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Pressure Sensitive Adhesives Market Porter Analysis Identifies Competitive Forces Within The Market | Major Players are Avery Dennison Corporation, Ashland Inc., H.B. Fuller Company, DowDupont Inc., and Collano Adhesives AG. Other players in the market ar
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Major factor driving the growth of market is the rising demand for adhesives from automobile industry. Rising sales of automobiles is expected to boost the market for these adhesives as they are widely replacing the conventional fixation tools and are now used in fixing of various components in an automobile. Growing demand for passenger vehicles in developing countries will have a direct positive impact on the pressure sensitive adhesives market in the coming years.
The pressure sensitive adhesives market is expected to witness significant growth in emerging countries, particularly African and certain Asian economies. These countries have rapidly advancing economies, characterized by rising automobile and furniture industries, thereby offering lucrative opportunities for players operating in the market.
Pressure sensitive adhesives (PSAs) are non-metallic materials used to bind different materials, mainly on their surface, through cohesion and adhesion. Heat or water is not required to apply the adhesives. These adhesives can match with a variety of substrates and are either permanent or removable. Silicone, acrylics, and rubber are the major materials used in formulating the adhesives. Some other pressure sensitive adhesives formulations include epoxy, polyurethane, vinyl acetate, and styrene butadiene styrene (SBS).
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Based on chemistry, the pressure sensitive adhesives market is categorized into acrylic, rubber, and ethylene-vinyl acetate (EVA). Acrylic adhesives accounted for a significant share in the market, owing to the fact that these adhesives are widely used for bonding different materials including paper, glass, plastic, wood, and metal. Moreover, high demand for acrylic adhesives in flexible packaging industry is another factor that is expected to boost the market for acrylic adhesives during the forecast period.
Based on region, the pressure sensitive adhesives market is categorized into Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa. Among all these regions, the market is dominated by Asia-Pacific. More than half of the total water-based adhesives demand comes from China, which makes it a key market in the Asia-Pacific region.
Some of the major companies operating in the global pressure sensitive adhesives market are The 3M Company, Avery Dennison Corporation, Ashland Inc., H.B. Fuller Company, DowDupont Inc., and Collano Adhesives AG. Other players in the market are Drytac Europe Ltd., Franklin International Inc., Henkel AG & Co. KGaA, Jesons Industries Limited, Momentive Performance Materials Inc., Novamelt Americas LLC, and Scapa Group Plc.
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