Animal Glue Market 2022 | Industry Outlook, Size, Share and Growth Analysis

According to Precision Business Insights (PBI), the latest report, the Animal Glue Market is expected to be valued at USD 3,653.2 million in 2022 and is poised to grow at a significant CAGR of 5.1% over 2022-2028. The primary driver of the expansion of the global animal glue Market is the increasing demand for animal glue for numerous applications such as binding, painting, footwear, and food, and also rising awareness regarding the benefits of employing animal glue products.

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Binding Segment to Dominate the Animal Glue Market:
On the basis of application, the binding segment is expected to dominate the global animal glue market over the forecasted period as this segment hold a significant revenue share in past years owing to the rising demand for binders in numerous industries, such as packaging, construction, furniture making, and others. Additionally, increasing consumption of binders for pets due to their high durability and easy accessibility are also anticipated to propel product demand in the coming next few years. With continuous improvement in animal glue products with cost-effectiveness, will surely expand the glue market over the forecasted period.

Asia Pacific Animal Glue Market
The North America market is expected to lead the global market of animal glue over the forecast period due to the increasing population having higher disposable income ensuing higher demand for pictures and the creative art industry. With the existence of prominent players such as LD Davis Industries Inc Notable, African Glue Industries and many more will expect to move with progressive growth in current times as well as in the coming next few years. The Asia Pacific is also witnessed to account for the major share of the global animal glue market due to the increasing population in emerging economies, also with the speedy development of the industrial area including food & beverage adhesives, and paints in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Animal Glue Market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The animal glue market is segmented based on product type, application, and geography.
Based on the product type, the market is segmented into the following:
• Bone Glue
• Fish Glue
• Rabbit Skin Glue
• Hide Glue

Based on the application, the market is segmented into the following:
• Binding
• Footwear
• Painting
• Food

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Animal Glue Market report are African Glue Industries, LD Davis Industries, McAdams Chemical Mfg, Luohe Wulong Gelatin, Kerala Chemicals and Proteins, Xiamen Hyfine Gelatin, Xiamen Gelken Gelatin, Rallis India, Bhopal Glues and Chemicals, and Esdee Paints.

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This release was published on openPR.