Allied Market Research

2024

Soy-based Adhesive Market

Soy-based Adhesive Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by application and by adhesive substrate : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

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Author's: | Eswara Prasad
Publish Date:

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Soy-based Adhesive Market Analysis :

Soy-based adhesive is a glue that is made with soy flour and a cross linking resin. The resin reacts with a protein in soy flour forming a water-resistant durable adhesive that is comparable in strength and performance with the petroleum-based adhesive. Soy-based adhesive is widely applicable across many industries due to its low cost, low emission, and bio-based origin. It works under extreme pressure conditions, as a result it is also called pressure-sensitive adhesive. It is non-reactive and perform only when pressure is applied. With government policies to protect animals and humans, the demand for the bio-based adhesive has increased. 

COVID-19 impact analysis

The adhesive industry has faced many consequences due to the virus outbreak. The availability of raw material has reduced due to disruption in the supply chain. However, due to the various applications of adhesive, the market is experiencing high demand from industries such as packaging, pharmaceuticals, DIY residents, and others. The increase end use applications of soy-based adhesive in various industries such as paper& packaging, medical & hygiene, and other consumer goods is expected to boost the market growth during the forecast period.

Market scenario analysis

The soy-based adhesive market is expected to witness significant growth during the forecast period, due to increase in population and rapid urbanization along with government efforts to boost residential construction. Stringent government regulations to the formaldehyde emissions during the production of UF resin-based adhesive has led to increase in the demand for natural soy-based adhesive. Surge in demand for natural and eco-friendly adhesives is expected to propel the market growth during the forecast period.

Market trends

The use of soy-based adhesive in many industries has increased. Owing to its renewability and bio base, many industries are shifting to soy-based adhesives. Similarly, rise in investment on high-end furniture by consumers is expected to boost the global soy-based market. Other major trends affecting the industry are sustainability, digitalization, and integration of home electronics into work and home furniture. The use of urea formaldehyde due to its properties such as low cost, inflammability, light color, and rapid cure rate boosts the market growth. Established players who are involved in supplying their product to the furniture industry focus on creating innovative solutions for their customers. 

Key benefits of the report

  • This report presents the analytical depiction of the global soy–based adhesive industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global market.
  • The current market is quantitatively analyzed to highlight the market growth scenario.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global soy-based adhesive market research report:

  • Which are the leading market players active in the global soy-based adhesive market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Soy-based Adhesive Market Report Highlights

Aspects Details
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By Type
  • Normal Soy-based Adhesive
  • Water-resistant Soy-based Adhesive
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By application
  • Flooring
  • Furniture
  • Doors & Windows
  • Housing components
  • Others
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By adhesive substrate
  • Solid Wood
  • Oriented Strand Board (OSB)
  • Plywood
  • Particle board (PB)
  • Medium-density Fibreboard (MDF)
  • High-density Fibreboard (HDF)
  • Others
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By Region
  • North America  (US, Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, rest of Asia-Pacific)
  • LAMEA  (Brazil, UAE, Saudi Arabia, South Africa, rest of LAMEA)
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Key Market Players

Ashland Inc., Franklin Adhesives & Polymers., Sika AG, Pidilite Industries Ltd., Henkel AG & Co. KGaA, AkzoNobel N.V., DowDuPont Inc., Bostik S.A., Jubilant Industries Ltd., H.B. Fuller, 3M Company

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Soy-based Adhesive Market

Global Opportunity Analysis and Industry Forecast, 2023-2032