Published on : Mar 04, 2020
The global bio-adhesives market promises robust growth in the near future as growing concerns about toxicity in chemicals, and demand for natural products rises among consumers. The growing diversity in products for a wide-variety of industry uses is also a key driver of the growth as the large variety promises to keep up with several industry requirements, and open new avenues for growth. The demand for bio-adhesives is especially high in paper, packaging, and construction industry. The market is expected to witness a double-digit growth in the near future. The new labelling of products into environment-friendly, green renewables, and bio-based adhesives will also open new opportunities for a wide range of attractive packaging, and woodworking applications.
Researchmoz has released a report titled “Global Bio-Adhesives Market Professional Survey Report 2019.” The report offers the growth scenarios present globally as well as revenues of the overall market. The Global bio-adhesives market report thoroughly discusses robust growth prospects and prominent strategies implicated by several key players operating in the global market, which are likely to benefit the market growth and grab leading position in terms of revenue in the market. The report is available on the website ResearchMoz.us as well.
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Plant Based Adhesives to Promise Largest Growth
The plant-based adhesives are known for their durability, as well as ideal for current consumer preferences like veganism. The adhesives promise new opportunities due to their low level of toxicity, ease of manufacturing, and relative cost-effective measures. Moreover, these are also rising in demand in packaging due to abundance of raw materials, and cost-effective advantage similar to synthetic adhesives. The plant-based adhesives are likely to emerge as the dominant figure in the bio-adhesives market during 2018-2026 periods.
Healthcare Sector Emerges as the Most Dominant as End-Industry
The rising demand for healthcare products, and increased investment in product launches, and innovation by pharmaceutical companies are expected to drive tremendous growth in the healthcare sector. The sector is likely to emerge as the largest end-sector for bio-adhesives as demand for natural products continues to rise. Moreover, the bio-adhesives will also witness major demand in the construction industry, wherein countries like India, China, and the US continue to expand infrastructure to make way for promising opportunities. The Indian finance minister has announced in 2019, that the country will invest over $US 1.4 trillion in infrastructural development over the next 5 years. This move will likely spur robust growth of highways, ports, bridges, and other public infrastructural activities.
Some key players in the global bio-adhesives market are Major players operating in the global bioadhesive market include EcoSynthetix, Arkema S.A., Tate & Lyle PLC, DaniMer Scientific LLC Henkel AG, L.D. Davis Industries, Inc., and Ingredion Incorporated, DuPont de Nemours, Inc., , and Ashland Global Holdings Inc.
Growing emphasis on innovation driven by regulatory bodies like the EPA, and increasingly stringent regulatory environment will drive robust growth for bio-adhesives market. the increasing focus on the use of renewable, and environment-friendly substances will drive major growth for the bio-adhesives market as key players invest in innovations, and collaborations to drive growth.