The Global Pressure Sensitive Adhesive Market is expected to reach USD 8.99 billion by 2026, growing at a CAGR of 6.9% during the forecast period of 2019 to 2026.
Pressure sensitive adhesives (PSA), can also be named as self-stick adhesives. They help in bond formation between the adhesive and adhered when pressure is applied and maintains a fine balance between the adhesion and cohesion. These adhesives do not require a chemical reaction for the development of the adhesive force and, neither needs activation by additional supply of heat, water or solvent. They have a strong holding force on various materials, such as plastic, cement, metal, paper and wood. They are either permanent or removable and have a wide range of substrates due to its viscosity, elasticity, and resistant properties. Pressure sensitive adhesive industry is expected to grow due to rapid growing demand in the labelling and packaging industries.
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Major Key players profiled in this report are:
Henkel AG & Company KGAA, The DOW Chemical Company, Ashland Inc., Avery Dennison Corporation, H.B. Fuller, 3M Company, DOW Corning, Arkema Group, Sika AG, Scapa Group PLC, Additional Companies, Drytac, Hexion, Avery Dennison Corp., Alfa International, Huntsman, Wacker Chemie AG, RPM International Inc., MAPEI, Bostik SA, Illinois Tool Works Inc., Royal Adhesives & Sealants, Mactac, Franklin International, Koch Enterprises Inc. and many more.
Major Market Drivers:
- Growing use of PSAs in tapes and labels
- Growing use of PSAs in buildings and construction
- High demand for PSAs in Asia-Pacific
- Product innovation and growth in flexible packaging
- Wide acceptance due to ease of adaptability of PSAs
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The global pressure sensitive adhesive market is segmented based on chemistry, technology, application, end-user, and geographical segments.
Based on chemistry, the global pressure sensitive adhesive market is segmented into acrylic PSA, rubber PSA, silicone PSA, EVA PSA and others. The acrylic PSA is further sub segmented into water-based acrylic PSA and solvent-based acrylic PSA.
On the basis of technology, the global pressure sensitive adhesive market is classified into Water-based PSA, solvent-based PSA, hot melt PSA, and radiation PSA. The water based PSA is further sub segmented into one-component water-based PSA and two-component water-based PSA.
On the basis of application, the global pressure sensitive adhesive market is classified into tapes, labels, graphics PSA and others. The tapes segment is further sub segmented into tapes and coating. The tape is further segmented specialty tapes and commodity PSA tapes. The coating is further sub segmented into single coated PSA tapes, double coated PSA tapes, reinforced PSA tapes and unsupported PSA tapes.
Based on geography, the global pressure sensitive adhesive market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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