Pressure Sensitive Adhesives Market Share

The pressure Sensitive Adhesives Market is projected to be worth USD 14.5 Billion by 2030, registering a CAGR of 6.3% during the forecast period (2022–2030).

Market Scope

The Pressure Sensitive Adhesives Market Share is anticipated to expand at 6.3% CAGR over the forecast period. It is primarily driven by the packaging industry and its need to cater to various markets such as food & beverages, e-commerce, and others. Environmental concerns have led to the development of water-based PSAs which adhere to the policies of regulatory bodies. The use of labels in denoting product specifications is expected to widen the prospects of the market.

But increasing prices of raw materials are concerns to manufacturers and may hamper the market growth.

Segmentation

The global pressure-sensitive adhesives market is segmented by technology, product, and end-user.

On the basis of technology, the market is segmented into hot melt, water-based, solvent-based, and radiation. The water-based PSA segment is expected to dominate the market due to its wide use in varied applications. The growth of the segment can be attributed to the eco-friendly nature, safety associated with its use, and cost-effective nature. On the other hand, the hot melt segment is expected to exhibit the fastest growth in the pressure-sensitive adhesives market. The application of hot melt technology in packaging and electronics can drive segment growth.

On the basis of product, the market is segmented into graphics films, labels, tapes, and others. Labels are anticipated to dominate the market and are expected to grow at the fastest CAGR during the forecast period. On the other hand, tapes can contribute to the market due to its preference over fasteners. In addition, increased application across sectors of automotive, food & beverages, packaging, and construction has led to the growth of pressure-sensitive tapes.

End-users targeted in the market include electrical & electronics, consumer goods, automotive, packaging, and others. The packaging segment is expected to be the biggest user of the global pressure-sensitive adhesives market. With the growth of e-commerce, the increased need for warehousing solutions and heightened security of products can drive the need for PSAs.

Get a Free Sample PDF Brochure —  https://www.marketresearchfuture.com/sample_request/5210

Regional Analysis

On the basis of regions, global pressure-sensitive adhesives market has been segmented as North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

APAC can dominate the global pressure-sensitive adhesives market. Rapid growth in the automotive and packaging industries in the region is the major factor of the market. Rising disposable income levels among individuals and easy availability of funds and personal loans can fuel demand for automobiles. China, Japan, India, Australia and Indonesia are major countries contributing in the region. China accounted for the largest share of the pressure-sensitive adhesives in the Asia Pacific due to rapid growth in urbanization and industrialization.

North America is the second-largest market driven by regulatory norms and adherence to anti-emission policies. The U.S. is one of the largest contributors of the region driven by demand in the construction, automotive, and packaging industries.

Competitive Outlook

3M, Advance Tapes International Limited, Collano Adhesives AG, The DOW Chemical Company, Nitto Denko Corporation, Ashland Inc., Lintec Corporation, Tesa SE, Avery Dennison Corporation, H.B. Fuller Company, Intertape Polymer Group, Inc., Jonson Tapes Limited, Henkel AG & Company KGaA, Reflex Labels Ltd., and Sika AG are key players of the pressure sensitive adhesives Segmental Analysis.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com