Global BioadhesivesMarket is expected to reach USD 2.54 billion by 2022. Bioadhesives are natural polymeric materials used to join two surfaces where at least one of them is a living tissue. It is exclusively used as a substitute for traditional drug dosage system and as a replacement for surgical sutures. The bioadhesives market is estimated to grow at a significant CAGR of 13.0% over the forecast period as the scope and its applications are rising enormously across the globe.
The
factors that are playing a major role in the growth of bioadhesives market are
high demand from major key manufacturers from developed countries, growing
R&D sectors for the development of innovative techniques for the use of
bioadhesives, and increasing development of bio-raw materials. However, the
short shelf life of bioadhesives may restrain overall market growth in the
years to come. Bioadhesives industry is segmented based on types, application,
and region.
Animal-based
and plant-based bioadhesives are the types that could be explored in
bioadhesives in the forecast period. Plant-based bioadhesives sector accounted
for the substantial market share of bioadhesives and is estimated to lead the
overall market in the years to come. The reason could be abundance; that too,
at low cost. Plant-based bioadhesives comprise maize, starch, soy, and others.
Also, animal-based bioadhesives are estimated to grow at the highest CAGR in
the years to come.
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The
market could be categorized based on application like medical, packaging &
paper, personal care, construction, wood, and others that could be explored in
the forecast period. Packaging & paper sector accounted for the substantial
market share of bioadhesives and is estimated to continue its dominance in the
years to come. The reason could be high demand for animal and plant-based
adhesives and rising concern regarding the use of eco-friendly products.
Globally,
Europe accounted for the substantial market share of bioadhesives and is
estimated to lead the overall market in the years to come. The reason behind
the overall market growth could be rising construction activities in this
region, increasing demand from key manufacturers, and the presence of major
industries in this region. Germany is a major consumer of bioadhesives in this
region.
North
America and the Asia Pacific are also estimated to have a positive influence on
future growth. North America is the second largest region with significant
market share. The reason could be government strict policy against use of
petroleum-derived products in this region. However, Asia Pacific is estimated
to grow at the highest CAGR in the forecast period. The developing countries
like India and China are the major consumers of bioadhesives in this region.
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The
key players of bioadhesives market are Dow Chemical Company, 3M Company,
Paramelt, Arkema, Henkel, Ashland, Cryolife, Adhbio, Bioadhesive Alliance,
Yparex, and Adhesive Research. These players are concentrating on inorganic
growth to sustain themselves amidst fierce competition.
Market
Segment:
Global
Bioadhesives Source Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2022)
• Plant based
• Animal based
Global
Bioadhesives Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012
- 2022)
• Packaging & paper
• Construction
• Wood
• Personal Care
• Medical
• Others
Global
Bioadhesives Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 -
2022)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• Central & South America
• Middle East & Africa
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