Press release
Pressure Sensitive Adhesives Market Outlook: High product demand Medical industry to boost overall growth | Global Key Vendors - Evonik, Mapei, Henkel, Sika, Momentive, Ashland, Avery Dennison, Bostik, BASF, 3M, H.B. Fuller, Wacker Chemie, LG Chem
Pressure Sensitive Adhesives Market
Pressure Sensitive Adhesives Market will likely surpass USD 9.5 billion by 2024; according to a new research report.
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Ease of product application is a significant growth driver for the pressure sensitive adhesives market. They have a wide variety of applications including packaging tapes, specialty tapes, repositionable tapes, permanent labels, direct food contact applications, peelable labels, etc. These tapes and labels are easy to use and are popularly used for safety as well as aesthetic purposes. Escalating demand for sustainable packaging for environmental conservation and reduction of ecological footprints by using bio-based PSAs will propel the pressure sensitive adhesives market.
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
The European government has passed various regulations to limit the emission of volatile organic compound (VOC) in the environment to reduce the health-related consequences like eye, nose, and throat irritation; nausea; headaches; loss of coordination; and damage to the liver, kidney, and central nervous system. This has led to the development of bio-based PSAs in order to ensure ecological benefits; but issues like expensive raw materials and its incompatibility with paper recycling mills could deter the overall pressure sensitive adhesives market progress in the coming years.
UV adhesives are highly viscous liquids that are screen printable and develop the desired viscoelastic properties upon ultra-violet exposure. The demand for this product has been growing in industrial-graphic applications such as durable labels, nameplates, membrane switches, and graphic overlays. Due to its eco-friendly nature, this technology will gain prominence and boost up the demand in pressure sensitive adhesives market.
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Rubber based PSA includes the use of both natural and synthetic rubber. It is a cheaper option with good adhesion properties, and is abundantly available. Natural rubber-based PSA are most suitable for applications involving low temperature and stress. They have low tack and must be formulated with plasticizers and tackifiers to accomplish pressure sensitive properties.
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
Films & laminates is a significant application segment in pressure sensitive adhesives market which is expected to develop at a rate of approximately 4.5% in the coming years. Labels also play an important role and enables the customers to gain critical information regarding the product. PSA labels are offered in the market in various forms which consists of permanent labels, peelable labels, frost-fix labels, high track labels etc.
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
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
Latin America holds a significant share in the pressure sensitive adhesives market which generated a revenue of USD 550 million in 2024. Increasing demand for the product in the industrial sectors of Brazil and Mexico would augment the pressure sensitive adhesives market growth in the coming years.
Major companies of the pressure sensitive adhesives market include: Evonik, Henkel, Bostik, Sika, HB Fuller, Dow Dupont, Avery Dennison, and Arkema.
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.
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