Pressure Sensitive Adhesives Market: size was valued at USD 1.47 Bn. in 2022 and the total Pressure Sensitive Adhesives revenue is expected to grow at a CAGR of 6.8% from 2023 to 2029, reaching nearly USD 2.33 Bn.
Pressure Sensitive Adhesives Market Overview:
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Pressure Sensitive Adhesives Market: When pressure-sensitive adhesives (PSAs) are dry and at room temperature, they are sticky and tacky. They create a bind by combining flow and flow resistance. Other adhesives (often referred to as “structural adhesives”), on the other hand, create an adhesive bond only after they have hardened (via a chemical or physical process). At room temperature, PSAs are tacky (sticky) in their dry form and create a bond by combining resistance to flow with flow.
Segmentation:
by Chemistry
Acrylic
Rubber
Silica
EVA
Others
In 2022, the Acrylic category led the market and held the greatest market share based on Chemistry. Over the projection period, this segment is anticipated to grow at a compound annual growth rate of 6.3%. Rubber PSAs are not as durable and flexible as acrylic PSAs.
Acrylics exhibit remarkable resistance to environmental factors, a rapid drying time, remarkable resilience against oxidation, temperature changes, and ultraviolet radiation, colour stability, remarkable anti-aging properties, an excellent blend of cohesiveness and adhesion, remarkable water resistance, and high peel, tack, and shear properties. They dominate the pressure-sensitive adhesives market because of their superior temperature resistance and powerful bonding with polar surfaces like metal, glass, polyesters, and polycarbonates. These qualities make them suitable for usage in a variety of applications.
by Technology
Water-based
Solvent-based
Hot Melt
Radiation
by Application
Labels
Tapes
Graphics
Others
by End-User
Packaging
Electronics
Automotive & Transportation
Medical & Healthcare
Others
According to end users, the packaging sector led the market in 2022 with the largest market share of over 38.4%, and it is anticipated that it would continue to lead by the end of the forecast period. Adhesives are crucial in ensuring that product packaging remains intact until it is delivered to the customer. Packaging operations need a reliable adhesive to manage the higher volume of new goods and product proliferation, which results in more complex packaging requirements.
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Key Players:
The Market competitive landscape Pressure Sensitive Adhesives gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in RD, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms’ concentration on the Pressure Sensitive Adhesives sector. These are the main players-
1. Henkel AG & Co. KGaA
2. 3M
3. Avery Dennison Corp.
4. H.B. Fuller
5. Arkema Group
6. Sika AG
7. RPM International Inc.
8. LINTEC Corp.
9. Illinois Tool Works Inc.
10.Huntsman Corp.
11.DuPont
12.Wacker Chemie AG
13.Berry Global Inc.
14.Pidilite Industries Ltd.
15.Nan Pao Resins Chemical Co., Ltd.
16.Jowat SE
17.Mactac
18.Ashland Performance Adhesives
19.DELO Industrial Adhesives
20.General Sealants, Inc.
21.The DOW Chemical Company
22.Scapa Group PLC
23.Additional Companies
24.LG Chem
25.SABIC
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Regional Analysis:
The country portion of the Pressure Sensitive Adhesives Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.
COVID-19 Impact Analysis on Pressure Sensitive Adhesives Market:
A detailed study of Covid-19 impacts the Pressure Sensitive Adhesives Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Pressure Sensitive Adhesives Market segments.
Key Questions answered in the Pressure Sensitive Adhesives Market Report are:
- At what growth rate is the Pressure Sensitive Adhesives Market evolving?
- Who are the major Market giants operating in the global Pressure Sensitive Adhesives Market?
- Which application segment of the Pressure Sensitive Adhesives Market is observing the fastest growth?
- What is the primary driving factor of the global Pressure Sensitive Adhesives Market?
