Bioadhesives refer to naturally occurring polymeric materials which have adhesive properties, or materials designed to adhere to biological surfaces. They also include glues formed using biological intermediates such as cellulose, starch or gelatin. In recent years, the popularity of bioadhesives has increased as they are environment-friendly and produced from renewable resources as opposed to synthetic adhesives. Owing to this, they are extensively being used in diverse industries ranging from medical to packaging. According to IMARC Group’s latest report, titled “Bioadhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global bioadhesive market reached a value of US$ 1.4 Billion in 2017.
A wide range of applications represent the key factor driving the global bioadhesive market. Increasing consumer awareness about the adverse effects of synthetic materials and inclination towards natural products has resulted in an augmented demand for bioadhesives. Moreover, stringent government regulations for environment protection and encouraged use of bio-based products has facilitated the market growth. This has further prompted the manufacturers to launch advanced bioadhesive materials in the market. Growth in end-use industries, research and development, and increased investments are some of the other factors stimulating the growth of the global bioadhesive market. Owing to the abovementioned factors, the market is expected to reach a value of US$ 3 Billion by 2023, growing at a CAGR of 13.4% during 2018-2023.
The report has segmented the market on the basis of type into plant-based and animal-based bioadhesives. The bioadhesive market has further been categorised on the basis of end-use, including paper and packaging, construction, wood, personal care, healthcare and others. Amongst these, paper and packaging represents the largest end-use segment. Region-wise, Europe dominates the market, followed by North America and Asia Pacific. Other major regions include Middle East and Africa, and Latin America. The report has also analysed the competitive landscape of the market with some of the key global players being Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix.
This report provides a deep insight into the global bioadhesive market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the bioadhesive industry in any manner.
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