Global protein glue market projected to reach $4.53 billion by 2034 due to increased demand
From GlobeNewswire: 2024-12-12 09:54:00
The global protein glue market is projected to reach $2,411.5 million in 2024, with a growth rate of 6.5% from 2024 to 2034. The market is driven by increased demand in woodworking, packaging, and bookbinding due to its eco-friendly nature and renewable sources.
Environmental concerns and regulations against synthetic adhesives are pushing the market further. Protein-based adhesives offer benefits like biodegradability, non-toxicity, and strong bonding capabilities, leading to increased adoption in industrial and consumer applications. The construction industry is a major player in the market due to the use of protein adhesives in plywood and furniture assembly.
Key takeaways from the market study show that the global protein glue market is expected to grow at a CAGR of 6.5% and reach $4,526.7 million by 2034. North America is estimated to hold a market share of 24.3% in 2034. Prominent market players include Henkel AG & Co. KGaA and Cattie Adhesives & Franklin International.
Franklin International introduced the Laminating 50 adhesive copolymer to improve laminated surfaces in furniture manufacturing and construction processes. Henkel AG & Co. KGaA launched bio-based wood adhesives, reducing CO2 emissions by over 60%. These developments reflect a trend towards sustainable adhesive solutions.
Beijing Shuanghe Adhesives Co. partnered with universities to develop protein-based adhesives meeting international environmental standards. Ace Adhesives expanded its distribution network in North America to cater to construction and automotive sectors. These initiatives aim to promote innovation and strengthen market presence.
Fact.MR provides unbiased analysis of the global protein glue market, offering historical data from 2019 to 2023 and forecast statistics from 2024 to 2034. The market study covers key players, product types, applications, grades, forms, end-use industries, and distribution channels across major regions worldwide. The global hydrolyzed collagen market is currently valued at $1.09 billion and projected to grow at a CAGR of 7.8%, reaching $2.34 billion by 2032. The casein and caseinate market is expected to generate $3.4 billion in revenue by 2024, growing at a CAGR of 4.8% to reach $5.44 billion by 2034. The global edible food paints market is valued at $815.5 million in 2022 and projected to reach $1.26 billion by 2032, with a growth rate of 4.4%.
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