Press release
Bioadhesives Market Forecast and Growth Analysis (CAGR 13.3%) 2023-2026
Bioadhesives Market
The global bioadhesives market is expected to grow at a compound annual growth rate (CAGR) of 13.3% during the forecast period of 2021 to 2026. The market was valued at USD 2.8 billion in 2020 and is projected to reach USD 5.5 billion by 2026. Bioadhesives are eco-friendly adhesives made from natural sources such as starch, proteins, and cellulose.
A natural polymeric substance called bioadhesives is used as an adhesive (a substance applied to the surfaces of objects to bond them together and prevent separation) between two different materials. Adhesive used to bind a substance and prevent separation between two materials is commonly referred to as a bioadhesive.
Glue is synthesized through the use of biological monomers (molecules used to chemically join two molecules to form a polymer), such as sugars, or through any synthetic material designed to adhere to biological tissue ( performing chemical reactions to produce a product).
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The ability to create a strong link between two classes of materials, such as B. hard and soft materials that are different in size and have specific properties, distinguishes bio-adhesives from synthetic adhesives. The main materials used to make bioadhesives are proteins and carbohydrates. Starch and gelatin have historically been used by the general public as general purpose adhesives.
Bioadhesives have biocompatible properties; hence it is used for biomedical applications involving body skin and other body tissues. Some bioadhesives can work in humid environments or under water, while others can only work at low surface energies (non-polar surfaces like plastic).
On the basis of extraction, the global bioadhesives market can be divided into natural adhesives (substances formed partially or fully from bio-based raw materials), biological adhesives (adhesive secretions from natural organisms found in marine and other wet environments such as under water), biocompatible adhesives ( natural or synthetic adhesives that come into contact with living tissues and biological fluids), biomimetic adhesives (synthetic adhesives designed to copy or mimic the molecular structure and adhesion mechanisms in the external environment), and others.
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Bioadhesives are mainly used in the healthcare sector in biomedical applications due to their ability to come into contact with living tissues and biological fluids in the human body. Other main applications of bioadhesives can be found in personal care and the pulp and paper industry. The healthcare sector is expected to dominate the market over the forecast period.
North America has the largest market share for bioadhesives, followed by Europe and Asia Pacific. The US is the largest consumer of bio-based adhesives due to technological advances and consumer inclination to use natural products. North America is expected to maintain its dominance over the forecast period; Average growth is expected for Europe. However, due to technological advances in developing countries such as India and China, the Asia-Pacific region is expected to see the highest growth in the coming years.
The increasing demand of the healthcare sector for biomedical applications is driving the global bioadhesive market. Additionally, stricter environmental regulations and consumer awareness of the adverse effects of synthetic materials continue to drive the global bioadhesive market.
Also, the propensity of industry and individuals to use bio-based products to keep the environment green or eco-friendly is expected to further drive the global bio-adhesive market to some extent. Governments are developing regulations for the chemical industry to reduce the use of fossil products, which is expected to further increase the demand for bio-based adhesives in the global market.
Increasing government regulation to use more bio-based products has prompted bio-adhesive manufacturers to release more advanced bio-adhesive materials. Some of the major companies operating in the global bioadhesives market are BioAdhesive Alliance Inc. CryoLife Inc., Ashland Inc., Everis Group, Adhbio and Columbia Laboratories, Inc.
Key regions assessed in this report are:
• North America
• US
• Canada
• Europe
• France, Germany, Italy, Spain and Great Britain
• Eastern Europe
• CIS
• APAC
• China
• India
• Japan
• Australia
• Other
• Latin America
• Argentina
• Brazil
• Other
Main features of this report
• Drivers, restraints, and challenges shaping Bioadhesive market dynamics
• Latest innovations and major events in the industry
• Analysis of the business strategies of the top players
• Bioadhesives Market Estimates and Forecasts (2015-2021)
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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