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
The global market for bioadhesives is consolidated with a handful of players holding the major share in the market . Cryolofe , SCION , and Ecosynthetix Inc . emerged as the top three companies , representing a massive share of almost 70 % in the global bioadhesives market in 2015 , finds Transparency Market Research ( TMR ). Most of the leading manufacturers of bioadhesives are toiling to amplify their production capacities , develop new products , and to penetrate into unexplored regional markets .
Entry of new market players is encouraged by the vast growth opportunities presented by untapped geographical regions , particularly in Asia Pacific and the Middle East and Africa ( MEA ) regions . However , the new entrants might have to overcome the challenge pertaining to strong brand images of leading vendors via launches of innovative products . According to the findings of TMR , in 2015 , the global bioadhesive market was pegged at USS251.6 mn in terms of revenue . By the end of 2024 , the market will attain a revenue worth US $ 736 mn , growing at a favorable CAGR of 12.9 % between 2016 and 2024 , states TMR . The paper and packaging segment held a significant share of 30 % in the global market for bioadhesives in 2015 . By region , Europe accounted for a whopping 40 % of the global market during 2015 .
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Europe , North America All Set for Further Expansion The bioadhesive market in North America is slated for maximum growth , driven by the strict adherence to eco-friendly regulatory policies . As more innovative products are developed by several firms to expand their product portfolios , the market is gaining momentum rapidly . The presence of prominent market players such as Dow Chemical Company , 3M Company , DaniMer Scientific , LLC ,
Transparency Market Research
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