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Bioadhesives Market Share, Size,Growth, Key Players, Outlook
and Forecasts to 2024 | Hexa Research
“ Bioadhesives Market size to reach 2.5 million tons by 2024”
02 January 2019
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 biodegrada ble products
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 b onding
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.
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