Global bioadhesives market demand was 709.5 kilo tons in 2013. A global shift in trend towards bio-based products owing to increasing awareness among consumers is expected to remain a major driving force for bioadhesives market growth. Increasing government and environmental regulations towards bio-based production are projected to fuel global bioadhesives market growth. Bioadhesives find wide application in end-use industries such as packaging & paper, construction, wood and medical industries. Growing preference towards sustainable packaging coupled with increasing awareness towards bio-based adhesives in the packaging industry is expected to impact market growth positively. Increasing penetration in packaging application such as printed sheets lamination, cigarettes & filters, flexible packaging and specialty packaging are expected to bolster bioadhesives demand over next seven years. Growing packaging & paper industry in emerging economies of Asia Pacific and Latin America is projected to augment global market growth.
Increasing demand from frozen food packaging sector is projected to impact positively bioadhesives market growth over the forecast period. Bioadhesives are increasingly being used in medical industry for applications such as surgeries, wound care dressing, transdermal drug delivery, and skin-bonded monitoring devices. Increasing surgical bioadhesives popularity as substitutes for surgical sutures is expected to augment further global market growth. Key industry participants are involved in extensive R&D to develop innovative bioadhesives for the medical industry. Abundant raw material availability for starch, soy, and corn-based adhesives is expected to remain a key driver for market growth.
Increasing bioadhesives demand from construction industry is expected to uplift further global market growth. Bioadhesives are widely used in construction industry for applications such as pipes, cladding panels, waste management systems and pavements. Increasing infrastructure spending in emerging markets of Asia Pacific, Latin America, and the Middle East are expected to remain a major driver for bioadhesives market growth in these regions over the forecast period. Bioadhesives market is expected to witness significant growth over the next seven years owing to low-cost production and bio-based origin. Volatile petrochemical-based adhesives prices due to unstable crude oil supplies are expected to impact positively bioadhesives demand over the foreseeable future. Plant-based and animal-based adhesives are touted to substitute petro-based adhesives and provide lucrative opportunities for industry participants. The low shelf life of bioadhesives is expected to hinder market growth. Lack of skilled resources for the development of improved bioadhesives is further projected to pose challenges for industry participants. Companies such as Dow and Henkel are investing heavily in developing adhesives having 100% renewable content. This is anticipated to create immense opportunities for market participants over the forecast period.
Global bioadhesives market volume by source, 2012 - 2022 (Kilo Tons)
Plant based adhesives were the leading source for bioadhesives in 2014. Starch, soy, corn, and maize based adhesives are gaining wide popularity owing to abundant raw material availability and low prices. Growing consumer preference towards bio-based products among consumers is further expected to generate high demand for plant based adhesives. Animal based adhesives such as bone, glue, hide, and hoof are projected to penetrate end-use industries at a significant growth rate. They are used in specialty applications such as pipe organ building, piano repairs, wood working and antique restoration. Low shelf life and functionality of animal based adhesives is expected to hinder bioadhesives market growth over the forecast period.
Packaging & paper was the leading application segment for bioadhesives in 2014. Bioadhesives find wide application in packaging & paper industry such as printed sheets lamination, cigarettes & filters, flexible packaging and specialty packaging. Growing packaging & paper industry in emerging markets of Asia Pacific and Latin America is expected to augment global bioadhesives market over the forecast period. The advent of innovative plant based and animal based bioadhesives is projected to provide lucrative opportunities to industry participants and increase global market growth. The construction industry was the second largest application segment in 2014. This application segment is projected to exhibit significant growth owing to rising construction and infrastructure activities in emerging market of Asia Pacific, Middle East and Latin America. The medical industry is expected to grow at the fastest rate owing to increasing application such as wound care dressings, transdermal drug delivery, surgeries and skin-bonded monitoring devices.
Europe was the leading regional market in terms of bioadhesives demand in 2014 and is expected to continue its dominance over the forecast period. Stringent government regulation regarding bio-based material usage is expected to drive market growth in this region. North America was the second largest regional market for bioadhesives and is expected to witness significant growth in demand over the forecast period owing to initiatives taken up from environment protection agencies such as EPA (Environment Protection Agency) and CEC (Commission for Environmental Cooperation). Asia Pacific is expected to witness moderate growth rate over the forecast period. Growing construction & remodeling activities in Asia Pacific is also expected to fuel regional market growth.
Global bioadhesives market is highly fragmented and is characterized by the presence of both large-scale and small-scale companies such as Ashland, Henkel, Dow Chemical Company, Arkema SA and Ecosynthetix Inc. Other major industry players include 3M Company, Yparex B.V., Cryolife Inc., Bioadhesive Alliance Inc. and Danimer Scientific LLC. Industry participants are involved in extensive R&D and innovation to widen the scope of application and penetrate regional markets.
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