Skip to main content

Bioadhesive Market: Growth to Sky Out as Construction Industry Increasingly Requires Bioadhesives, says TMR

The global market for bioadhesives is consolidated with a handful of players holding the major share in the market. Cryolofe, SCION, and Ecosynthetix Inc. emerged as the top three companies, representing a massive share of almost 70% in the global bioadhesives market in 2015, finds Transparency Market Research (TMR). Most of the leading manufacturers of bioadhesives are toiling to amplify their production capacities, develop new products, and to penetrate into unexplored regional markets.

Entry of new market players is encouraged by the vast growth opportunities presented by untapped geographical regions, particularly in Asia Pacific and the Middle East and Africa (MEA) regions. However, the new entrants might have to overcome the challenge pertaining to strong brand images of leading vendors via launches of innovative products. According to the findings of TMR, in 2015, the global bioadhesive market was pegged at USS251.6 mn in terms of revenue. By the end of 2024, the market will attain a revenue worth US$736 mn, growing at a favorable CAGR of 12.9% between 2016 and 2024, states TMR. The paper and packaging segment held a significant share of 30% in the global market for bioadhesives in 2015. By region, Europe accounted for a whopping 40% of the global market during 2015. 
Europe, North America All Set for Further Expansion 
The bioadhesive market in North America is slated for maximum growth, driven by the strict adherence to eco-friendly regulatory policies. As more innovative products are developed by several firms to expand their product portfolios, the market is gaining momentum rapidly. The presence of prominent market players such as Dow Chemical Company, 3M Company, DaniMer Scientific, LLC, Adhesives Research and Ashland Inc. might also aid North America to have an edge over other regional markets. Presently, Europe has been dominating the regional scenario. It might continue to do so as the Netherlands, the U.S., the U.K., and Germany are likely to hold a major share of the global market.
Greater Demand from Paper and Packaging Industry to Encourage Growth  
The rising number of stringent regulatory policies aimed at limiting the deployment of petroleum-based products is one of the major growth drivers of the global market for bioadhesives. The growing environmental concerns have led to the development of bio-based, eco-friendly adhesives, thereby promoting the expansion of the global bioadhesives market. The usage of bioadhesives has also been escalating on account of technological advancements via research and development activities. Moreover, as new players are expected to enter the market, it might grow further as the consolidated nature of the market weakens. 
Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/bioadhesives-market.html
 A number of end-use industries such as personal care, medical, paper and packaging, construction, and wood works and furniture have been increasingly demanding these products across the globe. The paper and packaging industry in particular is exhibiting high demand, thus emerging as the leading segment by end user. All this has stoked growth in the global market for bioadhesives. 
On the other hand, as some types of bio-based bioadhesives exhibit relatively weaker adhesion properties, the growth of the market might slow down. However, with the extensive growth of the construction industry in Asia Pacific, more amount of bioadhesives will be needed in wall laminations and roofing, negating the impact of this restraint. 
Key segments of the Global Bioadhesive market
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.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more