Pressure Sensitive Adhesives Market to be Dominated by End-Use through 2028
Increasing demand from
Water-Based technology is expected to drive the Global Pressure Sensitive
Adhesives market in the forecast period 2024-2028
According to TechSci Research
report, “Pressure Sensitive
Adhesives Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F,” the Global Pressure Sensitive Adhesives market is
anticipated to grow impressive rate in the forecast period 2024-2028. For product packaging to remain intact until it is
delivered to the customer, adhesives play a crucial role. Packaging operations
need a reliable adhesive to meet the rising complexity of packaging needs as
the number of new products and product acquisitions rises. Pressure
Sensitive Adhesives offer an efficient method for
getting products ready for the shelf and compliant. Glue sticks provide more of
a risk than pressure-sensitive adhesives. In contrast to glue sticks,
pressure-sensitive adhesives don't need to be heated up. Burns are avoided and
workplace safety is improved because of the lack of heat, which will further
fuel the expansion of the global pressure-sensitive adhesive market.
Additionally, increasing demand for bio-based pressure-sensitive adhesives is
predicted to offer new market demand in the forecast period. Many
pressure-sensitive adhesives manufacturers have been formulating bio-based
holt-melt pressure-sensitive adhesives. Based on the usage and formulation,
they generally contain up to 50% renewable raw materials. Additionally,
various stringent regulations by regulatory bodies such as the United States
Environmental Protection Association (USEPA) and the Leadership in Energy and
Environmental Design (LEED) have compelled vendors in the market to explore new
growth opportunities in bio-based adhesives. As a result, bio-based
pressure-sensitive adhesives are now widely acknowledged as being in high
demand and having a bright future.
Furthermore, the market is
being further stimulated by the extensive use of pressure-sensitive adhesives in electronics,
healthcare, and automobile.
However, the fluctuation
in the cost of raw materials can slow down the market growth. Also, VOCs
contained in some pressure-sensitive adhesives can further slowdown the market
growth.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Pressure Sensitive Adhesives Market.”
Global Pressure-Sensitive
Adhesives Market is segmented based on resin type, technology, application, end
use, region and competitive landscape.
Based on resin type,
the market is categorized into Rubber, Silicone, Polyurethane,
Acrylic, and others. Acrylic is expected to hold the
largest market share in the forecast period 2024-2028. Acrylic
pressure-sensitive adhesives are highly preferred in these end user industries
such as automotive, healthcare, packaging, among others due to their long
shelf-life, environmental resistance, moderate cost, and excellent physical
properties, such as resistance to UV radiation, chemicals, and humidity; good
tack and peel adhesion; high cohesion and curability; thermal stability; and
good shear properties.
Based on technology, the market is fragmented into
Solvent-Based,
Water-Based, and others.
The water-based segment is expected to grow at the highest rate during the
forecast period. This can be attributed to several advantages it offers, such
as green strength, excellent product safety, and reduction in operational time.
Based on application, the
market is segmented into tapes, labels, graphic, and others. Tapes will experience the highest
market share during the forecast period. This can be attributed to the
increasing demand for fine-wire coils, electronic appliances, tablets, and
medical devices..
Based on end use, the
market is categorized into packaging, healthcare, automotive, construction, and
others. The construction
segment will experience the highest market share during the forecast period. This
can be attributed to the increasing demand for roofing tapes, connecting two
wood components.
Major
companies operating in the global pressure sensitive adhesives market are:
3M Co.
Henkel AG & Co KGaA
HB Fuller Co.
Bostik SA
Cattie Adhesive Solutions, LLC
Ashland Inc.
Dyna-Tech Adhesives Inc.
Dow Chemical Co Ltd.
BASF SE
Exxon Mobil Corp.
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“Asia
Pacific region is expected to grow at the highest rate during the forecast
period. Continuing demand for pressure-sensitive
adhesives is anticipated due to the increasing growth of e-commerce, where labels are frequently
included in packing and delivery. Additionally, the sector is expanding due to
quick industrialization and enhanced infrastructure development. Moreover, in
Europe, the increase in demand for these adhesives for use in healthcare and
construction applications are the key factors contributing to the market’s
long-term growth,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Pressure Sensitive Adhesives Market- Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented
By Resin Type (Rubber, Silicone, Polyurethane, Acrylic, Others), By Technology (Solvent-Based,
Water-Based, Others), By Application (Tapes, Labels, Graphic, Others), By End
Use (Packaging, Automotive, Healthcare, Construction, Others), By Region, and
Competition” has evaluated the future
growth potential of global pressure sensitive adhesives market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global pressure sensitive adhesives market.”
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