Press release
Pressure Sensitive Adhesives Market 2024 By Technology (Water-based, Solvent-based, Hot-melt, UV-cured) Global Key Players Arkema, H B Fuller, BASF, Avery Dennison, Henkel, 3M, Evonik, Ashland, Bostik
Pressure Sensitive Adhesives Market
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.
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.
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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.
According to the end-user industries, pressure sensitive adhesives market is segmented as healthcare & medical, laminates & electronics, packaging, transportation & automotive, construction & building, beverages & food, and others. Packaging segment will hold the highest market share close to 30% by 2024. Electronics & laminates segment will grow at a highest CAGR to surpass USD 3.3 billion by the end of the forecast period.
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.
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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.
Report Content:
Chapter 3. Pressure Sensitive Adhesives Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material analysis
3.5. Technology landscape
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Growth in the packaging industry
3.6.1.2. Increasing use of tapes and labels in automotive & transportation sector
3.6.1.3. Ease of application creating a wide acceptance
3.6.1.4. Advancement in PSA tape technologies
3.6.2. Industry pitfalls & challenges
3.6.2.1. Increasing raw material prices
3.6.2.2. Recycling issues with PSA
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape
3.9.1. Company market share, 2016
3.9.2. Strategic dashboard
3.9.3. Patent analysis
3.10. Porter's analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Regional price trends
3.12. PESTEL analysis
Chapter 4. Pressure Sensitive Adhesives Market, By Technology
4.1. Global pressure sensitive adhesives market share by technology, 2016 & 2024
4.2. Water-based
4.3. Solvent-based
4.4. Hot-melt
4.5. UV-cured
Chapter 5. Pressure Sensitive Adhesives Market, Product By Application
5.1. Global pressure sensitive adhesives market share by product, 2016 & 2024
5.2. Rubber
5.3. Acrylic
5.4. Silicone
Chapter 6. Pressure Sensitive Adhesives Market, By Application
6.1. Global pressure sensitive adhesives market share by application, 2016 & 2024
6.2. Tapes
6.3. Labels
6.4. Graphics
6.5. Films & laminates
6.6. Others (Automotive trims, dental adhesives, etc.)
Chapter 7. Pressure Sensitive Adhesives Market, By End-user
7.1. Global pressure sensitive adhesives market share by end-user, 2016 & 2024
7.2. Food & beverage
7.3. Packaging
7.4. Electronics & laminates
7.5. Medical & healthcare
7.6. Building & construction
7.7. Automotive & transportation
About Global Market Insights
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