The
global Pressure Sensitive Adhesives Market size is
expected to reach USD 16.71 billion by 2030, as per the new report by Grand
View Research, Inc. The market is expected to expand at a CAGR of 4.3% from
2023 to 2030. Rising demand from packaging industry is predicted to drive the
Pressure Sensitive Adhesive (PSA) market growth. Water-based PSAs, also known
as emulsion PSA, led the market in 2022. The environmentally friendly nature of
these PSAs coupled with compliance with government regulatory bodies, such as
Environmental Protection Agency (EPA), is the crucial factor supporting the
segment growth.
Radiation
cured PSAs are estimated to witness the fastest CAGR over the forecast period.
They are typically based on acrylic formulations and provide an ideal solution
combining balanced performance, good weather resistance, and advantageous
processing. New product launches along with extensive R&D in radiation
cured technology are expected to propel the segment growth over the forecast
period. Packaging industry, especially food packaging, is one of the most
significant end-use industries. PSA labels and tapes help maintain the brand
image of the packaged product and are compatible with numerous substrates and
coatings.
They
offer significant advantages, such as instant bonding and user-friendly
application. In the automotive industry, labels play an important role in the
supply chain of a car. Majority of the total automotive labels are applied on
the automotive parts before car assembly in the supply chain. Several numbers
are stamped on pieces of metals and parts to aid in automotive assembly. Apart
from labeling, these tapes are used in the assembly of interior vehicle
components like dashboards, glass, mirrors, fabric, and carpet.
In
the construction industry, higher bonding speed, longer durability, extreme
weather resistance, and user-friendly features of acrylic tapes play a crucial
role. Acrylic construction tapes are an eco-friendly option as they produce
minimal off-gases and fumes. With stringent environmental codes and regulations
in the construction industry, PSA high-performing tapes are expected to emerge
as the ideal choice for architects and builders.
Related Press
Release@ Pressure Sensitive Adhesives Market Report
Pressure Sensitive Adhesives Market Report Highlights
- Water-based
technology led the market in 2022. These products are eco-friendly, which
is a significant factor driving the segment growth
- Tapes
segment led the market in 2022. Increasing demand for carton sealing from
the packaging industry and its increasing usage in automotive assembly is
the major factor driving the segment
- In terms of
revenue, graphic films are estimated to register the fastest CAGR of over
the forecast period. Increasing demand for vehicle graphics and
advertising graphics will stimulate the segment growth
- Silicone-based
adhesive formulations are estimated to expand at the fastest CAGR owing to
excellent weather resistance and long-term durability offered by these
formulations
- Asia Pacific
led the global PSAs market in 2022 owing to extensive product demand and
manufacturing activities in the region
- 3M Company,
Henkel, and Avery Dennison are the dominant industry participants owing to
their wide product portfolio and significant integration in the
manufacturing process
Pressure Sensitive Adhesives Market Segmentation
Grand
View Research has segmented the global pressure sensitive adhesives market on
the basis of technology, product, end-use, adhesive chemistry, and region:
Pressure Sensitive Adhesives Technology Outlook (Volume,
Kilotons; Revenue, USD Million, 2018 - 2030)
- Water-based
- Solvent-based
- Hot Melt
- Radiation-Cured
- Radiation-Cured
Hot Melt
- Radiation-Cured
Syrup-based
Pressure Sensitive Adhesives Chemistry Outlook (Volume,
Kilotons; Revenue, USD Million, 2018 - 2030)
- Acrylic
- Rubber
- Silicone
- Others
Pressure Sensitive Adhesives Product Outlook (Volume,
Kilotons; Revenue, USD Million, 2018 - 2030)
- Tapes
- Labels
- Graphic
Films
- Others
Pressure Sensitive Adhesives End-use Outlook (Volume,
Kilotons; Revenue, USD Million, 2018 - 2030)
- Automotive
- Electronics
- Consumer
Goods
- Packaging
- Construction
- Others
Pressure Sensitive Adhesives Regional Outlook (Volume,
Kilotons; Revenue, USD Million, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle East
and Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment