Market Highlights
Pressure sensitive adhesives are non-metallic material used
to bond different materials mainly to their surface through adhesion and
cohesion. Growing trends of bio-based pressure sensitive adhesives drive the
growth of the market. Additionally, increasing demand from various end- use
industries increase the demand of the market. However, fluctuating and high
prices of raw materials, may hamper the growth of the market. Global pressure
sensitive adhesives market appears to be highly fragmented and competitive. The
key strategies traced from the analysis of recent developments of the key
players include product launch, agreement & partnership, acquisition and
expansion.
On the basis of regions, Asia Pacific region dominates the
global pressure sensitive adhesives market, and is expected to grow at the
highest CAGR during the forecast period. Rapid growth in automotive &
packaging industry in Asia Pacific region is the major factor driving the
growth of the market. Additionally, growth in demand in electrical &
electronics industry also fuels the growth of the market. North America is the
second largest market for the pressure sensitive adhesives.
Global pressure sensitive adhesives market is projected to
grow at the CAGR of 6.1% during the forecast period.
Market Research Analysis
Global pressure sensitive adhesives market has been
segmented based on technology, product, End-User, and region. On the basis of
technology, the market is segmented as Water-based, Solvent-based, Hot Melt,
and Radiation. Water-based segment dominates the technology segment of the
market. Water-based PSAs are widely used in varied applications. The growth of
the segment is mainly attributed to the eco-friendly nature of water-based
PSAs, safety associated with their use, and cost-effectiveness. The hot melt
segment is expected to be the fastest-growing technology segment of the
pressure sensitive adhesives market. Increasing application of hot melt
technology in packaging and electronics industries, drives the growth of the
market.
On the basis of product, the market is segmented as labels,
tapes, graphics films and others. Labels dominates the product segment of the
market and is expected to grow at the fastest CAGR during the forecast period.
The growing transportation and logistics industries are the key drivers of
pressure sensitive labels market. With the growth of e-commerce industries,
there is an increased need for warehousing solution. The need for product
authentication, tamper evidence and security features have stimulated the market
for pressure sensitive labels. Tapes form another major segment for the
pressure sensitive adhesives. Growth in healthcare and medical sectors, is the
key driver of pressure sensitive tapes market. Furthermore, the increased
application in sectors such as food & beverages, packaging, construction,
automotive, has led to the growth pressure sensitive tapes. This segment is
expected to contribute significantly during the forecast period.
Base on end-user, the market has been segmented as
packaging, automotive, electrical & electronics industry, consumer Goods
and Others. Packaging dominates the end-user segment of the market. Electrical
& Electronics industry is expected to grow at the fastest CAGR during the
forecast period. Increasing disposable income among the individuals, along with
improving living standards, is driving the demand for electronic products,
which further propels the growth of the market.
Get Report Details @ https://www.marketresearchfuture.com/reports/pressure-sensitive-adhesives-market-5210
Scope of the Report
This study provides an overview of the global pressure
sensitive adhesives market, tracking three market segments across four
geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume and share for North
America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report
also provides a forecast, focusing on the market opportunities for the next six
years for each region. The scope of the study segments the global pressure
sensitive adhesives market by its technology, product, End-User and region.
By Technology
- Water-based
- Solvent-based
- Hot
Melt
- Radiation
By Product
- Labels
- Tapes
- Graphics
Films
- Others
By End-User
- Packaging
- Automotive
- Electrical
& Electronics industry
- Consumer
Goods
- Others
By Region
- North
America
- Asia
Pacific
- Europe
- Rest
of the World
Key Players
The prominent players in the global pressure sensitive
adhesives market include 3M (US), Nitto Denko Corporation (Japan), Tesa SE
(Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada),
Avery Dennison Corporation (US), The DOW Chemical Company (U.S.), Ashland Inc.
(U.S.), H.B. Fuller Company (U.S.), Henkel AG & Company KGaA (Germany),
Collano Adhesives AG (Switzerland), Sika AG (Switzerland), Reflex Labels Ltd.
(U.K.), Jonson Tapes Limited (India), and Advance Tapes International Limited
(U.K.).
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