Press release
Pressure Sensitive Adhesives Market Growth Rate, Key Vendors, Trends, Drivers, Challenges to 2024, BASF, Avery Dennison, 3M, Sika, Wacker Chemie, Evonik
Pressure Sensitive Adhesives Market
The automotive industry is a prominent application avenue of the PSAs pertaining to their ability to sustain high temperatures along with strong resistance to harsh chemicals and materials. Owing to their robust nature, PSAs are significantly utilized for replacing mechanical fasteners and other automobile attachments.
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Food & beverage industry significantly use the PSA products in the form of labels and tapes on food packaging owing to environment friendly benefits. Certain PSA products have gained FDA approvals to be used in direct contact with the food items which is likely to propel the segmental growth. The Pressure sensitive adhesives market from food & beverage segment is projected to grow at a CAGR of about 5% through the forecast timeline.
Though some of the PSA products tend to emit small amounts of VOC discharges, the development of eco-friendly bio-based PSAs will augment product demand, owing to its safer attributes. Escalating demand for sustainable packaging solutions in order to reduce ecological footprints will propel the bio-based pressure sensitive adhesives market growth. As per a research report by Global Market Insights, Inc., Pressure Sensitive Adhesives Market size is projected to exceed USD 9.5 billion by 2024.
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
Ongoing innovations in adhesive tape technologies have fostered the development of high performance products featuring strong bonds with excellent capabilities to resist high temperatures and severe environments. The product allows the bonding of a wide range of substrates and materials providing an economical advantage for the firms looking to cut down costs involved in assembling. The application of PSAs also helps reducing the time required for assembling, by eliminating the need of cumbersome equipment to hold on the joints while it sets.
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Pressure Sensitive Adhesives Market size is primarily driven by the ease of application offered by the product. Ideally, these adhesives comprise multiple characteristics to be able to function as packaging tapes, specialty tapes, permanent labels, repositionable tapes, peelable labels, etc. Accounting to several benefits offered by the product, PSAs are extensively used for different purposes to ensure safety of joints without compromising the aesthetics of the applied object.
Moreover, the product is profoundly deployed to seal holes or openings in the automotive chassis and body structure, so as to stop fluids or water from entering into them which can cause serious issues of rusting. The proliferating automotive industry due to shifting preferences toward personal mobilities will stimulate the pressure sensitive adhesives market trends from the automotive and transportation segment.
Table Of Content For This Research Report:
Chapter 7. Pressure Sensitive Adhesives Market, By End-user
7.1. Global pressure sensitive adhesives market end-user insights
7.2. Food & beverage
7.2.1. Pressure sensitive adhesives market estimates and forecast, 2014 – 2024
7.2.2. Pressure sensitive adhesives market estimates and forecast, by region, 2013 – 2024
7.3. Packaging
7.3.1. Pressure sensitive adhesives market estimates and forecast, 2014 – 2024
7.3.2. Pressure sensitive adhesives market estimates and forecast, by region, 2013 – 2024
7.4. Electronics & laminates
7.4.1. Market estimates and forecast, 2014 – 2024
7.4.2. Market estimates and forecast, by region, 2014 – 2024
7.5. Medical & healthcare
7.5.1. Market estimates and forecast, 2014 – 2024
7.5.2. Market estimates and forecast, by region, 2013 – 2024
7.6. Building & constructions
7.6.1. Market estimates and forecast, 2014 – 2024
7.6.2. Market estimates and forecast, by region, 2013 – 2024
7.7. Automotive & transportation
7.7.1. Market estimates and forecast, 2014 – 2024
7.7.2. Market estimates and forecast, by region, 2014 – 2024
7.8. Others (Power generation, leather & footwear, paper & printing etc.)
7.8.1. Market estimates and forecast, 2014 – 2024
7.8.2. Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/pressure-sensitive-adhesives-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
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