Global Pressure Sensitive Adhesives Market
The Global Pressure Sensitive Adhesives Market is expected to grow from US$ 11.57 Billion in 2021 to US$ 15.89 Billion by 2027; it is estimated to grow at a CAGR of 3.95% from 2021 to 2027.
When pressure is applied, the non-reactive self-adhesive pressure sensitive adhesives adhere to the various surfaces. Because of its high viscosity, it retains moist surfaces when it comes into touch. Pure polar attraction to a substrate's surface determines the pressure-sensitive adhesive's capacity to bind. Water, solvent, or heat are not necessary for the adhesive to be activated. It is extensively used in the construction, automotive, consumer electronics, and packaging industries.
Drivers: Pressure-sensitive adhesives are experiencing rapid market expansion due to rising consumer demand for lightweight, low-emission vehicles. In the automotive sector, panel lamination and trim are mostly made with polymer-based and hot adhesives. The automobile industry is also anticipated to generate demand for such adhesives due to growing awareness of low weight vehicles with improved fuel efficiency and fewer emissions. Thus, it is anticipated that rising consumer demand for fuel-efficient vehicles will stimulate market expansion. It is anticipated that the growing demand for smaller electronic devices, such as tablets, cell phones, and portable computers, will accelerate the market growth of pressure-sensitive adhesives. One of the well-known examples of electronic device miniaturisation is the smartphone.
Restraints: However, it is projected that variations in raw material costs may impede the expansion of the market for pressure-sensitive adhesives. Due to the rising cost of the raw materials used in their production, the market for pressure-sensitive adhesives is seeing a limited rate of expansion. Another significant obstacle facing the adhesives business is the shortage of a crucial raw material used in the production of water-based and other adhesives.
Impact of Covid-19
The COVID-19 pandemic's aftereffects had a negative effect on the market for pressure-sensitive adhesives. Pressure sensitive adhesives are mostly used in the automotive, electronics, building and construction, consumer products, and other industries. In the automotive sector, pressure sensitive adhesives are utilised in a wide range of applications, such as assemblies, securing carpets to various interior substrates, securing brake shims, wrapping cables, bonding foam and fibre, securing gaskets in various configurations, and more. However, the demand for PSAs from the automobile sector has decreased due to detrimental effects on the industry.
Segmentation By Chemistry: Rubber PSAs are softer and less sturdy than acrylic PSAs. Acrylics have outstanding anti-aging qualities, excellent oxidation, temperature, and UV radiation resistance, good environmental resistance, a quick cure time, a good balance of adhesion and cohesiveness with excellent water resistance, and high peel, tack, and shear strengths. They are suited for usage in a variety of applications due to their high temperature tolerance and strong bonding with polar surfaces like metal, glass, polyester, and polycarbonates, which accounts for their significant market share in pressure sensitive adhesives.
Segmentation By Technology: Pressure-sensitive tapes, labels, adhesive dots, note pads, automobile trims, films, and peelable are just a few products that use water-based technology. Other industries that use it include packaging, electrical, electronics & communications, medical & healthcare, and automotive.
Segmentation By Application: The largest revenue-generating segment in 2020 was the tapes application segment, and it is predicted that this segment will grow at a CAGR of 5.5% during the forecast period. Applications for PSA tapes include masking tape, electrical tape, gasketing, sealing, dampening vibrations, managing heat, and other things.
Segmentation By Region: Pressure Sensitive Adhesives Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of Pressure Sensitive Adhesives Market are Henkel AG & Company KGAA (Germany), The Dow Chemical Company (US), Avery Dennison Corporation (US), H.B. Fuller (US), 3M Company (US), Arkema Group (France), Sika AG (Switzerland), Scapa Group PLC (UK), and Ashland Inc., (US).
Industrial Development
Market Taxonomy
By Chemistry
By Technology
By Application
By Region
Key Questions Addressed by the Report
Global Pressure Sensitive Adhesives Market
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sizes
3. Executive Summary
4. Global Pressure Sensitive Adhesives Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Pressure Sensitive Adhesives Market, By Chemistry
5.1 Y-o-Y Growth Comparison, By Chemistry
5.3 Global Pressure Sensitive Adhesives Market Size and Forecast, By Chemistry
5.3.1 Acrylic
5.3.2 Rubber
5.3.3 Silicone
5.3.4 Others
6. Global Pressure Sensitive Adhesives Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Pressure Sensitive Adhesives Market Share Analysis, By Technology
6.3 Global Pressure Sensitive Adhesives Market Size and Forecast, By Technology
6.3.1 Water-based
6.3.2 Solvent-Based
6.3.3 Hot-melt
6.3.4 Radiation
7. Global Pressure Sensitive Adhesives Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Pressure Sensitive Adhesives Market Share Analysis, By Application
7.3.1 Tapes
7.3.2 Labels
7.3.3 Graphics
7.3.4 Others
8. Global Pressure Sensitive Adhesives Market, By Region
8.1 Global Pressure Sensitive Adhesives Market Share Analysis, By Region
8.2 Global Pressure Sensitive Adhesives Market Size and Forecast, By Region
8.2 Global Pressure Sensitive Adhesives Market Size and Forecast, By Region
9. North America Pressure Sensitive Adhesives Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Pressure Sensitive Adhesives Market Share Analysis, By Chemistry
9.3 North America Pressure Sensitive Adhesives Market Size and Forecast, By Technology
9.4 North America Pressure Sensitive Adhesives Market Size and Forecast, By Application
9.5 North America Pressure Sensitive Adhesives Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Pressure Sensitive Adhesives Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Pressure Sensitive Adhesives Market Share Analysis, By Chemistry
10.3 Europe Pressure Sensitive Adhesives Market Size and Forecast, By Technology
10.4 Europe Pressure Sensitive Adhesives Market Size and Forecast, By Application
10.5 Europe Pressure Sensitive Adhesives Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe
11. Asia Pacific Pressure Sensitive Adhesives Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Pressure Sensitive Adhesives Market Share Analysis, By Chemistry
11.3 Asia Pacific Pressure Sensitive Adhesives Market Size and Forecast, By Technology
11.4 Asia Pacific Pressure Sensitive Adhesives Market Size and Forecast, By Application
11.5 Asia Pacific Pressure Sensitive Adhesives Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific
12 Latin America Pressure Sensitive Adhesives Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Pressure Sensitive Adhesives Market Share Analysis, By Chemistry
12.3 Latin America Pressure Sensitive Adhesives Market Size and Forecast, By Technology
12.4 Latin America Pressure Sensitive Adhesives Market Size and Forecast, By Application
12.5 Latin America Pressure Sensitive Adhesives Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Pressure Sensitive Adhesives Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Pressure Sensitive Adhesives Market Share Analysis, By Chemistry
12.3 Middle East Pressure Sensitive Adhesives Market Size and Forecast, By Technology
13.4 Middle East Pressure Sensitive Adhesives Market Size and Forecast, By Application
13.5 Middle East Pressure Sensitive Adhesives Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Henkel AG & Company KGAA (Germany)
15.1. Overview
15.1.2 Offering
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 The Dow Chemical Company (US)
15.2.1. Overview
15.2.2 Offering
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Avery Dennison Corporation (US)
15.3.1 Overview
15.3.2 Offering
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. H.B. Fuller (US)
15.4.1 Overview
15.4.2 Offering
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. 3M Company (US)
15.5.1 Overview
15.5.2 Offering
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Arkema Group (France)
15.6.1 Overview
15.6.2 Offering
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Ashland Inc., (US)
15.7.1 Overview
15.7.2 Offering
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
