The global market for Pressure-sensitive Adhesive is expected to register a CAGR of more than 6.0% during the forecast period 2022-2027.
There exists a high demand for pressure sensitive adhesives from the packaging and medical & healthcare industries owing to the widespread coronavirus pandemic. PSA is a type of non-reactive adhesive, which forms a bond when pressure is applied to bond a surface with an adhesive. The special feature of PSAs is that they do not solidify, but remain viscous. As a result, they remain permanently tacky and have the potential to wet surfaces on contact. Wide acceptance owing to their ease of adaptability, their growing use in tapes and labels, and their high demand in APAC are driving the market for PSAs. Major factor driving the market studied is the increasing development of low-cost flexible packaging. On the flip side, stringent environmental regulations regarding VOC emissions are expected to hinder the growth of the market studied. The tapes segment dominated the market, and it is expected to grow during the forecast period, owing to the growing end-user industries, such as packaging, medical, and transportation. Due to the rise of the packaging and automotive industries in European nations, apparently, there is an increasing need for hot-melt adhesives. Consumers also have a strong preference for environmentally friendly products, eventually expanding the bio-based hot-melt adhesives market.
In February 2020, Henkel Adhesives Technologies opened its new production facility in Kurkumbh, India, near Pune. The unit aims to serve the growing demand for high-performance solutions in adhesives, sealants, and surface treatment products in Indian industries. Designed as a smart factory, the new plant also will also help a wide range of Industry 4.0 operations and meet the highest standards for sustainability.
2019-04-01: 3M Expands Adhesive Portfolio for Wearable Medical Devices--
Today, 3M announced it has added 3M™ Extended Wear Medical Transfer Adhesive, 4075 to its lineup of advanced adhesives for medical devices. Designed to laminate many substrates, 3M medical transfer adhesive, 4075 features an extended wear pressure-sensitive transfer adhesive and allows design engineers to use a variety of backings.
Pressure-sensitive Adhesive Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
Asia-Pacific is the most promising market for pressure-sensitive adhesives, accounting for over 40% of worldwide demand and is anticipated to dominate the market in the near future. This dominance can be due to the region's increasing demand for tapes and labels.
Over 80% of the demand for pressure-sensitive adhesives comes from China, India, Japan, and South Korea.
China is a major supplier of adhesive products (tapes, labels, etc.), and the majority of its clients are concerned about the product's quality, the vendor's product selection, and lowering adhesive dosage and waste. As a result, international players now have a monopoly on the Chinese market for pressure-sensitive adhesives. The use of pressure-sensitive adhesives has increased with transparent and filmic labels, shrink-wrap labels for fast-moving consumer goods (FMCG) makers, and flexible labels and multicolor wrap-around labels in India. The market for pressure-sensitive adhesives is still in its early stages of development, with more room for expansion in the future.
The Pressure-sensitive Adhesive Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Pressure-sensitive Adhesive Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Low Adhesive Strength will Hamper the Market Growth: Low adhesive strength provided by the pressure-sensitive adhesives (PSA) would further affect the growth of the market over the forecast period. The main challenges faced by the pressure sensitive adhesives (PSAs) are that the adhesive strength (shear and peel) is low and that it is generally sensitive to high temperatures and solvents. As a result, most pressure sensitive adhesives are unsuitable for high strength or structural applications. They are frequently used with substrates that are relatively weak, such as paper or film. Pressure sensitive adhesives are also unsuitable for rough surfaces and are relatively costly in terms of cost per bond area.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 6.0% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Henkel, XJY silicones, 3M, Bostik, Shin-Etsu Chemical, H.B.FULLER, DuPont, Topco Technologies, American Flexible Products (AFP), Silicone Solutions, Wacker Chemie, Kai Hua Tu Sheng Chemical |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 161 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Pressure-sensitive Adhesive Market?
The Pressure-sensitive Adhesive Market is growing at a CAGR of 6.0% over the next 5 years.
Who are the key players in Pressure-sensitive Adhesive Market?
Henkel, XJY silicones, 3M, Bostik, Shin-Etsu Chemical, H.B.FULLER, DuPont, Topco Technologies, American Flexible Products (AFP), Silicone Solutions, Wacker Chemie, Kai Hua Tu Sheng Chemical
What are the significant types of Pressure-sensitive Adhesive Market?
Water Based, Solvent Based, Hot Melt & Radiation, Other
What are the major end-use applications of Pressure-sensitive Adhesive Market?
Industrial Tapes, Medical Tapes, Other
On the basis on type, which segment holds the major share in the Pressure-sensitive Adhesive Market?
Water Based segment held the largest share in Pressure-sensitive Adhesive market.
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