Market Research Report
Pressure Sensitive Adhesives - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||531870|
|Published||Content info||160 Pages
Delivery time: 1-2 business days
|Pressure Sensitive Adhesives - Global Market Outlook (2017-2023)|
|Published: June 1, 2017||Content info: 160 Pages||
According to Stratistics MRC, the Global Pressure Sensitive Adhesives market is estimated at $8.12 billion in 2016 and is expected to reach $13.63 billion by 2023 growing at a CAGR of 7.6% from 2016 to 2023. Factors such as high demand for PSAs in Asia-Pacific, product innovation, growth in flexible packaging industry and rising demand for lightweight and low-emission automobiles are fostering the market growth. In addition, rising acceptance of bio-based PSAs is anticipated to offer huge opportunity for market growth. However, rise in raw material prices and stringent government regulations are some key factors hindering the market growth.
Amongst Application, labels segment acquired the largest market share during the forecast period. Growth for this segment is expected to be driven by wide application scope in food & beverage, health & beauty, transportation, and security industries. By End User, packaging segment emerged as the leading end-user segment owing to the essential role that packaging plays in logistics. Furthermore, advancements in packaging technologies along with the increasing use of flexible packaging materials will boost the segment to grow. Asia-Pacific region dominated the global market. The growth of the market in this region is due to fast industrialization and increasing infrastructural developments. Moreover, growing disposable income along with easy availability of funds via EMI and personal loans has prompted the demand for automobiles in the region.
Some of the key players in the market include The DOW Chemical Company, The 3M Company, Sika AG, Scapa Group PLC, Hexion, Henkel AG & Co. KGaA, H.B. Fuller, Drytac, DOW Corning, Avery Dennison Corporation, Ashland Inc., Avery Dennison Corp., Arkema Group, Alfa International Corporation, Adhesive Technologies Inc. (AdTech) and Additional Companies.
Note: Tables for North America, Europe, APAC and RoW Regions are also represented in the same manner as above.