Bioadhesives Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast (CAGR 10.7%) by 2023

Global Industry Analysis

Bioadhesives are chemicals, either natural or artificial, that stick to biological surfaces. They have grown in popularity in recent years because they are non-toxic and biodegradable. Applications for bioadhesives are numerous in the consumer, industrial, and medical fields. The goal of this study is to give readers a broad overview of the bioadhesives market, including market size, growth trends, and major competitors.

Market Size and Growth:

According to a report by Persistence Market Research, the global bioadhesives market is expected to grow from USD 3.6 billion in 2020 to USD 6.0 billion by 2023, at a CAGR of 10.7% during the forecast period. The growing demand for eco-friendly and sustainable products, coupled with the increasing adoption of bioadhesives in various industries, is driving the market growth.

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By using biological monomers (molecules that are used to chemically bond two molecules to form a polymer), such as sugars, or by any synthetic material intended to adhere to biological tissue, glue is synthesised (the execution of chemical reactions to obtain a product.

The ability to create a strong bond between two classes of materials, such as hard and soft materials, that are of different scales and display specific characteristics sets bioadhesives apart from synthetic adhesives. The main materials utilised to create bioadhesives are protein and carbohydrates. Since ancient times, the general public has used starch and gelatin as all-purpose adhesives.

Bioadhesives have biocompatible property; hence it is used for biomedical applications involving body skin and other body tissue. Some bioadhesives can work in wet environments condition or under water, while other can only operate in low surface energy (non-polar surfaces such as plastic).

On the bases of extraction global bioadhesives market can be bifurcated into natural adhesives (substances that are partially or completely formed from bio-based raw materials), biological adhesives (adhesive secretions from natural organisms in marine and other wet environments such as under water), biocompatible adhesives (natural or synthetic adhesive which interfaces with living tissues and biological fluids), biomimetic adhesives (synthetic adhesives design to copy or mimic the molecular structure and mechanisms of adhesion found in external environment) and others.

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Bioadhesives are mostly applied in the healthcare sector in biomedical application, as it can interfaces with living tissues and biological fluids within the human body. Other major applications of bioadhesives are in the field of personal care and paper & pulp industry. Healthcare sector is expected to dominate the market in the forecasted period.

North America has the largest market share for bioadhesives, followed by Europe and Asia Pacific. The U.S. is the largest consumer of bio based adhesives owing to technological advancement and consumer tilt towards using natural products. North America is expected to maintain its dominance in the forecasted period; Europe is expected to show average growth. However, Asia Pacific is expected to witness highest growth in the coming years owing to technological advancement in the developing countries such as India and China.

Increasing demand from the healthcare sector for biomedical application is driving the global bioadhesives market. Additionally, increasing stringent environmental regulations and consumer awareness towards the adverse effects of synthetic materials is further driving the global bioadhesives market.

Also, industrial and individuals inclination toward using bio-based product to keep the environment green or eco-friendly is further expected to drive the global bioadhesives market to some extent. Governments are coming up with regulation for the chemical industries to reduce the use of fossil products, which is further expected to increase the demand for bio-based adhesives in the global market.

Increasing government's regulation to use more of bio-based products has influenced the bioadhesives manufacturing companies to come out with more advanced bioadhesives materials in the market. 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.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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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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