Bioadhesives are natural polymers that are used as adhesives. These are synthetically produced using organic monomers such as sugars. Bioadhesives materials build a resilient interface between two categories of materials such as soft and hard materials, which display certain characteristics that make them different from synthetic adhesives. Proteins and carbohydrates are the primary raw materials used to make bioadhesives. Gelatin (proteins) and starch (carbohydrates) are used as general purpose adhesives.
Technavio’s analysts forecast the Global Bioadhesives Market to grow at a CAGR of 13.33% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Bioadhesives Market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of bioadhesives in the paper and packaging, construction, furniture and wood, personal care, medical, and other markets.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bioadhesives Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Bioadhesives Market: 3M, Arkema, Ashland, Dow Chemical Company, Henkel, and Paramelt.
Other Prominent Vendors in the market are: Adhbio, Adhesive Research, Bioadhesive Alliance, Cryolife, and Yparex.
Commenting on the report, an analyst from Technavio’s team said: “The current trend in the market indicates that there is increasing demand from the chemical and healthcare sectors. Bioadhesives are increasingly used in the healthcare sector for biomedical applications. Governments are imposing stringent regulations regarding the emissions of volatil organic compounds and other hazardous compounds released by synthetic and petrochemical resin-based adhesives. This factor is expected to elevate the demand for bioadhesives globally. Further, consumer awareness regarding the adverse effects of synthetic materials is driving the market.”
According to the report, a key driver for market growth is the increased use of bioadhesives as a replacement for synthetic adhesives. The use of bioadhesives is increasing in construction, packaging, pharmaceutical, and personal care applications due to the growing awareness regarding the benefits of eco-friendly products. Increased adoption of drug delivery technology during surgery in the medical sector drives the demand for bioadhesives.
Further, the report states that a major challenge is that bioadhesives have a limited shelf life and can impact market growth.
3M, Arkema, Ashland, Dow Chemical Company, Henkel, Paramelt, Adhbio, Adhesive Research, Bioadhesive Alliance, Cryolife, Yparex.
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