Bioadhesives Market

Bioadhesives Market Size (2023-2028)

Bioadhesives Market is predicted to rise from $ 8.2 billion in 2022 to $ 10.8 billion by 2028, at a compound annual rate of 12.3%, throughout the foreseen period from 2023-2028

Bioadhesives are a kind of polymers that have the capacity to stick to biological tissue over a long interval of time. Factors affecting the mucin layer of mucous tissue are molecular weight, the flexibility of the polymer chain, swelling, applied force, medical condition, etc. They are natural or synthetic polymers. . The growth of the application industries, such as paper and packaging, construction, carpentry, and medicine, is driving the global bioadhesives market. Bioadhesives are natural polymers or polymeric materials that act as adhesives. Some of the bioadhesives can work in wet or underwater habitats, while others can only work with less surface energy.

Bioadhesives Market Drivers & Restraints:

Increased consumer awareness of the harmful effects of synthetic materials and their preference for natural products has led to an increase in demand for bioadhesives. Also, strict government regulations for the protection of the environment and the encouraged use of products of biological origin have facilitated the growth of the market. This has also led manufacturers to bring advanced bioadhesive materials to the market. The growth of end-use industries, research and development, and increased investment are some of the other factors driving growth in the global bioadhesives market. The growing demand in the health sector for biomedical applications stimulates the global bioadhesive market. Also, increasingly stringent environmental regulations and consumer awareness of the harmful effects of synthetic materials are further stimulating the global bioadhesives market.

Furthermore, the trend of manufacturers and people to use bio-based products to keep the environment green or eco-friendly should further stimulate the global bioadhesive market. Governments are developing regulations for the chemical industries to reduce the use of fossil fuels, which is also expected to increase the demand for bio-based adhesives in the world market. The global market for organic adhesives can be considered to have a better growth rate due to the growing demand for organic and bio-based products, as well as new national players and the industrial growth of the end-user industry. The environmental benefits, the increase in the number of end-users, and the improvement of research and development activities can be important parameters for the increase in the consumption of bioadhesives. The industry is expected to put more emphasis on the use of various ecological applications of the bioadhesive, which is expected to significantly increase its consumption in the next five years.

BIOADHESIVES MARKET REPORT COVERAGE:

Bioadhesives Market Segmentation

Bioadhesives Market - By Type:

• Plant-Based
• Animal Based

The plant-based sector is predicted to account for the bigger portion of the bioadhesives industry share throughout the foreseen period. Biodegradable and biological plant-based renewable resources are being employed as a substitute for petro-based raw materials for the making of adhesives.

Bioadhesives Market - By Application:

• Paper and Packaging
• Construction
• Woodworking
• Personal Care
• Medical
• Others

Medical is predicted to be the quickest-rising application sector of the bioadhesives industry throughout the foreseen period.

Bioadhesives Market - By Region:

The Bioadhesives report includes the segmentation of Regions with their respective Countries.

• North America Bioadhesives Industry includes the US and Canada.

• Europe Bioadhesives Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
• Asia Pacific Bioadhesives Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
• Latin America Bioadhesives Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

Europe dominates the global bioadhesives market due to the high production of related medicines. Most bioadhesive manufacturers are from Europe. These makers transport bioadhesives to different regions, like the regions of North America and the Asia-Pacific. The Americas are the second largest bioadhesives market in the world thanks to government support for research and development and the availability of funds for research. Furthermore, the growing demand for ecological bioadhesives for tissue repair and drug administration promotes the growth of this market in the Americas. The Asia Pacific is the quickest-rising bioadhesive industry owing to the availability of quickly advancing health technology, a huge patient population, and high healthcare prices. In addition, Asia-Pacific is considered the main importer in Europe, making it a target market. On the other hand, the Middle East and Africa have the smallest share in the global bioadhesives market due to weak government support and a lack of allocation of funds for the healthcare sector.

Impact of COVID-19 on the Bioadhesives Market:

A recent study advised that Covid-19 could have a great effect on firms in the bioadhesives market. An instant CEO survey, conducted by the Confederation of Indian Industries (IIC), indicated that there could be a drop in revenue of more than 10 percent for most companies due to the impact of Covid-19. At least 52 percent of respondents said there would also be job losses. Almost 200 CEOs from all sectors participated in the online survey. The survey also showed that a large majority of companies expect a drop in earnings of more than 5% in the last quarter of 2019-2020 and in the current quarter from April to June.

Recent Developments:

• A team of researchers from Waseda University (Tokyo, Japan), the National Defense Faculty of Medicine (Tokorozawa, Japan), and the Japan Science and Technology Agency (Saitama, Japan) developed a bioadhesive electroluminescent device with wireless power that could improve treatment delicate organ cancer.

• Henkel, a prominent chemical and consumer goods company in Germany has increased its portfolio with the launch of an adhesive solution called Loctite Liofol LA 2798 for high-performance packaging applications.

Key Players listed in the Bioadhesives Market are:

1. Henkel AG (Germany)

2. DuPont de Nemours, Inc., (US)

3. Ashland Global Holdings Inc. (US)

4. Arkema S.A.

5. DaniMer Scientific LLC

6. The Compound Company (Netherlands)

7. Cryolife Inc., (US)

8. Jowat SE (Germany)

9. Kollodis BioSciences, Inc., (US)

10. Tate & Lyle PLC (UK)

11. L.D. Davis Industries, Inc.

12. Ingredion Incorporated (US)