Dispersion Adhesives Market is Trending due to Rise of Advanced Healthcare Infrastructure

 

Dispersion Adhesives Market

The dispersion adhesives market involves manufacturing of acrylic or vinyl acetate-based adhesives which are water-based and used for bonding different types of materials including wood, paper, cloth and others. Dispersion adhesives offer advantages like high bonding strength even with substrate materials that have low surface energy and are moisture resistant. They are widely used in the healthcare sector for bonding wound care dressings, bandages and surgical tapes.

The global dispersion adhesives market is estimated to be valued at US$ 9.81 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031. Dispersion adhesives are predominantly used in medical applications owing to their excellent adhesion to different substrates along with high transparency making them suitable for usage in bandages, tapes and wound dressings.

Key Takeaways

Key players operating in the Dispersion Adhesives Market Demand are Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc.

The growing demand from the healthcare industry is one of the major factors boosting the growth of dispersion adhesives market. Dispersion adhesives find wide application in manufacturing wound care products such as dressings, tapes and bandages. Rapidly ageing global population and increasing incidence of chronic wounds and injuries are propelling the demand for wound care products, thereby driving the dispersion adhesives market.

Major players in the dispersion adhesives market are focusing on expanding their geographical reach into emerging economies of Asia Pacific and Latin America. Countries with large population base and improving healthcare infrastructure offer lucrative opportunities for market players.

Market Key Trends

Rise of advanced wound care is a key trend seen in the dispersion adhesives market. With increasing awareness about wound management and advancements in dressing materials, demand for innovative wound care products is on the rise. Dispersion adhesives play a vital role in manufacturing advanced wound care dressings with added properties like moisture management, absorption and antimicrobial protection. Their excellent adhesion helps ensure secure sealing of dressings over wounds for effective healing. This rising demand for advanced wound care products is projected to drive the dispersion adhesives market significantly over the forecast period.

Porter’s Analysis

Threat of new entrants: The already established players have strong brand presence which makes entry difficult for new players. However, technological advancements are lowering the barriers.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes. However, customized products increase switching costs.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power as there are many suppliers for raw materials. However, supply chain disruptions can impact prices.

Threat of new substitutes: There exists potential threat from substitutes like cyanoacrylate adhesives and mechanical wound closure. However, dispersion adhesives are preferred for their advantages.

Competitive rivalry: The market is highly competitive with players differentiating through innovation.

Geographical Regions

North America accounts for around 35% value share of the dispersion adhesives market led by the US owing to sophisticated healthcare facilities and early technology adoption.

The Asia Pacific region is poised to grow at over 8% CAGR during the forecast period. Factors such as rapid urbanization, rising income, increasing patient population and healthcare investments are propelling the market in emerging countries like India and China.

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