Pressure Sensitive Adhesives Market Analysis by Top Key players: Adhesives Research Ireland Ltd,Adtek Malaysia Sdn. Bhd.,BASF SE,Cattie Adhesives Solutions, LLC.,Eastman Chemical Company,Ellsworth Adhesives,Evonik Industries AG,Guzzetti SpA

Acrylic is the largest chemistry segment of the PSA market

Based on chemistry, acrylic is the largest segment of the PSA market, owing to its extensive usage in two major applications, namely, labels and tapes. It is widely used in the automotive & transportation and medical & healthcare end-use industries. It is highly preferred due to its resistance to aging, moderate cost, and excellent physical properties such as peel adhesion, high cohesion, UV resistance, chemical & humidity resistance, high cutability, and thermal stability.

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Water-based is the largest technology segment of the PSA market

Water-based technology is the largest segment in the PSA market; this growth is mainly attributed to the eco-friendly nature of water-based PSAs, safety associated with their use, and cost-effectiveness. Water-based PSAs are widely used in varied applications such as tapes, labels, and graphics.

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Labels is the largest application segment of the PSA market

The labels segment is estimated to account for the largest market share, in terms of value as well as volume, followed by tapes and graphics, in 2016. Labels are widely used in varied end-use industries such as medical & healthcare, packaging, and electronics, electrical & telecommunication, among others. They are also utilized in sectors such as consumer goods, HVAC (heating, ventilation, and air conditioning), and food & beverage.

Packaging end-use industry is estimated to account for the largest market share

PSAs are used in varied end-use industries such as packaging; electronics, electrical & telecommunication; medical & healthcare; and building & construction; among others. The packaging end-use industry is estimated to account for the largest market share, in terms of volume, in 2016. The electronics, electrical & telecommunication end-use industry is estimated to grow at the highest CAGR between 2016 and 2026, in terms of value. Increasing per capita income and improving living standards are driving the demand for electronic products, which further propels the growth of the PSA market.

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Asia-Pacific is projected to lead the PSA market during the forecast period

The Asia-Pacific region is the largest regional segment of the PSA market, owing to rise in industrial and infrastructural developments. Asia-Pacific has emerged as the leading consumer as well as producer of PSAs, due to the increasing demand for pressure sensitive adhesives from India, South Korea, China, and Indonesia, among others.

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