Major players in the bioadhesives market are Arkema S.A., Beardow Adams, Ashland Global Specialty Chemicals Inc., EcoSynthetix Inc., Bioadhesive Alliance Inc., DuPont, Tate & Lyle PLC, Cryolife Inc., Yparex B.V., Camurus, Follmann GmbH & Co. KG, Kollodis BioSciences Inc., and Bemis Associates Inc.
The global bioadhesives market grew from $4.52 billion in 2022 to $5.07 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The bioadhesives market is expected to grow to $7.47 billion in 2027 at a CAGR of 10.2%.
The bioadhesives market consists of sales of bioadhesives for use in clinical applications such as tissue sealants and hemostats.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Bioadhesives are natural polymers that are derived from bio-based raw materials to bond two surfaces together.It refers to the phenomenon in which synthetic and natural materials adhere to biological surfaces.
The bioadhesives are used as adhesive materials for artificial applications. Bioadhesives are cheaper and easier to manufacture and have the potential to replace synthetic adhesives.
Europe was the largest region in the bioadhesives market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the bioadhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of bioadhesives are plant-based and animal-based.Plant-based bioadhesives are the adhesives that are produced from the plant and are used in properties such as matrix formation and environment.
These are produced by various methods such as direct chemical synthesis, bacteria and yeast fermentation, and natural organisms farming and are used in various industries such as packaging industries, paper, and pulp industries, construction industries, personal care, healthcare, and others.
Governmental regulations and policies to control environmental pollution are significantly contributing to the growth of the bioadhesives market.The governments are more concerned about the adverse effects of pollution on public health and the environment, so they have implemented regulations to control air pollution, and this increased the demand for the use of bio-based materials such as bioadhesives.
For instance, in March 2022, the United Kingdom government set additional goals to be incorporated into the Environment Act 2021, including a legally obligatory goal to reduce fine particulate matter (PM2.5) levels to 10 micrograms per cubic metre (g/m3) by 2040. The new targets included a 35% decrease in population exposure to PM2.5 by 2040 compared to levels in 2018, and they covered water, air quality, and biodiversity. Therefore, the governmental regulations and policies to control environmental pollution are expected to propel the growth of the bioadhesives market going forward.
Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the bioadhesives market.Key players operating in the bioadhesives sector are focused on partnerships and collaborations to reinforce their position.
For instance, in March 2021, Technol, a UK-based company operating in clean technology, partnered with Beardow Adams, a UK-based company that manufactures bioadhesives.With this collaboration, they intended to offer packaging solutions for sustainable packaging to support a sustainable future.
Moreover, in January 2021, Bemis Associates, a US-based manufacturer of thermoplastic films, tapes, and adhesives, partnered with DuPont Tate & Lyle Bio Products partnered to launch the world’s first Sewfree product made from renewable materials. DuPont Tate & Lyle Bio Products is a US-based company that offers bioadhesives.
In August 2021, Arkema, a France-based chemicals company acquired Ashland’s performance adhesives business for an undisclosed amount.With this acquisition, the group aimed to become a pure specialty materials player by 2024, with an emphasis on sustainable and high-performance solutions.
Ashland is a US-based chemicals company that manufactures bioadhesives.
The countries covered in the bioadhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The bioadhesives market research report is one of a series of new reports that provides bioadhesives market statistics, including bioadhesives industry global market size, regional shares, competitors with a bioadhesives market share, detailed bioadhesives market segments, market trends and opportunities, and any further data you may need to thrive in the bioadhesives industry. This bioadhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.