Global Bioinspired Adhesives market Size (2023 - 2030)

Global Bio Inspired Adhesives Market was valued at USD 8.03 billion and is projected to reach a market size of USD 17.10 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 11.4%.

INDUSTRY OVERVIEW

Biologically derived glues or polymeric materials having adhesive qualities, such as gelatin, starch, or cellulose, are referred to as "bioinspired adhesives." They are frequently employed to hold diverse materials together and prevent their separation under a variety of conditions. Additionally, they are used for adhesion between cells, between an organism and external surfaces, and between living and non-living components of an organism. They have quickly acquired popularity as an alternative to conventional synthetic adhesives because of their cost effectiveness, sustainability, and sensitivity to the environment. As a result, Bioinspired adhesives have wide-ranging uses in a variety of sectors, including the medical, packaging and paper, building and construction, wood, and personal care industries.

The main reasons propelling market expansion are the expanding applications of bioinspired adhesives across various end-use industries. For instance, because of its antibacterial, antioxidant, anti-inflammatory, improved wound healing, and leakage prevention qualities, bioinspired adhesives are quickly replacing traditional invasive wound closure techniques, such as surgical sutures, staples, and wires, in the healthcare business. In addition, they are used for transdermal drug delivery, wound care dressing, and skin-bonded monitoring devices. Additionally, there has been a considerable movement toward bio-based products as a result of the general public's increased environmental concern. The need for the product is also being increased by the extensive use of bioinspired adhesives for flexible packaging, printed sheets lamination, specialty packaging, and cigarettes and filters. Additionally, the adoption of strict rules about synthetic adhesives and several beneficial efforts done by the governments of various nations to promote the usage of eco-friendly goods are fueling the market's expansion. Additionally, the top companies are making significant investments in research and development (R&D) initiatives to provide cutting-edge bio adhesive variations to broaden their product line and draw in new clients. A favorable market forecast is also being influenced by additional variables, such as the growing need for environmentally friendly packaging, the popularity of plant-based adhesives, the accessibility of raw materials, and the rise in building and renovation activities.

COVD-19 IMPACT ON THE BIOINSPIRED ADHESIVES MARKET

On March 11, 2020, the World Health Organization declared COVID-19 a public health emergency due to its global proliferation to over 213 nations. Germany, France, Italy, Spain, the UK, and Norway are a few of the significant economies experiencing COVID-19 issues. The paper & packaging, building, woodworking, personal care, and medical industries are the main users of bioinspired adhesives. Furthermore, these industries' growth rates were somewhat declining as a result of the effects of the national lockdown. As a result of the suspension of various businesses, particularly transportation and supply chains, the economy has suffered in several nations. Due to the lockout, there has been no development, which has hampered demand for the product. The expansion of the chemical sector during the COVID-19 pandemic is anticipated to be hampered by the demand-supply imbalance, interruptions in the acquisition of raw materials, and price instability. Economists predict that the pandemic's impact on lower worldwide demand for China's goods would have a further negative impact on the country's economy. The growth rate drops precipitously as the coronavirus epidemic spreads, against a backdrop of erratic markets and increasing credit stress. China's economy has been impacted harder than anticipated, albeit a modest stabilization has started. The first quarter of 2020 saw lower product demand in the U.S. and European nations due to lengthier lockdowns and increased travel and transit restrictions. In the coming years, the market is anticipated to rebound.

MARKET DRIVERS: 

Increasing restrictions and rules against the use of adhesives based on petrochemicals is boosting market growth

For a variety of industrial applications, synthetic adhesives are currently most commonly utilized commercially. Various nations have adopted bio-inspired goods in a variety of applications throughout the years as a result of rising environmental concerns and regulatory laws. Furthermore, to assure safety and prevent health problems and risks brought on by VOC emissions from synthetic or Petro-based adhesives, the world's adhesive makers are concentrating on bio-products. Environmental regulations have a strong regulatory impact on areas in Europe and North America. Some organizations, like the Food and Drug Administration (FDA) and the US Environmental Protection Agency (EPA), favor the use of bio-based materials in adhesives. Consequently, encouraging R&D efforts and investments to promote the manufacture of sustainable goods with a bio-based foundation.

Increasing demand for environmentally-friendly products is driving market growth

Numerous reasons, including growing customer desire for ecologically friendly products and rising awareness of sustainability and greener products, are fueling the expansion of the global market for bioinspired adhesives. The development of novel bio-based chemicals is being funded by the global chemical market, which is also pressuring producers to provide VOC-free goods. As a result, there is plenty of room for the development of environmentally friendly goods in the global chemicals and materials market given the present market demand. A chance for the development of environmentally friendly and sustainable adhesive solutions is presented by the rising demand for green or environmentally friendly constructions. Environmentally friendly and good for human health, green adhesive solutions are created from bio-based, renewable, recycled, remanufactured, or biodegradable components.

MARKET RESTRAINTS:

Competition from substitutes is hampering market growth

Bioinspired adhesives have the potential to take the place of adhesives made from petroleum feedstock since they are produced from sustainable resources. Bioinspired adhesives are heavily contested by synthetically generated adhesives, which are less expensive and simpler to produce. The focus of bioinspired adhesives makers must be on offering bio-based goods at a price that is competitive to reach sizable markets and overcome resistance to change. The major market segments are seizing this chance to create technology that will enable the manufacturing of bio-inspired adhesives with excellent performance at affordable prices.

The usage of bio and green adhesives has been constrained in several applications due to the restricted capabilities of bioinspired adhesives. The market for bioinspired adhesives has been unable to grow due to ongoing questions about the performance capabilities of these materials.

