Press release
Pressure Sensitive Adhesives Market Size Products & Services, Strategic Analysis and Challenges | Top Key Players - Dow Corning, Sika, 3M, Henkel, Arkema, H B Fuller, Avery Dennison, BASF, Bostic, Ashland, Mapei, Evonik, LG Chem, Wacker Chemie, Momentive
Pressure Sensitive Adhesives Market will likely surpass USD 11 billion by 2024; according to a new research report.
The global pressure sensitive adhesives (PSA) market is estimated to gain substantial impetus over the ensuing years, owing to increasing applications in the automotive industry along with the advancements in the adhesive technology.
The automobile sector has gained immense momentum over the last few years, primarily driven by the emergence of electric vehicles. Burgeoning sustainability trends across the globe have generated the need for light-weight vehicles, which can offer efficient and environment-friendly rides. Having said that, PSAs are used in a variety of light-weight automotive applications and offer numerous benefits over heavy mechanical fasteners.
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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.
Firstly, PSAs help OEMs meet weight reduction goals and also help lower carbon emissions. The adhesive-bonded cars also offer improved crash performance as PSAs don’t impact the substrate used in assembly. Moreover, given PSA’s excellent bonding properties they can easily replace mechanical fasteners and bolts, which helps reduce the vehicle’s weight. In view of the abovementioned factors and with growing electric vehicle production, the pressure sensitive adhesives market share will continue to grow over the forthcoming years.
Additionally, technological advancements are expected to extensively propel the pressure sensitive adhesives market growth in the future. A perfect example to validate the point is, Akron Ascent Innovations’ ShearGrip, a dry-adhesive technology that is inspired by the principles of gecko feet. The technology provides a combination of convenient usage, strong adhesion, and damage-free clean removal that’s seldom possible with conventional liquid based adhesives. ShearGrip would soon be launched and its adoption across various industries can generate immense demand and help proliferate the global pressure sensitive adhesives market.
Pressure sensitive adhesives 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.
Pressure Sensitive Adhesives Market by Technology
Water-based, Solvent-based, Hot-melt, UV-cured
Pressure Sensitive Adhesives Market, Product by Application
Rubber, Tapes, Labels, Graphics, Films & laminates, Others
Acrylic
Tapes, Labels, Graphics, Films & laminates, Others
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Data Tables
TABLE 1 Pressure Sensitive Adhesives industry 360° synopsis, 2013 – 2024
TABLE 2 Global Pressure Sensitive Adhesives market estimates and forecast,
2013 – 2024, (Kilo Tons) (USD Million)
TABLE 3 Global Pressure Sensitive Adhesives market volume of product by end-user, (Kilo Tons), 2013 - 2024
TABLE 4 Global Pressure Sensitive Adhesives market revenue of product by end-user, (USD Million), 2013 – 2024
TABLE 5 Global Pressure Sensitive Adhesives market volume by thermoplastic polymers, (Kilo Tons), 2013 - 2024
TABLE 6 Global Pressure Sensitive Adhesives market revenue by thermoplastic polymers, (USD Million), 2013 – 2024
TABLE 7 Global Pressure Sensitive Adhesives market volume of thermoplastic polymers by end-user, (Kilo Tons), 2013 - 2024
TABLE 8 Global Pressure Sensitive Adhesives market revenue of thermoplastic polymers by end-user, (USD Million), 2013 – 2024
TABLE 9 Global Pressure Sensitive Adhesives market volume by thermosetting polymers, (Kilo Tons), 2013 - 2024
TABLE 10 Global Pressure Sensitive Adhesives market revenue by thermosetting polymers, (USD Million), 2013 – 2024
TABLE 11 Global Pressure Sensitive Adhesives market volume of thermosetting polymers by end-user, (Kilo Tons), 2013 - 2024
TABLE 12 Global Pressure Sensitive Adhesives market revenue of thermosetting polymers by end-user, (USD Million), 2013 – 2024
TABLE 13 Global Pressure Sensitive Adhesives market volume by thermoplastic elastomers, (Kilo Tons), 2013 - 2024
TABLE 14 Global Pressure Sensitive Adhesives market revenue by thermoplastic elastomers, (USD Million), 2013 – 2024
TABLE 15 Global Pressure Sensitive Adhesives market volume of thermoplastic elastomers by end-user, (Kilo Tons), 2013 - 2024
TABLE 16 Global Pressure Sensitive Adhesives market revenue of thermoplastic elastomers by end-user, (USD Million), 2013 – 2024
TABLE 17 Global Pressure Sensitive Adhesives market volume of others by end-user, (Kilo Tons), 2013 - 2024
TABLE 18 Global Pressure Sensitive Adhesives market revenue of others by end-user, (USD Million), 2013 – 2024
TABLE 19 Global Pressure Sensitive Adhesives market volume by end-user, (Kilo Tons), 2013 - 2024
TABLE 20 Global Pressure Sensitive Adhesives market revenue by end-user, (USD Million), 2013 – 2024
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