HOME › Research Insight › The bioadhesive market is driven by the important global players and their product qualities in the key growth markets.
The bioadhesive market is driven by the important global players and their product qualities in the key growth markets.
The bioadhesive market is driven by the important global players and their product qualities in the key growth markets. Europe is the largest market, followed by the North American and Asia-Pacific regions. The leading market players have invested huge expenses on research & development and in value chains so as to reduce the impact of external environment on product economics. Also, the leading players are expected to expand their businesses by infusing the growth strategies to sustain such a high demand-oriented market.
Henkel Corporation (Germany), Dow Chemical Company (U.S.), DaniMer Scientific, LLC (U.S.), Paramelt B.V. (Netherlands), Ashland Inc. (U.S.), Adhesives Research (U.S.), EcoSynthetix Inc. (Canada), 3M Company (U.S.), Yparex B.V. (Netherlands), Adhbio (Spain), and others are the important manufacturers of bioadhesives at the global level. DaniMer Scientific has been the most active players from 2011 to 2014, in terms of developments in the bioadhesive industry. In terms of market activities, alliances and new product launches were the most preferred development strategy followed by these companies. Most of the developments were witnessed in 2013 and 2012, followed by 2011 across the globe. It is expected that the players will enter into joint ventures or expansion or new product launch to cope with the demand and supply in the industry.
Though the global players constantly launching new products to fulfill the increasing demand for eco-friendly adhesives, globally. For instance, increasing end-user demand for bioadhesives led adhesives manufacturer Henkel Corporation to enter joint venture with DaniMer Scientific LLC, to develop hot-melt adhesives, a bioadhesive for packaging application market.
In the European and North American region, companies like Dow Chemical Company and DaniMer Scientific launched new products to strengthen their global business developments by targeting growth markets in these regions. EcoSynthetix is also developing its new bioadhesive products across the North America, to meet its rising demand. The growing environmental and regulatory concern over the usage of petro-based adhesives are being replaced by bioadhesives in European and North American region.
The report categorizes bioadhesive into different applications. These are packaging & paper, construction, wood, personal care, medical, and others industrial applications. Bioadhesives are majorly used in packaging & paper application. Packaging & paper application market for bioadhesives is estimated to grow at a double digit CAGR between 2014 and 2019, in terms of volume. The European region, with an estimated CAGR of double digit between 2014 and 2019, is the fastest-growing market for bioadhesive in terms of volume.
Bioadhesive Market by Type (Plant Based, and Animal Based), by Application (Packaging & Paper, Construction, Wood, Personal Care, Medical, and Others) - Global Forecast to 2019
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252