Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.78 Billion | USD 9.80 Billion | 4.17% | 2023 |
Zion Market Research has published a report on the global Bio-Adhesives Market, estimating its value at USD 6.78 Billion in 2023, with projections indicating that it will reach USD 9.80 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.17% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Bio-Adhesives industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Bio-adhesives are natural polymeric material which is used as adhesives between two separate materials. Bio-adhesives are on the whole used to describe glue which is used to bind the substance and face up to separation between two substances. Bio-adhesives can be used for bio medical applications which involves body skin and other body tissues because they have biocompatible property.
Adhesives are non-metallic materials which are able to join two substrates using adhesion mechanisms. Bio-adhesives are natural polymeric materials. They are derived from the natural substances and exploit strong adhesion and cohesion capabilities. Primarily bio-adhesives are constructed either from plants or animal source. These adhesives consist of starch and gelatine which are derived from the source. It has a broad application set including personal care, furniture, healthcare, paper and pulp and amongst others.
The global bio-adhesives market is primarily driven by rapidly growing demand for bio-adhesives across the globe due to increasing awareness about bio-based products. Additionally, surging demand for bio-adhesives from healthcare and personal care industries is expected to bolster the demand in near future. Utilization of bio-adhesives in wood and furniture industry is also projected to have a positive impact on the environmental issues. Moreover, the stringent rules and regulations imposed by regulatory bodies and governments are expected to offers novel opportunities in the coming years.
The global bio-adhesives market is segmented into type, applications, and regions.
Based on the type of bio-adhesives, the market is classified into plant-based adhesives and animal based adhesives.
Moreover, different applications of global bio-adhesives market include medical, wood, packaging & paper, construction, personal care and others applications.
Report Attributes | Report Details |
---|---|
Report Name | Bio-Adhesives Market |
Market Size in 2023 | USD 6.78 Billion |
Market Forecast in 2032 | USD 9.80 Billion |
Growth Rate | CAGR of 4.17% |
Number of Pages | 110 |
Key Companies Covered | Ashland Inc., Henkel Corporation, Adhesives Research, DaniMer Scientific, LLC, 3M Company, EcoSynthetix Inc., The Dow Chemical Company, Yparex B.V. and Bio-adhesive Alliance Inc. and among others |
Segments Covered | By Equipment Type, By Meat Type, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Among all regions, Europe and North America was the most attractive market for bio-adhesives in past few years. Europe was the largest market for bio-adhesives in 2015. Moreover, UK was the larger revenue contributor in the region. In future, the European market for bio-adhesives is expected to continue this trend in near future owing to strong demand from bio-medical applications. North America is also projected to witness the remarkable demand for bio-adhesives from furniture and medical sectors. Asia-Pacific is expected to remain one of the fastest growing markets in future years. Latin America, Middle East, and Africa are expected to have exponential growth during the years to come.
Bio-Adhesives Market: Type Analysis
Bio-Adhesives Market: Application Segment Analysis
Bio-Adhesives Market: Regional Segment Analysis
FrequentlyAsked Questions
Growing demand for bio-adhesives across the globe due to increasing awareness about bio-based products. Additionally, surging demand for bio-adhesives from healthcare and personal care industries is expected to bolster the demand in near future.
global Bio-Adhesives Market, estimating its value at USD 6.78 Billion in 2023, with projections indicating that it will reach USD 9.80 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.17% over the forecast period 2024-2032.
European market for bio-adhesives is expected to continue this trend in near future owing to strong demand from bio-medical applications.
Some main participants of the bio-adhesives market are Ashland Inc., Henkel Corporation, Adhesives Research, DaniMer Scientific, LLC, 3M Company, EcoSynthetix Inc., The Dow Chemical Company, Yparex B.V. and Bio-adhesive Alliance Inc and among others.
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