Volatile prices of synthetic adhesives on account of fluctuation in raw material prices is expected to remain a key driving factor for global bioadhesives market. Government support to promote the use of natural, environmental friendly products particularly in North America and Europe is also expected to have a positive influence on the market growth.
The Global Bioadhesives Market is expected to reach USD 2,549.2 million by 2022, according to a new study by Grand View Research, Inc.
Growth of key end-use industries such as packaging, construction and automotive particularly in emerging markets of Asia Pacific is also expected to impact the demand positively. Low shelf life of bioadhesives compared to synthetic adhesives is expected to remain a key challenge for market participants.
Plants were the largest source for bioadhesives and accounted for over 87.0% of the total market volume in 2014. Promising plant based adhesives such as starch, soy and corn find wide application across various end-use industries and are expected to provide lucrative opportunities to industry participants and augment global market growth. Animal based adhesives are expected to witness steady growth of 13.2% from 2015 to 2022.
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Top Players of Bioadhesives Market:
Some of the major companies operating in the global market include Henkel AG & Co., Ashland, Arkema SA, Ecosynthetix Inc., 3M Company, Danimer Scientific LLC, Cryolife Inc., Yparex B.V., Dow Chemical Company, Adhesives Research Inc., Paramelt, Adhbio and Bioadhesive Alliance Inc.
Market Segmentation of Bioadhesives Market:
The Global Bioadhesives Market segmented on the basis of Source, Application and Region.
By Source:
Plant based
Animal based
By Application:
Packaging & paper
Construction
Wood
Personal Care
Medical
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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