Wednesday, 9 March 2016

Bioadhesives Market - Global Industry Analysis, Forecast 2015 – 2023 : Transparency Market Research

Bioadhesives are polymers derived from natural substances or living organisms that can adhere to a substrate, especially biological ones. These substances are capable of retaining a hold on the substrate for longer period of time. Bioadhesives may consist of carbohydrates such as starch or proteins such as gelatin. Many living organisms secrete these natural polymers for predation, defense, attachment to substrates, and construction. Bioadhesives are likely to provide excellent adhesion solutions in biomedical applications compared to their synthetic counterparts. The market for bioadhesives can be classified as animal based and plant based. Plant sources such as corn starch, cereal starch, sugars, and proteins are used to produce bioadhesives.

Bioadhesives can also be broadly classified as biological adhesives, biocompatible adhesives, bioinspired adhesives, and biomimetic adhesives. These classes include marine organisms, insects, and plants. These products are mainly used in biomedical applications, furniture & wood, paper & pulp, packaging, and personal care, and can be commercially synthesized through processes such as direct chemical synthesis, fermentation, and farming of organisms that secrete these materials.

The market for bioadhesives is mainly driven by increasing demand from biomedical applications along with support for bio-based products. Stringent regulations related to synthetic adhesives are expected to drive the market demand for bioadhesives. Due to their biocompatibility they are also used in personal care products. In biomedical applications, bioadhesives are used in drug delivery, surgery, and cell culture. Bioadhesives enable the drug to be delivered through the insides of mucus membranes and nasal passages. In medical contexts, bioadhesives are also used for knee cartilage repair and replacement. The use of bioadhesives in the furniture & wood industry is expected to provide huge environmental advantages. Reduction in the usage of petrochemical solvents, low resin costs, less emission, and their use of renewable resources are a few of the advantages offered by bioadhesives. Furthermore, volatile crude oil prices are forcing manufacturers to provide bio-based alternatives to synthetic adhesives. Bioadhesives also offer more promising environmental footprints. Nevertheless, in spite of promising applications in medical, personal care, and furniture products, higher manufacturing costs are expected to hinder the growth of the bioadhesives market over the coming years.

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Europe and North America have dominated the market demand for bioadhesives in the past couple of years. Countries in Western Europe such as France, Italy, Germany, and the U.K. dominated the demand for bioadhesives in 2014. The demand for bioadhesives in this region is expected to grow owing to the rise in demand from biomedical applications. Central and Eastern Europe are expected to increase their demand for bioadhesives over the forecast period. The U.S. witnessed the highest demand for bioadhesives in North America owing to the prevalence of biomedical and furniture applications. Asia Pacific is projected to be fastest-growing region for bioadhesives in the coming years. Japan and China dominated the demand for bioadhesives in Asia Pacific; however, with increasing awareness among other countries such as India, Indonesia, Malaysia, and South Korea the demand for bioadhesives is expected to increase in the coming years. Brazil is expected to provide huge opportunities for bioadhesives market in Latin America. Middle East and Africa are likely to display latent growth for bioadhesives market in the near future.

Some of the key manufacturers in the bioadhesives market are Henkel Corporation, 3M Company, The Dow Chemical Company, and Bioadhesive Alliance Inc.

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