Pressure Sensitive Adhesives Market

Pressure Sensitive Adhesives Market by Technologies (Waterborne, Solvent-borne, Hot Melt, and Radiation Cured), Resins (Acrylic, Silicone, Elastomer, and Other Resins), Applications (Tapes, Label, Graphics, and Other Applications), End-user industries (Packaging, Woodworking and Joinery, Medical, Commercial Graphics, Transportation, Electronics, and Other End-user Industries) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1102
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 183
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The global pressure sensitive adhesives market size was valued at USD 9.9 billion in 2020 and is expanding at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising development of low-cost flexible packaging.
 

Pressure Sensitive Adhesives Market Key Takeaways


Pressure-sensitive adhesives are those that stick to a variety of substrates when pressure is applied to them. Pressure-sensitive adhesives' principal bonding mode is based on polar attraction to a substrate's surface. Pressure-sensitive adhesives are made with a variety of adhesive methods, including solvent-based and hot melt. Adhesive components are suspended in a solvent in solvent-based systems, whereas thermoplastic rubbers are combined with oils, tackifiers, and antioxidants in hot melts. Pressure-sensitive adhesives are fluid and do not harden, thus they are always sticky and can moisten surfaces with which they come into touch. Because these adhesives are not real solids, their strength is reduced.

Market Trends, Drivers, Restraints, and Opportunities

  • Product innovation and expansion in the flexible packaging industry is estimated to spur market growth in the coming years.
  • Shrinking of electronic devices and an increase in demand for radio frequency identification (RFID) and luminous labels in the medical industry is anticipated to boost market expansion during the forecast period.
  • Environmental laws governing VOC emissions are projected to hinder market growth.
  • Adoption of bio-based pressure sensitive adhesives is expected to offer immense opportunities for the market players.

Scope of the Report

The report on the global pressure sensitive adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Pressure Sensitive Adhesives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Waterborne, Solvent-borne, Hot Melt, and Radiation Cured), Resins (Acrylic, Silicone, Elastomer, and Other Resins), Applications (Tapes, Label, Graphics, and Other Applications), and End-user industries (Packaging, Woodworking and Joinery, Medical, Commercial Graphics, Transportation, Electronics, and Other End-user Industries)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Avery Dennison Corporation, Arkema Group, The Dow Chemical Company, Henkel AG & Co. KGaA, The 3M Company, H.B. Fuller Company, Sika AG, Collano Adhesives AG, Ashland Inc., and LG Chem Ltd.

 

Market Segment Insights

Waterborne segment is projected to account for a large market share
Based on technologies, the pressure-sensitive adhesives market is bifurcated into waterborne, solvent-borne, hot melt, and radiation cured. The waterborne segment is expected to constitute a key share of the market during the forecast period owing to the medical and packaging sectors driving demand.
 

Pressure Sensitive Adhesives Market By Technologies


Acrylic segment is expected to expand at a robust pace
On the basis of resins, the pressure-sensitive adhesives market is divided into acrylic, silicone, elastomer, and other resins. The acrylic segment is expected to represent a key share of the market in the coming years owing to its great resistance to oxidation, temperature, and UV radiation, color stability, exceptional anti-ageing characteristics, a good balance of adhesion and cohesiveness with superior water resistance, and high peel, tack, and shear. They are excellent for usage in a variety of applications because of their high-temperature resistance and strong bonding with polar surfaces such as metal, glass, polyesters, and polycarbonates, which is why they have such a large part of the pressure-sensitive adhesives market.

Tapes segment is anticipated to register at a rapid CAGR
In terms of applications, the pressure-sensitive adhesives market is segregated into tapes, label, graphics, and other applications. The tapes segment is expected to hold a key share of the market in the coming years owing to its simplicity of usage and low cost as compared to previous techniques.

Packaging segment is projected to constitute a key market share
Based on end-user industries, the pressure-sensitive adhesives market is divided into packaging, woodworking and joinery, medical, commercial graphics, transportation, electronics, and other end-user industries. The packaging segment is expected to account for a key share of the market during the forecast period owing to ensuring that the product packaging is in good condition till it is delivered to the customer. Packaging operations require a dependable adhesive to fulfil the increasingly complicated packaging demands as the number of new goods and product proliferation increases.

