Skip to main content

Bioadhesives Market: Efforts towards Promoting Use of Environmental-friendly Bioadhesives across Industries to Boost Growth,By 2024

Featuring a consolidated vendor landscape, the global bioadhesives market is dominated by three players with a cumulative share of nearly 70%. These companies are SCION, Cryolife, and Ecosynthetix Inc. Of these, Ecosynthetix Inc. however emerged dominant with a large margin, finds Transparency Market Research (TMR).

For sustainable growth, some of the most prominent market players have taken up expanding geographic footprint and the size of their existing production units, and the development of novel products as their key market strategies. With vast opportunities for growth in the near future, the market as per experts is highly conducive to the entry of new players. “The challenge posed by strong brand image can be addressed by introducing innovative products with niche applications,” observed the TMR report’s author. “This will provide strong foothold for new entrants at the start,” he added.   
View Exclusive Global Strategic Business Report:  http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5654
 As per TMR, the global bioadhesives market will exhibit a promising CAGR of 12.9% between 2016 and 2024. By revenue, the market’s worth will reach US$736 mn by 2024, from US$251.6 mn in 2015. Based on the source of raw material, the animal-based bioadhesive segment accounted for nearly 80% of the overall market in 2015. The segment is expected to remain highly attractive through the course of the forecast period. The increasing use of bioadhesives in the medical industry for specialty applications such as open surgeries and wound closures, will augment the demand for animal-based bioadhesives. Regionally, the dominance is expected to remain with Europe, which held over 40% of the global bioadhesives market in 2015.
Aversion to Synthetic Adhesives, to Steer Transition towards Bioadhesives
The demand for bioadhesives is rising in tandem with the increasing demand for eco-friendly products. As awareness regarding the negative impacts of using synthetic adhesives on animal health and environment spread around the world, it is expected to give significant boost to the global bioadhesives market. Besides this, the increasingly stringent government regulations such as the Registration, Evaluation, and Authorization of Chemicals (REACH) are spreading awareness regarding the ways in which the use of petroleum-derived products and be minimized. Such regulations will help the market expand in the coming years.
Moreover, the enterprises in the global bioadhesives market is also gaining from the relative cheaper price of bioadhesives due to the easy availability of raw materials. Due to their excessive dependence on the petroleum industry for raw materials, the synthetic bioadhesives market often has to deal with price fluctuations. This in turn is fuelling the demand for bioadhesives.
Scope of Application is Limited for Bioadhesives Due to their Low Performance
On the flip side, certain bioadhesives, derived from cent percent bio-based raw materials, often show weak adhesion properties and lower resistance to chemical, heat, and water. Therefore, bioadhesives are often treated with synthetic adhesives to boost their performance. Moreover, they are also known to possess low dry and wet strength compared to their synthetic counterpart, which may create a few difficulties in their acceptance across industries. As bioadhesives also face the issue of limited-shelf life, their use is still limited. The cumulative effect of these factors could hamper the market’s expansion over the course of the report’s forecast period.
Bioadhesive Market: Source Analysis
  • Plant based
  • Animal based
Bioadhesive Market: End-user Analysis
  • Paper & Packaging
  • Construction
  • Wood works & Furniture
  • Medical
  • Personal Care
  • Others (Textile, Foundry, etc.)
 This review is based on a TMR report, titled “Bioadhesive Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”.

Comments

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...

LiDAR Services Market by GIS Services, Asset Management, Aerial Surveying, Ground-Based Surveying Services - Comparative Analysis 2025.

Research N Reports offers latest published report “ LiDAR Services Market – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025”. The author of the report analyzed that the Global LiDAR Services Market accounted for US$  784.8  million  in 2016. LiDAR is a term that stands for Light Detection and Ranging. It is a remote sensing strategy that measures ranges using light as a pulsed laser. LiDAR is additionally a surveying method that measures target distance by illuminating it. LiDAR is the apex of the mapping technology. It is additionally the most recent advancement in the surveying technology. The LiDAR Services Market, which was esteemed at US$ 784.8 million in 2016, is relied upon to achieve an estimation of US$ 2926.3 million by 2025, developing at a CAGR of 15.9% amid the forecast time frame 2017-2025. Increasing utility of direct visualization and automated door modeling are some of the major drivers driving the market. Inc...