Pressure Sensitive Adhesives Industry 2020 Trends, Growth Opportunities, Industry Revenue and Business Analysis by Forecast
Pressure Sensitive Adhesives Industry
Pressure Sensitive Adhesives Market is projected to be worth USD 14.5 Billion by 2030, registering a CAGR of 6.3% during the forecast period (2022–2030).
Available for permanent and removable applications, pressure-sensitive adhesives are used in buildings for HVAC ductwork, and in automotive applications. These applications are good examples of permanent use. Meanwhile, removable pressure-sensitive adhesives have a temporary effect and include notepads, masking tapes, price labels, and a wide number of other applications. Industries such as packaging, healthcare, and automotive make extensive use of pressure sensitive adhesives.
A number of consumer goods in stationary equipment are also made using pressure sensitive adhesives. Increasing buying power due to rapid economic growth, particularly in emerging economies has increased demand for automotive vehicles, consumer goods, and electrical & electronics industry, thus leading to increased use of pressure-sensitive adhesives. Increasing applications in the F& B sector are also expected to contribute to the growth of the market. Moreover, the rapid growth of the e-commerce industry has put a high demand on the pressure-sensitive adhesives market which is expected to translate into significant growth over the review period.
Market Segmentation
The global Pressure Sensitive Adhesives Industry , in MRFR’s report, has been analyzed by its many parts in the report which has been segmented on the basis of technology, product, end-user, and region. Technologies involved in pressure-sensitive adhesives include water-based, solvent-based, hot melt, and radiation. Product types of pressure-sensitive adhesives include graphic films, tapes, labels, and others. The labels segment is expected to dominate the market and grow at the highest CAGR during the forecast period due to the growth of the e-commerce industry which has led to the increasing demand for warehouse and organization solutions. End-users of pressure-sensitive adhesives have been segmented into packaging, electrical & electronics, automotive, consumer goods, and others.
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The global division of the market has segmented it into regions such as North America, Asia Pacific, Europe, and the Rest of the World.
Regional Analysis
The Asia Pacific market has the lion’s share of the global pressure sensitive adhesives market. The region has a significant packaging and automotive industry due to its increasing global positioning as an industrial hub. The region has a high concentration of emerging economies where consumers are witnessing an increase in purchasing power, and there is easy availability of personal loans, EMI schemes and other personal financing options for large purchases, such as automotive. Moreover, the electrical & electronics industry in the region is also witnessing rapid growth. Country-level markets leading growth include China, Japan, India, Australia, and Indonesia. Among these, China has the largest share of the APAC market.
Key Players
MRFR’s report includes detailed profiling of notable market players such as Nitto Denko Corporation, The Dow Chemical Company, Jonson Tapes Limited, 3M, H.B. Fuller Company, Collano Adhesives AG, Advance Tapes International Limited, Reflex Labels Ltd., Intertape Polymer Group, Inc., Sika AG, Henkel AG & Company KGaA, Avery Dennison Corporation, Tesa SE, Lintec Corporation, and Ashland Inc.
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Latest Industry News
· Mactac Performance Adhesives Group has launched PUREapply, a new pressure sensitive adhesive which is ideal for semi-rigid or rigid containers.
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