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:
This Pressure Sensitive Adhesives market study looks at current and emerging industry trends and dynamics in the global Pressure Sensitive Adhesives market. Pressure Sensitive Adhesives Extensive market forecasting for the major market segments is carried out between 2023 and 2029. Extensive Pressure Sensitive Adhesives market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Pressure Sensitive Adhesives market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Pressure Sensitive Adhesives market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Pressure Sensitive Adhesives market environment. Increased demand for Pressure Sensitive Adhesives is driving the market. The Pressure Sensitive Adhesives market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
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, color stability, remarkable anti-aging properties, an excellent blend of cohesiveness and adhesion, remarkable water resistance, and high peel, tack, and shear properties. Their supremacy in the pressure-sensitive adhesives market can be attributed to their strong bonding with polar surfaces like metal, glass, polyesters, and polycarbonates, as well as their outstanding temperature tolerance. These properties make them suitable for a wide range of applications.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
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.
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Pressure Sensitive Adhesives market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Pressure Sensitive Adhesives Market:
The COVID-19 epidemic has had a significant impact on the global Pressure Sensitive Adhesives industry. Pressure Sensitive Adhesives Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Pressure Sensitive Adhesives market to decelerate in 2020. The negative impact of COVID-19 on the Pressure Sensitive Adhesives market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2022, owing to increased demand for Pressure Sensitive Adhesives.
Key Questions Answered in the Pressure Sensitive Adhesives Market Report are:
- Which segment was responsible for the largest share in the Pressure Sensitive Adhesives market?
- How was the competitive scenario of the Pressure Sensitive Adhesives market in 2022?
- Which are the key factors responsible for the Pressure Sensitive Adhesives market growth?
- Which region held the maximum share in the Pressure Sensitive Adhesives market in 2022?
