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Bioadhesives Market worth $9.7 billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, March 3, 2021 /PRNewswire/ -- According to the new market research report "Bioadhesives Market by Type (Plant based and Animal based), by Application (Paper& Packaging, Construction, Woodworking, Personal Care, Medical), Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2025", published by MarketsandMarkets, the global Bioadhesive Market size is projected to grow from USD 6.0 billion in 2020 to USD 9.7 billion by 2025, at a CAGR of 10.0%, during the forecast period.

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Browse 230 Market Data Tables and 59 Figures spread through 236 Pages of "Bioadhesives Market"

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The bioadhesive applications are significantly penetrating the end-use industry markets. They have different characteristics as per their manufacturing and application requirements in the end products. The North American region is expected to dominate the global Bioadhesive Market with its growing demand in different application segments, especially packaging & paper and construction. APAC is a potential market and is projected to grow at the highest CAGR in the next five years, with the application industries expected to boost the overall business requirements in respective regions.

The plant-based segment is expected to account for the larger share of the Bioadhesive Market, by type, during the forecast period.

Plant-based adhesives are natural adhesives that are derived from organic sources, such as soy protein, starch (dextrin), and lignin. They are also referred to as green, renewable, sustainable, environmentally-friendly, and bio-based adhesives. Bioadhesives find a wide range of applications in varied industries, such as woodworking, packaging, and construction.

The medical segment is estimated to be the fastest-growing application industry in the bioadhesives market during the forecast period.

The demand for healthcare products and services has greatly increased due to increasing population and awareness regarding benefits from bio-based products. For example, these adhesives are incorporated in healthcare product formulations to be used in drug delivery systems, which allow absorption of drugs to biological elements, for instance body tissues. Bioadhesives are compatible for use in biomedical applications, which involve skin or body tissue. Thus, the increasing use of bioadhesives in the medical segment is expected to drive the market over the next five years.

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Bioadhesives market in APAC is expected to register the highest CAGR during the forecast period.

APAC is segmented as China, India, Japan, South Korea, Indonesia, Thailand, and Rest of APAC. The Bioadhesive Market in China is witnessing significant growth due to the increased export of biodegradable products to North America, Europe, and other developed countries where the level of awareness for sustainability among the consumers is high and demand exists for bioadhesives. Also, major regional companies have ramped up their production capacities of biodegradable adhesives, which is fueling the growth of bioadhesives manufacturing in China.

Major players operating in the global Bioadhesive Market include Henkel AG & Company, KGaA (Germany), DuPont de Nemours, Inc., (US), Arkema (Bostik SA) (France), Ashland Global Holdings Inc. (US), Beardow Adams Group (England), Paramelt BV (Netherlands), Jowat SE (Germany), Ingredion Incorporated (US), EcoSynthetix Inc. (Canada), and Tate & Lyle PLC (UK).

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Related Reports:

Adhesives & Sealants Market - by Adhesive Formulating Technology (Water-based, Solvent-based, Hot-melt, Reactive), By Sealant Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl), Application, Region

https://www.marketsandmarkets.com/Market-Reports/adhesive-sealants-market-421.html

Wood Adhesives Market- by Resin Type (Natural & Synthetic), Technology (Solvent-Based, Water-Based, Solventless), Application (Flooring & Decks, Plywood, Furniture, Cabinet, Particle Board, Windows & Doors) and Region

https://www.marketsandmarkets.com/Market-Reports/wood-adhesives-market-77758472.html

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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