Pressure-Sensitive Adhesives Market Is Slated To Reach US$ 93 Billion, Expanding 1.8x By 2031

Pressure-sensitive adhesives market is estimated to reach US$ 71 Bn by 2026, up from US$ 43.5 Bn in 2017, reflecting a CAGR of 5.6%. In the long-run, the industry is slated to reach US$ 93 Bn, expanding 1.8x from 2021 to 2031.

Surging development of low-cost flexible packaging is majorly driving adoption. On the other hand, strict environmental restrictions surrounding VOC emissions are likely to stymie the market's expansion.

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Key Takeaways from the Market Study

• Acrylic-based pressure sensitive adhesives to expand at nearly 5% CAGR
• Polypropylene backed adhesives to exhibit promising growth, registering 6% CAGR
• By type, tapes to remain top selling, growing at over 5% CAGR through 2031
• Over 80% of the demand for pressure-sensitive adhesives is accounted for by China, India, Japan, and South Korea.
• U.S to be a highly promising market, with revenues surpassing 1/4th as of 2020
• U.K market to expand at around 6% CAGR through 2031
• Global market for pressure sensitive adhesives to expand 1.8x until 2031

"Rapid technological advancements in the global packaging industry is prompting increased uptake of lightweight and flexible solutions, widening prospects for pressure sensitive adhesives," says a Fact.MR analyst.

Competitive Landscape

Leading manufacturers are forming alliances to create low-cost, flexible, and environmentally friendly goods while complying with government regulations to remain competitive in the market. Some notable developments are:

• In 2019, BASF SE announced its decision to double its manufacturing capacity for UV acrylic hotmelts sold under its brand name acResin® by inaugurating a 2nd production facility in Ludwigshafen, Germany

• Similarly, Tesa SE has introduced a range of pressure sensitive adhesives for electric vehicles. These adhesive tapes offer robust permanent bonding of battery cells and insulation of electronic components

To learn more about Industrial Pressure-Sensitive Adhesives Market, you can get in touch with our Analyst

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Key Companies Profiled

• 3M Company
• Tesa SE
• Nitto Denko Corporation
• LINTEC Corporation
• BASF SE
• Lohmann GmbH & Co. KG
• Exxon Mobil Corporation
• Scapa Group PLC

Key Segments Covered

• Resin Type

o Acrylic-based Pressure Sensitive Adhesives
o Rubber-based Pressure Sensitive Adhesives
o Other Pressure Sensitive Adhesive Types

• Backing Material

o Polypropylene-based Pressure Sensitive Adhesives
o Paper-based Pressure Sensitive Adhesives
o Polyvinyl Chloride-based Pressure Sensitive Adhesives
o Other Backing Material-based Pressure Sensitive Adhesives

• Applications

o Pressure Sensitive Tapes
o Pressure Sensitive Labels
o Pressure Sensitive Hygiene Adhesives
o Pressure Sensitive Graphic Films
o Pressure Sensitive Medical Adhesives
o Pressure Sensitive Adhesives for Other

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Questionnaire answered in the Pressure Sensitive Adhesives Market report include:

• How the market for Pressure Sensitive Adhesives has grown?
• What is the present and future outlook of the global Pressure Sensitive Adhesives on the basis of region?
• What are the challenges and opportunities for the Pressure Sensitive Adhesives?
• Why the consumption of Pressure Sensitive Adhesives highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Pressure Sensitive Adhesives market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Pressure Sensitive Adhesives market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Pressure Sensitive Adhesives market and assists to create strategies to overcome the obstacles that may hinder the growth of the Pressure Sensitive Adhesives market.

• Leverage: The Pressure Sensitive Adhesives market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Pressure Sensitive Adhesives market.

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