Description
Pressure sensitive adhesives belong to those categories of adhesives which have the ability to adhere to different substrates when pressure is applied on their surface. Polar attraction to the surface of a substrate is the primary bonding mode of pressure sensitive adhesives. For manufacturing of pressure sensitive adhesives, several adhesive systems, namely, solvent based and hot melt are utilized. In case of solvent-based systems, adhesive ingredients are suspended in solvent. On the other hand in case of hot melts, thermoplastic rubbers are compounded with tackifiers, oils and antioxidants. Pressure sensitive adhesives have the property of remaining viscous and do not solidify. They are thus permanently tacky. Such adhesives possess the ability to wet surfaces with which they come in contact. These adhesives are not considered true solids. The reason behind this being that their strength decreases with an increase in temperature.
Global Pressure Sensitive Adhesives Market has been valued at $8,408 million in 2016. The market is expected to garner $12,963 million by 2023, registering a CAGR of 6.4%
End-user/Technology
Globally, the packaging segment has emerged as the leading end-user segment of acrylic pressure sensitive adhesives. This is due to the essential role that packaging plays in logistics.
Market Dynamics
The major factors driving the market for global acrylic pressure sensitive adhesives are high demand for PSAs in Asia-Pacific, growth in flexible packaging industry, product innovation and rising demand for lightweight and low-emission automobiles. In addition to these factors, the growth is also driven by wide application scope in transportation, security, food & beverage and health & beauty industries.
Market Segmentation
The global pressure sensitive adhesives market is segmented as below-
• On the basis of Technology
• Radiation
• Hot melt
• Water based
• Solvent based
• On the basis of Chemistry
• Silicone
• Acrylic
• Rubber
• On the basis of Application
• Labels
• Graphics
• Tapes
• On the basis of End-Use Industry
• Building and Construction
• Medical and Healthcare
• Automative and Transportation
• Packaging
Regional/Geographic Analysis
The Asia-Pacific region has emerged as the largest regional segment of the global acrylic pressure sensitive adhesive market due to rapid rise in industrial and infrastructural developments. Other major regional players are North America, South America, Europe and Middle East & Africa
Opportunities
The rising acceptance of bio-based PSAs across globe is expected to offer huge opportunity for market growth. The global market has robust opportunities owing to advancements in packaging technologies along with the increasing use of flexible packaging materials. Also, fast industrialization and increasing infrastructural developments in Asia Pacific region has huge potential for this market to grow exponentially.
Key Players
Some of the key players of the global acrylic pressure sensitive adhesives market are Sika AG, The DOW Chemical Company, Arkema Group, The 3M Company, Scapa Group PLC, Hexion, Henkel AG & Co. KGaA, Drytac, H.B. Fuller, Avery Dennison Corporation, DOW Corning, Ashland Inc., Avery Dennison Corp., , Alfa International Corporation and Adhesive Technologies Inc. (AdTech).
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
