Pressure Sensitive Adhesives Market Research Insights 2022-28
The global pressure sensitive adhesives market size was valued at USD 9.8 billion in 2021 and is anticipated to grow to 12.9 billion by 2028 recording a CAGR of 6.1% during the forecast period 2022-2028. Pressure Sensitive Adhesives are non-reactive self-adhesive adhesives that attach to a variety of substrates when pressure is applied. It has a high viscosity, which causes it to stick to moist surfaces when it comes into contact. The pressure-sensitive adhesive's binding capacity is solely determined by its polar attraction to the substrate's surface. The adhesive can be activated without the use of water, solvents, or heat. It's used a lot in the packaging, consumer electronics, automotive, and construction industries. The market is divided into Graphic Films, Labels, Tapes, and Others, depending on the product. The market is divided into four categories based on technology: Radiation-Cured, Hot Melt, Solvent-Based, and Water-Based.
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The market for pressure-sensitive adhesives is growing due to rising demand for lightweight, low-emission vehicles. In the automotive industry, polymer-based and hot adhesives are commonly utilised for panel laminations and trim. The automobile industry's need for such adhesives is likely to grow as people become more conscious of low-weight vehicles that have higher fuel efficiency and reduced emissions. As a result, market development is likely to be aided by rising demand for fuel-efficient automobiles. Pressure-sensitive adhesives are expected to gain in popularity as miniaturisation of electronic devices also including portable computers, smart phones, and tablets becomes more prevalent. One of the most well-known examples of electronic device miniaturisation is the smartphone. Demand for these kinds of electronic devices is increasing as disposable income rises and the urban population grows. As a result of the increased popularity of miniaturisation in electronic gadgets, pressure-sensitive adhesives are predicted to grow at a faster rate.
The global pressure sensitive adhesives market segmentation:
1) By Technology: Hot Melt, Radiation, Solvent-based, Water-based and Others.
2) By Resin: Silicones, Elastomers, Acrylics and Other Resins.
3) By Application: Graphics, Labels, Tapes and Other Applications.
4) By End User: Commercial Graphics, Electronics, Medical, Packaging, Transportation, Woodworking and Joinery and Other End-user Industries.
In terms of revenue, the Asia Pacific pressure sensitive adhesive industry is expected to account for a significant portion of the worldwide pressure sensitive adhesive market. Furthermore, the Asia Pacific market is expected to rise at a quicker rate in terms of revenue over the next ten years, owing to increased demand from the automotive, healthcare, and electronics industries in Asia Pacific countries. Furthermore, increased public manufacturing investments in the Asia Pacific region, as well as expanding demand from different end application industries, are expected to propel the Asia Pacific market forward in the coming years. In terms of revenue, India's market is expected to account for a moderate part of the Asia Pacific market.
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Some of the major key players in the Pressure Sensitive Adhesives Market are 3M (US) Advance Tapes International Limited (U.K.) Ashland Inc. (U.S.) Avery Dennison Corporation (US) Collano Adhesives AG (Switzerland) B. Fuller Company (U.S.) Henkel AG & Company KGaA (Germany) Intertape Polymer GroupInc. (Canada) Jonson Tapes Limited (India) Lintec Corporation (Japan) Nitto Denko Corporation (Japan) Reflex Labels Ltd. (U.K.) Sika AG (Switzerland) Tesa SE (Germany) The DOW Chemical Company (U.S.)
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