Bio Based Adhesives Market Overview
As per MRFR analysis, the Bio Based Adhesives Market Size was estimated at 9.79 (USD Billion) in 2022. The Bio Based Adhesives Market Industry is expected to grow from 10.43(USD Billion) in 2023 to 18.5 (USD Billion) by 2032. The Bio Based Adhesives Market CAGR (growth rate) is expected to be around 6.57% during the forecast period (2024 - 2032).
Key Bio Based Adhesives Market Trends Highlighted
Bio-based adhesives, derived from renewable resources, have gained significant traction in the market due to increasing environmental concerns. One of the key drivers behind their adoption is the rising demand for sustainable and eco-friendly products. Government regulations and incentives aimed at reducing carbon emissions and promoting circular economy practices have also contributed to the growth of this market.
Opportunities for exploration in the bio-based adhesives market include advancements in biodegradable formulations, improved performance characteristics, and the development of adhesives for specific applications. The increasing use of bio-based adhesives in industries such as packaging, automotive, and construction presents significant growth prospects.
Recent trends in the bio-based adhesives market revolve around innovation in raw material sourcing, such as the utilization of plant-based materials like starch, cellulose, and natural resins. Adhesives with improved bonding strength, moisture resistance, and durability are being developed to meet the evolving needs of various industries. Additionally, the adoption of bio-based adhesives in emerging applications, such as medical devices and electronics, is driving market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bio Based Adhesives Market Drivers
Growing Demand for Environmentally Sustainable Products
The increasing demand for environmentally friendly products is a major driver of the global bio based adhesives market. Consumers are becoming more aware of the negative environmental impacts of traditional adhesives, and are demanding more sustainable alternatives. Bio based adhesives are made from renewable resources, such as plants and animals, and are biodegradable, making them more environmentally friendly than traditional adhesives. The growing demand for environmentally sustainable products is expected to continue to drive the growth of the global bio based adhesives market in the coming years.
Increasing Use of Bio Based Adhesives in Packaging Applications
The increasing use of bio based adhesives in packaging applications is another major driver of the global bio based adhesives market. Bio based adhesives are used in a variety of packaging applications, including food packaging, beverage packaging, and personal care packaging. Bio based adhesives are ideal for packaging applications because they are strong, durable, and can be used to bond a variety of materials. The increasing use of bio based adhesives in packaging applications is expected to continue to drive the growth of the global bio based adhesives market in the coming years.
Government Regulations and Initiatives Promoting Bio Based Adhesives
Government regulations and initiatives promoting bio based adhesives are also driving the growth of the global bio based adhesives market. In many countries, governments are enacting regulations that require the use of bio based adhesives in certain applications. Additionally, governments are providing incentives to businesses that use bio based adhesives. These government regulations and initiatives are expected to continue to drive the growth of the global bio based adhesives market in the coming years.
Bio Based Adhesives Market Segment Insights
Bio Based Adhesives Market Application Insights
The Global Bio Based Adhesives Market is divided into Automotive, Packaging, Construction, Aerospace, and Healthcare applications. The various applications of bio-based adhesives are as follows: Automotive: Bio-based adhesives promote lightweight and durable bonding of automotive components, reducing the vehicle’s weight, and enhancing fuel efficiency. The rising adoption of electric vehicles and the increasing demand for lightweight materials are the primary factors in this segment’s growth. According to the statistics of The Global Bio Based Adhesives Market size, the Automotive segment is projected to reach USD 2.4 billion by 2024, registering a CAGR of 7.2%. Packaging: The rising demand for eco-friendly and sustainable packaging solutions is a major factor responsible for the growth of bio-based adhesives in this segment. Bio-based adhesives are widely used in food packaging, beverage packaging, and pharmaceutical packaging.
