Biobased Adhesives and Sealants Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

Report Code: CMR 33744 Report Format: PDF + Excel

Biobased Adhesives and Sealants Market Overview

The Biobased Adhesives and Sealants Market size is estimated to reach US$17.2 billion by 2030 after growing at a CAGR of 8.9% from 2024 to 2030. Biobased Adhesives and Sealants are natural polymeric substances that act as adhesives performing similarly to synthetic alternatives and are also environment friendly. Biobased Adhesives and Sealants are majorly used for biomedical applications which involve skin or other body tissue due its biomedical property. For instance, Collagen-based Biobased Adhesives and Sealants are used for a variety of medical uses such as wound enclosure, by absorbing blood and coagulation products on its fibers, trapping them and thus effectively adhering to the wound. Petroleum-based synthetic adhesives emit volatile organic compounds (VOCs), which are harmful to the environment as well as to human beings. Biobased Adhesives and Sealants are thus preferred as they are produced from bio-based materials which emit low VOCs, this acts as a major driver for the market. Biobased Adhesives and Sealants are used extensively in the healthcare industry for applications such as wound healing, as they are made of biological monomers and thus are safer to use. Asia-Pacific region is witnessing a fast growth in the Biobased Adhesives and Sealants market due to increasing demand. For instance, chitosan-based Biobased Adhesives and Sealants are in high demand due to its applications in biomedical, wood adhesives, adhesives for metallic surfaces and others, which will increase the growth of Biobased Adhesives and Sealants industry in Asia-Pacific region in the forecast period. One of the key factors driving the chitosan demand in the Asia-Pacific region is the easy availability of its raw material, obtained as a waste product from the fishery industry.

A notable trend towards Biobased Adhesives and Sealants made from renewable resources including plants, algae, and marine life is the growing awareness of environmental sustainability. Consumer demand for environmentally friendly products and laws encouraging the use of sustainable materials are the main drivers of this movement. Biobased Adhesives and Sealants are appealing for a range of applications, such as packaging, building, and healthcare because they are less carbon-intensive and biodegradable than their synthetic counterparts. Improved bioadhesive manufacturing techniques and the discovery of new biomaterials are the results of ongoing biotechnology research and development. Bioengineered polymers and genetically modified proteins are two innovations that are improving the efficiency, adaptability, and affordability of bioadhesive formulations. These developments are pushing the use of Biobased Adhesives and Sealants in a variety of industries by making it possible to create materials with qualities that are specifically suited to fulfill application needs.

COVID-19 Impact

The COVID-19 impacted the Biobased Adhesives and Sealants market, as the outbreak of COVID-19 created an imbalance on the global economy. With the lockdown of international borders and the shutdown of economic activities across countries, there was a huge recession globally. The packaging industry had a mixed impact in the pandemic as the demand for a certain types of packaging like industrial packaging was declining where packaging for e-commerce shipments, healthcare products and others were in demand. Plant-based Biobased Adhesives and Sealants such as starch-based Biobased Adhesives and Sealants are used majorly in the packaging industry as they offer excellent properties such as viscosity, possess quicker tack, and are economical compared to others. The construction industry got impacted negatively due to covid due to lockdown and infection spreading concerns. Biobased Adhesives and Sealants find applications in the construction industries as pipes, cladding panels and others. Thus, Biobased Adhesives and Sealants industry was negatively impacted due to a recession in the construction and infrastructure industry. Whereas, the demand for Biobased Adhesives and Sealants in the medical industry has faced significant high growth, as there is a high demand in medical applications such as dentistry, tissue sealing, drug delivery systems and others. Biobased Adhesives and Sealants are used extensively in the healthcare sector due to their environment-friendly and low-toxic nature.

Biobased Adhesives and Sealants Market Report Coverage

The report: “Biobased Adhesives and Sealants Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Biobased Adhesives and Sealants Industry.

