Bioadhesives Market Outlook and Forecasts, 2016 to 2024

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Bioadhesives Market Share, Size, Analysis,
Regional Outlook, Growth, 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 could substantially increase
the demand for bioadhesives. Environmental
regulations that promote the use of biodegradable
products could positively impact the market.
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.
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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 printed 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
regions 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
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6.1.1 Company Overview 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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