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Pressure Sensitive Adhesives Market Size & Share Analysis, Competitive Landscape, Future Outlook and Expansion Plans - 3M Company, Ashland Inc., Avery Dennison Corporation

12-05-2023 12:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Pressure Sensitive Adhesives Market

Pressure Sensitive Adhesives Market

Global pressure- sensitive adhesives market was valued at US$ 8808.70 Mn in 2022 in terms of revenue, and is expected to exhibit a CAGR of 5.62% during the forecast period (2023 to 2030).

Market Overview:

Pressure sensitive adhesives are adhesives that are bonded by applying light pressure and form a bond by contact with the substrate without the need for heat, water or solvents. They are used in applications like labels, tapes, graphics arts and others due to their removability and adhesion properties.

Market Dynamics:

The growth of the pressure sensitive adhesives market is driven by increasing demand from the automotive industry. Adhesives are widely used in automotive interiors and exteriors for applications like nameplates, protective films, trim moldings and others. Furthermore, growing electronics and electrical industry is also contributing to the growth of the market. Rapid urbanization and industrialization in emerging economies have increased the demand for consumer goods which in turn is driving the growth of the pressure sensitive adhesives market.

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Major market players included in this report are:

★ 3M Company
★ Ashland Inc.
★ Avery Dennison Corporation
★ BASF SE
★ Bostik SA
★ Dow Chemical Company
★ Ellsworth Adhesives
★ H.B Fuller Company
★ Henkel AG & Co. KGaA
★ LG Chem

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Product Type:
✦ Water based PSA
✦ Solvent Based PSA
✦Hot Melt PSA
✦ Radiation Cured PSA

By Application:
✦ Tapes
✦ Specialty
✦ Labels
✦ Graphics
✦ Others

Regional Analysis:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• The Middle East and Africa (GCC, Southern Africa, and North Africa)

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✤ The Rise of Automation and Digitalization is Driving Growth in Demand for Pressure Sensitive Adhesives

With the increasing automation and digitalization across industries, pressure sensitive adhesives are playing a crucial role in various areas like automotive, electrical & electronics, medical etc. Pressure sensitive adhesives provide easy fixation and removal of components in automated production lines. They help in quick and easy attachment of components in electronic devices without use of additional fasteners like screws, rivets etc. In medical industry, PSAs are used for fixation of wound dressings, bandages and other disposable devices. The growth in demand from automotive and electronics industries where components are getting smaller and requiring precise application of adhesives is a key driver for the pressure sensitive adhesives market.

✤ Increasing Usage of Pressure Sensitive Labels Across Industries is Fueling Market Growth

Pressure sensitive labels find wide application in packaging, logistics and other areas. They help providing product information, instructions, pricing etc in an easy peel and stick manner. The e-commerce boom has led to increase in parcel and goods deliveries propelling the demand for pressure sensitive labels from logistics industry. Furthermore, stringent government regulations regarding product information on packages is another factor augmenting the growth of pressure sensitive labels market. The pharmaceutical industry also utilizes pressure sensitive labels for drug storage and labeling applications. Advantages like durability, resistance to solvents and ease of application makes pressure sensitive labels a preferred choice across industries

✤ Fluctuations in Raw Material Prices Pose a Challenge for Market Players

The key raw materials used in production of pressure sensitive adhesives include acrylics, rubber and natural resins whose prices witness fluctuations depending on supply-demand forces and crude oil prices. Acrylic polymers, a major raw material constitute around 50% of the total production cost of pressure sensitive adhesives. Any increase in prices of these raw materials negatively impacts the production costs for PSA manufacturers. Moreover, availability of raw materials also depends on geopolitical forces which add an element of uncertainty. The fluctuating prices and supply of crucial raw materials like acrylic resins pose a challenge for PSA manufacturers in terms of maintaining consistent profit margins.

✤ Growth of Smart Labels Provides New Market Opportunities

Smart labels which incorporate functionalities like data storage, sensors provide lucrative opportunities for PSA producers. They enhance product traceability, inventory management and seamless shopping experiences. Smart labels equipped with RFID tags or printed electronics are finding applications in retail, logistics, healthcare and other industries. Pressure sensitive adhesives play a key role in attaching electronic components in smart labels. The ability of PSAs to withstand harsh environmental conditions also make them suitable for smart labels utilized across various applications. With projected growth of smart labels market, pressure sensitive adhesive producers can gain opportunities by developing adhesive solutions compatible with smart label technologies.