                                           

By Type: Plant-based Biobased Adhesives and Sealants and Animal-based Biobased Adhesives and Sealants
By Raw Material: Polymers (Cellulose, Starch Esters, Polyamide, Lignin, and Others), Tackifiers (Pine Rosin, Terpene, and Citrus), and Waxes (Soy, Castor, and Fatty Acids)
By Application: Boxes & Cartons (Corrugated, Rigid and Folding), Foil aminates, Labels & Envelopes, Cigarettes & Filters, Cosmetics, Wood-Works, Flooring and others
By End-Use Industry: Automotive (Passenger Cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV)), Aerospace (Commercial, Military, and Others), Building & Construction (Residential, Commercial, Infrastructural, and Industrial), Packaging (Cups, Flexible Packaging, Dry Food Packaging, Boxes & Bags, and Others), Electrical & Electronics (Circuit Boards, Computers, Surface-mount Components (SMCs), Smart Phones, Encapsulation & Potting, and Others), Energy (Fuel Cells, Geothermal Energy, Hydropower Devices, Wind Turbines, Solar Panels, and Others), Healthcare (Orthopedics, Drug Delivery, Wound Dressing, Medical Devices, Dentistry, and Others), Personal Care (Cosmetics, Toiletries, and Others), and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

• Plant-based Biobased Adhesives and Sealants drives the market as the majorly used in applications like, laminating, paper-products, plywood and others as they are more viscous and economical.
• Europe will be dominating Biobased Adhesives and Sealants market owing to the increase in production due to the increase in construction sector.
• The major opportunity for Biobased Adhesives and Sealants industry is in the medical and healthcare industry as Biobased Adhesives and Sealants have properties like, biodegradable, biocompatible and not toxic to human body.
 
                                       
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Biobased Adhesives and Sealants Market Segment Analysis – By Type

The plant-based adhesives segment accounted for more than 58% of the global market share in 2023 and is expected to grow at a CAGR of nearly 8.3% in the forecast period. Plant-based Biobased Adhesives and Sealants are derived from various sources such as starch, soyabean, lignin, rubber and others. Though the use of synthetic materials is prominent in biomedical applications, they pose a non-biocompatible threat. Plant-based adhesives are cheaper and are a reliant replacement to synthetic adhesives. Plant-based bioactive component offers mucilage and gums, which can be used as excipients in the formulation of drug delivery system as well as a wound dressing. Some of the other applications of Plant-based Biobased Adhesives and Sealants include paper products, wallpaper paste, laminating, tube winding and others. Due to its high demand from almost every sector, there is an increasing demand in Biobased Adhesives and Sealants industry. Starch-based Biobased Adhesives and Sealants are more efficient than other plant-based Biobased Adhesives and Sealants due to their of properties like; more viscous than other Biobased Adhesives and Sealants. Starch-based Biobased Adhesives and Sealants are derived from roots, seed, and stalks of staple crops, such as corn, rice and others. Starch-based adhesives majorly find use in wood and furniture applications. For instance, Scion, a Biobased Adhesives and Sealants manufacturer, produces Biobased Adhesives and Sealants and resins which are petrochemical free, and are purely made of natural resources including forestry and agriculture waste, and thus have very low formaldehyde emissions which makes them more environment friendly.

Biobased Adhesives and Sealants Market Segment Analysis – By Application

By application, corrugated boxes segment is expected to grow at a CAGR of over 7.9% in the forecast period. The corrugated boxes are preferred to be manufactured by plant-based Biobased Adhesives and Sealants due to their properties like quick tack, strong bond, and others. Starch Biobased Adhesives and Sealants are extensively used in corrugated boxes as they are more viscous than other Biobased Adhesives and Sealants and have better fluid properties. Thus the increase in the growth of corrugated boxes will drive the Biobased Adhesives and Sealants market. For instance, LD Davis manufactures various types of eco-friendly glues and starch glues which are considered eco-adhesives. LD Davis manufactures corrugated fiberboard and the Biobased Adhesives and Sealants used are starch Biobased Adhesives and Sealants. Owing to these factors the market is expected to grow during the assessment period.

