Press release
Pressure Sensitive Adhesives Market future trends to 2024 key players BASF, Avery Dennison Corporation, H B Fuller, Arkema, Henkel, 3M, Sika, Dow Corning Corporation
Pressure Sensitive Adhesives Market will witness growth owing to is increasing usage in the automotive and transportation industry. PSAs have been increasingly used in vehicles as an alternative to bolts, clips, and rivets. This is done to improve the speed and ease of assembly of the vehicle by liquid adhesive use. PSA tapes are employed to reduce weight, advance the performance, improve aesthetics, and save time & money. These factors are will fuel the PSA market in the forecast timespan. Pressure Sensitive Adhesives Market size will likely surpass USD 11 billion by 2024; according to a new research report by Global Market Insights, Inc.Sample copy of this report @
https://www.gminsights.com/request-sample/detail/2385
Increasing raw material prices for natural and synthetic rubber, acrylate monomers, organic and inorganic chemicals used in the production of PSA tapes may be considered as a restraint for the pressure sensitive adhesives market. Pricing and availability of these raw materials are the prominent factors upon which the product cost structure is decided. Most of the aforesaid raw materials are petroleum derivatives, and susceptible to fluctuations in oil prices. These factors may act as barriers in the market growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. Avery Dennison Corporation
3. H B Fuller
4. Arkema
5. Henkel
6. 3M
7. Sika
8. Dow Corning Corporation
9. Momentive
10. Wacker Chemie
11. Evonik
Pressure sensitive adhesives market is classified based on technology as water-based, solvent-based, hot-melt, and UV-cured. Considering volume, water-based segment held a maximum share in the product market and is said to grow at a significant CAGR to surpass USD 4 billion by the end of 2024. Solvent-based segment will grow at a highest CAGR of over 5.5% in the upcoming years.
Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/pressure-sensitive-adhesives-market
Considering products, the pressure sensitive adhesives market is bifurcated into silicone, acrylic, rubber-based, and others, which include polyurethanes, EVA, etc. Silicone pressure sensitive adhesive market will grow at a lucrative rate owing to the product’s increasing use in medical applications and personal garments. The acrylic segment is said to showcase moderate growth and surpass USD 2.5 billion by 2024.
Considering application, pressure sensitive adhesives industry is segmented into films & laminates, graphics, labels, tapes, and others. The others segment consists of dental adhesives, automotive trims, etc. Development in food & beverage industry and increasing packed food consumption will positively influence the labels segment in the market. It is the fastest growing segment and will exhibit growth with CAGR of over 6% in the forecast spell.
PSA market is classified on the basis of region where Asia Pacific held a significant share in 2016 and will surpass USD 4.5 billion by the end of the forecast period. In terms of volume the region will hold the highest share by 2024 owing to rising industrial activities and development in the packaging, electronics, and food & beverages industry. Europe market will showcase growth at a sluggish rate in the forecast period due to the developed market in this region paired with the stringent governmental norms.
Make an inquiry for purchasing this report @
https://www.gminsights.com/request-sample/detail/2385
Key players present in the pressure sensitive adhesives market are Dow Corning, Sika, 3M, Henkel, Arkema, H B Fuller, Avery Dennison, BASF, Bostic, Ashland, Mapei, Evonik, LG Chem, Wacker Chemie, Momentive and others.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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