Market Size of Bio-based Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bio-based Adhesives Market Analysis
The market for bio-based adhesivesis expected to grow at a CAGR of more than 4% over the forecast period. One of the major factors driving the market studied is stringent regulations for conventional adhesives in the United States. However, low shelf life and performance hindrance of bio-based additives in comparisonto petroleum-based additives is likely to hinder the market growth.
- The increasing demand from the packaging sector is likely to boost the demand for the bio-based additives during the forecast period.
- Growing modular construction activities are likely to provide growth opportunities for the market in the near future.
- Europe dominated the bio-based adhesives market across the world, andis likely to witness the highest growth rate during the forecast period.
