openPR Logo
Press release

Bioadhesive Market Industry Outlook, Growth Prospects and Key Opportunities 2024

11-17-2017 01:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparecny Market Research

/ PR Agency: Transparecny Market Research
Bioadhesive Market Industry Outlook, Growth Prospects and Key

The global bioadhesive market features a highly consolidated competitive landscape, with the top three manufacturers, namely Ecosynthetix Inc., Cryolife, and SCION accounting for nearly 70% of the total market and Ecosynthetix leading the market by a large margin, observes a recent report by Transparency Market Research. Expansion of existing production sites, exploring new regions, and development of new products with highly competent adhesion properties are some of the key strategies opted by these manufacturers in the market.

Read Report Overview @ https://www.transparencymarketresearch.com/bioadhesives-market.html

With vast scope for future growth and several untapped growth opportunities, the market is highly conducive for new entrants, especially in developing markets. The challenge of strong brand image of key vendors can be eased by introduction of innovative product varieties for niche applications, such as the EcoSphere grade of bioadhesives introduced for use in inkjet paper coatings by EcoSynthetix Inc.

TMR estimates that the global bioadhesive market will exhibit a promising 12.9% CAGR over the period between 2016 and 2024. In terms of revenue, the market was valued at US$251.6 mn in 2015 and is projected to reach US$736 mn by 2024.

Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5654

Animal-based Bioadhesives to Constitute Bulk of Sales

In terms of source of raw material, the segment of animal-based bioadhesive, accounting for nearly 80% of the market in 2015, is projected to be a highly attractive segment of the global bioadhesive market during the forecast period as well. Increased usage in the medical industry for specialty applications such as wound closures and open surgeries is expected to keep the demand for animal-based bioadhesives high in the near future. Geographically, the Europe market is the leading consumer of bioadhesives, accounting for over 40% of the market in 2015.

Request Bioadhesive Market Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5654

Aversion to Environmentally Harmful and Expensive Synthetic Adhesives Key to Market Growth

Demand for bioadhesives is primarily increasing due to their eco-friendly properties and a significant rise in awareness regarding the harsh impact of synthetic adhesives on the environmental as well as the health of living organisms. Increasingly strict government regulations such as the REACH (Registration, Evaluation and Authorization of Chemicals) are continuously spreading awareness regarding the ways to minimize the use of petroleum-derived products and formaldehydes across industries.

Moreover, the global demand for bioadhesives is also significantly rising as bioadhesives are cheaper than synthetic adhesives due to the low cost and easy availability of raw materials for the former. Dependence on the highly dynamic petroleum industry for sourcing raw materials lead to fluctuations in the cost of synthetic adhesives. As a result, several industries are focusing on the increased usage of bio-derived products, which is expected to drive the bioadhesive market in the near future.

Buy Bioadhesive Market Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=5654<ype=S

Concerns Regarding Low Performance Compared to Synthetic Adhesives could Hinder Growth

Certain bioadhesives, which are derived from 100% bio-based raw materials, possess weak adhesion properties and low resistance to heat, chemicals, and water. Therefore, bioadhesives are treated with synthetic adhesives to increase their performance. Bioadhesives are also known to possess low wet and dry strength compared to synthetic adhesives, factors that significantly limit their use in a number of applications. Moreover, bioadhesives also face the issue of a limited shelf life, which worsens when the product is stored in liquid form. Cumulatively, these factors can lead to the increased usage of synthetic adhesives across several applications, resulting in the limited growth prospects of the bioadhesives market.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bioadhesive Market Industry Outlook, Growth Prospects and Key Opportunities 2024 here

