Market Size and Overview:

The Global Bio-Inspired Adhesives Market attained a valuation of USD 8.03 billion and is anticipated to achieve a market size of USD 17.10 billion by the conclusion of 2030. Throughout the projected period spanning from 2024 to 2030, there is an estimation that the market will experience growth at a Compound Annual Growth Rate (CAGR) of 11.4%.

INDUSTRY OVERVIEW

Materials possessing adhesive properties derived from biological sources, such as gelatin, starch, or cellulose, fall under the category of "bioinspired adhesives." These substances are commonly utilized to bind various materials together, preventing separation under diverse conditions. Additionally, they find applications in cell adhesion, organism-surface interactions, and within living organisms for connecting living and non-living components. The growing preference for bioinspired adhesives over traditional synthetic adhesives is attributed to their cost-effectiveness, sustainability, and environmental sensitivity. Consequently, bioinspired adhesives play a pivotal role across sectors such as medical, packaging, paper, construction, wood, and personal care industries.

The key driving factors behind the market's expansion include the increasing adoption of bioinspired adhesives across diverse industries. Notably, in the healthcare sector, bioinspired adhesives are replacing invasive wound closure techniques due to their antibacterial, antioxidant, anti-inflammatory properties, and enhanced wound healing capabilities. The broader shift toward bio-based products, propelled by heightened environmental concerns, is also contributing to increased demand. Furthermore, stringent regulations on synthetic adhesives, coupled with government initiatives promoting eco-friendly products, further fuel market growth. Major companies are investing significantly in research and development to introduce advanced bio adhesive variations, thereby broadening their product portfolios.

COVID-19 IMPACT ON THE BIOINSPIRED ADHESIVES MARKET

The global spread of COVID-19, declared a public health emergency by the World Health Organization in March 2020, has significantly impacted economies worldwide. Industries such as paper & packaging, construction, woodworking, personal care, and medical, major consumers of bioinspired adhesives, experienced a decline in growth rates due to national lockdowns. Supply chain disruptions and business suspensions further hampered economic activities, leading to a decreased demand for bioinspired adhesives. Although the chemical sector faced challenges during the pandemic, the market is expected to rebound in the coming years.

MARKET DRIVERS

Increasing restrictions on petrochemical-based adhesives:

The market is witnessing growth due to rising regulations against the use of adhesives based on petrochemicals. Bioinspired adhesives, being environmentally friendly, are gaining prominence as alternatives to synthetic adhesives, and regulatory bodies support the use of bio-based materials in adhesives.

Rising demand for environmentally-friendly products:

Growing consumer preference for eco-friendly products and increased awareness of sustainability are driving the global market for bioinspired adhesives. The chemical industry's funding of novel bio-based chemicals contributes to the development of VOC-free products, creating opportunities for environmentally friendly adhesive solutions.

MARKET RESTRAINTS

Competition from substitutes:

Bioinspired adhesives face competition from cheaper and easier-to-produce synthetically generated adhesives. Manufacturers need to focus on offering competitive pricing to capture larger market shares and overcome resistance to change.

Limited capabilities of bioinspired adhesives:

The restricted capabilities of bioinspired adhesives in various applications hinder their widespread adoption, limiting market growth.

Advanced technological requirements:

The creation of bioinspired adhesives demands advanced formulation and cutting-edge technology, resulting in substantial research and development costs. Only major global companies can commit significant resources to product innovation, posing a challenge for smaller firms in the competitive international market.

BIOINSPIRED ADHESIVES MARKET – BY SOURCE

• Plant-based
• Animal-based

The segmentation of the bioinspired adhesive market by source comprises Plant-based and Animal-based. Plant-based adhesives dominated the market in 2021 with a substantial 73.0% revenue share. This leadership is attributed to the abundance of raw materials such as starch, soy, corn, and maize, coupled with their cost-effectiveness. The increasing consumer preference for bio-based items is expected to drive the demand for plant-based adhesives, showcasing a variety of product options.

