Pressure Sensitive Adhesives Market Latest Trends and Future Opportunities Analysis to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pressure Sensitive Adhesives Market Size, Share & Trends Analysis Report By Chemistry (Acrylic, Rubber, Silicone), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Healthcare) - Market Outlook And Industry Analysis 2031"

The global pressure sensitive adhesives market is estimated to reach over USD 21.38 billion by 2031, exhibiting a CAGR of 5.73% during the forecast period.

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PSAs (Pressure Sensitive Adhesives) are thermoplastic by nature and can be made using acrylic monomers and polymers with low glass transition temperatures. These pressure sensitive adhesives are versatile, low-cost, and have improved performance properties, making them ideal for label applications. PSAs are polar by nature and adhere well to polar materials or substrates such as metals, glass, polyesters, polycarbonates, and neoprene. These are the primary market growth drivers for pressure sensitive adhesives.

Flexible packaging is the most cost-effective way to package, distribute, and store food, pharmaceuticals, drinks, and other products that require a long shelf life. Due to increased demand from end users, the flexible packaging business has grown significantly during the last decade. As a result, pressure sensitive adhesives are becoming a popular tool among package engineers, as they help to maintain the packing in place until it reaches its destination. All of these factors work together to increase demand for pressure sensitive adhesives, boosting global market growth.

List of Prominent Players in the Pressure Sensitive Adhesives Market:

• Advance Tapes International Limited
• Arkema Group
• Ashland, Inc
• Avery Dennison Corporation
• B. Fuller Company (U.S.)
• Beardow Adams (Adhesives) Limited
• Collanos Adhesives AG (Switzerland)
• DowDuPont, Inc. (Dow Corning)
• Evonik Industries AG
• Franklin International, Inc
• H. B. Fuller
• Henkel AG & Company KGaA (Germany)
• Intertape Polymer Group
• Jonson Tapes Limited (India)
• LG Chem Ltd.
• Lintec Corporation (Japan)
• Mactac Performance Adhesive Group
• Mapei SpA
• Momentive Performance Materials
• Nitto Denko Corporation (Japan)
• Powerband Industries Pvt. Ltd.
• Reflex Labels Ltd. (U.K.)
• Sika AG
• Tesa S.E. (Germany)
• The 3M Company
• The DOW Chemical Company (U.S.)
• Wacker Chemie AG

Market Dynamics:
Drivers-
In the projected period, a surge in demand for bio-based pressure sensitive adhesives is expected to create new opportunities. Global demand for sustainable solutions has increased the market for bio-based pressure sensitive adhesives. A bio-based pressure sensitive adhesive is created by mixing a commercially available acrylate with a bio-based monomer chain. Roughly 60% of the components used in the creation of this product are bio-based, and these adhesives outperform traditional goods in terms of performance. Bio-based pressure sensitive adhesives are easily made since they are compatible with established production techniques such as mini-emulsion polymerization and conventional emulsion.

Challenges:
Price fluctuations in raw materials are expected to limit the growth of the pressure sensitive adhesives market. The upsurge in the price of raw materials necessary for the production of pressure sensitive adhesives is limiting the market's growth. Furthermore, a shortage of a crucial raw material used in the production of water-based and other adhesives poses a significant challenge to the adhesives sector. The market shortage of VAM is attributable to the closing of a few production plants in Europe, the United States, and Asia-Pacific owing to plant failure, accidents, or scheduled maintenance work. Furthermore, to protect the ozone layer and reduce health risks from VOCs, governments in both developed and developing countries put laws and regulations on the use of items containing or producing VOCs. Due to the aforementioned characteristics, the PDS industry is expected to face some hurdles throughout the projected period.

Regional Trends:
The Asia Pacific pressure sensitive adhesives market is expected to report a substantial market share in terms of revenue and is projected to expand at a high CAGR in the near future. This is due to an increase in infrastructure activity in nations like India and China. Furthermore, the increased demand for building chemicals raises the need for pressure sensitive adhesives. Similarly, rising demand for low volatile organic compound (VOC) content adhesives from China, Japan, and India boosts demand for water-based pressure sensitive adhesives. In addition, the packaging industry in North America has been in transition, with the manufacturing and industrial sectors adopting flexible packaging, resulting in market growth.

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Recent Developments:
• In February 2021, Toyochem Co., ltd., the polymers and coatings division of Tokyo Ink Group in Japan, launched its Oribian brand of acrylic adhesive solutions. This solution is a new pressure sensitive adhesive line designed for use in the healthcare industry.

Segmentation of Pressure Sensitive Adhesives Market-
By Technology-
• Water-based
• Solvent-based
• Hot melt
• UV cured

By Product-
• Rubber-based
• Acrylic-based
• Silicone-based
• Other

By Application-
• Tapes
• Labels
• Graphics
• Films & laminates
• Other

By Sector-
• Food & Beverages
• Packaging
• Electronics & laminates
• Medical & Healthcare
• Building & construction
• Automotive & Transportation
• Other

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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