PSAs provide a quick approach to get items compliant and ready to sell. Pressure-sensitive adhesives are more discreet than conventional tape and safer than glue sticks. Pressure-sensitive adhesives, unlike glue sticks, do not require heat for application. The lack of heat prevents plant employees from getting burned and enhances their safety.

Asia Pacific is anticipated to dominate the market
On the basis of regions, the pressure-sensitive adhesives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market CAGR during the forecast period. The regional market growth can be attributed to the increasing need for tapes and labels.

Over 80% of the demand for pressure-sensitive adhesives comes from China, India, Japan, and South Korea. China is a significant supplier of adhesive goods (tapes, labels, etc.), and the majority of its clients are concerned about the product's quality, the vendor's product variety, and decreasing adhesive dosage and waste. As a result, multinational players now have a monopoly on the Chinese market for pressure-sensitive adhesives. The same motive motivates people to stay in their hometown.
 

Pressure Sensitive Adhesives Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pressure Sensitive Adhesives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Pressure Sensitive Adhesives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Pressure Sensitive Adhesives Market - Supply Chain
  4.5. Global Pressure Sensitive Adhesives Market Forecast
     4.5.1. Pressure Sensitive Adhesives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Pressure Sensitive Adhesives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Pressure Sensitive Adhesives Market Absolute $ Opportunity
5. Global Pressure Sensitive Adhesives Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Pressure Sensitive Adhesives Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Pressure Sensitive Adhesives Demand Share Forecast, 2019-2026
6. North America Pressure Sensitive Adhesives Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Pressure Sensitive Adhesives Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Pressure Sensitive Adhesives Demand Share Forecast, 2019-2026
7. Latin America Pressure Sensitive Adhesives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Pressure Sensitive Adhesives Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Pressure Sensitive Adhesives Demand Share Forecast, 2019-2026
8. Europe Pressure Sensitive Adhesives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Pressure Sensitive Adhesives Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Pressure Sensitive Adhesives Demand Share Forecast, 2019-2026
9. Asia Pacific Pressure Sensitive Adhesives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Pressure Sensitive Adhesives Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Pressure Sensitive Adhesives Demand Share Forecast, 2019-2026
10. Middle East & Africa Pressure Sensitive Adhesives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Pressure Sensitive Adhesives Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Pressure Sensitive Adhesives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Pressure Sensitive Adhesives Market: Market Share Analysis
  11.2. Pressure Sensitive Adhesives Distributors and Customers
  11.3. Pressure Sensitive Adhesives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Avery Dennison Corporation
     11.4.2. Arkema Group
     11.4.3. The Dow Chemical Company
     11.4.4. Henkel AG & Co. KGaA
     11.4.5. The 3M Company
     11.4.6. H.B. Fuller Company

Segments Covered in the Report
The global pressure-sensitive adhesives market has been segmented on the basis of

Technologies

  • Waterborne
  • Solvent-borne
  • Hot Melt
  • Radiation Cured

Resins

  • Acrylic
  • Silicone
  • Elastomer
  • Other Resins

Applications

  • Tapes
  • Label
  • Graphics
  • Other Applications

End-user industries

  • Packaging
  • Woodworking and Joinery
  • Medical
  • Commercial Graphics
  • Transportation
  • Electronics
  • Other End-user Industries

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Avery Dennison Corporation
  • Arkema Group
  • The Dow Chemical Company
  • Henkel AG & Co. KGaA
  • The 3M Company
  • H.B. Fuller Company
  • Sika AG
  • Collano Adhesives AG
  • Ashland Inc.
  • LG Chem Ltd.

Key players competing in the pressure-sensitive adhesives market include Avery Dennison Corporation, Arkema Group, The Dow Chemical Company, Henkel AG & Co. KGaA, The 3M Company, H.B. Fuller Company, Sika AG, Collano Adhesives AG, Ashland Inc., and LG Chem Ltd.

 

Pressure Sensitive Adhesives Market By Key Players

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