Anticipated to enter end-use sectors rapidly, animal-based adhesives, including bone, glue, hide, and hoof, find applications in specialized fields such as carpentry, pipe organ construction, piano repair, and antique restoration. However, the growth of this segment is expected to be hindered over the projection period due to the short shelf life and limited functionality of animal-based varieties.

BIOINSPIRED ADHESIVES MARKET - BY APPLICATION

• Paper & Packaging
• Construction
• Woodworking
• Personal Care
• Medical
• Others

The market segmentation by application includes Paper & Packaging, Construction, Woodworking, Personal Care, Medical, and Others. The leading application in the bio adhesives market is packaging and paper, holding a significant 36.5% revenue share in 2021. Industries such as specialty packaging, cigarettes and filters, printed sheet lamination, and flexible packaging contribute to the extensive use of bio adhesives. The projected period expects growth in the paper and packaging industries, particularly in emerging regions of the Asia Pacific and Latin America.

The construction sector, the second-largest application segment in 2021, utilizes bio adhesives for pavement, waste management systems, pipelines, and cladding panels. The anticipated significant rise in this application is attributed to increased infrastructure development in developing nations across the Asia Pacific, Middle East, and Latin America.

The medical application category is expected to experience a notable CAGR of 15.6% over the projection period. The increased utilization in medical procedures such as surgeries, transdermal medication administration, wound care dressings, and skin-bonded monitoring devices contributes to the rising demand in the medical sector.

BIOINSPIRED ADHESIVES MARKET - BY REGION

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East
• Africa

Regionally, the Bioinspired Adhesives Market is categorized into North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa. Europe claimed the largest regional market share with a volume share of 43.2% in 2021. The region's leadership is maintained due to stringent regulatory restrictions on synthetic adhesives and the rapid development of bio-based material technology.

North America ranked as the second-largest consumer in 2021, with an anticipated considerable rise in demand over the projected period. The region's growth is attributed to environmental protection actions by organizations such as the Environment Protection Agency (EPA) and the Commission for Environmental Cooperation (CEC). Moderate growth is expected in the Asia Pacific, driven by expanding development and refurbishment projects, population growth, increased healthcare knowledge, and rising per capita income.

BIOINSPIRED ADHESIVES MARKET - BY COMPANIES

Major players operating in the Bioinspired Adhesives Market include:

• ADHESIVES RESEARCH, INC.
• ARKEMA
• ASHLAND GLOBAL HOLDINGS INC.
• BEARDOW ADAMS
• CAMURUS
• DUPONT DE NEMOURS, INC.
• HENKEL AG
• JOWAT SE
• PARAMELT BV
• U.S. ADHESIVES

NOTABLE HAPPENINGS IN THE BIOINSPIRED ADHESIVES MARKET

EXPANSION - Henkel AG & Co. KGaA inaugurated a state-of-the-art manufacturing plant in Kurkumbh, Pune, India, on February 4, 2020. This facility has enhanced the company's ability to serve clients in various industries, including flexible packaging, automobiles, agricultural & construction equipment, and metals.

EXPANSION - In December 2019, Henkel established its "Henkel Adhesives Technical Center" in the east of Hanoi, Vietnam. This high-tech center facilitates close collaboration with prominent clients, accelerating the development of high-impact solutions for various applications in local markets, particularly those linked to consumer electronics and semiconductors.

ACQUISITION - Arkema announced the acquisition of Nitta-Gelatin Inc.'s industrial adhesives division in May 2019. This acquisition, carried out by Bostik-Nitta JV, where Bostik has the controlling interest, aimed to strengthen Bostik's market share for adhesives in Japan.

EXPANSION - Henkel AG inaugurated a new OEM application center in Connecticut in April 2019 to provide advanced solutions and develop specialized applications, technologies, and production processes for better client service.