Pressure Sensitive Adhesives Market Size, Share and Forecast 2018-2023

Pressure Sensitive Adhesives Market Global Size, Industry Trends, Share, Major Players and Forecast to 2023

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Pressure Sensitive Adhesives Market Pressure Sensitive Adhesives Market : Global Size, Industry Trends, Share, Major Players and Forecast to 2023

Pressure sensitive adhesives are non-metallic material used to bond different materials mainly to their surface through adhesion and cohesion. Growing trends of bio-based pressure sensitive adhesives drive the growth of the market. Additionally, increasing demand from various end- use industries increase the demand of the market. However, fluctuating and high prices of raw materials, may hamper the growth of the market. Global pressure sensitive adhesives market appears to be highly fragmented and competitive. The key strategies traced from the analysis of recent developments of the key players include product launch, agreement & partnership, acquisition and expansion.

The global pressure sensitive adhesive market is expected grow substantially and register a healthy CAGR over the forecast period. Some of the protuberant drivers and trends supporting the growth of global pressure sensitive adhesive market are identified as, rapid growth in automotive & packaging industry along with growing packaging, electrical & electronics industry and consumer goods industry.

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Pressure Sensitive Adhesives Market Segmental Analysis The global pressure sensitive adhesives market, in MRFR’s report, has been analyzed by its many parts in the report which has been segmented on the basis of technology, product, end-user, and region.

Technologies involved in pressure sensitive adhesives include water-based, solvent-based, hot melt, and radiation.

Product types of pressure sensitive adhesives include graphic films, tapes, labels, and others. The labels segment is expected to dominate the market and grow at the highest CAGR during the forecast period due to the growth of the e-commerce industry which has led to the increasing demand for warehouse and organization solutions.

End-users of pressure sensitive adhesives have been segmented into packaging, electrical & electronics, automotive, consumer goods, and others.

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Pressure Sensitive Adhesives Market Major Players in this Research: Key Players for Pressure Sensitive Adhesives Market: • 3M (US), • The DOW Chemical Company (U.S.), • H.B. Fuller Company (U.S.), • Henkel AG & Company KGaA (Germany), • Sika AG (Switzerland), • Reflex Labels Ltd. (U.K.), • Jonson Tapes Limited (India), • Nitto Denko Corporation (Japan), • Tesa SE (Germany), • Lintec Corporation (Japan), • Intertape Polymer Group, Inc. (Canada),

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Pressure Sensitive Adhesives Market Regional Market Analysis The Asia Pacific market has the lion's share of the global pressure sensitive adhesives market. The region has a significant packaging and automotive industry due to its increasing global positioning as an industrial hub. The region has a high concentration of emerging economies where consumers are witnessing an increase in purchasing power, and there is easy availability of personal loans, EMI schemes and other personal financing options for large purchases, such as automotive. Moreover, the electrical & electronics industry in the region is also witnessing rapid growth. Country-level markets leading growth include China, Japan, India, Australia, and Indonesia.

Among these, China has the largest share of the APAC market.

North America accounts for the second largest market due to stringent regulation with regards to VOC emissions along with fuel efficiency norms which drive the demand for pressure sensitive adhesives in industrial applications. Europe is also a significant market while the Rest of the World includes promising country level markets such as the U.A.E and Brazil.

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