Global Bioadhesives Market Will Reach US$736 mn by 2024

Transparency Market
Research
Bioadhesive Market - Global Industry Analysis, Size, Share,
Growth, Forecast 2016 - 2024
Published Date
09-Nov-2016
128 Page Report
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Press Release
Global Bioadhesives Market: Efforts towards Promoting Use of
Environmental-friendly Bioadhesives across Industries to Boost
Growth : TMR
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Bioadhesive Market
REPORT DESCRIPTION
Bioadhesive Market (Source - Plant-based and Animal-based; End
User - Paper and Packaging, Construction, Wood Works and
Furniture, Medical, and Personal Care) - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 – 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.
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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.
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Bioadhesive Market
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.
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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.
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Bioadhesive Market
TABLE OF CONTENT
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Indicative (US$ Mn)
3.2. 3Top 3 Trends
4. Market Overview
4.1. Adhesives Overview
4.2. Key Industry Developments
4.3. Market Indicators
4.4. Drivers and Restraints Analysis
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunity Analysis
4.4.4. Opportunities
4.5. Global Bio-Adhesives Market Analysis and Forecast
4.6. Bio-Adhesives Market: Global Demand-Supply Scenario
4.7. Porter’s Analysis
4.7.1. Threat of Substitutes
4.7.2. Bargaining Power of Buyers
4.7.3. Bargaining Power of Suppliers
4.7.4. Threat of New Entrants
4.7.5. Degree of Competition
4.8. Value Chain Analysis
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5. Bio-Adhesives Market Analysis, by Source
5.1. Key Findings
5.2. Introduction
5.3. Market Value Share Analysis
5.4. Bio-Adhesives Market Forecast, by Source
5.4.1. Animal based, 2015 – 2024
5.4.2. Plant based, 2015 – 2024
5.5. Comparison Matrix
5.6. Market Attractiveness Analysis
6. Bio-Adhesives Market Analysis, by End-User Industry
6.1. Key Findings
6.2. Introduction
6.3. Market Value Share Analysis
6.4. Bio-Adhesives Market Forecast, by End-User Industry
6.4.1. Packaging & Paper, 2015 – 2024
6.4.2. Construction, 2015 – 2024
6.4.3. Wood & Furniture, 2015 – 2024
6.4.4. Medical, 2015 – 2024
6.4.5. Personal Care, 2015 – 2024
6.4.6. Others, 2015 – 2024
6.5. Comparison Matrix
6.6. Market Attractiveness Analysis
7. Bio-Adhesives Market Analysis, by Region
7.1. Global Regulatory Scenario
7.2. Bio-Adhesives Market Value Share Analysis
7.3. Bio-Adhesives Market Forecast, by Region
7.3.1. North America
7.3.2. Europe
7.3.3. Asia Pacific
7.3.4. Latin America
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7.3.5. Middle East & Africa
7.4. Market Attractiveness Analysis
7.5. Market Pricing Analysis, by Source
8. North America Bio-Adhesives Market Analysis
8.1. Key Findings
8.2. North America Bio-Adhesives Market Size and Volume Forecast, by Source
8.2.1. Animal based
8.2.2. Plant based
8.3. North America Bio-Adhesives Market Size and Volume Forecast, by End-User Industry
8.3.1. Packaging & Paper
8.3.2. Construction
8.3.3. Wood & Furniture
8.3.4. Medical
8.3.5. Personal Care
8.3.6. Others
8.4. North America Market Value Share Analysis, by Country
8.5. North America Bio-Adhesives Market Forecast, by Country
8.6. North America Bio-Adhesives Market Attractiveness Analysis, by End-User Industry
9. Europe Bio-Adhesives Market Analysis
9.1. Key Findings
9.2. Europe Bio-Adhesives Market Size and Volume Forecast, by Source
9.2.1. Animal based
9.2.2. Plant based
9.3. Europe Bio-Adhesives Market Size and Volume Forecast, by End-User Industry
9.3.1. Packaging & Paper
9.3.2. Construction
9.3.3. Wood & Furniture
9.3.4. Medical