✤ Sustainability Focus Shaping Future Market Trends

With growing environmental regulations and increasing sustainability focus of consumers, pressure sensitive adhesive producers are aligning manufacturing processes to reduce impact on the environment. Development of bio-based and water-based adhesive formulations using renewable resources is a prominent trend. Adhesive producers are focusing on utilizing recyclable release liners and producing solvent-free or low VOC products. Advancements in adhesive chemistries to enable reuse and recyclability of products using PSAs presents new opportunities. Moreover, the trend towards lightweight and downgauged components particularly in automotive industry presents opportunities for development of high performance pressure sensitive adhesives suitable for thinner adhesive films.

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FAQ'S:

☛ What is the expected growth rate of the market for the forecast period of 2023-2030? What will the market size be in the anticipated time frame?
☛ What will the market size be in the anticipated time frame?
☛ What are the major factors influencing the Pressure Sensitive Adhesives market over the forecast period?
☛ What are the market leaders' winning strategies for establishing a significant presence in the Pressure Sensitive Adhesives industry?
☛ What are the major market trends influencing the growth of the Pressure Sensitive Adhesives market across the globe?
☛ What are the major threats and challenges that are likely to stymie the growth of the Pressure Sensitive Adhesives market? What are the most significant market opportunities?
☛ What are the most critical opportunities for market leaders to succeed and profit?

Table of Contents with Major Points:

1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2023-2030 (USD Billion)
1.2.1. Pressure Sensitive Adhesives Market, by Region, 2023-2030 (USD Billion)
1.2.2. Pressure Sensitive Adhesives Market, by Type, 2023-2030 (USD Billion)
1.2.3. Pressure Sensitive Adhesives Market, by Application, 2023-2030 (USD Billion)
1.2.4. Pressure Sensitive Adhesives Market, by Verticles, 2023-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Pressure Sensitive Adhesives Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Pressure Sensitive Adhesives Market Dynamics
3.1. Pressure Sensitive Adhesives Market Impact Analysis (2023-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Pressure Sensitive Adhesives Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2023-2030)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Pressure Sensitive Adhesives Market, by Type
5.1. Market Snapshot
5.2. Global Pressure Sensitive Adhesives Market by Type, Performance - Potential Analysis
5.3. Global Pressure Sensitive Adhesives Market Estimates & Forecasts by Type 2023-2030 (USD Billion)
5.4. Pressure Sensitive Adhesives Market, Sub-Segment Analysis

6. Global Pressure Sensitive Adhesives Market, by Application
6.1. Market Snapshot
6.2. Global Pressure Sensitive Adhesives Market by Application, Performance - Potential Analysis
6.3. Global Pressure Sensitive Adhesives Market Estimates & Forecasts by Application 2023-2030 (USD Billion)
6.4. Pressure Sensitive Adhesives Market, Sub-Segment Analysis
6.4.1. Others

7. Global Pressure Sensitive Adhesives Market, by Verticles
7.1. Market Snapshot
7.2. Global Pressure Sensitive Adhesives Market by Verticles, Performance - Potential Analysis
7.3. Global Pressure Sensitive Adhesives Market Estimates & Forecasts by Verticles 2023-2030 (USD Billion)
7.4. Pressure Sensitive Adhesives Market, Sub-Segment Analysis

8. Global Pressure Sensitive Adhesives Market, Regional Analysis
8.1. Pressure Sensitive Adhesives Market, Regional Market Snapshot
8.2. North America Pressure Sensitive Adhesives Market
8.3. Europe Pressure Sensitive Adhesives Market Snapshot
8.4. Asia-Pacific Pressure Sensitive Adhesives Market Snapshot
8.5. Latin America Pressure Sensitive Adhesives Market Snapshot
8.6. Rest of The World Pressure Sensitive Adhesives Market

9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. Key InDurationation
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments

10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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