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Bioadhesives Market size

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The global bioadhesives market surpassed 750 kilo tons in 2015. It is estimated to reach nearly 2.5 million tons by 2024 from 2 million tons in 2023.
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Bioadhesives Market Analysis, Size, Share, Growth, Industry
Trends and Forecasts to 2024 - Hexa Research
" The global Bioadhesives Market surpassed 750 kilo
tons in 2015. It is estimated to reach nearly 2.5
million tons by 2024 from 2 million tons in 2023."
The global Bioadhesives Market exceeded 750 kilo tons in 2015. The capacity is estimated to increase from 2
million tons in 2023 to almost 2.5 million tons by 2024. Demand for bio-based eco-friendly products is
anticipated to drive the market during the forecast period (2016-2024). Greater awareness about the adverse
effects of synthetic materials can propel market growth. Additionally, bio-based origin and low manufacturing
costs should execute a primary role in industry growth.
The use of bioadhesives in flexible packaging could boost demand for the product. Moreover, robust demand
from chemical and healthcare applications may impel market growth. Most governments worldwide are
regulating chemical industries in an attempt to reduce the use of fossil fuels. This coul d substantially increase
the demand for bioadhesives. Environmental regulations that promote the use of biodegradable products could
positively impact the market.
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The global bioadhesives market is fragmented into sources, applications, and regions. Sources are split into
animal base and plant base. Starches and gelatin are the key ingredients that are used in these bonding agents.
In 2014, plant based adhesives dominated with more than 85% of the total market volumes. Availability of raw
materials, like soy, corn, and starch at low prices is projected to increase the production of these glues during
the forecast period.
Animal based adhesives could expand at a CAGR of over 13% till 2024. These glues are derived from animal
bones, hides & hooves and are commonly used in wood work. However, the low shelf-life of such adhesives can
hinder the growth of the bioadhesives industry.
On the basis of applications, the industry is divided into personal care, medical, packaging & paper,
construction, and wood, among others. Packaging & paper led the application segment in 2014, with the
highest share (in terms of volume) of over 37%. Application of bioadhesives in food & beverages packaging will
drive this segment till 2024. Bioadhesives are mostly used in industries, such as print ed sheets lamination,
cigarettes & filters, specialty packaging, and flexible packaging. These adhesives should necessarily exhibit high
elasticity, durability, and eco-friendliness. Also, they need to be renewable, biodegradable, and safe enough to
be used in food packaging.
Construction was the second largest application in 2014 and is likely to exhibit considerable growth till 2024.
This application uses bioadhesives for wall lamination and residential roofing. Medical applications held nearly
10% shares in 2014. They would grow at over 13% CAGR during the forecast period. The adhesive is used
extensively in applications, such as transdermal drug delivery, dressing wounds, skin -bonded monitoring
devices, and surgeries. These natural adhesives possess biocompatible properties that make them ideal for uses
involving skin and body tissues.
Regions are segmented into Europe, North America, Central & South America (CSA), and the Middle East &
Africa (MEA). Europe accounted for the highest market demand in 2014 and will continue to dominate the
market till 2024. Strict governmental regulations about the use of bio-based ingredients will play a significant
role in driving demand.
North America held the second highest share after Europe, in the global market in 2014. The region’s favorable
performance can be attributed to the growth of packaging & paper and construction industries. Also,
awareness about and demand for environment friendly, natural, and bio-safe products can increase the
demand for bioadhesives.
The global bioadhesives market is highly competitive one. Its leading manufacturers are Ecosynthetix
Incorporated, SCION, and Cryolife Incorporated. Together they account for around 70% of the total market
shares. Ecosynthetix dominates the market with a large margin.
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Table of Content of Bioadhesives Market
1. Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Bioadhesives Market
3. Industry Outlook
3.1 Bioadhesives Market Segmentation
3.2 Bioadhesives Market Size and Growth Prospects
3.3 Bioadhesives Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Bioadhesives Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
6. Competitive Landscape
6.1 Ecosynthetix Incorporated
6.1.1 Company Overview
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6.1.2 Revenue Analysis
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 SCION
6.2.1 Company Overview
6.2.2 Revenue Analysis
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Cryolife Incorporated
6.3.1 Company Overview
6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research
and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
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