9.3.5. Personal Care
9.3.6. Others
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9.4. Europe Market Value Share Analysis, by Country
9.5. Europe Bio-Adhesives Market Forecast, by Country
9.6. Europe Bio-Adhesives Market Attractiveness Analysis, by End-User Industry
10. Asia Pacific Bio-Adhesives Market Analysis
10.1. Key Findings
10.2. Asia Pacific Bio-Adhesives Market Size and Volume Forecast, by Source
10.2.1. Animal based
10.2.2. Plant based
10.3. Asia Pacific Bio-Adhesives Market Size and Volume Forecast, by End-User Industry
10.3.1. Packaging & Paper
10.3.2. Construction
10.3.3. Wood & Furniture
10.3.4. Medical
10.3.5. Personal Care
10.3.6. Others
10.4. Asia Pacific Market Value Share Analysis, by Country
10.5. Asia Pacific Bio-Adhesives Market Forecast, by Country
10.6. Asia Pacific Bio-Adhesives Market Attractiveness Analysis, by End-User Industry
11. Latin America Bio-Adhesives Market Analysis
11.1. Key Findings
11.2. Latin America Bio-Adhesives Market Size and Volume Forecast, by Source
11.2.1. Animal based
11.2.2. Plant based
11.3. Latin America Bio-Adhesives Market Size and Volume Forecast, by End-User Industry
11.3.1. Packaging & Paper
11.3.2. Construction
11.3.3. Wood & Furniture
11.3.4. Medical
11.3.5. Personal Care
11.3.6. Others
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11.4. Latin America Market Value Share Analysis, by Country
11.5. Latin America Bio-Adhesives Market Forecast, by Country
11.6. Latin America Bio-Adhesives Market Attractiveness Analysis, by End-User Industry
12. Middle East & Africa Bio-Adhesives Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Bio-Adhesives Market Size and Volume Forecast, by Source
12.2.1. Animal based
12.2.2. Plant based
12.3. Middle East & Africa Bio-Adhesives Market Size and Volume Forecast, by End-User Industry
12.3.1. Packaging & Paper
12.3.2. Construction
12.3.3. Wood & Furniture
12.3.4. Medical
12.3.5. Personal Care
12.3.6. Others
12.4. Middle East & Africa Market Value Share Analysis, by Country
12.5. Middle East & Africa Bio-Adhesives Market Forecast, by Country
12.6. Middle East & Africa Bio-Adhesives Market Attractiveness Analysis, by End-User Industry
13. Competition Landscape
13.1. Bio-Adhesives Market Share Analysis by Company (2015)
13.2. Competition Matrix
13.3. Company Profiles
13.3.1. Henkel Corporation
13.3.1.1. Company Description
13.3.1.2. Business Overview
13.3.1.3. SWOT Analysis
13.3.1.4. Financial Details
13.3.1.5. Strategic Overview
13.3.2. Cryolife Inc.
13.3.2.1. Company Description
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13.3.2.2. Business Overview
13.3.2.3. SWOT Analysis
13.3.2.4. Financial Details
13.3.2.5. Strategic Overview
13.3.3. Ashland
13.3.3.1. Company Description
13.3.3.2. Business Overview
13.3.3.3. SWOT Analysis
13.3.3.4. Financial Details
13.3.3.5. Strategic Overview
13.3.4. Ecosynthetix Inc.
13.3.4.1. Company Description
13.3.4.2. Business Overview
13.3.4.3. SWOT Analysis
13.3.4.4. Financial Details
13.3.4.5. Strategic Overview
13.3.5. Meredian Holdings Group Inc.
13.3.5.1. Company Description
13.3.5.2. Business Overview
13.3.5.3. Strategic Overview
13.3.6. Bioadhesive Alliance Inc.
13.3.6.1. Company Description
13.3.6.2. Strategic Overview
13.3.7. Adhbio
13.3.7.1. Company Description
13.3.7.2. Business Overview
13.3.7.3. Strategic Overview
13.3.8. SCION
13.3.8.1. Company Description
13.3.8.2. Business Overview
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13.3.8.3. Strategic Overview
13.3.9. 3M Company
13.3.9.1. Company Description
13.3.9.2. Business Overview
13.3.9.3. Strategic Overview
13.3.10. Adhesives Research Inc.
13.3.10.1. Company Description
13.3.10.2. Business Overview
13.3.10.3. Strategic Overview
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Bioadhesive Market will exhibit a promising 12.9% CAGR over the period between 2016 and 2024; In terms of revenue, the market was valued at US$251.6 mn in 2015 and is projected to reach US$736 mn by 2024