Biobased Adhesives and Sealants Market Segment Analysis – By End-Use Industry

Healthcare segment will hold the largest share in the Biobased Adhesives and Sealants market and is expected to register a CAGR of nearly 9.9% in the forecast period. In the rush of the pandemic, market players are rapidly developing artificial intelligence and data analytics in healthcare, paving the way for the future of the technologies. Researchers have leveraged these tools to do everything from tracking hospital capacity to identifying high-risk patients. Biobased Adhesives and Sealants such as tissue adhesives, hemostatic agents, and tissue sealants have gained increasing popularity in different healthcare operations. Biobased Adhesives and Sealants have their applications in external and internal usage. For external applications, they are used in wound healing wounds, epidermal grafting, and others. For internal applications, they are used in chronic organ leak repair, excessive bleeding reduction and others. Biobased Adhesives and Sealants are majorly used in drug-delivery systems. The drug and delivery systems market is growing at a rate of around 5% in the forecast period. Gelatin-based Biobased Adhesives and Sealants which is made of Gelatin, a collagen derivative, can be adjusted to maximize drug-loading efficiency and thus, has been extensively used as a drug delivery carrier for many classes of drugs. For instance, Henkel, a major player of Biobased Adhesives and Sealants market, have PROLOC Biobased Adhesives and Sealants technology which provides a superior means to deliver therapeutic agents across mucosal membranes. PROLOC Biobased Adhesives and Sealants provide higher capacity for drug loading, while remaining gentle to the mucosa.

Biobased Adhesives and Sealants Market Segment Analysis – By Geography

Europe held the largest share in the global Biobased Adhesives and Sealants market due to the rise in the construction industry. According to Eurostat 2023, EU construction production increased by 1.3%. Biobased Adhesives and Sealants are extensively used in different construction applications. For instance, animal-based and a variety of plant-based Biobased Adhesives and Sealants, majorly soybean Biobased Adhesives and Sealants are used extensively in wood-based applications like plywood, wood flooring and others. Additionally the plant-based polyurethane Biobased Adhesives and Sealants were are also found to give superior bonding properties to commercially available Biobased Adhesives and Sealants used for wood joints as they make strong joints. The Europe polyurethane market is expected to grow in the forecast period and its demand is driven due to increased application in construction and automotive industry. Germany is the major consumer of bio-based adhesives in the European region as it is a major producer of natural rubber- and starch-based adhesives in the global scenario. Additionally, production of bio-succinic acid in Germany has supported the production of Biobased Adhesives and Sealants. Biosuccinium-based Biobased Adhesives and Sealants are used for architectural coatings. The sharp rise in the construction activities, will also drive a demand in other industries such as plastic, painting and coasting industry and others, in Europe which will further drive the Biobased Adhesives and Sealants market. The Asia Pacific is the fastest-growing Biobased Adhesives and Sealants market. The rapid development of economy in the developing countries, increase in healthcare industry, and the technological advancements will drive the market of this region over the forecast period.

Biobased Adhesives and Sealants Market Drivers

Increasing demand for environmentally-friendly products

There is an increase in research and development of safe adhesives such as Biobased Adhesives and Sealants which are made up of natural polymeric material like proteins and carbohydrates, and as a result, they are biocompatible in nature. Whereas, the manufacturing processes of petroleum-based synthetic adhesives involve grinding and machining and are responsible for producing hazardous emissions. There is an increase in government regulations to use bio-based products. For instance, agencies, like the US Environmental Protection Agency (EPA) and the Food and Drug Administration (FDA), give preference to the use of bio-based contents in adhesives, thus driving the Biobased Adhesives and Sealants market globally. 

Growing demand of drug-delivery systems

There is an increase in demand from the healthcare sector for Biobased Adhesives and Sealants in biomedical application due to stringent environmental rules towards adverse effects of synthetic materials, thus, driving the global Biobased Adhesives and Sealants market growth. The major growth is seen in the drug and delivery system. The rise in the drug and delivery systems is due to increase in prevalence of multiple chronic diseases. The use of Biobased Adhesives and Sealants restricts the delivery system directly to the desired location and thus is an efficient technique as this increase the duration of the drug as well.

Biobased Adhesives and Sealants Market Challenges

Large Investments in R&D

The manufacturing of Biobased Adhesives and Sealants requires innovative technologies and advanced formulation. The R&D expenses which is involved in the development of these Biobased Adhesives and Sealants are comparatively higher than synthetic adhesive formulations. Additionally, only the major players can make large investments in new product innovations. Thus, the huge challenge for the smaller players in the Biobased Adhesives and Sealants industry compete the products from the leading companies in the global market which are providing latest quality Biobased Adhesives and Sealants through innovating technologies. 