According to the The Global Bio Based Adhesives Market forecast data, the Packaging segment is expected to reach USD 2.9 billion by 2024, with a CAGR of 6.8%. Construction: Bio-based adhesives are used in construction applications, such as wood bonding, flooring, and insulation.They offer excellent bonding strength, durability, and resistance to moisture and chemicals. The increasing demand for green buildings is expected to drive this segment’s growth. According to the statistics of The Global Bio Based Adhesives Market share, the Construction segment is estimated to reach USD 3.2 billion by 2024, with a CAGR of 7.5%. Aerospace: The rising popularity of lightweight materials is a key factor in driving the growth of bio-based adhesives in this segment. They are widely used in aerospace applications, such as wings, fuselage, and interiors.
The adoption of lightweight and fuel-efficient aircraft is expected to accelerate market demand in the Aerospace segment. According to The Global Bio Based Adhesives Market research analysis, the Aerospace segment is set to reach USD 1.6 billion by 2024, with a CAGR of 8.1%. Healthcare: Bio-based adhesives are used in wound care, medical devices, and tissue engineering applications. The increasing demand for minimally invasive surgeries and the surging emphasis on patient safety are major growth drivers in this segment. According to The Global Bio Based Adhesives Market share data in the Healthcare segment, the growth is expected to reach USD 1.9 billion by 2024, with a CAGR of 7.9%.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bio Based Adhesives Market Source Insights
The source segment of the global bio based adhesives market is categorized into plants, animals, and marine organisms. Plants are the leading source of bio based adhesives, accounting for over 60% of the market share. Starch, cellulose, and lignin are the most commonly used plant-based adhesives. Animal-based adhesives, such as gelatin and casein, account for a smaller share of the market, but are used in specific applications such as food packaging and wood adhesives. Marine organisms, such as algae and shellfish, are also used to produce bio based adhesives, but their market share is relatively small.
The growing demand for sustainable and environmentally friendly adhesives is driving the growth of the bio based adhesives market. Bio based adhesives offer several advantages over traditional synthetic adhesives, including lower environmental impact, reduced toxicity, and improved biodegradability. As a result, bio based adhesives are increasingly being used in a wide range of applications, including packaging, construction, and automotive.
Bio Based Adhesives Market Chemistry Insights
The chemistry segment of the global bio based adhesives market is anticipated to grow significantly over the forecast period. The growth of the chemistry segment can be attributed to the increasing demand for bio based adhesives from various end-use industries such as packaging, construction, and automotive. Polyurethanes, epoxies, acrylics, and starch-based adhesives are the major types of bio based adhesives available in the market. Among these, polyurethanes are expected to hold the largest market share during the forecast period. This is due to their excellent adhesion properties, durability, and resistance to moisture and chemicals.
Epoxies are another important type of bio based adhesive that is expected to witness high growth over the forecast period. Epoxies are known for their high strength, toughness, and resistance to heat and solvents. Acrylics are also gaining popularity as bio based adhesives due to their versatility and ease of application. Starch-based adhesives are another type of bio based adhesive that is expected to experience growth over the forecast period. Starch-based adhesives are biodegradable and environmentally friendly, making them a preferred choice for various applications.
The increasing demand for sustainable and eco-friendly products is driving the growth of the bio based adhesives market. Bio based adhesives offer several advantages over traditional adhesives, such as reduced environmental impact, improved performance, and lower cost. As a result, bio based adhesives are becoming increasingly popular in a wide range of applications.
Bio Based Adhesives Market End-Use Industry Insights
The end-use industry segment plays a crucial role in shaping the Global Bio Based Adhesives Market. In 2023, the market was valued at approximately USD 10.43 billion, and it is projected to witness steady growth, reaching around USD 18.5 billion by 2032. This growth can be attributed to the increasing demand for eco-friendly adhesives in various industries. Among the end-use industries, the furniture and fixtures segment emerged as the dominant contributor to the Bio Based Adhesives Market revenue. The rising demand for sustainable furniture, particularly in the residential sector, has propelled the adoption of bio based adhesives, owing to their reduced environmental impact and superior bonding capabilities.T
he electronic appliances industry is another significant end-use sector for bio based adhesives. With the proliferation of electronic devices, the need for durable and reliable adhesives has increased. Bio based adhesives offer advantages such as improved adhesion to diverse materials and resistance to harsh conditions, making them suitable for bonding components in electronic devices. Furthermore, the paper and packaging industry holds considerable potential for bio based adhesives. The growing emphasis on reducing plastic waste and promoting sustainable packaging has driven demand for eco-friendly alternatives. Bio based adhesives meet this need, offering biodegradable and compostable properties while ensuring the integrity of packaging materials. The automotive components industry also utilizes bio based adhesives due to their lightweight and strong properties. These adhesives are used in bonding interior components, such as dashboards and door panels, as they meet the stringent safety and durability requirements of the automotive industry.
