Specialty & Fine Chemicals Industry Bioadhesives Market Trends, 2024

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Bioadhesives Market Analysis, Size, Share, Growth, Industry
Trends and Forecasts to 2024 - Hexa Research
" The global Bioadhesives Market surpassed 750 kilo
tons in 2015. It is estimated to reach nearly 2.5
million tons by 2024 from 2 million tons in 2023.
Greater preference for bio-based products will drive
the market in the coming years."
The global Bioadhesives Market exceeded 750 kilo tons in 2015. The capacity is estimated to increase from 2
million tons in 2023 to almost 2.5 million tons by 2024. Demand for bio-based eco-friendly products is
anticipated to drive the market during the forecast period (2016-2024). Greater awareness about the adverse
effects of synthetic materials can propel market growth. Additionally, bio-based origin and low manufacturing
costs should execute a primary role in industry growth.
The use of bioadhesives in flexible packaging could boost demand for the product. Moreover, robust demand
from chemical and healthcare applications may impel market growth. Most governments worldwide are
regulating chemical industries in an attempt to reduce the use of fossil fuels. This could substantially increase
the demand for bioadhesives. Environmental regulations that promote the use of biodegradable pr oducts could
positively impact the market.
The global bioadhesives market is fragmented into sources, applications, and regions. Sources are split into
animal base and plant base. Starches and gelatin are the key ingredients that are used in these bonding agents.
In 2014, plant based adhesives dominated with more than 85% of the total market volumes. Availability of raw
materials, like soy, corn, and starch at low prices is projected to increase the production of these glues during
the forecast period.
Animal based adhesives could expand at a CAGR of over 13% till 2024. These glues are derived from animal
bones, hides & hooves and are commonly used in wood work. However, the low shelf-life of such adhesives can
hinder the growth of the bioadhesives industry.
Browse Details of Report @ https://www.hexaresearch.com/research-report/bioadhesives-market
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