Market Insights:
Pressure sensitive adhesives are expected to witness high demand during
the forecast period from 2017 to 2023. According to the latest report published
by Market Research Future the global pressure sensitive adhesives market is
expected to witness promising growth at a CAGR of 6.1% during the forecast
period. Pressure sensitive adhesives are available in a number of forms such as
tapes, labels, and glue dots, among others.
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.
Global Key Players:
·
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
·
Ashland
Inc.
Latest Industry News
- Mactac Performance Adhesives Group has
launched PUREapply, a new pressure sensitive adhesive which is ideal for
semi-rigid or rigid containers.
Market Segmentation
The global pressure sensitive adhesives market, 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.
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.
North America accounts for the second largest market due to stringent
regulation with regards to VOC emissions along with fuel efficiency norms which
drive the demand for pressure sensitive adhesives in industrial applications.
Europe is also a significant market while the Rest of the World includes
promising country level markets such as the U.A.E and Brazil.
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