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.
The Important Elements of Pressure Sensitive Adhesives Market
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 slow down the market growth.
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The 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, and 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 a reduction in operational time.
Based on application, the market is segmented into tapes, labels, graphics, 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 make 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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