Bio Based Adhesives Market Product Type Insights
The Global Bio Based Adhesives Market is segmented by product type into water-based adhesives, solvent-based adhesives, hot-melt adhesives, and UV-curable adhesives. In 2023, the water-based adhesives segment held the largest market share of 37.5%, and is projected to continue to dominate the market through 2032. The solvent-based adhesives segment is expected to experience moderate growth over the forecast period, while the hot-melt adhesives and UV-curable adhesives segments are anticipated to witness significant growth due to their increasing adoption in various end-use industries.
The Global Bio Based Adhesives Market is expected to reach a value of 14.9 Billion USD in 2024, and is projected to reach 18.5 Billion USD by 2032, exhibiting a CAGR of 6.57% during the forecast period.
Bio Based Adhesives Market Regional Insights
The Global Bio Based Adhesives Market is expected to grow significantly in the coming years. The regional segmentation includes North America, Europe, APAC, South America, and MEA. North America is the largest market for bio based adhesives, followed by Europe and APAC. The growth in North America is attributed to the increasing demand for bio based products from various industries such as packaging, construction, and automotive. Europe is also a significant market for bio based adhesives, with the demand driven by the growing environmental awareness and regulations.APAC is the fastest growing region for bio based adhesives, with the demand driven by the increasing population and urbanization. South America and MEA are also expected to witness significant growth in the coming years. The market growth is attributed to the increasing demand for sustainable and eco friendly products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Bio Based Adhesives Market Key Players And Competitive Insights
Major players in the Bio Based Adhesives Market industry are constantly vying for market share through strategic initiatives such as product development, acquisitions, and partnerships. Leading Bio Based Adhesives Market players such as Henkel, Arkema, and Ashland are focusing on expanding their product portfolios to cater to the diverse needs of end-use industries. Acquisitions and collaborations are also part of the Bio Based Adhesives Market development strategy, allowing companies to strengthen their market position and gain access to new technologies. The competitive landscape of the Bio Based Adhesives Market is characterized by partnerships and collaborations between stakeholders to drive innovation and address industry challenges.
Henkel, a chemical and consumer goods company, is a prominent player in the Bio Based Adhesives Market. The company has a well-established product line and a strong focus on sustainability, which aligns with the growing demand for eco-friendly adhesives. Henkel offers a range of bio-based adhesives for various applications, including packaging, construction, and automotive. The company has also made strategic acquisitions to strengthen its position in the industry, such as the acquisition of the adhesives division of Loctite Corporation in 2016.
Bostik, a leading provider of adhesive solutions, is another key player in the Bio Based Adhesives Market. The company has a diverse product portfolio, which includes both traditional and bio-based adhesives. Bostik focuses on providing customized solutions to meet the specific needs of its customers in various industries. The company has a strong presence in Europe, North America, and Asia-Pacific regions and is actively expanding its global footprint. Bostik's commitment to innovation and sustainability has contributed to its position as a respected player in the Bio Based Adhesives Market.
Key Companies in the Bio Based Adhesives Market Include
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Ashland
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Dow
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BASF
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Arkema
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Croda International
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Lanxess
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Evonik Industries
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Sika
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Solvay
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Henkel
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MAPEI
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Huntsman Corporation
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Clariant
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Sumitomo Chemical
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The 3M Company
Bio Based Adhesives Market Industry Developments
The global bio-based adhesives market is projected to grow from USD 10.43 billion in 2023 to USD 18.5 billion by 2032, at a CAGR of 6.57% during the forecast period. The market growth is attributed to the increasing demand for sustainable and environmentally friendly products, stringent government regulations on the use of synthetic adhesives, and rising awareness about the harmful effects of traditional adhesives.
