Pressure Sensitive Adhesives Market expected to Witness Huge Revenue Growth 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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Pressure-sensitive adhesives (PSAs) are thermoplastic materials commonly formulated using acrylic monomers and polymers with low glass transition temperatures. Known for their versatility, cost-effectiveness, and superior performance, PSAs are particularly well-suited for labeling applications. Due to their polar characteristics, PSAs demonstrate strong adhesion to polar substrates such as metals, glass, polyesters, polycarbonates, and neoprene, which are key factors driving the growth of the pressure-sensitive adhesives market.

The increasing adoption of flexible packaging as an efficient solution for packaging, distributing, and storing food, pharmaceuticals, beverages, and other products requiring extended shelf life has significantly contributed to market expansion. Over the past decade, the flexible packaging industry has seen substantial growth, driven by rising demand from end users. As a result, pressure-sensitive adhesives have become an essential material for packaging engineers, ensuring secure packaging during transit and delivery. These factors collectively contribute to the growing demand for pressure-sensitive adhesives, further accelerating 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

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Market Dynamics
Drivers:
The growing demand for bio-based pressure-sensitive adhesives (PSAs) is expected to create new growth opportunities during the forecast period. The global shift towards sustainable solutions has accelerated the adoption of bio-based PSAs, which are produced by incorporating commercially available acrylates with bio-derived monomer chains, with approximately 60% of the components sourced from renewable materials. These bio-based adhesives offer superior performance compared to traditional options and are compatible with existing manufacturing processes, such as mini-emulsion polymerization and conventional emulsion methods, which facilitate efficient production.

Challenges:
Volatility in raw material prices is anticipated to hinder the growth of the pressure-sensitive adhesives market. The increasing costs of key raw materials required for PSA production are placing significant pressure on the market. Additionally, shortages of critical materials, particularly for water-based adhesives, are expected to pose further challenges. The scarcity of vinyl acetate monomer (VAM) is largely due to the closure of production facilities in Europe, the United States, and the Asia-Pacific region, caused by plant failures, accidents, or scheduled maintenance. Moreover, regulations aimed at limiting volatile organic compound (VOC) emissions, enacted by governments in both developed and developing regions to protect the ozone layer and mitigate health risks, present additional compliance challenges for the PSA industry.

Regional Trends:
The Asia-Pacific pressure-sensitive adhesives market is projected to capture a significant revenue share and experience robust growth in the coming years. This expansion is driven by increased infrastructure development in countries such as India and China, which is boosting demand for construction chemicals and PSAs. Additionally, the rising demand for low-VOC adhesives in countries like China, Japan, and India is propelling the growth of water-based PSA products. In North America, the packaging industry is undergoing a shift, with the manufacturing and industrial sectors increasingly adopting flexible packaging solutions, further contributing to the market's 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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This release was published on openPR.