The market research report “Pressure Sensitive Adhesives Market Size By Technology (Water Based, Solvent Based, Hot-Melt, UV-Cured), By Product (Rubber-Based, Acrylic, Silicone), By Application (Tapes, Labels, Graphics, Films & Laminates), By End-User (Food & Beverage, Packaging, Electronics & Laminates, Medical & Healthcare, Building & Construction, Automotive & Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Pressure Sensitive Adhesives Market size will likely surpass USD 9.5 billion by 2024; driven by increasing use of tapes and labels in automotive & transportation sector.
Pressure sensitive adhesives market is most likely to witness growth during the study period due to the developments in the PSA tape technologies. The innovations in the tape technologies have enabled the manufacturers to offer notable performance and assembly-related features, including the capacity to resist high temperatures, severe environments & to bond firmly with different substrates and materials. They also provide an economical option for the firms to cut down the total cost involved in assembly and reduces time-consuming activities and requirement of cumbersome equipment. PSA is also highly being used in the automotive sector owing to their ability to exhibit excellent high temperature characteristics and robust resistance to harsh substances and materials. They are majorly used for substituting mechanical fasteners, automobile attachments, and removing holes which could allow wetness or fluids to enter and lead to rust
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Pressure sensitive adhesives are superior products with multi-purpose applications which makes it more expensive. This product also has a negative impact on the production efficiency of paper recycling process as certain PSA materials are difficult to remove during the recycling process. They deposit on equipment and are retained in the product which hampers the operations. These issues could have a considerable effect on the pressure sensitive adhesives market and could limit the industry growth during the study period.
Hot-melt PSA portray environment friendly and fast setting features. These are 100% solid adhesives which are applied in molten state in room temperature to achieve flow and wetting. This technology is widely used in industries including textile lamination, book-binding, construction, woodworking, automotive, electronics, shoemaking, product assembly, packaging, hygiene etc. This technology section of the pressure sensitive adhesives market is likely to propel at a compound annual growth rate approximately 5.4% in the study period.
Silicone is an important product type of the pressure sensitive adhesives market which can withstand extreme temperatures and has chemical resistance. This relatively expensive product is frequently applied to products like glass cloth and aluminum foils so that they are appropriate for extreme temperature applications.
Graphics is an important application section of the pressure sensitive adhesives industry which is expected to develop at a rate of approximately 4.5% during the study period. Graphics consists of signage, vehicle wraps, logos & emblems, carpets & mats, floors etc.
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Food & beverage industry is a significant end-user section of the market which is expected to propel at a compound annual growth rate of approximately 5% in the study period. The reason behind the prominence of PSA in food & beverage sector is that certain has adhesives have gained FDA approval to be used as food contact applications like labels and tapes on the food items.
North America pressure sensitive adhesives market value is likely to cross USD 2 billion by 2024. Availability of numerous products and technology types of the market for various industries makes it a more reliable choice in the region.
Some of the key product manufacturing companies of the market include Bostik, Dow Dupont, Evonik Industries, Avery Dennison, Henkel, Arkema, Sika, HB Fuller etc. Large number of small and medium scale local manufacturers are also part of the market.
Browse key industry insights spread across 230 pages with 321 market data tables & 25 figures & charts from the report, “Pressure Sensitive Adhesives Market” in detail along with the table of contents:
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The pressure sensitive adhesives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2024, for the following segments:
By Technology
Water-based
Solvent-based
Hot melt
UV-cured
Product by Application
Rubber-based
Tapes
Labels
Graphics
Films & Laminates
Others
Acrylic
Tapes
Labels
Graphics
Films & Laminates
Others
Silicone
Tapes
Labels
Graphics
Films & Laminates
Others
Others
Tapes
Labels
Graphics
Films & Laminates
Others
By Application
Tapes
Labels
Graphics
Films & Laminates
Others
By End-user
Food & Beverage
Packaging
Electronics & Laminates
Medical & Healthcare
Building & Construction
Automotive & Transportation
Others
The above information is provided on a regional and country basis for the following:
North America
U.S.
Canada
Europe
Germany
UK
France
Spain
Italy
Russia
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Latin America
Brazil
Mexico
MEA
South Africa
GCC
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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