Pressure Sensitive Adhesives Market | Key players operating in the market include Henkel AG & Company KGAA, Dow Chemical Company, Avery Dennison Corporation, H.B. Fuller, 3M Company

According to recent market research "Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, Silicone), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Healthcare), Region - Global Forecast to 2025", The global pressure sensitive adhesives market size is projected to grow from USD 9.5 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 6.0% during the forecast period.

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The primary factor driving the pressure sensitive adhesives market includes the increase in demand from end-use industries such as packaging, medical & healthcare, building & construction, and automotive & transportation. The growth of the packaging industry in the emerging countries of APAC and South America is driving the demand for PSAs in these regions. Furthermore, wide acceptance of PSA’s owing to the ease of adaptability, growing use in tapes and labels, and high demand in APAC are driving the market.

Silicone PSAs consist of silicone polymers and are widely used in specific industrial applications, such as medical, solar and wind energy, heavy machinery and aerospace. It is used in the form of masking tapes, splicing, process tapes, and high-performance insulation laminates. The consumer goods industry is a huge market for silicone PSAs. These adhesives can maintain adhesion over a larger temperature range and possess ability to adhere to difficult surfaces. Silicone PSAs represent a small part of the total PSAs market and serve niche markets with a vast range of applications and end-use industries such as automotive & transportation and renewable energy.

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The global pressure sensitive adhesives market size is projected to grow from USD 9.5 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 6.0% during the forecast period. Wider acceptance of pressure sensitive adhesives due to their low cost and ease-of-use have led to its increase demand over the past few years. The growth of the packaging industry in the emerging countries of APAC and South America is driving the demand for pressure sensitive adhesives in these regions.

Pressure sensitive adhesives are adhesives with special formulations, which offer properties, such as viscosity, elasticity, peel strength, cohesive strength, adhesive strength, shear resistance, and resistance to aging, chemicals, and humidity. They adhere well on the surface by making bonds when adequate pressure is applied. Emerging trends of bio-based pressure sensitive adhesives and advancement in PSA tapes technology have provided an opportunity for the growth of the market. However, the volatility in raw material prices and stringent regulations reshaping the pressure sensitive adhesives market are hampering its growth.

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The key players of the pressure sensitive adhesives market include Henkel AG & Company KGAA (Germany), The Dow Chemical Company (US), Avery Dennison Corporation (US), H.B. Fuller (US), 3M Company (US), Arkema Group (France), Sika AG (Switzerland), Scapa Group PLC (UK), and Ashland Inc., (US) are the leading players operating in the pressure sensitive adhesives market. Mergers & acquisitions, investments & expansions, and new product development have been the major strategies adopted by the key players between 2017 and 2020, which helped them broaden their customer base.

In line with the rising demand for pressure sensitive adhesives, Henkel offers a broad spectrum of products, including home care, laundry, cosmetic, and adhesive technologies. The adhesive technologies business segment manufactures and distributes decoration and renovation products for home & office, building adhesives, PSA, and industrial infrastructure solutions. Henkel supplies hot-melt PSA for a wide variety of applications in terms of specialty tapes and commodity tapes. The company also manufactures customized solutions. It has leveraged its strong financial background and distribution network to expand its business in the US and various countries across the globe.

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