Pressure Sensitive Adhesives market will reach at USD 32.8 billion by 2032, at a CAGR of 8.23% Tape3M , Nitto , Avery Dennison Corporation , Tesa (Beiersdorf AG) , Berry Plastics , Intertape Polymer Group , Saint Gobin , Henkel , Tremco Illbruck 

New Jersey, United States,- Mr Accuracy Reports , Pressure Sensitive Adhesives Tape market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints.The global pressure sensitive adhesives market size is projected to grow from USD 11.9 billion in 2021 to USD 32.8 billion by 2032, at a CAGR of 8.23% during the forecast period. There exists a high demand for pressure sensitive adhesives from the packaging and medical & healthcare industries owing to the widespread coronavirus pandemic.

PSA is a type of non-reactive adhesive, which forms a bond when pressure is applied to bond a surface with an adhesive. The special feature of PSAs is that they do not solidify, but remain viscous. As a result, they remain permanently tacky and have the potential to wet surfaces on contact. Wide acceptance owing to their ease of adaptability, their growing use in tapes and labels, and their high demand in APAC are driving the market for PSAs.

Market Opportunities

The increasing development of bio-based pressure-sensitive adhesives due to growing environmental concerns is expected to provide potential market opportunities. Bio-based pressure-sensitive adhesives reduce the environmental effects by reducing the level of carbon footprints. They are derived from starch, soy, and vegetable oils and can compete with petroleum-based adhesives. Also, polyols, bio-derived from soybeans is used in the manufacturing of PSA's. Hence, the growing development of bio-based pressure sensitive adhesives is expected to fuel market growth.

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Some of the Major Key players profiled in the study are 3M , Nitto , Avery Dennison Corporation , Tesa (Beiersdorf AG) , Berry Plastics , Intertape Polymer Group , Saint Gobin , Henkel , Tremco Illbruck , Scapa , CCT Tape , Luxking Group , Orafol Europe GmbH , Shurtape Technologies , Achem (YC Group) , Zhongke Non-materials

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Acrylic-based PSA is gaining traction in the market. These tapes possess excellent resistance to UV-light & chemical, color stability, high shear strength & hydrolysis resistance, high resistance to different temperatures ranges. They are suitable for durable and long-term applications and have higher thermal stability as compared to rubber-based PSAs. Acrylic-based PSA'a is widely used across automotive, construction, electronics, and aerospace industries, thereby fueling market growth.

Water-based PSAs are experiencing tremendous popularity around the globe and are broadly used across paper and food &beverage industries. Rapid growth in the end-user industries and other manufacturing industries is expected to foster the market growth of the pressure-sensitive adhesives. Also, ongoing urbanization around the globe coupled with the development of the overall economy is again expected to propel the market growth of the pressure-sensitive adhesives over the forecast period.

Recent Developments
In February 2020, Henkel Adhesives Technologies opened its new production facility in Kurkumbh, India, near Pune. The unit aims to serve the growing demand for high-performance solutions in adhesives, sealants, and surface treatment products in Indian industries. Designed as a smart factory, the new plant also will also help a wide range of Industry 4.0 operations and meet the highest standards for sustainability.
In September 2019, Arkema showcased and announced a new range of PSAs at the LabelExpo 2019. The new range included products with enhanced performance and sustainability to meet the increasing demand for these adhesives from the packaging, construction, and automotive sectors.

Due to the COVID-19 pandemic, according to World Bank statistics, global GDP has shrunk by about 3.5% in 2020. Entering 2021, Economic activity in many countries has started to recover and partially adapted to pandemic restrictions. The research and development of vaccines has made breakthrough progress, and many governments have also issued various policies to stimulate economic recovery, particularly in the United States, is likely to provide a strong boost to economic activity but prospects for sustainable growth vary widely between countries and sectors. Although the global economy is recovering from the great depression caused by COVID-19, it will remain below pre-pandemic trends for a prolonged period. The pandemic has exacerbated the risks associated with the decade-long wave of global debt accumulation. It is also likely to steepen the long-expected slowdown in potential growth over the next decade.

The world has entered the COVID-19 epidemic recovery period. In this complex economic environment, we published the Global Pressure Sensitive Adhesives Tape Market Status, Trends and COVID-19 Impact Report 2021, which provides a comprehensive analysis of the global Pressure Sensitive Adhesives Tape market , This Report covers the manufacturer data, including: sales volume, price, revenue, gross margin, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows the regional development status, including market size, volume and value, as well as price data. Besides, the report also covers segment data, including: type wise, industry wise, channel wise etc. all the data period is from 2015-2021E, this report also provide forecast data from 2021-2026.

Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)

Pressure Sensitive Adhesives Tape Segmentation by Type:

PE , PVC , PP , PET , Others.

Pressure Sensitive Adhesives Tape Segmentation by Application:

Automotive , Packing , Electronics , Building and Construction , Other

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Key Takeaways of the Graph:

The Water based PSA in product segment held dominant position in the market and accounted for 41.8% share in the global Pressure Sensitive Adhesives market in 2020. The segment is expected to reach US$ 5,491.1 million in 2028.
The market for water-based PSAs has witnessed growth due to the demand from the medical and packaging industries. Water-based technology finds applications in pressure-sensitive tapes, labels, glue dots, note pads, automobile trims, films & peelable and specialty applications in different industries such as packaging, electrical, electronics & telecommunication, medical & healthcare, and automotive.

Pressure Sensitive Adhesives Consumption Analysis 2016-2020 Vs Future Outlook 2021-2031
According to MR Accuracy Reports the global pressure sensitive adhesives industry was worth over US$ 51 Bn in 2020, expanding at a CAGR exceeding 3% across the 2016-2020 historical period. Heightening demand for flexible packaging solutions to reduce logistics costs primarily drove demand.

Advanced Acrylic Adhesive Technologies a Possibility for Expansion?
Advanced acrylic adhesive technologies used in pressure sensitive tapes are a favored bonding option in many industries, replacing mechanical fasteners, spray & liquid adhesives, and other fastening & bonding methods.

These pressure sensitive tapes improve the efficiency and speed of assembly operations by seamlessly integrating into automated processes via in-line dispensing equipment or by hand.

Advanced tape technologies feature outstanding performance and assembly-related properties, such as the ability to resist severe conditions, high temperatures, and firmly bind with a wide range of materials and substrates. This aspect is expected to generate lucrative possibilities for the growth of the pressure sensitive adhesives market in the near future.

As e-commerce companies and other retail formats look to optimize their operations, corporations are looking up to pressure sensitive adhesives, particularly across the food & beverage and pharmaceutical industries. Amidst the COVID-19 pandemic, demand received heavy stimulus, as reliance on online stock procurement increased exponentially.

What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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