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Worldwide Pressure Sensitive Adhesives Market Analysis & Trends 2019-2025 | Global Industry Analysis By leading Companies BASF, Avery Dennison, 3M, H.B. Fuller, Henkel, Sika, DowDuPont, Momentive, Wacker Chemie, LG Chem, Evonik, Mapei, Ashland, Bostik
Pressure Sensitive Adhesives Market
North America has emerged as one of the most reliable and lucrative growth grounds for the overall pressure sensitive adhesives market. One of the pivotal reasons responsible for the growth of the regional industry is the expansion of the packaging sector in the continent, specifically across the United States.
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As per statistics provided by the Flexible Packaging Association, the U.S. recorded sales worth over USD 30 billion for the flexible packaging industry in the year 2014. Indeed, flexible packaging had then been touted to be the second largest packaging segment in the United States, with a registered share of 19% of the U.S. packaging market, that had been proclaimed by analysts to have been valued at somewhere over USD 162 billion back then.
Pressure Sensitive Adhesives Market in North America value is likely to cross USD 2 billion by 2024. Availability of numerous products and technology types of the market for various industries makes it a more reliable choice in the region.
Driven by the robust deployment of these adhesives in the packaging sector, in addition to the availability of myriad technology types and products, North America pressure sensitive adhesives market size is all set to surpass USD 2 billion by 2024.
Growth drivers
1. Growth in the packaging industry
2. Increasing use of tapes and labels in automotive & transportation sector
3. Ease of application creating a wide acceptance
4. Advancement in PSA tape technologies
Silicone is an important product type of the pressure sensitive adhesives market which can withstand extreme temperatures and has chemical resistance. This relatively expensive product is frequently applied to products like glass cloth and aluminum foils so that they are appropriate for extreme temperature applications.
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Food & beverage industry is a significant end-user section of the market which is expected to propel at a compound annual growth rate of approximately 5% in the study period. The reason behind the prominence of PSA in food & beverage sector is that certain has adhesives have gained FDA approval to be used as food contact applications like labels and tapes on the food items.
Graphics is an important application section of the pressure sensitive adhesives industry which is expected to develop at a rate of approximately 4.5% during the study period. Graphics consists of signage, vehicle wraps, logos & emblems, carpets & mats, floors etc.
Pressure sensitive adhesives are superior products with multi-purpose applications which makes it more expensive. This product also has a negative impact on the production efficiency of paper recycling process as certain PSA materials are difficult to remove during the recycling process. They deposit on equipment and are retained in the product which hampers the operations. These issues could have a considerable effect on the pressure sensitive adhesives market and could limit the industry growth during the study period.
The pressure sensitive adhesives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2024, for the following segments:
By Technology
• Water-based
• Solvent-based
• Hot melt
• UV-cured
Product by Application
• Rubber-based
• Acrylic
• Silicone
By Application
• Tapes
• Labels
• Graphics
• Films & Laminates
• Others
By End-user
• Food & Beverage
• Packaging
• Electronics & Laminates
• Medical & Healthcare
• Building & Construction
• Automotive & Transportation
• Others
Pressure sensitive adhesives market is most likely to witness growth during the study period due to the developments in the PSA tape technologies. The innovations in the tape technologies have enabled the manufacturers to offer notable performance and assembly-related features, including the capacity to resist high temperatures, severe environments & to bond firmly with different substrates and materials. Pressure Sensitive Adhesives Market size will likely surpass USD 9.5 billion by 2024; according to a new research report by Global Market Insights.
Browse key industry insights from the report, “Pressure Sensitive Adhesives Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pressure-sensitive-adhesives-market
They also provide an economical option for the firms to cut down the total cost involved in assembly and reduces time-consuming activities and requirement of cumbersome equipment. PSA is also highly being used in the automotive sector owing to their ability to exhibit excellent high temperature characteristics and robust resistance to harsh substances and materials. They are majorly used for substituting mechanical fasteners, automobile attachments, and removing holes which could allow wetness or fluids to enter and lead to rust
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. Avery Dennison
3. 3M
4. H.B. Fuller
5. Henkel
6. Sika
7. DowDuPont
8. Momentive
9. Wacker Chemie
10. LG Chem
11. Evonik
12. Mapei
13. Ashland
14. Bostik
Hot-melt PSA portray environment friendly and fast setting features. These are 100% solid adhesives which are applied in molten state in room temperature to achieve flow and wetting. This technology is widely used in industries including textile lamination, book-binding, construction, woodworking, automotive, electronics, shoemaking, product assembly, packaging, hygiene etc. This technology section of the pressure sensitive adhesives market is likely to propel at a compound annual growth rate approximately 5.4% in the study period.
Some of the key product manufacturing companies of the market include Bostik, Dow Dupont , Evonik Industries, Avery Dennison, Henkel, Arkema, Sika, HB Fuller etc. Large number of small and medium scale local manufacturers are also part of the market.
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
Blog: http://headlinenewsnation.com
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