Advanced technological know-how is stifling the market growth

Advanced formulation and cutting-edge technology are required for the creation of bioinspired adhesives. Compared to conventional adhesive formulations, producing bio-based adhesives involves considerable R&D costs. Therefore, only the top global firms can commit significant resources to such product innovation. Henkel AG, EcoSynthetix Inc., 3M Company, Arkema SA, and Cryolife Inc. are among the top companies funding R&D initiatives. Though it is extremely difficult for them to advertise their products in the cutthroat international market, smaller firms are nonetheless capable of strategizing and developing unique items. Leading businesses already provide their clients with high-quality adhesive goods and specialist technical services. The cutting-edge technology used to create bioinspired adhesives offers customers and glue makers long-term benefits.

BIOINSPIRED ADHESIVES MARKET REPORT COVERAGE:

This research report on the Bioinspired Adhesives Market has been segmented and sub-segmented based on Source, Application and By Region.

BIOINSPIRED ADHESIVES MARKET – BY SOURCE  

• Plant-based

• Animal-based

Based on the source, the bioinspired adhesive market is segmented into, Plant-based and Animal-based. With a 73.0% revenue share, plant-based adhesives led the market in 2021. Due to the abundance of available raw materials and affordable pricing, starch, soy, corn, and maize-based adhesives are becoming more and more popular. High demand for product varieties made from plants is anticipated to result from consumers' growing preference for bio-based items.

It is anticipated that animal-based adhesives, including bone, glue, hide, and hoof would rapidly enter the end-use sectors. They are employed in specialized fields including carpentry, pipe organ construction, piano repair, and antique restoration. However, segment expansion is anticipated to be hampered over the projection period by the short shelf life and limited functioning of animal-based varieties.

BIOINSPIRED ADHESIVES MARKET - BY APPLICATION

• Paper & Packaging

• Construction

• Woodworking

• Personal Care

• Medical

• Others

Based on the source, the bioinspired adhesive market is segmented into Paper & Packaging, Construction, Woodworking, Personal Care, Medical and Others. The bio adhesives market's leading application, packaging and paper, with a revenue share of 36.5% in 2021. Numerous industries use bio adhesives, including specialty packaging, cigarettes and filters, printed sheet lamination, and flexible packaging. Over the projected period, expanding paper and packaging industries in emerging regions in the Asia Pacific and Latin America are anticipated to boost sector growth.

In 2021, the second-largest application segment was the construction sector. In the construction business, the product is frequently used for pavement, waste management systems, pipelines, and cladding panels, among other things. Due to increased infrastructure development in developing nations in the Asia Pacific, Middle East, and Latin America, this application is estimated to rise significantly.

Over the projection period, the medical application category is anticipated to experience a CAGR of 15.6%. Increased use in procedures including surgeries, transdermal medication administration, wound care dressings, and skin-bonded monitoring devices is what is driving product demand in the medical sector.

Over the next few years, there will be a noticeable increase in the use of bio adhesives in internal medical applications. For instance, fibrin adhesives are becoming more popular in cardiovascular applications because they are biocompatible, have a significant hemostatic effect (prevent bleeding), and are biofriendly.

BIOINSPIRED ADHESIVES MARKET - BY REGION

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East

• Africa

By region, the Bioinspired Adhesives Market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa. With a volume share of 43.2% in 2021, Europe was the largest regional bioinspired adhesives market in terms of demand. Due to strict regulatory restrictions on synthetic adhesives and the quick development of bio-based material technology, the area is anticipated to maintain its leadership during the projected period.

In 2021, North America ranked as the second-largest consumer. Due to actions done by organizations that protect the environment, such as the Environment Protection Agency (EPA) and the Commission for Environmental Cooperation, the regional market is anticipated to experience a considerable rise in demand over the course of the projected period (CEC). Over the predicted period, moderate growth is anticipated in the Asia Pacific. The region's expanding development and refurbishment projects are predicted to increase product demand. Population growth, increased healthcare knowledge of illnesses and wound infections, and growing per capita income are all predicted to have a significant impact on this region's market.

BIOINSPIRED ADHESIVES MARKET - BY COMPANIES

Some of the major players operating in the Bioinspired Adhesives Market include:

1. ADHESIVES RESEARCH, INC.

2. ARKEMA

3. ASHLAND GLOBAL HOLDINGS INC.

4. BEARDOW ADAMS

5. CAMURUS 

6. DUPONT DE NEMOURS, INC.

7. HENKEL AG

8. JOWAT SE

9. PARAMELT BV

10. U.S. ADHESIVES

NOTABLE HAPPENING IN THE BIOINSPIRED ADHESIVES MARKET

• EXPANSION - Henkel AG & Co. KGaA opened a brand-new, cutting-edge manufacturing plant in Kurkumbh, Pune, India, on February 4, 2020. The manufacturing complex is spread out over a 100,000 square meter area, with a 51,000 square meter built-up area. The change has improved the business's ability to service clients in a variety of industries, such as flexible packaging, automobiles, agricultural & construction equipment, and metals.

• EXPANSION- In the east of Hanoi, Vietnam, Henkel established its brand-new "Henkel Adhesives Technical Center" in December 2019. The high-tech center will enable close and exciting cooperation with prominent clients and speed the development of high-impact solutions for a broad variety of applications for local markets due to its proximity to leading consumer electronics and semiconductor firms.

• ACQUISITION- Arkema announced in May 2019 that it will buy Nitta-Gelatin Inc.'s industrial adhesives division. Bostik-Nitta JV, in which Bostik has the controlling interest, will carry out the transaction. The acquisition aided Bostik in boosting its market share for adhesives in Japan. On August 1st, 2018, the transaction was finalized.

• EXPANSION- To provide cutting-edge solutions and create specialized applications, technologies, and production processes to better serve its clients, Henkel AG inaugurated a new OEM application center in Connecticut in April 2019.