Saudi Arabia Bioadhesives Market
Saudi Arabia Bioadhesives Market Size Growing Steadily to Touch USD 140 Million by 2029
Published | 02 February 2023
Saudi Arabia bioadhesives market is gaining traction because of the increasing demand for eco-friendly and biodegradable products and thriving construction & automotive industries in the kingdom.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia bioadhesives market size at USD 102.05 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Saudi Arabia bioadhesives market size to grow steadily at a CAGR of 4.77% reaching a value of USD 139.53 million by 2029. The Saudi Arabia bioadhesives market is witnessing a significant boost in the demand for bioadhesives owing to the shift from synthetic polymers to natural biobased polymers and stringent government regulations on environment-degrading materials. Expanding the application of bioadhesives in a wide range of industries, including medicine and construction, is also offering lucrative growth opportunities to the players in Saudi Arabia bioadhesives market.
Saudi Arabia Bioadhesives Market – Overview
Natural polymeric substances called bioadhesives function as adhesives. In clinical settings, bioadhesives have proven to be superior to tissue adhesives, hemostats, and tissue sealants. Due to the inherent stickiness, the applications have been broadened to include the fixation of medical devices as well as functional wound dressing and factor delivery vehicles. Although a wide range of materials can be used to make bioadhesives, proteins and carbohydrates are frequently included. They have quickly acquired popularity as an alternative to conventional synthetic adhesives because of their cost-effectiveness, sustainability, and sensitivity to the environment.
Saudi Arabia Bioadhesives Market – By Application
Based on application, the Saudi Arabia bioadhesives market is segmented into packaging & paper, construction, wood, personal care, medical, and others. The medical segment accounts for the highest share in the market owing to the rising demand for renewable and environmentally friendly products. In general, bioadhesives are utilized in hemostasis and wound healing, and their usage is only beginning in other biomedical applications including tissue engineering and regeneration. With expanding government investments in the healthcare sector and increasing accessibility, the demand for bioadhesives is projected to surge during the forecast period.
Impact of COVID-19 on Saudi Arabia Bioadhesives Market
The unanticipated COVID-19 pandemic restricted the Saudi Arabia bioadhesives market from advancing. Construction, paper and packaging, and personal care were among the key end-user industries of the bioadhesives market that temporarily halted operating, which significantly reduced the demand for these products. As there was a significant risk of contamination in healthcare facilities, the medical industry in particular was disrupted and overworked at this time, and the availability of wound dressings was also constrained. It also limited the growth of Saudi Arabia bioadhesives market.
Major players operating in the Saudi Arabia bioadhesives market include DuPont, Henkel AG & Co. KGaA, H.B. Fuller, Ashland Global Holdings Inc., Pidilite Industries Limited, 3M, Arkema S.A., The Dow Chemical Company, Huntsman Corporation, and Jowat SE. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Bioadhesives Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Bioadhesives Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Saudi Arabia Bioadhesives Market - By Type (Plant-based, Animal-based); By Application (Packaging & Paper, Construction, Wood, Personal Care, Medical, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: February 2023
Increasing use of bioadhesives in various sectors, including the medical, paper and packaging, building and construction, and government initiatives to promote the use of sustainable materials are expected to drive Saudi Arabia Bioadhesives Market during the forecast period between 2023 and 2029.
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