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Emulsion Pressure Sensitive Adhesive Market

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The research report by Emulsion Pressure Sensitive Adhesive Market is segmented by Polymer Type, by Application, by End-use Industry and by Region – Size, Share, Outlook and Opportunity Analysis, 2015 - 2026
Emulsion Pressure Sensitive Adhesive
Market – Size, Share, Outlook and
Opportunity Analysis 2015 - 2026
Pressure sensitive adhesives adhere on surfaces on application of pressure. Emulsion
pressure sensitive adhesives consists of emulsion polymers including acrylics, polyvinyl
acetate, and ethylene vinyl acetate. It is commonly used in labelling, tapes, and
packaging.
Ethylene vinyl acetate and polyvinyl acetate segments held significant market share in
2017 in the global emulsion pressure sensitive adhesives market. They are widely used
in construction, paperboard packaging, envelopes, and labels, owing to its advantages
such as low cost and non-toxicity.
Acrylic polymers segment is gaining traction in the global pressure sensitive adhesive
market due to its advantages such as high tack and peel strength, good mechanical
stability, and cohesive strength. They are widely used in envelopes, decal, label
applications, and medical tapes.
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Market Dynamics
Emission of volatile organic compounds are low in emulsion pressure sensitive
adhesives, as compared to solvent-based pressure sensitive adhesives. Volatile organic
compounds are toxic to environment and human health. Moreover, regulatory bodies
such as the U.S. Environment Protection Agency and European Commission has
stringent regulations on volatile organic compound emissions. For instance, Directive
1999/13/EC of the European Commission limits the emission of volatile organic
compounds. Increasing environment concern and regulations is a major factor driving
growth of the global emulsion pressure sensitive adhesive market.
Advantages of emulsion pressure sensitive adhesives such as ease of handling,
non-flammable, free of organic solvent, environmentally compliant, and cost-effective is
aiding in growth of this market, globally.
Growing demand for emulsion pressure sensitive adhesives in labelling and packaging
is propelling growth of the global emulsion pressure sensitive adhesives market.
According to Coherent Market Insights, e-commerce packaging market was valued at
US$ 21.43 billion in 2016 and is expected to surpass US$ 33.89 billion by 2025. This
growth in the e-commerce packaging industry is increasing demand for various
packaging materials including emulsion pressure sensitive adhesives, thereby driving
the market growth globally.
Market Outlook
Asia Pacific is expected to be the fastest growing emulsion pressure sensitive adhesive
market over the forecast period (2019-2026). This is attributed to increasing demand for
emulsion pressure sensitive adhesives from packaging industry, especially in India and
China. According to the Indian Institute of Packaging (IIP), packaging industry in India is
estimated to reach US$ 73 billion by 2020 from US$ 32 billion in 2015.
Increasing demand from end-use industries such as construction, automobile, and
healthcare is aiding in growth of the emulsion pressure sensitive adhesive market in
Asia Pacific. According to the International Organization of Motor Vehicle Manufacturers
(OICA), sales of new vehicles in China was 28 million units in 2016, which increased to
29 million units in 2017.
Key Players
Key players operating in the global emulsion pressure sensitive adhesive market
include Avery Dennison Corporation, Ashland Global Specialty Chemicals Inc.,
Dyna-Tech Adhesives Inc., Arkema Group, 3M Company, H.B. Fuller Company,
Franklin International, Inc., and Powerband Industries Pvt. Ltd. among others.
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aniket
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