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Henkel (Germany) and DuPont de Nemours, Inc. (US) are the Key Players in the Bioadhesives Market

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Henkel (Germany) and DuPont de Nemours, Inc. (US) are the Key Players in the Bioadhesives Market

October 06
13:39 2021
Henkel (Germany) and DuPont de Nemours, Inc. (US) are the Key Players in the Bioadhesives Market
Browse 230 market data Tables and 59 Figures spread through 236 Pages and in-depth TOC on “Bioadhesives Market”
Bioadhesives Market by Type (Plant based and Animal based), by Application (Paper& Packaging, Construction, Woodworking, Personal Care, Medical), Region (APAC, North America, Europe, Middle East & Africa, South America)

The global bioadhesives market size is projected to grow from USD 6.0 billion in 2020 to USD 9.7 billion by 2025, at a CAGR of 10.0% between 2020 and 2025. The global market for bioadhesives is witnessing high growth due to governmental regulations and policies to control environmental pollution and consumer awareness for biodegradable products. The growing use of bio-based products in end-use industries is also driven by the demand for high-quality biodegradable products, investment in the market, and government policies and subsidies. The major applications of bioadhesives are packaging & paper, construction, wood, personal care, and medical. 

Environmental regulations & policies against the use of petrochemical-based adhesives, growth of biotechnology and innovations by market players, and continuous fluctuation in the price of crude oil are providing opportunities for the growth of the market. Stringent environmental regulations in Europe and North America are expected to boost market growth, which would offer growth opportunities to the manufacturers. There is growing awareness and acceptance of bioadhesives in the paper & packaging, construction, and woodworking industries.

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The animal-based bioadhesives segment is projected to register faster growth during the forecast period. These adhesives are soluble in water and dissolve quickly. Furthermore, they are safe, green, and biodegradable. Owing to significant advancements in the development of biodegradable technology, consumers are demanding environmentally-friendly, cost-effective products. Animal-based adhesives are developed in a variety of grades for different applications in end-use industries.

The medical segment is projected to register the highest growth during the forecast period. Developing countries in the APAC region, such as China and India, are expected to boost the demand for healthcare products due to growing awareness regarding health-related issues. R&D in the medical industry has increased significantly in recent years, and there is growing awareness regarding the use of such adhesives in the medical sector. These factors are expected to boost the demand for bioadhesives.

APAC is projected to be the fastest-growing market, in terms of value, during the forecast period. A huge and increasing population base and a shift in manufacturing from North America and Europe to APAC are driving the bioadhesives market in the region.

Henkel AG & Company, KGaA (Germany), DuPont de Nemours, Inc., (US), Arkema (Bostik SA) (France), Ashland Global Holdings Inc. (US), Beardow Adams Group (England), Paramelt BV (Netherlands), Jowat SE (Germany), Ingredion Incorporated (US), EcoSynthetix Inc. (Canada),  and Tate & Lyle PLC (UK) are the leading players in the bioadhesives market. They have adopted the strategies of merger & acquisition and investment & expansion to expand their global presence, broaden their product portfolio, and increase their market shares.

Henkel (Germany) was the leading company within the global bioadhesives market in 2019. It has a diversified product portfolio with several investments in product innovation. Its customers can choose from a wide variety of bioadhesive products. It has a strong network for distributing and manufacturing adhesives with more than 138 production sites to meet the changing demands of the bioadhesives industry, worldwide. Henkel’s R&D activities are focused on reducing resource consumption and increasing or improving performance. Furthermore, the company is incorporating the use of digitized technologies in its R&D activities. These initiatives taken by Henkel are expected to prove beneficial for its growth over the next few years. The company also continuously focuses on its organic growth.

  • In February 2020, Henkel AG has officially inaugurated its new production facility in Kurkumbh, India, near Pune. With a total investment of about USD 57 million, the business unit aims to serve the growing demand of Indian industries for high-performance solutions in adhesives, sealants and surface treatment products. Designed as a smart factory, the new plant enables a wide range of Industry 4.0 operations and meets the highest standards for sustainability.. 

DuPont de Nemours, Inc. (US) is a specialty chemicals company. DuPont was merged with the Dow Chemical Company (Dow) (US) in 2017 to form DowDuPont. However, in 2019, the Dow Company separated from DowDuPont and became more focused, streamlined, and one of the leading material science companies. After separation, DuPont operates through three consumer-driven segments, namely, Packaging, Infrastructure, and Consumer Care. DuPont is now in a better position to drive revenue growth and innovate products for its customers, leveraging three advantaged building blocks—ethylene, propylene, and silicones—to power one of the deepest chemistry sets in the industry. It operates in the market via four business segments, namely, Electronics & Imaging, Transportation & Industrial, Nutrition & Biosciences, and Safety & Construction. The company manufactures bioadhesives under the nutrition & biosciences segment. This segment manufactures various products, such as alginate, antimicrobials, dairy cultures, emulsifiers, dietary fibers, guar gum, and pectin. The company actively engages in R&D to improve product quality and provide new products to its clients.

  • In November 2017, DuPont announced its acquisition of FMC Corporation’s Health & Nutrition business (FMC H&N). The acquisition includes all segments, except the Omega-3 business. This initiative was taken with the aim to strengthen DuPont’s Nutrition and Health segment by adding new products and help the company gain maximum market share in the pharma excipients industry space.

 

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