Recent news developments in the market include the launch of new bio-based adhesive products by major manufacturers, such as Henkel's launch of a new range of bio-based pressure-sensitive adhesives in 2023. Additionally, there have been several strategic partnerships and collaborations between industry players to expand their product offerings and geographical reach. For instance, in 2022, Arkema and Bostik announced a partnership to develop and commercialize a new line of bio-based adhesives for the packaging industry.
Bio Based Adhesives Market Segmentation Insights
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Bio Based Adhesives Market Application Outlook
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Automotive
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Packaging
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Construction
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Aerospace
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Healthcare
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Bio Based Adhesives Market Source Outlook
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Plants
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Animals
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Marine Organisms
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Bio Based Adhesives Market Chemistry Outlook
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Polyurethanes
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Epoxies
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Acrylics
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Starch-Based Adhesives
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Bio Based Adhesives Market End-Use Industry Outlook
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Furniture and Fixtures
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Electronic Appliances
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Paper and Packaging
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Automotive Components
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Bio Based Adhesives Market Product Type Outlook
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Water-Based Adhesives
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Solvent-Based Adhesives
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Hot-Melt Adhesives
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UV-Curable Adhesives
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Bio Based Adhesives Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
9.79(USD Billion) |
| Market Size 2023 |
10.43(USD Billion) |
| Market Size 2032 |
18.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.57% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Ashland ,Dow ,BASF ,Arkema ,Croda International ,Lanxess ,Evonik Industries ,Sika ,Solvay ,Henkel ,MAPEI ,Huntsman Corporation ,Clariant ,Sumitomo Chemical ,The 3M Company |
| Segments Covered |
Application ,Source ,Chemistry ,End-Use Industry ,Product Type ,Regional |
| Key Market Opportunities |
Increased demand for sustainable products growing environmental regulations technological advancements expanding applications in packaging and construction rising consumer awareness and preference for environmentally friendly adhesives |
| Key Market Dynamics |
Rising environmental awareness Growing consumer preference for ecofriendly products Technological advancements Expanding applications in packaging and woodworking Government regulations promoting biobased materials |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global bio-based adhesives market is expected to reach a valuation of USD 18.5 billion by 2032, exhibiting a CAGR of 6.57% during the forecast period (2023-2032).
The Asia-Pacific region is anticipated to dominate the global bio-based adhesives market throughout the forecast period. This dominance can be attributed to the increasing demand for eco-friendly and sustainable products, particularly in countries like China and India.
Key application segments of bio-based adhesives include packaging, woodworking, assembly, and construction. The packaging segment is projected to hold the largest market share during the forecast period due to the rising demand for sustainable packaging solutions.
Major competitors in the global bio-based adhesives market include Henkel, 3M, Sika AG, Arkema, and Ashland.
Factors driving the growth of the global bio-based adhesives market include growing environmental concerns, increasing demand for sustainable products, and government regulations promoting the use of bio-based materials.
Challenges faced by the global bio-based adhesives market include the high cost of raw materials, limited availability of bio-based feedstocks, and technical challenges in meeting performance requirements.
Latest trends in the global bio-based adhesives market include the development of bio-based adhesives from renewable resources, such as starch, cellulose, and lignin, and the incorporation of nanotechnology to enhance adhesive properties.
The global bio-based adhesives market is projected to exhibit a CAGR of 6.57% during the forecast period (2023-2032).
Key factors contributing to the growth of the global bio-based adhesives market include rising environmental awareness, increasing demand for sustainable products, and supportive government regulations.
Potential applications of bio-based adhesives span across various industries, including packaging, construction, transportation, and furniture manufacturing. They offer advantages such as eco-friendliness, strong bonding capabilities, and durability.
