Press release
Pressure Sensitive Adhesives Market Rising at 5.5% CAGR to 2024: Analysis of Key Players, Trends, Drivers, & Challenges
Pressure sensitive adhesives market will witness growth owing to is increasing usage in the automotive and transportation industry. PSAs have been increasingly used in vehicles as an alternative to bolts, clips, and rivets. This is done to improve the speed and ease of assembly of the vehicle by liquid adhesive use. PSA tapes are employed to reduce weight, advance the performance, improve aesthetics, and save time & money. These factors are will fuel the pressure sensitive adhesives market in the forecast timespan.
Pressure Sensitive Adhesives Market will likely surpass USD 11 billion by 2024; as reported in the latest study.
Request a sample copy of Pressure Sensitive Adhesives Market Research Report @ https://www.marketstudyreport.com/request-a-sample/797213/?utm_source=opr-SK
Increasing raw material prices for natural and synthetic rubber, acrylate monomers, organic and inorganic chemicals used in the production of PSA tapes may be considered as a restraint for the pressure sensitive adhesives market. Pricing and availability of these raw materials are the prominent factors upon which the product cost structure is decided. Most of the aforesaid raw materials are petroleum derivatives, and susceptible to fluctuations in oil prices. These factors may act as barriers in the pressure sensitive adhesives market growth.
Pressure sensitive adhesives market is classified based on technology as water-based, solvent-based, hot-melt, and UV-cured. Considering volume, water-based segment held a maximum share in the product market and is said to grow at a significant CAGR to surpass USD 4 billion by the end of 2024. Solvent-based segment will grow at a highest CAGR of over 5.5% in the upcoming years.
Considering products, the pressure sensitive adhesives market is bifurcated into silicone, acrylic, rubber-based, and others, which include polyurethanes, EVA, etc. Silicone pressure sensitive adhesive market will grow at a lucrative rate owing to the product's increasing use in medical applications and personal garments. The acrylic segment is said to showcase moderate growth and surpass USD 2.5 billion by 2024.
Enquire about this report @ https://www.marketstudyreport.com/enquiry-before-buying/797213/?utm_source=opr-SK
Considering application, pressure sensitive adhesives market is segmented into films & laminates, graphics, labels, tapes, and others. The others segment consists of dental adhesives, automotive trims, etc. Development in food & beverage industry, and increasing packed food consumption will positively influence the labels segment in the pressure sensitive adhesives market. It is the fastest growing segment and will exhibit growth with CAGR of over 6% in the forecast spell.
According to the end-user industries, pressure sensitive adhesives market is segmented as healthcare & medical, laminates & electronics, packaging, transportation & automotive, construction & building, beverages & food, and others. Packaging segment will hold the highest market share close to 30% by 2024. Electronics & laminates segment will grow at a highest CAGR to surpass USD 3.3 billion by the end of the forecast period.
Pressure sensitive adhesives market is classified on the basis of region where Asia Pacific held a significant share in 2016 and will surpass USD 4.5 billion by the end of the forecast period. In terms of volume the region will hold the highest share by 2024 owing to rising industrial activities and development in the packaging, electronics, and food & beverages industry. Europe market will showcase growth at a sluggish rate in the forecast period due to the developed market in this region paired with the stringent governmental norms.
Key players present in the pressure sensitive adhesives market are Dow Corning, Sika, 3M, Henkel, Arkema, H B Fuller, Avery Dennison, BASF, Bostic, Ashland, Mapei, Evonik, LG Chem, Wacker Chemie, Momentive and others.
For more information on this report, please visit @ https://www.marketstudyreport.com/reports/pressure-sensitive-adhesives-market/?utm_source=FR-SK
Related Reports: -
Global Pressure Sensitive Adhesives Tape Market Research Report 2018
In this report, the global Pressure Sensitive Adhesives Tape market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 201...
https://www.marketstudyreport.com/reports/global-pressure-sensitive-adhesives-tape-market-research-report-2018/?utm_source=RR-SK
About Us:
Centralize market research purchases across your entire organization in one place. Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report
The Green Suite #4594,
Dover, DE 193001
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2300
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pressure Sensitive Adhesives Market Rising at 5.5% CAGR to 2024: Analysis of Key Players, Trends, Drivers, & Challenges here
News-ID: 956206 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Pressure
Benefits of Pressure Washing With Cen-Cal Pressure Pros
Fresno, CA - Over time, a property's exterior surfaces will collect debris, causing them to lose their visual appeal. This negative effect will become more and more noticeable over time, eventually causing property owners to seek out the best solution. In most cases, pressure washing [https://www.cencalpressurepros.com/pressure-washing-company-in-fresno-ca/] is the go-to answer to dirty exterior surfaces. Pressure washing uses high-pressure water to disturb and remove debris from these surfaces. This process has…
Ensuring Pressure Washing Safety With D4S Pressure Washing
Tampa, FL - Pressure washing [https://www.d4spressurewashing.com/pressure-washing-company-in-tampa-fl/] is an effective way of restoring a property's exterior surfaces. The process makes them cleaner, and as a result, more visually appealing. However, pressure washing does not come without its fair share of challenges. For instance, pressure washing uses highly pressurized water, and handling this force can cause significant harm or damage if the correct precautions are not taken. Learn what precautions to take…
How Midland Pressure Washing Conquers Pressure Washing Challenges
Leawood, KS - Pressure washing [https://www.midlandpressurewash.com/pressure-washing-company-in-leawood-ks/] does not go the exact same way every single time. In fact, this versatile process is used to clean a variety of different surfaces, and the precise details of pressure washing can be customized to match the job. With some knowledge of the demands of every surface that needs to be cleaned, residential and commercial property owners can harness the power of pressure washing…
Pressure Washing vs. Soft Washing With Riptide Pressure Washing
Wilmington, NC - The exterior surfaces of any property will become dirty over time. When this occurs, the owner of the property may become interested in cleaning them. However, the best way to accomplish this work may not be immediately clear. Should exterior surfaces be pressure washed, or soft washed? And what precisely is the difference between these two options? Riptide Pressure Washing [https://www.riptide-wash.com/] proudly provides pressure washing [https://www.riptide-wash.com/pressure-washing-company-in-wilmington-nc/] and…
DIY Pressure Washing Versus Professional Pressure Washing
West Hartford, CT - When a property's exterior surfaces become coated with dirt and debris, the property owner may decide the surfaces need to be pressure washed. At this point, the property owner has to make an important decision. Will they attempt to clean those exterior surfaces on their own? Or will they reach out to a professional business for the help they need? Both of these paths are valid…
Precision Under Pressure: Trends in Fluid Pressure Sensors
The Business Research Company recently released a comprehensive report on the Global Fluid Pressure Sensors Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, the fluid pressure…
