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Pressure Sensitive Adhesives Market Research Report - Global Forecast to 2023

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Pressure Sensitive Adhesives Market, By Technology (Water-based, Solvent-based, Hot Melt, and Radiation), By Product (Labels, Tapes, Graphics Films and Others), End-User (Packaging, Automotive, Electrical & Electronics industry, Consumer Goods and O
Market Research Future published a research report on “Pressure Sensitive Adhesives Market
Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to
2023.
Pressure Sensitive Adhesives Market, By Technology (Water-based, Solvent-based, Hot Melt, and
Radiation), By Product (Labels, Tapes, Graphics Films and Others), End-User (Packaging, Automotive,
Electrical & Electronics industry, Consumer Goods and Others) and Region - Forecast To 2023
Market Scenario
Pressure sensitive adhesives are non-metallic materials used to bond different materials, mainly to
their surface through adhesion and cohesion. The global market of pressure sensitive adhesives is
booming and is expected to gain prominence over the forecast period. The global pressure sensitive
adhesives market is forecast to demonstrate an exponential growth by 2023, surpassing its previous
growth records in terms of value with a whooping, digit CAGR of 6.1% during the estimated period
(2017 – 2023).
On the basis of regions, global pressure sensitive adhesives market has been segmented as North
America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific region dominates the global
pressure sensitive adhesives market. Rapid growth in automotive & packaging industry in Asia Pacific
region is the major factor driving the growth of the market. Rising disposable income among
individuals and easy availability of funds and personal loans, have prompted the demand for
automobiles in the region. Additionally, growing demand in electrical & electronics industry also fuels
the growth of the market. China, Japan, India, Australia and Indonesia are the major markets in Asia
Pacific region. China accounts for the largest share of the pressure sensitive adhesives in the Asia
Pacific, mainly due to rapid growth in urbanization and industrial development.
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North America is the second largest market for the pressure sensitive adhesives. Stringent regulations
regarding VOC emission along with fuel efficiency norms, drive the growth of the market in the region.
U.S. accounted for the largest market share in North America. Europe is another major market for the
pressure sensitive adhesives. It is expected to contribute, significantly, during the forecast period. In
rest of the world, countries such as UAE and Brazil are witnessing high industrial growth, which propels
the growth of the market. Also, high investments in construction and automotive sectors, boost to the
growth of the market.
Global pressure sensitive adhesives market has been segmented based on technology, product, EndUser, 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 costeffectiveness. 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 end use industry, drive 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. 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. The tape is another major product for the
pressure sensitive adhesives. Growth in healthcare, and medical are the key drivers of pressure
sensitive tapes market. Furthermore, increased application, across 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.
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Global pressure sensitive adhesives market appears to be highly fragmented and competitive, owing
to the presence of numerous large and small players active in regional market. The key strategies
traced from the analysis of recent developments of the key players include product launch,
agreement & partnership, acquisition and expansion. On the product and sales side, companies are
investing in innovation/R&D, brand building, and fostering strong relationships with customers to
support their competitive position.
Hence, global pressure sensitive adhesives market is expected to grow at a CAGR of 6.1% during the
forecast period.
Key Players
The prominent players in the 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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Author
Monica Nerkar
Monica Nerkar599   documents Email
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Business and Leadership
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Pressure Sensitive Adhesives, pressure
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