Bio adhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
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Bio adhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022 The global bio adhesive market has witnessed a strong growth over the past few years. Some of the major driving factors include consumer awareness, government initiatives to increase the use of natural adhesives and growth in the end-use industries. The latest report by IMARC Group, titled “Bio adhesive Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022�, finds that the global bioadhesive market reached a value of more than US$ 1 Billion in 2016. Bioadhesives are natural polymers which are capable of gluing two surfaces, derived from either plants or animals. They may contain proteins or carbohydrates such as gelatin or starch which form the main gluing components. As bio adhesives are environment-friendly, they are considered as a common substitute for synthetic and epoxy adhesives which are derived from petroleum. Bio adhesives can further be categorized as natural, biological, biocompatible, biomimetic and bioinspired adhesives, depending on their source or application. Request Sample of the Report: http://www.imarcgroup.com/request?type=report&id=864&flag=B
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Highlights of the global xenon lights market: • • •
Rising awareness among the consumers regarding the adverse effects of the synthetic products is the major driver for the market. On the basis of application, the paper and packaging sector holds the majority of the market share. Europe holds the majority of the global share, representing the largest market.
The market is majorly being driven by the biocompatible property of bio adhesives, owing to which, they are used for biomedical applications that involve skin and other body tissues. Apart from this, a shift towards bio-based products due to rising awareness among the consumers about the harmful effects of synthetic materials is stimulating the growth of the global bio adhesive market. In addition, a strong growth in the construction sector, particularly in the emerging countries such as China, India, Korea, etc., has contributed to an increasing demand for bio adhesives. Moreover, stringent policies by governments across various nations regarding environmental sustainability and usage of bio-based products are further anticipated to broaden the growth prospects of the market in the coming years. According to the report, the market is further anticipated to reach a value of around 3 Billion by 2022, growing at a CAGR of about 13% during 2017-2022.
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The global bioadhesive market has been bifurcated on the basis of type into plant-based and animalbased bioadhesives. On the basis of end-use, the paper and packaging sector accounts for the majority of the global share. It is followed by the construction, wood, personal care and healthcare sectors. Region-wise, Europe exhibits a clear dominance in the market, followed by North America, Asia Pacific, Middle East and Africa, and Latin America. On analysing the competitive landscape, it is found that the key players operating in the market include Henkel Corporation, Dow Chemical Company, Ashland, Inc., Adhesives Research, Inc., and EcoSynthetix The report by IMARC Group has examined the global xenon lights market on the basis of: Type:
• •
Plant-Based Animal-Based
End-Use: • • •
Paper and Packaging Construction Wood
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Personal Care Healthcare
Region: • • • • •
Europe North America Asia Pacific Middle East and Africa Latin America
Major Manufacturers: • • • • •
Henkel Corporation Dow Chemical Company Ashland Inc. Adhesives Research, Inc. EcoSynthetix
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