The bioadhesives market size is expected to reach US$ 1080 million by 2028, registering at a CAGR of 7.5% between 2022 and 2028, according to a new research study conducted by The Insight Partners.
Rising Use of Bioadhesives as Substitute to Petroleum-Based Adhesives to Drive Market Growth during 2022–2028
Bioadhesives Market Key Findings by 2031
Download Free SampleBioadhesives Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: by Type (Plant Based and Animal Based), End Use (Paper & Packaging, Construction, Woodworking, Personal Care, Medical, and Others), , and by Geography (North America, Europe, Asia Pacific, and South and Central America)
Crude oil is extensively used in the manufacturing of petroleum-based adhesives. Fluctuating prices of petroleum feed stocks and crude oils encourage manufacturers to develop bioadhesives. Furthermore, increasing compostable bioadhesives demand for the medical applications is likely to support the material’s demand globally. All these factors support the bioadhesives market growth.
Bioadhesives are the natural polymeric materials derived from the biological sugar monomers. Adhesives manufacturers across the world are shifting from producing petroleum-based adhesives to bio adhesives to ensure safety and avoid the instance of skin itching and other health issues due to the VOC emission from the synthetic adhesives. In addition, stringent government policies and regulations related to the usage of synthetic construction materials responsible for health issues is pushing manufacturers toward developing eco-friendly composite materials. These aspects are likely to accelerate the global bioadhesives market growth.
Bio adhesives are used in various industrial applications, such as paper & packaging, construction, woodworking, personal care, medical, and others. The increasing use of hot melt bio adhesive for sustainable packaging applications is driving the market growth for the paper & packaging segment. Furthermore, rising demand for the water-resistive and high tensile strength-based bio adhesives for building and construction applications is expected to fuel the market growth for the construction segment in the coming years. Increasing bio adhesives usage in other industrial areas, such as personal care, woodworking, and medical, is also bolstering the market growth.
Henkel AG & Company; DuPont de Nemours, Inc.; Arkema; Ashland Global Holdings Inc.; and Beardow Adams Group are among the key biadhesives market players profiled during the study. Several other major companies were studied and analyzed during this research study to get a holistic view of the bioadhesives market and its ecosystem.
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