Trends, opportunities and forecast in bioadhesive market to 2024 by source type (plant based and animal based), end use industry (packaging and paper, construction, wood, personal care, medical and others), and region (North America, Europe, Asia Pacific, and Rest of the World)
According to a market report by Lucintel, the future of the www.lucintel.com/bioadhe…arket.aspx market looks promising with opportunities in the packaging & paper, construction, wood, personal care, and medical industries. The bioadhesive market is expected to grow with a CAGR of 12% from 2019 to 2024.
The major growth drivers for this market are strict regulations & policies for synthetic adhesives and growing applications of bioadhesives in various end use industries.
In this market, plant based and animal based adhesives are the major source type used in the manufacturing of bioadhesive. Plant based adhesive is the largest segment of the bioadhesive market.
Within the bioadhesive market packaging & paper, construction, wood, personal care, and medical are the major end use industries. Packaging and paper segment is the largest end use segment of the bioadhesive market.
North America is projected to remain the largest region over the forecast period due to growing demand for bioadhesives in different applications.
Danimer Scientific Llc., Henkel Corporation, Ecosynthetix Inc., DowDuPont, Ashland Inc., 3M Company, Adhesives Research Inc., Adhbio, and Yparex B.V. are among the major manufacturers of bioadhesives.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the bioadhesive market by end use industry, source type, and region. Lucintel has prepared a comprehensive research report entitled "Bioadhesive Market 2019-2024: Trends, Forecast, and Opportunity Analysis".
This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes forecast for the bioadhesive market by end use industry, source type, and region as follows:
By Source Type: [$M shipment analysis for 2013 – 2024]:
- Plant Based
- Animal Based
By End Use Industry: [$M shipment analysis for 2013 – 2024]:
- Packaging & Paper
- Personal Care
By Region: [$M shipment analysis for 2013 – 2024]:
- North America
- The US
- The United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
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