Market Research Report
Pressure Sensitive Adhesives Market by Chemical Composition, Technology, Application, and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030
|Pressure Sensitive Adhesives Market by Chemical Composition, Technology, Application, and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: July 1, 2021
Allied Market Research
Content info: 476 Pages
Delivery time: 2-3 business days
The global pressure sensitive adhesives market forecast was valued at $9.8 billion in 2020, and is projected to reach $17.6 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
Pressure sensitive adhesives come under the category of non-reactive materials, and bond formation in these types of adhesives occurs when some pressure is applied on the substrate. It is manufactured in liquid and solid form.
The growth of the global pressure sensitive adhesives market is driven by increase in adoption of PSAs in automotive, packaging, and building & construction end-use industries. Utilization of pressure sensitive adhesives (PSAs) in construction activities such as wood connections made with high performance PSAs tapes has significant promise for mitigating damage in buildings under high wind or seismic conditions. Advantages of using PSAs in the construction industry includes joint ductility and sealing protection from water-intrusion damage. In addition, pressure sensitive adhesive tapes are utilized for insulation of buildings to offer protection from various environmental factors such as cold, heat, noise, precipitation, and others. Thus, all these factors together are predicted to augment the demand for pressure sensitive adhesives global market.
However, Environmental Protection Agency (EPA) defined VOCs as "any compound of carbon, excluding carbon monoxide, carbon dioxide, carbonic acid, metallic carbides or carbonates, and ammonium carbonate, which participates in atmospheric photochemical reactions." VOCs found in certain pressure sensitive adhesives have the tendency to react with nitrogen oxides present in the atmosphere to form ozone, which poses a health threat by causing respiratory problems. Solvent-based adhesives contain certain solvents emit VOCs, owing to which the market is experiencing a shift towards VOC-free water-based adhesives, which is likely to hamper the market growth.
Conversely, increase in adoption of pressure sensitive adhesives in healthcare sector is predicted to offer new opportunity in the global market. There are several medical devices that need to be attached with skin, ileostomy, and colostomy are medical devices that will be attached to skin and requires proper adhesive for bearing load. Majorly, silicone based PSA are used for such application and it can also be used with prosthetic appliances or the impregnation of hairpieces. There has been a noteworthy rise in the number of hospitals and clinics in countries such as India and Malaysia, which has led to an increased demand for medical technology and equipment.
The pressure sensitive adhesives market is segmented on the basis of chemical composition, technology, application, end-use, and region. On the basis of chemical composition, the market is categorized into acrylic, rubber, ethylene vinyl acetate, silicone, polyurethane, and others. On the basis of technology, the market is categorized into water-based, radiation cured, solvent based, and hot melt. The applications covered in the study include tapes, labels, graphic, and others. By end use, the market is divided into packaging, automotive, healthcare, building & construction, electronics, consumer goods, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global pressure sensitive adhesives market profiles leading players that include The 3M Company, Henkel Ag & Co. KGAA, The Dow Chemical Company, Sika Group, Exxonmobil Corporation, Avery Dennison Corporation, H.B. Fuller, Arkema Group, Ashland Global Holdings Inc., and Wacker Chemical Corporation.
The global pressure sensitive adhesives market report provides in-depth competitive analysis as well as profiles of these major players.
Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
By Chemical Composition
Ethylene Vinyl Acetate
Building & Construction
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key players in the global pressure sensitive adhesives market are: