The global pressure sensitive adhesive market size is expected to reach around US$ 16.0 billion by 2026 at noteworthy CAGR of 5.6% over the forecast period 2019 to 2026.
A growing demand from the packaging industry will be driving the pressurized adhesive markets. The product provides different advantages, including instant binding, versatility and user friendliness, which improves demand in logistics. PSA bonds to a multitude of substrates and coatings and producers follow the evolving innovation of packaging. As an option to bolts, rivets and other fasteners, PSAs have been used progressively in cars. This is performed to speed up and make installation by fluid adhesive use of the car easier. Other product advantages include the use of thinner and lighter materials, decreased installation time, insignificant surface finishing requirements, reductions in costs, etc. It can connect different products without incompatibility. The item has a range of end-users.
Pressure-sensitive adhesives are the adhesives which, when pressure is applied, conform to various substrates. Pressure-sensitive adhesives are primarily linked on the basis of polar attraction at the substratum surface. Several adhesive systems are used for the manufacture of press-sensitive adhesives such as solvent based and warm melting. Adhesives are suspended in solvent-based structures, while thermoplastic rubber is compounded by oils, tackle agents and antioxidants in warm melts. Pressure-sensitive adhesives are viscous and not stabilized; therefore remaining continuously tacky and capable of wetting contact surfaces.
The report provides analysis of global Pressure sensitive adhesive market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
As the automotive and electronics industries grow quickly, the development of the worldwide pressure-sensitive adhesive industry may result. The demand for light-weight automotive apps will be accelerated by increased pressure from regulatory organizations for improving kilometric flow, lightweight and low vehicle emissions. Most are pressurized with adhesives susceptible to pressure.
The demand for pressurized adhesives is projected to increase because of electronic device miniaturisation. Pressure-sensitive adhesives are used in a wide variety of applications including packaging, footwear, construction, auto and electronics. In the coming years, the focus could be on expanding the product portfolio and expanding the application base. There has been considerable growth in pressure sensitive adhesive markets due to strong demand from packaging and labeling sectors. A further increase in RFID labels was expected to have a positive effect on demand for pressure-sensitive labels in their role in making changes to inventory management. The main reason for this is that RFID labels are wireless non-contact tags, which are widely used in various end-use sectors including medical, packaging, architrain and automotive sectors.
Regulatory pressures on improved mileage efficiency and decrease in vehicle emission in automotive applications have increased the use of pressure-sensitive adhesives. Factors like stringent power efficiency legislation, growing public health issues and growing environmental issues regarding GHG emissions will affect market development with the increasing capacity of pressurized adhesives in labeling and automotive applications. The main drivers for global pressure-sensitive adhesives market are product innovation and development in flexible packaging markets. Other variables which are anticipated to complement the market growth are miniaturisation of the electronic appliances and the development in radio frequency detection (RFID) and radioscope labels in the medical sector. Increased automotive manufacturing and an increase of the focus for vehicle weight reduction are leading the area of Asia-Pacific in the prescribed adhesive industry.
In structural application, the scope of pressurizable adhesives should be expanded by current product innovations to improve the elasticity and rigidity modules. However, changes in raw materials prices and high public laws on emissions of volatile organic compounds (VOCs) restrict the development of the industry. Increased application of bio-based pressure sensitive adhesives and advances in adhesive tapes sensitive to stress is anticipated to deliver considerable expansion potential on the market.
In the pressurized adhesives industry, the water-based technology is the biggest product segment in terms of sales in the prediction time. Water based stickers can be used for different apps including graphics, labels, tapes etc. It offers good adherence to different substrates, outstanding die-cutting capabilities, superior water resistance and speed-coating suitability.
In optical applications solvent-based technology is used mainly. The tackers, solvents, polymers etc. are dissolved together. They have been used. The solvent based PSA's raw materials are oil products and are expensive compared with other classifications. PSA acrylic is more resistant to oxygen and heat. The products can be produced with different adhesive characteristics from a small adhesion and tapping capacity up to extremely large tapping capacity and can be permanently bonded to any material. Acrylic tapes have a wide range of temperatures to withstand up to 300 ° F. A rubber based product segment in the market is another important sector that is likely to develop in the predicted timeframe at considerable CAGR.
The market is divided into food & beverage, packaging, electronics and laminates, medical & healthcare, construction, automotive & transport and other products based on the end user. Packaging is the biggest end-user segment to develop in the prediction timeframe. It enables to quickly bond different materials and improve the appearance of the item. Another important sector in the industry, electronics and laminates, is likely to develop during the forecast time period in a substantial CAGR.
Asia Pacific is the world's biggest market for pressurized adhesives. One of the main causes for this sector is that over 40% of the worldwide packaging sector is in the area. The wealthy middle class is increasing and consumption is increasing in developing nations such as China, India and Korea. Due to the increase in manufacturing and infrastructure developments, the Asia-Pacific Region is the biggest national segment of the PSA market. The demand for pressurized adhesives from India, South Korea, China and Indonesia has been growing as the major consumers of, among others, Asia-Pacific as well as producers of PSAs.
In the foreseeable future it is anticipated that the rapid development of auto and electronics will catapult the regional market. Increasing demand is anticipated to boost market revenues on mobilizers, stationary and footwear and consumer goods. These variables have increased as a result of progress in developing nations such as India, China and Japan. Another reason for market development could be an increase in preference for silicone-based adhesives. An additional market boosting factor could be increased development of health infrastructure and the contribution of the medical industry. In the coming years, North America could be the second largest area in the world economy.
The development of the market in pressurized delicate adhesives is also anticipated to stay profitable for North America and Europe, driven primarily by strict legislation on VOC emissions, combined with fuel efficiency standards. Regulators like REACH and the United States In order to enhance sustainability, EPA has introduced rigorous regulations to respect the chemical industries, thereby generating demands for adhesives that meet pressure-sensitive standards.
Challenges and Opportunities
The development of the market growth of pressurized adhesives in the forecast period could hamper increased prices for raw materials such as acrylate, silicon, rubber and other chemical products. Some raw materials are products obtained from petroleum; therefore price fluctuations are also affected.
Global Pressure sensitive adhesive Market, By Composition
Global Pressure sensitive adhesive Market, By Type
Global Pressure sensitive adhesive Market, By Application
Global Pressure sensitive adhesive Market, By End Use Industry
Global Pressure sensitive adhesive Market, by Geography
The market research study on “Pressure Sensitive Adhesive Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Pressure sensitive adhesive market segments with market dynamics and their impact. The report also covers basic technology development policies.
Key Players & Strategies
The pressure sensitive adhesive market consists of key vendors such as Dow Dupont Inc., 3M, Sika, Momentive, BASF SE Avery Dennison, Henkel, Arkema and Ashland.