Henkel Corporation, Dow Chemical Company, DaniMer Scientific, LLC, Paramelt B.V., Ashland Inc., Adhesives Research, EcoSynthetix Inc., 3M Company, Yparex B.V., Adhbio, Potters Industries LLC, AkzoNobel N.V., Momentive Performance Materials Inc., Chase Corporation, Matsumoto Yushi Seiyaku Company, Sigmund Lindner GmbH, Mo-Sci Corporation, Trelleborg AB and Luminex Corporation are some of the prominent players at the forefront of competition in the Global Bioadhesive Market Size and are profiled in MRFR Analysis.
Global Bioadhesive Market: Overview
Over the last decade, bioadhesives have been considered a potential drug delivery system for oral administration that includes nasal spray, ear drops, eye drops, and ointment hydrogel among others. Bio adhesives are polymers that act as adhesives that contain protein and carbohydrates as major constituents. They are either natural or synthetic polymers. Naturals bio adhesive involve the use of microorganisms like bacteria, fungi, algae, etc. Synthetic polymers are made from biological monomers like sugars. Bio adhesives have number of advantages encouraging their use in healthcare involves their extensive application in drug delivery and tissue repair. They are primarily employed in end user industries such as healthcare, biotechnology, research institutes, packaging industries, etc. The demand of bio adhesives is increasing sue to increase in end users industries.
Increasing prevalence of patient with eyes disease plays an important role in fueling the growth of the global bioadhesives market. According to the report published by World Health Organization (WHO), in October 2017, around 253 million people were living with vision impairment problem and 36 million people were blind. The report further adds that around 217 million had moderate to severe vision impairment. Thus, the bioadhesives market growth is majorly attributed to increasing patient population and application of bioadhesives in various drugs delivery systems.
The global bioadhesive market is expected to grow at a CAGR of 6.9% during the forecast period. According to a recent study report published by the Market Research Future, the global bio adhesive market is expected to gain eminence over the forecast period. The market is forecast to demonstrate a solid growth by 2023 with a remarkable CAGR during the expected period from 2017 – 2023.
Global Bioadhesive Market – Competitive Analysis
The bioadhesive industry has turned into a critical and element power in the global healthcare industry. Through extensive research, it is found out that there has been an extensive utilization in packaging and durability in the market. As there are plenty of large and small market players available out of which some of the major players operating in this market are Bioadhesive Alliance Inc., Camurus, Henkel Corporation, Ashland Inc., 3M Company, Adhesives Research, Yparex B.V., EcoSynthetix Inc., Adhbio and others.
In December 2016, Camurus has launched a lipid-based fluid called episil oral liquid into market. This liquid is developed for the management and relief of pain associated with oral lesions of various aetiologies such as oral mucositis, a painful side effect of cancer therapies.
In January 2015, Henkel and DaniMer Scientific, LLC have formed an alliance to develop hotmelt adhesives that use bio-based raw materials. The initial objective to develop these bio-based hotmelt adhesives will be the consumer packaging market including applications of end of line and labelling.
Global Bioadhesive Market – Regional Analysis
Globally, bio Bioadhesive gel Market is segmented into four key regions: Americas, Europe, Asia-Pacific and Middle East and Africa. Europe is the largest market for bio adhesives in terms of production. Majority of bio adhesive manufacturers in Europe export their products to North America and Asia-Pacific. Increase in research and development activities in bio adhesives favor the growth of this market in Europe. Moreover, biotechnology and research laboratories use bio adhesives on a large scale in this region. America is the second largest market for bio adhesives due to increase in demand of eco-friendly bio adhesive for tissue repair and drug delivery that has favoured the growth of this market in America. Growing emphasis on personal care also increase the demand of bio adhesives in America. Asia-Pacific market is expected to show steady growth in the bio adhesive market during the forecasted period. Japan and India import bio adhesives from European companies which is signifies that there is an increasing demand for bio adhesives for Asia-Pacific for bio adhesive. Middle East and Africa show slow growth in this market.
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