Global Bioadhesive Market to Reach US$ 8.2 Billion by 2032, Stimulated by Increasing Adoption of Bio-Based Products

August 24, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Bioadhesive Market Report by Type (Plant-Based, Animal-Based), End Use (Paper and Packaging, Construction, Wood, Personal Care, Healthcare, and Others), and Region 2024-2032,” the global bioadhesive market size reached US$ 2.8 Billion in 2023. Bioadhesive is the specialized type of adhesive that has the ability to adhere to biological surfaces, such as tissues, skin, or mucous membranes. It is designed to create strong bonds with biological substrates, making it invaluable in various medical and pharmaceutical applications. It offers several advantages, including their biocompatibility, biodegradability, and non-toxic nature, which makes it suitable for use in medical devices, drug delivery systems, and tissue engineering. It is widely used in wound closure and surgical procedures, where it can effectively seal wounds and promote healing without the need for sutures or staples. It also provides a more comfortable and less invasive solution for patients, reducing the risk of infection and scarring. Additionally, it is utilized in drug delivery, as they can be used to attach therapeutic agents directly to targeted tissues or organs, enabling sustained and localized drug release.

Global Bioadhesive Market Trends:

The increasing awareness and adoption of bio-based and eco-friendly products in various industries is driving the global market. Bioadhesives, being derived from renewable resources such as plants, animals, and microorganisms, are considered more environmentally friendly compared to conventional petroleum-based adhesives, which has led to a growing demand for bioadhesive solutions. Furthermore, stringent environmental regulations and policies imposed by governments across the globe have accelerated the adoption of sustainable adhesive solutions. As traditional adhesives are associated with harmful volatile organic compounds (VOCs) and other environmental concerns, industries are shifting towards bioadhesives to comply with these regulations and reduce their carbon footprint. Additionally, research and development efforts in the field of bioadhesives have led to continuous advancements, improving their performance, and expanding their potential applications. These innovations have increased the interest of various industries, leading to increased investments and market growth. Looking forward, the market value is projected to reach US$ 8.2 Billion by 2032, expanding at a CAGR of 12.2% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into plant-based and animal-based. Currently, the plant-based represents the largest market segment.
  • On the basis of the end-use, the market has been divided into paper and packaging, construction, wood, personal care, healthcare, and others. Among these, paper and packaging exhibit a clear dominance in the market.
  • Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Among these, Europe holds the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Type
  • End-Use
  • Region
Types Covered Plant-Based, Animal-Based
End Uses Covered Paper and Packaging, Construction, Wood, Personal Care, Healthcare, Others
Regions Covered North America, Asia Pacific, Europe, Latin America, Middle East and Africa
Companies Covered Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Bioadhesive Market to Reach US$ 8.2 Billion by 2032, Stimulated by Increasing Adoption of Bio-Based Products
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