Global Bioadhesives Market Expected to Grow with a CAGR of 10% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 21, 2019--
The “Bioadhesives Market by Type (Plant Based, Animal Based), Application (Paper & Packaging, Construction, Woodworking, Personal care, Medical), Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecasts to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global bioadhesives market size is projected to grow from USD 5.6 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 10.0%, between 2019 and 2024.
The demand for bioadhesives, especially for green products, is increasing due to their use across varied applications in various vertical industrial segments. The rising need for improved performance, durability, and ease-of-use of eco-products are the key factors contributing to the growth of the bioadhesives industry. The market demand is led by regions, including Europe and North America.
The plant-based adhesives segment is expected to account for the larger share of the overall bioadhesives market during the forecast period.
The increasing demand from end-use industries as well as from consumers for sustainable products is the key factor that is expected to drive the bioadhesives market. Bioadhesives are safer on the environment as compared to its commercially available synthetic substitutes. With various research and development initiatives taken by product manufacturers as well as research institutes, various applications of bioadhesives have been discovered over the past few years.
The bioadhesives market in the medical application is expected to witness the highest CAGR during the forecast period.
Improved and developing growth opportunities in emerging and growing markets of APAC is a vital driver of the future growth of the medical industry. It is projected that APAC’s demand for medical equipment will increase in double digits in the next five years. This is due to an increase in health awareness and technological development in countries, including India, China, Japan, and South Korea. These are the vital parameters accounting for enhanced demand for bioadhesives from the medical industry.
APAC bioadhesives market is projected to register the highest CAGR during the forecast period.
The APAC bioadhesives market is segmented into China, Japan, India, Indonesia, Thailand, and Rest of APAC. APAC is expected to be the fastest-growing market during the forecast period, in terms of volume. This is due to the high economic growth rate, increasing standard of living, rise in disposable income, and a surge in construction, packaging, medical, personal care, and other industries.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Year Considered for the Study
1.6 Unit Considered
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Bioadhesives Market
4.2 Bioadhesives Market, By Type
4.3 Bioadhesives Market, By Application
4.4 Bioadhesives Market, Developed vs Developing Countries
4.5 APAC: Bioadhesives Market, By Type and Application
4.6 Bioadhesives Market: Major Countries
5 Market Overview
5.2 Market Dynamics
5.2.5 Porter’s Five Forces Analysis
5.2.6 Threat of New Entrants
5.2.7 Threat of Substitutes
5.2.8 Bargaining Power of Buyers
5.2.9 Bargaining Power of Suppliers
5.2.10 Intensity of Competitive Rivalry
6 Macroeconomic Overview and Key Trends
6.1.1 Trends and Forecast of GDP
22.214.171.124 Trends and Forecast in the Construction Market
126.96.36.199 Trends in Healthcare & Hygiene Market
7 Market Megatrends and Relevant Markets
7.1 Effects of Future Trends and Technology Disruptions in the Adhesives Market
7.1.1 Adhesives Market
7.1.2 Healthcare Market Trends
8 Bioadhesives Market, By Type
8.2 Plant Based
8.3 Animal Based
9 Bioadhesives Market, By Application
9.2 Paper & Packaging
9.2.1 Food Packaging
9.2.2 Consumer Goods Packaging
9.2.3 Pharmaceutical Packaging
9.4.2 Doors & Windows
9.4.4 String Instruments
9.5 Personal Care
9.5.1 Skin Care
9.5.2 Hair Care
10 Bioadhesives Market, By Region
10.3 North America
10.5 South America
10.6 Middle East & Africa
11 Competitive Landscape
11.2 Competitive Leadership Mapping, 2018
11.2.1 Visionary Leaders
11.2.3 Dynamic Differentiators
11.2.4 Emerging Companies
11.3 Strength of Product Portfolio
11.4 Business Strategy Excellence
11.5 Market Ranking Analysis
11.6 Competitive Scenario
11.6.1 Merger & Acquisition
11.6.2 Investment & Expansion
12 Company Profiles
12.1 Henkel AG & Company, KGaA
12.2 Dupont De Nemours, Inc
12.3 Ashland Global Holdings Inc.
12.4 Ecosynthetix Inc.
12.5 Paramelt BV
12.6 Arkema S.A.
12.7 Danimer Scientific LLC
12.8 The Compound Company (Yparex)
12.9 Cryolife Inc.
12.10 Jowat SE
12.11 Kollodis Biosciences, Inc.
12.12 Beardow Adams Group
12.13 Tate & Lyle
12.14 L.D. Davis Industries, Inc.
12.15 Ingredion Incorporated
12.16 Weiss Chemie + Technik GmbH & Co. Kg
12.17 Premier Starch Products Pvt. Ltd
12.18 Avebe U.A.
12.19 Wisdom Adhesives Worldwide
12.20 U.S. Adhesives Inc.
12.21 C.B. Adhesives Ltd
For more information about this report visit https://www.researchandmarkets.com/r/x7608a
View source version on businesswire.com:https://www.businesswire.com/news/home/20191121005444/en/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
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PUB: 11/21/2019 06:21 AM/DISC: 11/21/2019 06:21 AM