Biobased Adhesives and Sealants Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies which are adopted by the dominant players in this market. Biobased Adhesives and Sealants top 10 companies include:
  1. Henkel AG 
  2. Cryolife Inc 
  3. DuPont de Nemours, Inc. 
  4. Beardow Adams Group
  5. Jowat SE
  6. Ingredion Incorporated
  7. Artivion, Inc
  8. Sigma-Aldrich
  9. EcoSynthetix Inc
  10. 3M Company

Acquisitions/Technology Launches

• In May 2023, Fraunhofer WKI introduced a formaldehyde-free bioadhesive for the manufacturing of wood-based goods at LIGNA.
• In January 2023, The first biocompatible product approved for use in the India, Middle East, and Africa region, Swift®melt 1515-I, was launched by H.B. Fuller, one of the top providers of adhesives in the world. With its stick-to-skin application, the product is intended for usage in microporous medical tape environments that are specific to the Indian subcontinent, such as its high humidity and warmth.

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1. Biobased Adhesives and Sealants Market- Market Overview
    1.1 Definitions and Scope
2. Biobased Adhesives and Sealants Market - Executive Summary
    2.1 Key Trends By Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Biobased Adhesives and Sealants Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Biobased Adhesives and Sealants Market - Startup companies Scenario Premium
    4.1 Investment
    4.2 Revenue
    4.3 Product portfolio
    4.4 Venture Capital and Funding Scenario
5. Biobased Adhesives and Sealants Market – Industry Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Biobased Adhesives and Sealants Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Biobased Adhesives and Sealants Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.1 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Biobased Adhesives and Sealants Market – By Type (Market Size -$Million/Billion)
    8.1 Plant-based Biobased Adhesives and Sealants
    8.2 Animal-based Biobased Adhesives and Sealants
9. Biobased Adhesives and Sealants Market – By Application (Market Size -$Million/Billion)
    9.1 Boxes & Cartons
        9.1.1 Corrugated
        9.1.2 Rigid
        9.1.3 Folding
    9.2 Foil Laminates
    9.3 Labels & Envelopes
    9.4 Cigarettes & Filters
    9.5 Cosmetics
    9.6 Wood-Works
    9.7 Flooring
    9.8 Others
10. Biobased Adhesives and Sealants Market – By End Use Industry (Market Size -$Million/Billion)
    10.1 Automotive
        10.1.1. Passenger Cars
        10.1.2. Light Commercial Vehicles (LCV)
        10.1.3. Heavy Commercial Vehicles (HCV))
    10.2. Aerospace
        10.2.1. Commercial
        10.2.2. Military
        10.2.3. Others
    10.3. Building & Construction
        10.3.1. Residential
        10.3.2. Commercial
        10.3.3. Infrastructural
        10.3.4. Industrial
    10.4. Packaging
        10.4.1. Cups
        10.4.2. Flexible Packaging
        10.4.3. Dry Food Packaging
        10.4.4. Boxes & Bags
        10.4.5. Others
    10.5. Electrical & Electronics
        10.5.1. Circuit Boards
        10.5.2. Computers
        10.5.3. Surface-mount Components (SMCs)
        10.5.4. Smart Phones
        10.5.5. Encapsulation & Potting
        10.5.6. Others
    10.6. Energy
        10.6.1. Fuel Cells
        10.6.2. Geothermal Energy
        10.6.3. Hydropower Devices
        10.6.4. Wind Turbines
        10.6.5. Solar Panels
        10.6.6. Others
    10.7. Healthcare
        10.7.1. Orthopedics
        10.7.2. Drug Delivery
        10.7.3. Wound Dressing
        10.7.4. Medical Devices
        10.7.5. Dentistry
        10.7.6. Others
    10.8. Personal Care
        10.8.1. Cosmetics
        10.8.2. Toiletries
        10.8.3. Others
    10.9. Others
11. Biobased Adhesives and Sealants Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 UK
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia and New Zeeland
        11.4.6 Indonesia
        11.4.7 Taiwan
        11.4.8 Malaysia
        11.4.9 Rest of APAC
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Biobased Adhesives and Sealants Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Biobased Adhesives and Sealants Market – Industry / Segment Competition landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product Category - Major companies
14. Biobased Adhesives and Sealants Market – Key Company List by Country Premium
15. Biobased Adhesives and Sealants Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Henkel AG
    15.2 Cryolife Inc
    15.3 DuPont de Nemours, Inc.
    15.4 Beardow Adams Group
    15.5 Jowat SE
    15.6 Ingredion Incorporated
    15.7 Artivion, Inc
    15.8 Sigma Aldrich
    15.9 EcoSynthetix Inc.
    15.10 3M Company
"*Financials would be provided on a best efforts basis for private companies"