The Global Pressure Sensitive Adhesives Market Size is valued at 13.80 billion in 2023 and is predicted to reach 21.55 billion by the year 2031 at a 5.81% CAGR during the forecast period for 2024-2031.
Pressure Sensitive Adhesives, often known as self-stick adhesives, bind two similar or dissimilar surfaces together when pressure is applied. These adhesives do not require heat, solvent, or water activation to deliver holding force to a variety of materials. They can match a wide range of substrates and are either removable or permanent. Due to their reassurance of use and low cost, pressure-sensitive adhesives are expected to stimulate the demand for the miniaturization of electronic devices such as smartphones, PCs, and tablets. As a result of rising disposable income, the popularity and demand for such technological devices are propelling pressure adhesives market expansion.
However, the COVID-19 epidemic had a negative impact on the pressure-sensitive adhesives business. Automotive, electronics, building and construction, consumer goods, and other industries are major users of pressure-sensitive adhesives. The demand for PSAs from the automotive sector has decreased due to the detrimental impact on the industry. Disruption in value chain analysis, for example, has impacted large-scale businesses in the automobile sector.
Recent Developments:
- In February 2021, Toyochem Co., ltd., the polymers and coatings division of Tokyo Ink Group in Japan, launched its Oribian brand of acrylic adhesive solutions. This solution is a new pressure sensitive adhesive line designed for use in the healthcare industry.
Competitive Landscape:
Some of the pressure-sensitive adhesives market players are:
- Advance Tapes International Limited (U.K.)
- Arkema Group
- Ashland, Inc
- Avery Dennison Corporation
- Fuller Company (U.S.)
- Beardow Adams (Adhesives) Limited
- Collanos Adhesives AG (Switzerland)
- DowDuPont, Inc. (Dow Corning)
- Evonik Industries AG
- Franklin International, Inc
- B. Fuller
- Henkel AG & Company KGaA (Germany)
- Intertape Polymer Group
- Jonson Tapes Limited (India)
- LG Chem Ltd.
- Lintec Corporation (Japan)
- Mactac Performance Adhesive Group
- Mapei SpA
- Momentive Performance Materials
- Nitto Denko Corporation (Japan)
- Powerband Industries Pvt. Ltd.
- Reflex Labels Ltd. (U.K.)
- Sika AG
- Tesa S.E. (Germany)
- The 3M Company
- The DOW Chemical Company (U.S.)
- Wacker Chemie AG
Market Segmentation:
The pressure-sensitive adhesives market is segmented on the basis of technology, product, application, and sector. Based on technology, the market is categorized as water-based, solvent-based, hot melt, and UV cured. The products segment includes rubber-based, acrylic-based, silicone-based, and other. By application, the market is categorized into tapes, labels, graphics, films & laminates, and others. The applications segment includes food & beverage, packaging, electronics & laminates, medical & healthcare, building & construction, automotive & transportation, and other.
Based On Technology, The Water-Based Segment Is Accounted As A Major Contributor In The Pressure Sensitive Adhesives Market
The water-based category is expected to hold a major share of the global Pressure Sensitive Adhesives Market in 2024. This is due to the fact that water-based pressure-sensitive adhesives are made from a combination of water, polymers, and additives. It is best suited to porous and non-purpose substrates. Furthermore, several types of monomers can be utilized to obtain desired qualities such as peel strength, shear strength, and tackiness during the formation of water-based PSAs. Tapes, labels, paper, packaging, and woodworking use water-based pressure-sensitive adhesives.
The Packaging Segment Recorded Growth At A Rapid Rate
The packaging care segment is projected to grow at a rapid rate in the global pressure-sensitive adhesives market since pressure-sensitive adhesives function as a catalyst for the packaging industries since they provide various benefits such as less retention time, no physical transformation or chemical reaction, and others, all of which save time and boost production.
Asia Pacific, Pressure Sensitive Adhesives Market, Holds A Significant Revenue Share In The Region
Asia Pacific Pressure Sensitive Adhesives Market is expected to register the highest market share in revenue in the near future. This is due to increased infrastructure activity in nations such as India and China. Furthermore, the demand for pressure-sensitive adhesives will increase as the need for building chemicals rises. Again, rising demand for low volatile organic compound (VOC) content adhesives from China, Japan, and India drives demand for water-based pressure-sensitive adhesives. Adopting transparent and film labels, shrink-wrap labels for makers of fast-moving consumer goods (FMCG), flexible labels, and colorful wrap-around labels in North America is expected to boost the market. The pressure-sensitive adhesives market is yet in its earlier stages of development, and it has a greater potential for growth in the future.
Pressure Sensitive Adhesives Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 13.80 Bn |
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Revenue forecast in 2031 |
USD 21.55 Bn |
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Growth rate CAGR |
CAGR of 5.81% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, Volume (KT), and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Packaging Type, Printing Technology, Embellishing Type, And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Avery Dennison Corporation, H. B. Fuller, Arkema Group, Henkel AG & Co. KGaA, The 3M Company, Sika AG, DowDuPont, Inc. (Dow Corning), Momentive Performance Materials, Wacker Chemie AG, LG Chem Ltd, Evonik Industries AG, Mapei SpA, Ashland, Inc, Beardow Adams (Adhesives) Limited, Franklin International, Inc, Mactac Performance Adhesive Group, and Powerband Industries Pvt. Ltd. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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