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Bioadhesives Market By Source (Plant Based & Animal based), By Application (Packaging & Paper, Construction, Wood, Personal Care, Medical) Is Expected to Reach $2,549.2 Million by 2022: New Report By Grand View Research, Inc.

Globe Newswire

San Francisco, California, May 27, 2015 (GLOBE NEWSWIRE) -- The global bioadhesives market is expected toreach USD 2,549.2 million by 2022, according to a new study byGrand View Research, Inc. Volatile prices of synthetic adhesives onaccount of fluctuation in raw material prices is expected to remaina key driving factor for global bioadhesives market. Governmentsupport to promote the use of natural, environmental friendlyproducts particularly in North America and Europe is also expectedto have a positive influence on the market growth. Growth of keyend-use industries such as packaging, construction and automotiveparticularly in emerging markets of Asia Pacific is also expectedto impact the demand positively. Low shelf life of bioadhesivescompared to synthetic adhesives is expected to remain a keychallenge for market participants.

Browse to access in-depth research report on GlobalBioadhesives Market with detailed charts and figures: http://www.grandviewresearch.com/industry-analysis/bioadhesives-market 

Plants were the largest source for bioadhesivesand accounted for over 87.0% of the total market volume in 2014.Promising plant based adhesives such as starch, soy and corn findwide application across various end-use industries and are expectedto provide lucrative opportunities to industry participants andaugment global market growth.  Animal based adhesives areexpected to witness steady growth of 13.2% from 2015 to 2022.

Further key findings from the studysuggest:

  • Global bioadhesives market demand was 784.0 kilo tons in 2014and is expected to reach 2,046.8 kilo tons by 2022, growing at aCAGR of 13.0% from 2015 to 2022.
  • Packaging & paper was the leading application segment andaccounted for 37.2% of total market volume in 2014. Growing demandfor natural products for packaging particularly from food &beverages industry is expected to drive this segment over theforecast period. Medical is expected to witness the highest growthof 13.8% from 2015 to 2022. Increasing application base ofbioadhesives in medical industry such as surgical bioadhesives,wound care dressing and transdermal drug delivery systems isexpected to drive this segment.
  • Europe emerged as the largest regional market and accounted for43.2% of total consumption in 2014. Germany emerged as the leadingbioadhesives consumer in Europe. Government support in the form ofcash grant up to 50% for bioadhesive manufacturers coupled withemission reduction norms in wood industry is expected to drive theregional growth over the forecast period. Asia Pacific bioadhesivesmarket is expected to exceed USD 500 million by 2022.
  • Global bioadhesives market is moderately consolidated withpresence of large scale and small scale companies. Some of themajor companies operating in the global market include Henkel AG& Co., Ashland, Arkema SA, Ecosynthetix Inc., 3M Company,Danimer Scientific LLC, Cryolife Inc., Yparex B.V., Dow ChemicalCompany, Adhesives Research Inc., Paramelt, Adhbio and BioadhesiveAlliance Inc.

Get more insights about the Global Bioadhesives Marketor request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/bioadhesives-market

For the purpose of this study, Grand ViewResearch has segmented the bioadhesives market on the basis ofsource, application and region:

Global Bioadhesives Source Outlook(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • Plant based
  • Animal based

Global Bioadhesives Application Outlook(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • Packaging & paper
  • Construction
  • Wood
  • Personal Care
  • Medical
  • Others

Global Bioadhesives Regional Outlook(Volume Kilo Tons; Revenue, USD Million, 2012 - 2022)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Central & South America
  • Middle East & Africa

Browse to access more reports of this category by GrandView Research: http://www.grandviewresearch.com/industry/renewable-chemicals 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research andconsulting company, registered in the State of California andheadquartered in San Francisco. The company providessyndicated research reports, customized research reports, andconsulting services. To help clients make informed businessdecisions, we offer market intelligence studies ensuring relevantand fact-based research across a range of industries, fromtechnology to chemicals, materials and healthcare.

This market research report can also be accessed @https://www.linkedin.com/today/post/article/bioadhesives-market-grow-worth-25492-million-2022-sherry-james?trk=prof-post

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Web: www.grandviewresearch.com 

Source:Grand View Research