Asia Pacific Bioadhesives Market Expected To Exceed USD 500 million By 2022: Grand View Research, Inc.

The global bioadhesives market is expected to reach USD 2,549.2 million by 2022, according to a new study by Grand View Research, Inc. Volatile prices of synthetic adhesives on account of fluctuation in raw material prices is expected to remain a key driving factor for global bioadhesives market. Government support to promote the use of natural, environmental friendly products particularly in North America and Europe is also expected to have a positive influence on the market growth. Growth of key end-use industries such as packaging, construction and automotive particularly in emerging markets of Asia Pacific is also expected to impact the demand positively. Low shelf life of bioadhesives compared to synthetic adhesives is expected to remain a key challenge for market participants. 

Plants were the largest source for bioadhesives and accounted for over 87.0% of the total market volume in 2014. Promising plant based adhesives such as starch, soy and corn find wide application across various end-use industries and are expected to provide lucrative opportunities to industry participants and augment global market growth.  Animal based adhesives are expected to witness steady growth of 13.2% from 2015 to 2022.

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