Jatropha oil based bio-adhesive for plywood application

Type of Business BAFP Sdn. Bhd. is a bio-adhesive manufacturer company with a focus on wood industries especially in plywood application. Company Summary BAFP Sdn. Bhd. is produces jatropha oil based bio-adhesive for plywood application. It is made from natural resources which are from jatropha oil and (Jatropha Oil Seed Cake) JOSC that obtained from jatropha tree and also glycerol that obtained from biodiesel by product. Business Opportunity Malaysia is the top ten wood suppliers of wood based products in the world, especially export to Europe, Japan, Taiwan, Singapore and Middle East. Total exports of plywood-based products from Malaysia was RM4.71 billion in 2012 (MTIB, 2012) and this industry based exports in Malaysia rises nearly 40% compared to the past ten years. This opportunity can take to produce bio-adhesive. Market analysis The market for bio-adhesive is clearly having a big size. Formulated adhesive consumption in 2009 was 16.6 billion lbs. (worth USD20.6 billion). Volume is forecast to expand at a 4.5% annual rate through 2014. Competitive advantage Bio-adhesive has an advantage over less formaldehyde emission. Formaldehyde based adhesive can harm people. This bio-adhesive is completely free of formaldehyde, which uses renewable plant resources, through the green, no industrial waste emission, low-power processing preparation, to be excellent performances and affordable.