General News

Global Bio-based Adhesives & Sealants Market 2019-2023 to Post a CAGR of 4.49% Consumer research, Analytical Research Report, Business Forecast by types, by applications | 360 Research Reports

Bio-based Adhesives & Sealants

360 Research Reports offers the latest published report on “Global Bio-based Adhesives & Sealants Market – Segmented by Raw Materials, End-user Industry and Geography – Growth, Trends, and Forecast (2019-2023)” delivering key insights and providing a competitive advantage to clients through a detailed report.

Global Bio-based Adhesives & Sealants Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Bio-based Adhesives & Sealants market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.

Bio-based Adhesives & Sealants Market Segmentation by Major Players:

3M Company-Arkema Group (Bostik SA) -Artimelt AG-Ashland Inc.-DowDuPont Inc. -H.B. Fuller -Henkel AG & Company, KGaA -Huntsman International LLC-Ingredion Incorporated -Mapei S.p.A-Master Bond Inc. -Paramelt B.V. -Sika AG -Solenis

Get Sample Copy of this Report – https://www.360researchreports.com/enquiry/request-sample/13104604

Overview of Bio-based Adhesives & Sealants Market Report:

The market for bio-based adhesives & sealants is expected to register a CAGR of 4.49% during the forecast period, 2019 to 2023. This growth is primarily driven by the increasing demand from the packaging sector and stringent regulations for conventional adhesives in the United States.

Increasing Demand from the Packaging Sector
Bio-based adhesives are finding increasing applications in the packaging sector, majorly for PET container packaging, flexible packaging, corrugated boards, carton side seams, and film-foil laminates. Flexible packaging is the second-largest packaging application segment of the overall packaging market, owing to various advantages, such as requiring 91% less material than rigid packaging, and about 96% of space saving. In the food industry, flexible packaging is being largely preferred due to its moisture absorption properties, product freshness, and temperature control while maintaining the shelf life of the product.

Demand for lightweight and innovative packaging solutions from the food industry is majorly driving the consumption of bio-based adhesives. Corrugated boxes are among the fastest growing packaging materials. These boxes are the favored choice of various industries, such as food and beverage, automotive, FMCG, pharmaceutical, durable goods, and tobacco, among others. Expanding e-retailing business, and the usage of recycled paper, are fuelling the demand for corrugated boxes. Moreover, rising industrial activity, especially in the manufacturing and retail industry, is the major driver for the demand for corrugated boxes, as they are used for protection and transportation of goods. Also, many research activities are being carried out for sorting out newer bio-based adhesives for usage as tapes, in packaging applications. For instance, engineers at the University of Delaware have successfully developed a technique to produce packaging tapes from lignin.

Soy Raw Material Segment to Contribute Significant Demand to the Market
Soy is a renewable and a user-friendly raw material that is widely used for manufacturing of adhesives used in wood composites manufacturing. Soy-based adhesives are considered as alternatives for urea formaldehyde and phenol-based adhesives. Soy raw material occupies the largest share of the total raw materials that are used for the manufacturing of bio-based adhesives and sealants. The major factor that is considered for the replacement of soy over others, is the increase in the raw material prices for urea (made from methanol that is made from natural gas and is the product of ammonia and formaldehyde) and phenol (derived from benzene). Recently, the International Agency for Cancer Research Institute has classified formaldehyde as a known carcinogen that creates health-related problems for the manufactures and the end users of wood composites. Even though both phenol-formaldehyde and urea are not completely replaced by soy-based adhesives, manufacturers are fast developing new technologies that improve the performance of these soy-based adhesives and to find products that are commercially viable. The most recent technology involves the usage of soy flour/soy meal in formaldehyde-free adhesives manufacturing, to minimize the formaldehyde emissions from the resin in the wood composite boards.

One of the biggest successes of the United Soybean Board funded research program is the usage of soy in the formaldehyde-free glues for use in the interior hardwood plywood segment. Naturally, available soy protein exhibits less strength and less resistance to water. Soybean protein unfolding and modification is necessary for achieving better adhesion, as well as, good properties in manufactured products of soybean-based adhesives. Different chemicals that are used to unfold soybean proteins are organic solvents, alkaline, surfactants, guanidine, urea, and protease enzymes.

Currently, there are four methods for the development of soybean-based adhesives. The first one is the addition of soybean flour to the synthetic adhesives that reduces consumption of the synthetic adhesives. The second method is the use of soy flour as an extender in the PF resins for plywood manufacturing. The third method is the denaturation of soy proteins. The soybean protein is first denatured under various conditions and chemicals and is later used as adhesives. The fourth method is by the usage of cross-linking agent for curing soybean protein and is later used as an adhesive.

Europe to Dominate the Market
Europe represented the largest regional market for global bio-based adhesives & Sealants market in 2017. This immense demand for bio-based adhesives & sealants is a consequence of the growing stringent environmental regulations for conventional adhesives in the region. In Europe, Germany provides the major market for the bio-based adhesives & Sealants with more than 29% of the regional market share. The growing packaging, woodworking and construction industries in the countries like France, Germany, and Italy are further augmenting the demand for bio-based adhesives & sealants market. There is a growing demand for small size as well as premium packaging from the personal care and food & beverage sectors in Europe. Despite the predominant usage of conventional adhesives in the packaging sector currently, the shift towards bio-based adhesives is expected to take place at a steady rate in the coming years.

Inquire more or share questions if any for this Report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13104604    

Reasons to Purchase this Report:
Identify the current and future prospects of the global bio-based adhesives & sealants market in the developed and emerging marketsAnalyze various perspectives of the market with the help of Porter’s five forces analysisInformation about the growth of the various end-user industries that are expected to dominate the marketRegional and country level analysis of the marketIdentify the latest developments, market shares, and strategies employed by the major market players3 months analyst support, along with the Market Estimate sheet (in Excel)

Order a copy of Bio-based Adhesives & Sealants Market Report 2019 @ https://www.360researchreports.com/purchase/13104604

Important factors that are mentioned in the Bio-based Adhesives & Sealants Market report 2023…

Key Market Dynamics:  The Global Bio-based Adhesives & Sealants Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.

Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.

Key Market Highlights:  The report gives us an in-depth Market analysis on some of the Bio-based Adhesives & Sealants Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.

Potential Customers: The Bio-based Adhesives & Sealants Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Bio-based Adhesives & Sealants market.

 “We also can offer a customized report to fulfill the special requirements of our clients. Regional and Countries report can be provided as well.”