Bio-based Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bio-based Adhesives Market Analysis
The market for bio-based adhesivesis expected to grow at a CAGR of more than 4% over the forecast period. One of the major factors driving the market studied is stringent regulations for conventional adhesives in the United States. However, low shelf life and performance hindrance of bio-based additives in comparisonto petroleum-based additives is likely to hinder the market growth.
- The increasing demand from the packaging sector is likely to boost the demand for the bio-based additives during the forecast period.
- Growing modular construction activities are likely to provide growth opportunities for the market in the near future.
- Europe dominated the bio-based adhesives market across the world, andis likely to witness the highest growth rate during the forecast period.
Bio-based Adhesives Market Trends
This section covers the major market trends shaping the Bio-based Adhesives Market according to our research experts:
Paper, Board, and, Packaging Industry to Dominate the Market
- An extremely high proportion of all industrial products are sold in packaged form, either due to stability requirements for storage and transport, or for aesthetic reasons. Most of the packaging materials 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 and North American countries, has 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 biggest market for bio-based adhesives in the global scenario has been the paper, board, and packaging segment, and the packaging segment represents the fastest-growing end-user segment. Europe is the second-largest market for packaging in the world, after Asia-Pacific.
- Another factor contributing to the potential demand for bio-based adhesives within the packaging is the traditionally low levels of automation, which causes many packaging producers to use alternate forms of adhesives.
- Hence paper, board, and packaging industry are likely to dominate the market.
Europe to dominate the market
- Europe dominated the bio-based adhesives market owing to the high demand from countries like Germany.
- Germany is the major consumer of bio-based adhesives in the European region, with many major companies having their presence in the country.
- Germany is a major producer of natural rubber- and starch-based adhesives in the global scenario.
- The increase in the production of bio-succinic acid in Germany has supported the production of bio-based label adhesives that are based on bio-succinic acid.
- In Italy, the market for modular construction is expected to increase at a significant rate during the forecast period, with an increase in residential construction activities and various institutional projects.
- Hence, Europe is likely to dominate the bio-based adhesives market and is expected to witness the highest market share during the forecast period.
Bio-based Adhesives Industry Overview
Bio-based Adhesives Market Leaders
Henkel AG & Co. KGaA
Arkema Group (Bostik SA)
H.B. Fuller
3M Company
Ashland
*Disclaimer: Major Players sorted in no particular order
Bio-based Adhesives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from Packaging Sector
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4.1.2 Stringent Regulations for Conventional Adhesives in the United States
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4.2 Restraints
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4.2.1 Low Shelf Life and Performance in Comparison to Petroleum-based Adhesives
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Raw Materials
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5.1.1 Rosin
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5.1.2 Starch
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5.1.3 Lignin
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5.1.4 Soy
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5.1.5 Other Raw Materials
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5.2 End-user Industry
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5.2.1 Building and Construction
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5.2.2 Paper, Board, and Packaging
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5.2.3 Healthcare
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5.2.4 Personal Care
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5.2.5 Woodworking and Joinery
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5.2.6 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 France
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5.3.3.3 United Kingdom
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5.3.3.4 Italy
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5.3.3.5 Rest of the Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa (MEA)
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Arkema Group (Bostik SA)
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6.4.3 Artimelt AG
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6.4.4 Ashland Inc.
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6.4.5 Dow
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6.4.6 H.B. Fuller
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6.4.7 Henkel AG & Co. KGaA
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6.4.8 Huntsman International LLC
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6.4.9 Ingredion Incorporated
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6.4.10 Mapei SpA
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6.4.11 Master Bond Inc.
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6.4.12 Paramelt BV
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6.4.13 Sika AG
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6.4.14 Solenis
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6.4.15 Emsland Group
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growth in Residential Construction in Asia-Pacific
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7.2 Growing Modular Construction Activities
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Bio-based Adhesives Industry Segmentation
The bio-based adhesives 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 | |||||||
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Bio-based Adhesives Market Research FAQs
What is the current Bio-based Adhesives Market size?
The Bio-based Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Bio-based Adhesives Market?
Henkel AG & Co. KGaA, Arkema Group (Bostik SA), H.B. Fuller, 3M Company and Ashland are the major companies operating in the Bio-based Adhesives Market.
Which is the fastest growing region in Bio-based Adhesives Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bio-based Adhesives Market?
In 2024, the Europe accounts for the largest market share in Bio-based Adhesives Market.
What years does this Bio-based Adhesives Market cover?
The report covers the Bio-based Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bio-based Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bio-based Adhesives Industry Report
Statistics for the 2024 Bio-based Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bio-based Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
