Bio-based Adhesives & Sealants Market - Growth, Trends, and Forecast (2019 - 2024)

The Market is Segmented by Raw Material (Rosin, Starch, Lignin, Soy, and Other Raw Materials), and End-user Industry (Building and Construction, Paper, Board, and Packaging, Healthcare, Personal Care, Woodworking and Joinery, and Other End-user Industries), and Geography.

Market Snapshot

Bio-based Adhesives & Sealants Market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

Europe

Key Players:

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Market Overview

The bio-based adhesives and sealants market is expected to register a CAGR of above 4.5%, during the forecast period of 2019-2024. Major factors driving the market studied are increasing demand from the packaging sector and stringent regulations for conventional adhesives in the United States. On the flip side, low shelf life, lower water-resistance, and performance-related concerns related to bio-based adhesives and sealants are expected to hinder the growth of the market studied.

  • The soy segment dominated the market in 2018. It is expected to grow further, during the forecast period, owing to its increasing demand as an alternative for urea formaldehyde and phenol-based adhesives.
  • Growing residential construction in Asia-Pacific and an increasing number of modular construction activities are likely to provide opportunities for the studied market, during the forecast period.
  • Europe dominated the global market, with the largest consumption from countries, such as Germany, France, and Italy.

Scope of the Report

The scope of the bio-based adhesives and sealants market report includes:

Raw Materials
Rosin
Starch
Lignin
Soy
Other Raw Materials
End-user Industry
Building and Construction
Paper, Board, and Packaging
Healthcare
Personal Care
Woodworking and Joinery
Other End-user Industries
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Paper, Board, and Packaging Segment to Dominate the Demand

  • An extremely high proportion of all industrial products are sold in packaging, either due to stability requirements for storage and transport or for aesthetic reasons.
  • Most of the packaging materials that are currently being used are made from the combination of different materials, laminated together with the help of adhesives.
  • Applications of bio-based adhesives range from corrugated box construction and lamination of printed sheets to packaging materials used for all types of consumer products.
  • The improvement in living standards and higher purchasing incomes, especially in eastern European countries and North American countries, have increased the demand for a broad range of products, all of which require packaging. Therefore, the demand for packaging has, in turn, increased the consumption of bio-based adhesives.
  • The paper, board, and packaging segment has been the biggest market for bio-based adhesives in the global scenario. The packaging segment is the fastest growing end-user segment.
  • Europe is the second-largest market for packaging in the world, after Asia-Pacific.
Bio-based Adhesives & Sealants Market - Segmentation

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Europe Region to Dominate the Market

  • The European region dominated the global market share in 2018. The demand for bio-based adhesives and sealants in the region is driven by the stringent environment- and health-related regulations in the region.
  • Germany is the major consumer of bio-based adhesives in the region, with many major companies having their presence in the country.
  • The increase in the production of bio-succinic acid in Germany has supported the production of bio-based label adhesives, based on the bio-succinic acid.
  • Besides, in countries, such as France, Italy, etc., the market demand for bio-based adhesives is driven by the packaging and construction industry. The awareness among the population, about using eco-friendly products, further drives the growth of the studied market in the region.
Bio-based Adhesives & Sealants Market - Regional Trends

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Competitive Landscape

The bio-based adhesives and sealants market is fragmented, with numerous players holding a small share of the market demand. Some of these major players include Henkel AG & Co. KGaA, Arkema Group (Bostik SA), H.B. Fuller, 3M, and Paramelt BV, among others.

Major Players

  1. Henkel AG & Co. KGaA
  2. Arkema Group (Bostik SA)
  3. H.B. Fuller
  4. 3M
  5. Paramelt BV

* Complete list of players covered available in the table of contents below

Bio-based Adhesives & Sealants Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Packaging Sector

      2. 4.1.2 Stringent Regulations for Conventional Adhesives in the United States

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Raw Materials

      1. 5.1.1 Rosin

      2. 5.1.2 Starch

      3. 5.1.3 Lignin

      4. 5.1.4 Soy

      5. 5.1.5 Other Raw Materials

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Paper, Board, and Packaging

      3. 5.2.3 Healthcare

      4. 5.2.4 Personal Care

      5. 5.2.5 Woodworking and Joinery

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M Company

      2. 6.4.2 Arkema Group (Bostik SA)

      3. 6.4.3 Artimelt AG

      4. 6.4.4 Ashland Inc.

      5. 6.4.5 DowDuPont Inc.

      6. 6.4.6 H.B. Fuller

      7. 6.4.7 Henkel AG & Company KGaA

      8. 6.4.8 Huntsman International LLC

      9. 6.4.9 Ingredion Incorporated

      10. 6.4.10 Mapei SpA

      11. 6.4.11 Master Bond Inc.

      12. 6.4.12 Paramelt BV

      13. 6.4.13 Sika AG

      14. 6.4.14 Solenis

      15. 6.4.15 Emsland Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growth in Residential Construction in Asia-Pacific

    2. 7.2 Growing Modular Construction Activities

**Subject to Availability

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