News-ID: 822128 • Views: 102

More Releases from Transparecny Market Research

Fly Ash Market Estimated to Reach Us$ 11,371 Mn By 2026
According to a new report published by Transparency Market Research (TMR) titled 'Fly Ash Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,' the global fly ash market is estimated to reach US$ 11,371.0 Mn by 2026 and is anticipated to expand at a CAGR of 7.1% during the forecast period. Expansion in the global fly ash market is primarily driven by the growth in end-user industries
Carbon Fiber Market to Reap Voluminous Revenues As Automotive Industry Focuses o …
The demand within the global carbon fiber market has been rising on account of advancements in the domain of chemical research and testing, finds Transparency Market Research. The presence of a stellar industry for studying the properties of carbon-based materials has led to the growth of this market. The heavy reliance of the textiles industry on the supply woven carbon filaments has also played a crucial role in accelerating market
Global Enzymes Market to Reach a Valuation Of ~Us$ 12.2 Bn by 2027
Key Highlights: The global enzymes market was valued at approximately ~US$ 6.4 Bn in 2018 and is anticipated to expand at a CAGR of more than 7% from 2019 to 2027 Rise in demand for enzymes for use in the food & beverages processing application is driving the global enzymes market. North America accounted for a major share of the global enzymes market in 2018. Get Research Report Overview @ https://www.transparencymarketresearch.com/enzymes-market.html In terms of demand,
Global Propane Market to Witness 5% CAGR From 2019 to 2027
As per a recent report by Transparency Market Research, the global propane market is expected to experience a consistent growth over the period of 2019 to 2027. The report mentions the facts that due to widespread application of propane in numerous petrochemical industries, the market shall witness 5% CAGR in the mentioned period of 2019 to 2027. Moreover, post analysis of the market, the experts at Transparency Market Research states

All 5 Releases


More Releases for Bioadhesive

Bioadhesive Market 2016 Share, Trend, Segmentation and Forecast to 2024
Global Bioadhesive Market: Snapshot The global market for bioadhesive has been gaining significantly over the recent past. Thanks to the increasing implementation of stringent rules and regulations, compelling industries to limit the application of petroleum-based products, the focus on eco-friendly, bio-based adhesives has increased, which is reflecting greatly on this market. The technological advancements in research and development activities and the resultant advancements in adhesives is also supporting the adoption
Bioadhesive Market - Positive Long-Term Growth Outlook 2024
Global Bioadhesive Market: Snapshot The global market for bioadhesive has been gaining significantly over the recent past. Thanks to the increasing implementation of stringent rules and regulations, compelling industries to limit the application of petroleum-based products, the focus on eco-friendly, bio-based adhesives has increased, which is reflecting greatly on this market. The technological advancements in research and development activities and the resultant advancements in adhesives is also supporting the adoption of
Market Analysis: Global Bioadhesive Market Research Report 2017
In this report, the global Bioadhesive market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Bioadhesive in these regions, from 2012 to 2022 (forecast), covering
Bioadhesive Market Trends To 2024
Global Bioadhesive Market: Overview Bioadhesive is an adhesive that is derived from natural sources such as plant and animal. It is a substitute for synthetic and epoxy adhesive that are derived from petroleum. Bioadhesives are primarily employed in end-user industries such as paper & packaging, construction and wood works & furniture. Demand for bioadhesive is expected to increase significantly in the next few years considering the stringent regulatory policies regarding petroleum
Bioadhesive Market - Forecasts From 2017 To 2022
Knowledge Sourcing Intelligence announces its new report titled “Bioadhesive Market - Forecasts From 2017 To 2022”. The report segments the bioadhesive market based on source (Plant Based, and Animal Based), industry vertical (Packaging, Construction, Health Care, Consumer Goods, and Others), and geographical region (North America, South America, Europe Middle East and Africa, and Asia Pacific). Bioadhesive market is estimated to grow at a CAGR of 12.90% over the forecast period to
04-06-2017 | Science & Education
TMR
Bioadhesive Market Research Report 2016
Global Bioadhesive Market: Overview Bioadhesive is an adhesive that is derived from natural sources such as plant and animal. It is a substitute for synthetic and epoxy adhesive that are derived from petroleum. Bioadhesives are primarily employed in end-user industries such as paper & packaging, construction and wood works & furniture. Demand for bioadhesive is expected to increase significantly in the next few years considering the stringent regulatory policies regarding petroleum