The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The bioadhesives market has experienced a significant surge, with the market size escalating from $5.04 billion in 2023 to $5.62 billion in 2024, marking an impressive Compound Annual Growth Rate (CAGR) of 11.6%. The historical growth is attributed to heightened environmental awareness, stringent regulations, an increased demand for biodegradable products, and considerations for health and safety in addition to the rise of the pharmaceutical and medical industries.

Anticipating Rapid Growth Ahead

– Future Projections

The bioadhesives market is poised for continued rapid growth, with forecasts indicating an expansion to $8.58 billion by 2028, boasting a CAGR of 11.2%. The expected growth in the forecast period is attributed to increasing investments in renewable resources, the expanding packaging sector, the booming construction industry, and overall economic growth. Key trends in the forecast period include the utilization of natural and bioengineered polymers, integration of 3D printing, development in nano-bioadhesives, and a notable increase in partnerships and collaborations.

Governmental Regulations and Environmental Concerns as Catalysts

– Environmental Advocacy

Governmental regulations aimed at environmental protection are playing a pivotal role in propelling the bioadhesives market forward. The increasing concern for adverse effects of pollution on public health and the environment has led to the implementation of regulations to control air pollution. For example, the UK government set additional goals to reduce fine particulate matter levels by 2040, emphasizing the importance of reducing environmental impact. This regulatory push is expected to fuel the demand for bio-based materials like bioadhesives, thereby driving market growth.

Rising Popularity of Bio-Compatible Adhesives in Healthcare

– Medical Innovation

The rising popularity of bio-compatible adhesives, particularly in the medical field, is driving significant market growth. Major companies are developing new products to meet the increasing demand for bio-compatible adhesives in medical applications. For instance, H.B. Fuller introduced Swift Melt 1515-I, a bio-compatible adhesive with robust and rapid bonding capabilities, suitable for medical and healthcare applications. The emphasis on non-toxicity and ISO 10993-5 certification for cytotoxicity positions these adhesives as a preferred choice in medical settings.

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Strategic Moves and Market Expansion

– Arkema’s Acquisition

Strategic acquisitions are shaping the bioadhesives market landscape. In August 2021, Arkema, a France-based chemicals company, acquired Ashland’s performance adhesives business, reflecting the industry’s focus on sustainable and high-performance solutions. This acquisition underscores the industry’s commitment to becoming a pure specialty materials player, aligning with the demand for eco-friendly adhesive solutions.

Market Segmentation and Regional Dominance

– Diverse Market Segmentation

The bioadhesives market is segmented by type (Plant-Based, Animal-Based), production methods (Direct Chemical Synthesis, Bacteria and Yeast Fermentation, Natural Organisms Farming), and industry (Packaging Industries, Paper and Pulp Industries, Construction Industry, Personal Care, Healthcare, and Other Industries). Europe led the market in 2023, while Asia-Pacific is expected to emerge as the fastest-growing region in the forecast period, showcasing the global significance of the bioadhesives market.

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The Bioadhesives Global Market Report 2024  provides an overview of the bioadhesives market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bioadhesives market forecast analyzes bioadhesives market size, bioadhesives market share, leading competitor and their market positions.

The Table Of Content For The Bioadhesives Market Include:
1. Bioadhesives Market Executive Summary
2. Bioadhesives Market Segments
3. Bioadhesives Market Size And Bioadhesives Market Growth Rate
4. Key Bioadhesives Market Trends
5. Major Bioadhesives Market Drivers
……
25. Key Mergers And Acquisitions In The Bioadhesives Market
26. Top Bioadhesives Companies
27. Bioadhesives Market Opportunities And Strategies
28. Bioadhesives Market, Conclusions And Recommendations
29. Appendix

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