into APAC, Europe, North America, South America, and the Middle East & Africa.

Key Benefits of Buying the Report

From an insights perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Bioadhesives Market
4.2 Bioadhesives Market, By Type
4.3 Bioadhesives Market, By Application
4.4 Bioadhesives Market, Developed vs Developing Countries
4.5 APAC: Bioadhesives Market, By Type and Application
4.6 Bioadhesives Market: Major Countries

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Various Regulations & Policies Against the Use of Petrochemical-Based Adhesives
5.2.1.2 Growth of Biotechnology and Innovations By Market Players
5.2.1.3 Continuous Fluctuation in Prices of Crude Oil
5.2.1.4 Growing Demand From End-Use Industries
5.2.2 Restraints
5.2.2.1 Competition From Substitutes
5.2.2.2 Limited Performance Capabilities as Compared to Conventional Adhesives
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Environmentally-Friendly Products
5.2.3.2 Stringent Regulations to Reduce Voc Emissions
5.2.4 Challenges
5.2.4.1 Advanced Technological Know-How
5.2.4.2 Regulatory Approvals
5.2.5 Porter's Five Forces Analysis
5.2.6 Threat of New Entrants
5.2.7 Threat of Substitutes
5.2.8 Bargaining Power of Buyers
5.2.9 Bargaining Power of Suppliers
5.2.10 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends

6.1 Introduction
6.1.1 Trends and Forecast of GDP
6.1.1.1 Trends and Forecast in the Construction Market
6.1.1.2 Trends in Healthcare & Hygiene Market

7 Market Megatrends and Relevant Markets

7.1 Effects of Future Trends and Technology Disruptions in the Adhesives Market
7.1.1 Adhesives Market
7.1.2 Healthcare Market Trends
7.1.2.1 Rising Prominence of Adhesive Dentistry
7.1.2.2 Growing Preference for Gelatin-Based Adhesives and Hydrogels in Surgical Procedures
7.1.2.2.1 Natural/Biological Adhesives & Sealants

8 Bioadhesives Market, By Type

8.1 Introduction
8.2 Plant Based
8.2.1 Soybean
8.2.1.1 Soy-Based Adhesives are Low Cost, Readily Available, and Environmentally Safe
8.2.2 Lignin
8.2.2.1 Lignin-Based Bioadhesives are Expected to Gain Significant Market Share as Bio-Refineries Come Up With New Types of Lignins, Regularly
8.2.3 Others
8.3 Animal Based
8.3.1 Collagen
8.3.1.1 Collagen-Based Adhesive is Made From A Combination of Bovine Thrombin and Freeze-Dried Bovine Collagen Powder That is Rehydrated, Forming A Gelatin Matrix
8.3.2 Fish
8.3.2.1 The Major Applications for This Type Include Wood, Furniture, Paper, and Packaging
8.3.3 Fibrin
8.3.3.1 Fibrin Adhesives are Relatively Weak and Used Primarily as A Sealant and Hemostatic Agent, But are Also Considered Adhesives
8.3.4 Blood
8.3.4.1 Blood Adhesive is Not Used as Widely as Compared to Other Animal-Based Adhesives, But has Good Adhesion to Leather, Paper, Cork, Metals, and Textiles
8.3.5 Casein
8.3.5.1 The Major Application of Casein Adhesive is in the Beverage Industry for Labelling Bottles
8.3.6 Others

9 Bioadhesives Market, By Application

9.1 Introduction
9.2 Paper & Packaging
9.2.1 Food Packaging
9.2.1.1 The Trends Shaping the Future of Food Packaging Include Sustainability, Bold & Brand Specific Colors, and Personalized Products
9.2.2 Consumer Goods Packaging
9.2.2.1 Increase in Awareness Regarding the Harmful Effects of Plastic Packaging Products on the Environment has Resulted in an Increased Demand for Sustainable Products, Including Bioadhesives
9.2.3 Pharmaceutical Packaging
9.2.3.1 Rise in R&D Activities, Increased Outsourcing to Contract Packagers, Introduction of Innovative Packaging Materials, and Penetration of Generic Drugs have Led to an Increased Demand for Pharmaceutical Packaging
9.3 Construction
9.3.1 Floors
9.3.1.1 Synthetic Adhesives Often Emit VOCS, Hence Bioadhesives are Displacing Them
9.4 Woodworking
9.4.1 Furniture
9.4.1.1 Changing Consumer Demographics, Growing Tourism & Hospitality Market and Real Estate Markets Across the Globe are Helping to Boost the Furniture Market
9.4.2 Doors & Windows
9.4.2.1 Increasing New Residential and Commercial Construction and Remodelling Trends are Expected to Positively Influence the Demand for Bioadhesives
9.4.3 Joinery
9.4.3.1 Bioadhesives are Used to Provide Additional Strength, Protection, and Increased Service Life to the Joints
9.4.4 String Instruments
9.4.4.1 A Rise in the Number of Music Hobbyists, Especially From the Millennial Generation, is Expected to Boost the Demand for String Instruments And, in Turn, Help Boost the Demand for Bioadhesives
9.5 Personal Care
9.5.1 Skin Care
9.5.1.1 Bioadhesives Do Not Contain Any Harmful Chemicals and Thus are Being Used in Skin Care Products
9.5.2 Hair Care
9.5.2.1 The Increasing Use of the Natural and Organic Hair Care Products has Led to an Increased Demand for Bioadhesives
9.5.3 Cosmetics
9.5.3.1 Increasing Demand for Products That are Safe on the Skin has Led to Bioadhesives Gaining Popularity in the Cosmetics Segment
9.6 Medical
9.6.1 Internal
9.6.1.1 Bioadhesives are Used in Places Where Other Techniques, Such as Suturing are Ineffective Or Impractical
9.6.2 External
9.6.2.1 External Bioadhesives Can Prevent Fluid Leakage From Surgical Wounds and Incisions, and have Proven to Reduce Healing Time, Significantly
9.7 Others

Companies Profiled

• Henkel AG & Company, KGaA
• Dupont De Nemours, Inc.
• Ashland Global Holdings Inc.
• Ecosynthetix Inc.
• Paramelt B.V.
• Arkema S.A.
• Danimer Scientific LLC
• The Compound Company (Yparex)
• Cryolife Inc.
• Jowat SE
• Kollodis Biosciences, Inc.
• Beardow Adams Group
• Tate & Lyle
• L.D. Davis Industries, Inc.
• Ingredion Incorporated
• Weiss Chemie + Technik GmbH & Co. KG
• Premier Starch Products Pvt. Ltd.
• Avebe U.A.
• Wisdom Adhesives Worldwide
• U.S. Adhesives Inc.
• C.B. Adhesives Ltd

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