PUBLISHER: The Business Research Company | PRODUCT CODE: 1391037
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391037
“Bioadhesives Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bioadhesives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bioadhesives? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The bioadhesives market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Bioadhesives are natural polymers derived from bio-based raw materials, designed to bond two surfaces together. This phenomenon involves the adherence of synthetic and natural materials to biological surfaces. Bioadhesives find applications as adhesive materials in various artificial contexts. Not only are bioadhesives cost-effective and easier to manufacture, but they also possess the potential to replace synthetic adhesives.
The primary types of bioadhesives include plant-based and animal-based variants. Plant-based bioadhesives are produced from plant sources and are utilized for properties such as matrix formation and environmental applications. These adhesives can be manufactured through methods like direct chemical synthesis, bacteria and yeast fermentation, and natural organism farming. Plant-based bioadhesives find applications across diverse industries, including packaging, paper and pulp, construction, personal care, healthcare, and others.
The bioadhesives market research report is one of a series of new reports from The Business Research Company that provides bioadhesives market statistics, including bioadhesives industry global market size, regional shares, competitors with a bioadhesives market share, detailed bioadhesives market segments, market trends and opportunities, and any further data you may need to thrive in the bioadhesives industry. This bioadhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bioadhesives market size has grown rapidly in recent years. It will grow from $5.04 billion in 2023 to $5.62 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth observed during the historic period in the bioadhesives industry can be attributed to heightened environmental awareness, the implementation of stringent regulations, increased demand for biodegradable products, considerations for health and safety, and the expansion of the pharmaceutical and medical industries.
The bioadhesives market size is expected to see rapid growth in the next few years. It will grow to $8.58 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The anticipated growth in the forecast period for the bioadhesives industry can be attributed to a surge in investment in renewable resources, the expansion of the packaging sector, a thriving construction industry, and overall economic growth. Key trends expected during this period include the utilization of natural and bioengineered polymers, the integration of 3D printing technologies, the development of nano-bioadhesives, and increased emphasis on partnerships and collaborations within the industry. These trends reflect the evolving landscape of bioadhesives, driven by advancements in technology, sustainable practices, and collaborative initiatives.
Governmental regulations and policies aimed at controlling environmental pollution are playing a significant role in driving the growth of the bioadhesives market. Governments worldwide are increasingly prioritizing measures to mitigate the adverse effects of pollution on public health and the environment. This has led to the implementation of stringent regulations to control air pollution, fostering a heightened demand for the utilization of bio-based materials such as bioadhesives. A notable example is observed in the United Kingdom, where the government, in March 2022, set additional goals under the Environment Act 2021. These goals included a legally obligatory target to reduce fine particulate matter (PM2.5) levels to 10 micrograms per cubic meter (g/m3) by 2040, with a focus on decreasing population exposure to PM2.5 by 35% compared to 2018 levels.
The growth of the bioadhesives market is further bolstered by the expanding construction industry, which is increasingly embracing sustainable practices. The construction sector, encompassing various activities related to planning, design, construction, renovation, and maintenance, is witnessing a shift towards green building practices. Builders and developers are actively seeking sustainable solutions, and bioadhesives align with these environmentally conscious principles. The Office for National Statistics reported in February 2022 that the UK's construction sector experienced a record 12.7% annual growth in 2021, indicating a substantial rise in construction activities. The industry's focus on new work and repair and maintenance, coupled with an increased volume of monthly construction output, highlights the growing adoption of sustainable practices in the construction sector.
In the bioadhesives market, strategic partnerships and collaborations have emerged as key trends. Major players in the bioadhesives sector are proactively engaging in partnerships to strengthen their positions and drive innovation. For instance, in March 2021, Technol, a UK-based clean technology company, formed a strategic partnership with Beardow Adams, a UK-based bioadhesives manufacturer, with the aim of offering sustainable packaging solutions. This collaboration demonstrates a commitment to providing environmentally friendly alternatives in the packaging industry. Additionally, in January 2021, Bemis Associates, a US-based manufacturer, partnered with DuPont Tate & Lyle Bio Products to launch the world's first SewFree product made from renewable materials, contributing to advancements in sustainable and bio-based adhesives.
Major players in the bioadhesive market are actively innovating by developing new products, particularly focusing on bio-compatible adhesives. Bio-compatible adhesives are specialized bonding agents formulated to be safe and compatible with biological systems, primarily targeted at medical and healthcare applications. An example of this innovation is observed in the launch of Swift Melt 1515-I by H.B. Fuller, a prominent US-based adhesive manufacturing company, in January 2023. This product stands out for its robust and rapid bonding capabilities, maintaining strong adhesion even under elevated temperatures and demonstrating impressive shear resistance. Swift Melt 1515-I has received ISO 10993-5 certification for cytotoxicity, ensuring its non-toxicity to human cells. This feature makes it well-suited for medical applications, especially in hospital settings and home care, where skin adhesion is a crucial consideration.
In August 2021, Arkema, a leading chemicals company based in France, made a strategic move by acquiring Ashland's performance adhesives business, emphasizing sustainable and high-performance solutions. The acquisition, executed for an undisclosed amount, aligns with Arkema's goal to transition into a pure specialty materials player by 2024. Ashland, the US-based chemical company that Arkema acquired, has been a significant player in manufacturing bioadhesives. This acquisition positions Arkema to strengthen its portfolio and expertise in the bioadhesive market, showcasing the industry's focus on sustainable and advanced solutions.
Major companies operating in the bioadhesives market include Arkema S.A., Ashland Global Specialty Chemicals Inc., Beardow Adams, Bemis Associates Inc., Bioadhesive Alliance Inc., Camurus, Cryolife Inc., DuPont de Nemours Inc., EcoSynthetix Inc., Follmann GmbH & Co. KG, Kollodis BioSciences Inc., Tate & Lyle PLC, Yparex B.V., 3M company, Adheso Medical, Grunenthal, Advanced Medical Solutions Group PLC, Aesculap Inc., Arch Therapeutics Inc., B. Braun Melsungen AG, Baxter International, Beiersdorf AG, Bioelettronica, Boston Scientific Corporation, Becton, Dickinson and Company, Chemence Medical Inc., Chen Mede company, Cohera Medical Inc., Corning Inc., EPIEN Medical Inc., Gelest Inc., Hemostasis LLC, Johnson & Johnson, Marine Polymer Technologies, Medline Industries Inc.
Europe was the largest region in the bioadhesives market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioadhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the bioadhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The bioadhesives market consists of sales of bioadhesives for use in clinical applications such as tissue sealants and hemostats. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.