Bio-Based Adhesive & Sealant Market Size, Share & Industry Analysis, By Type (Rosin, Starch, Lignin, Soy, Others), By End-Use Industry (Building & Construction, Packaging, Healthcare, Personal Care, Others) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The bio-based adhesives & sealants are the eco-friendly products derived from biomass, which are mainly produced by the silvicultural and agricultural processes. The raw material used in the bio-based adhesives & sealants are rosin, starch, lignin, and soy. These materials are climate-neutral and does impact the environment. Additionally, the bio-based adhesives & sealants possess desirable mechanical and chemical properties. It is easy to use, biodegradable, and maintains shelf life of the products. These properties surge the demand for bio-based adhesives & sealants in various applications such as building & construction, packaging, healthcare, and personal care industries.
The rapidly growing packaging industry will lead to increasing the demand for bio-based adhesive & sealant. The rising need for lightweight and innovative packaging products has surged the adoption of bio-based adhesive & sealant. In packaging products, the bio-based adhesive & sealant are mainly used in carton side seams, corrugated boards, flexible packaging, PET container packaging, and film-foil laminates. The stringent environmental regulations on petrochemical adhesives coupled with advancements in biotechnology will also aid to fuel the product demand. Hence, these factors are anticipated to flourish the market growth during the forecast period.
However, the lack of availability of bio-based adhesives & sealants leads to reduce the adoption of the products and raise the demand for chemical-based adhesives & sealants. Hence, this is anticipated to restrict the market growth.
Key Market Driver -
Rising use of bio-based adhesive & sealant in packaging industry to drive the market growth
Key Market Restraint -
Lack of availability bio-based adhesive & sealant to restrict the market growth
Market Segmentation:
Based on type the bio-based adhesive & sealant market is segmented into rosin, starch, lignin, soy, and others. Based on end-use industry, the market is segmented into building & construction, packaging, healthcare, personal care, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the bio-based adhesive & sealant market includes Adhesiveplatform, Weiss Chemie, Technik GmbH & Co. KG, Acme-Hardesty Company, Croda International Plc, Foreverest Resources Ltd, 3M, SpecialChem, Evonik, and Will & Co.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Europe to witness the highest growth in the bio-based adhesive & sealant market during the forecast period. The growth is attributed to the rising product demand in the packaging industry, in which UK and Germany are the leading countries. The rising product demand in the building & construction will fuel the market growth in North America. Further, the stringent environmental regulations on petrochemical adhesives will also aid to surge demand for bio-based adhesive & sealant in this region. In Asia Pacific, the growth is due to the rapidly growing personal care industry, which further surges the demand for bio-based adhesive & selants. The Middle East & Africa is anticipated to witness significant growth, owing to the rising adoption of the product in the healthcare industry.
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Segmentation
ATTRIBUTE | DETAILS |
By Type |
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By End-Use Industry |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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