Bio-based Adhesives & Sealants Market - Forecast 2021 - 2026
Bio-based Adhesives & Sealants Market Overview Bio-based adhesives & sealants market size is forecast to reach US$11.6 billion by 2026, after growing at a CAGR of 13.2% during 2021-2026. Adhesives and sealants (AS) are materials that have excellent properties, flexibility, and easy curing mechanisms, and are commonly used in a range of industries, from building to medicine. Due to the fast-growing demand for petroleum-based goods (fossil based materials) and the consequent negative environmental effect (the carbon footprint), there is an increasing need to establish novel and more sustainable sources to procure raw materials. This is particularly driving the demand for biopolymer based adhesives & sealants in various end-use industries. Furthermore, the rising crude oil prices and stringent government regulations are also projected to be a major driver for the bio-based adhesives & sealants industry during the forecast period. COVID-19 Impact As the coronavirus epidemi