The global demand for Pressure Sensitive Adhesives Market is presumed to reach the valuation of nearlyUSD 20.1 BN by 2030 from USD 13.3 BN in 2022 with a CAGR of 5.3% under the study period of 2023-2030. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030.
Pressure sensitive adhesives (PSA) is a type of non-reactive adhesive as it requires pressure to initiate bonding between the adhesives and the substrate. PSA does not require water, heat or solvent for activation. Additionally, these have enough elasticity and cohesive holding power, that they can be handled and removed from surfaces without leaving a residue.
Market Dynamics
The growing demand for flexible packaging is primarily driving market growth. Rising demand from various end-user industries is again accelerating market growth. However, fluctuating cost of raw materials and stringent government regulations are likely to hamper the market growth. Whereas, increasing demand for bio-based pressure sensitive adhesives and advancement in pressure sensitive adhesive tapes are expected to create potential opportunity during the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of pressure sensitive adhesives.
Market Segmentation
The entire pressure sensitive adhesives market has been sub-categorized into technology, application, resin, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Technology
- Water-based
- Solvent-based
- Hot Melt
- Radiation-Cured (Radiation-Cured Hot Melt, Radiation-Cured Syrup-based)
By Adhesive Chemistry
- Acrylic
- Rubber
- Silicone
- Others
By Product
- Tapes
- Labels
- Graphic Films
- Others
By End-use
- Automotive
- Electronics
- Consumer Goods
- Packaging
- Construction
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for pressure sensitive adhesives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Pressure Sensitive Adhesives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pressure Sensitive Adhesives market include Henkel AG & Co. KGaA, 3M Company, H.B. Fuller, Sika AG, Ashland Inc., Bostik S.A., Pidilite Industries Ltd., Jubilant Industries Ltd., AkzoNobel N.V., Franklin Adhesives & Polymers., DowDuPont Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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