Pressure-sensitive adhesives market to reach $16.49 billion

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Chicago, Feb. 16 2022 (GLOBE NEWSWIRE) — The pressure sensitive adhesives market is expected to grow at a CAGR of over 6.24% during the period 2021-2027.

KEY HIGHLIGHTS OFFERED IN THE REPORT:

  1. Key drivers of the pressure sensitive adhesives market include growth in automotive & transportation, building & construction, electrical & electronics, medical & healthcare, packaging, etc.
  2. The growth of the construction industry and the increase in automotive production have had a positive impact on the adoption of pressure-sensitive adhesives.
  3. Pressure sensitive adhesives provide superior bond strength and flexibility to any type of substrate. They are widely used in packaging materials and electrical and electronic components due to their ability to provide adhesion even at high environmental pressure.
  4. The packaging industry is the main industry for pressure-sensitive adhesives. Pressure sensitive adhesives are used for transparent packaging and corrugated boxes which are widely used for in-transit deliveries and e-commerce packages.
  5. APAC is the top market for pressure sensitive adhesives and accounted for a revenue share of 47% in 2021. The market is expected to grow at a CAGR of 6% during the forecast period. Growth in the region is attributed to increased demand from automotive, construction, footwear and packaging industries.

SCOPE OF THE PRESSURE SENSITIVE ADHESIVES MARKET REPORT

REPORT ATTRIBUTE DETAILS
MARKET SIZE (REVENUES) $16.49 BILLION (2027)
MARKET SIZE (SHIPPING UNIT) 10.97 MEGATON UNITS (2027)
CAGR MORE THAN 6% (2022-2027)
YEAR OF REFERENCE 2021
FORECAST PERIOD 2022–2027
LARGEST MARKET APAC
MARKET SEGMENTS Technology (water-based, solvent-based, hot melt, radiation cured), formulation (acrylic, rubber, silicone, ethylene vinyl acetate, polyurethane and others), application (tapes, labels, graphics and others) , End User (Packaging, Automotive & Transportation, Building & Construction, Electrical & Electronics, Medical & Healthcare, and Others
GEOGRAPHICAL ANALYSIS North America, APAC, Europe, Latin America, Middle East and Africa
COUNTRIES COVERED United States, Canada, France, Spain, Germany, Italy, United Kingdom, China, India, South Korea, Japan, Indonesia, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa

KEY OFFERS:

  • Market Size and Forecast by Revenue | 2021−2027
  • Market Size and Forecast by Shipment | 2021−2027
  • Market Dynamics – Key Trends, Growth Drivers, Restraints and Investment Opportunities
  • Market Segmentation – A detailed analysis by technology, formulation, application, end user and geography
  • Competitive landscape – 5 key vendors and 20 other vendors

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PRESSURE SENSITIVE ADHESIVES MARKET – SEGMENTATION

  • Solvent-based pressure-sensitive adhesives are more expensive to manufacture and have a longer shelf life. Controlling solvent emissions requires additional processing steps, which increases production costs.
  • The acrylic sub-segment is expected to grow at a CAGR of 6.48 due to the surge in demand for tapes and labels used in applications such as envelopes, decals and medical tapes. Acrylics work well in removable and permanent pressure sensitive adhesives in these applications.
  • Acrylic-type tapes are widely used in industrial applications because they possess natural adhesion and the ability to replace rubber-based tapes. Rubber-based pressure-sensitive tapes tend to yellow when exposed to UV light, but acrylic-based pressure-sensitive adhesives show no signs of yellowing when exposed to UV light. UV light.

By technology

  • water-based
  • Solvent based
  • hot melt
  • Hardened Radiation

By Formulation

  • Acrylic
  • Rubber
  • Silicone
  • Ethylene-vinyl acetate
  • Polyurethane
  • Others

By request

Per end user

  • Packaging
  • Automotive and transportation
  • Building and construction
  • Electrical and Electronic
  • Medical and healthcare
  • Others

PRESSURE SENSITIVE ADHESIVES MARKET – DYNAMIC

The need for environmentally friendly alternatives will fuel the demand for bio-based adhesives in the near future. Many pressure-sensitive adhesive manufacturers have formulated bio-based hot-melt pressure-sensitive adhesives. Based on use and formulation, they typically contain between 20% and 50% renewable raw materials. Additionally, various stringent regulations imposed by regulatory bodies such as the United States Environmental Protection Association (USEPA) and Leadership in Energy and Environmental Design (LEED) have compelled the vendors in the market to explore new opportunities for growth in terms of biobased adhesives. Thus, bio-based pressure sensitive adhesives are now recognized worldwide as the need of the hour and have demonstrated enormous potential in the future.

KEY DRIVERS AND TRENDS FUELING MARKET GROWTH:

  • Increasing use of pressure-sensitive adhesives in tapes
  • Ease of use and low costs associated with pressure sensitive adhesives
  • Unprecedented growth in the e-commerce market
  • Growing popularity of sustainable packaging

PRESSURE SENSITIVE ADHESIVES MARKET – GEOGRAPHY

In 2021, APAC became the top consumer of pressure sensitive adhesives and accounted for a revenue share of $5,359.92 million. China, India and Japan are the main contributors to the region. Moreover, the region is expected to witness the fastest growth with a CAGR of 6.38% during the forecast period. Factors such as high increase in foreign investment, growth in manufacturing, low labor and raw material costs have contributed to the growth of the market. In addition, the growing middle class population and rising standard of living in APAC countries is fueling the rise of construction, packaging, furniture, and automotive industries, which which is driving the demand for pressure sensitive adhesives.

Get your sample today! https://www.arizton.com/market-reports/pressure-sensitive-addhesive-market

By geography

  • North America
  • Europe
    • France
    • Spain
    • Germany
    • Italy
    • UK
  • APAC
    • China
    • Japan
    • South Korea
    • Japan
    • Indonesia
  • Latin America
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • United Arab Emirates

Main suppliers

  • 3M
  • Company Overview
  • Product offers
  • Key Strategies
  • Main forces
  • Key Opportunities
  • B.Fuller
  • Arkema
  • Henkel
  • DOW

Other Important Suppliers

  • Avery Denison
  • Company Overview
  • Product offers
  • Helmitin
  • Dymax
  • Franklin International
  • Beardo Adams
  • Jowat
  • Mapei
  • Pidilitis
  • Sika
  • Wacker Chemie AG
  • Anabond
  • Drytac
  • Jesons Industries
  • Chemical Esters
  • Delo
  • Dyna-tech adhesives
  • Cattie Adhesives
  • Scapa Industrial
  • Lintec
  • ExxonMobil Chemical

Explore our chemicals and materials profile to learn more about the industry.

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