Pressure Sensitive Adhesives Market - Automotive OEMs to substitute regular adhesive tapes with low-emission PSAs
PUNE, India, Nov. 1, 2022 /PRNewswire/ -- Maximize Market Research has published a report on the Pressure Sensitive Adhesives Market that provides a detailed analysis for the forecast period of 2022 to 2029. According to the report, the Pressure Sensitive Adhesives Market was valued at USD 1.38 Billion in 2021, and it is expected to reach USD 2.34 Billion by 2029, at a CAGR of 6.8% during the forecast period.
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Pressure Sensitive Adhesives Market Report Scope & Research Methodology:
The research includes complete market insights for industry stakeholders, including an explanation of complex market statistics in clear terms, the history and current state of the industry, as well as estimated market size and trends. The study looks at all industry segments (Chemistry, Technology, Application, End-User, and Region), with a focus on major firms such as market leaders, followers, and new entrants. The report is an investor's guide since it provides a comprehensive picture of the competitive landscape of leading players in the Pressure Sensitive Adhesives market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.
Secondary research is used to identify key companies in the Pressure Sensitive Adhesives market, while primary and secondary research is used to determine their market revenues. Interviews with key opinion leaders and industry specialists such as competent front-line staff, entrepreneurs, and marketing professionals were conducted as part of primary research, while a review of annual and financial reports of prominent manufacturers was conducted as part of secondary research. Henkel AG & Co. KGaA, 3M, Avery Dennison Corp., and H.B. Fuller are some of the major players in the global Pressure Sensitive Adhesives market, and the report not only represents global companies but also includes the market holdings of local players in each country. The market structure illustrated in each country, with market holdings by market leaders, followers, and local companies, provides a full insight into the research. The report covers the market's mergers and acquisitions, strategic alliances, joint ventures, and partnerships by region, investment, and strategic intent.
Pressure Sensitive Adhesives Market Overview:
Because of their capacity to form bonds across a variety of materials and surface types (e.g., paper, wood, metals, plastics, and ceramics), pressure-sensitive adhesives are utilized in a wide variety of applications. Common uses include pressure-sensitive labels, packaging, tapes, glue dots, note pads, post-it notes, car trim, protective films, sound/vibration reducing films, masking tapes, price marking labels, marketing materials, and skin contact applications.
Pressure Sensitive Adhesives Market Dynamics:
As interest in compact and unique designs intensifies, so does the need for thin and flexible screens. Flexible screens are distinguished by their intended use and function. PSAs have quickly acquired prominence in electronics for applications including shock absorption, thermal and electrical conductivity, electromagnetic shielding, and optical property. Optically clear adhesives are used as the primary material for the optical performance of the display.
Customer-oriented criteria such as stickiness, biocompatibility, and permeability for water vapor or air are the focus of self-adhesive medical product development. The user seeks highly acceptable, permeable items with outstanding skin adhesion and release properties. On the other hand, the economic aims of medical product manufacturers must be considered. An example would be an increase in machine speed and a reduction in manufacturing costs, as well as the environmental concerns related to both the product and the process.
The three domains, namely raw materials, technology, and application, serve as the foundation for adhesives for medical product development trends. The use of well-tolerated compounds with minimal allergenic potential is the most critical feature in raw materials. Also, other external variables limit the alternatives. Arguments about the use of animal-derived raw materials in the creation of pharmaceutical products are one example.
Pressure Sensitive Adhesives Market Regional Insights:
The Asia-Pacific region dominated the Pressure Sensitive Adhesives market in 2021, with a market share of around 40%, and is likely to retain its dominance by the end of the forecast period. The region's rapidly growing industrial sector, growing foreign investment, and rising demand for tapes and labels are all contributing to the region's prominence. China, India, Japan, and South Korea supply more than 80% of the demand for pressure-sensitive adhesives.
China is a key manufacturer of adhesive goods (tapes, labels, etc.), and the majority of its customers are concerned with product quality, vendor product selection, and reducing adhesive wastage. As a result, global corporations have taken over the Chinese market for pressure-sensitive adhesives. The same motivation drives local producers to invest in R&D to capture a significant portion of the national market.
Pressure Sensitive Adhesives Market Segmentation:
By Chemistry:
- Acrylic
- Rubber
- Silica
- EVA
- Others
By Technology:
- Water-based
- Solvent-based
- Hot Melt
- Radiation
By Application:
- Labels
- Tapes
- Graphics
- Others
By End-User:
- Packaging
- Electronics
- Automotive & Transportation
- Medical & Healthcare
- Others
Pressure Sensitive Adhesives Market Key Competitors:
- Henkel AG & Co. KGaA
- 3M
- Avery Dennison Corp.
- H.B. Fuller
- Arkema Group
- Sika AG
- RPM International Inc.
- LINTEC Corp.
- Illinois Tool Works Inc.
- Huntsman Corp.
- DuPont
- Wacker Chemie AG
- Berry Global Inc.
- Pidilite Industries Ltd.
- Nan Pao Resins Chemical Co., Ltd.
- Jowat SE
- Mactac
- Ashland Performance Adhesives
- DELO Industrial Adhesives
- General Sealants, Inc.
- The DOW Chemical Company
- Scapa Group PLC
- Additional Companies
- LG Chem
- SABIC
- BASF SE
- Sumitomo Chemicals
Key Questions answered in the Pressure Sensitive Adhesives Market Report are:
- What is the competitive scenario of the Pressure Sensitive Adhesives Market?
- Which are the key factors aiding the Pressure Sensitive Adhesives Market growth?
- Which region is expected to hold the largest share of the Pressure Sensitive Adhesives Market by 2029?
- What will be the CAGR of the Pressure Sensitive Adhesives Market during the forecast period?
- Which are the prominent players in the Pressure Sensitive Adhesives Market?
- What key trends are likely to emerge in the Pressure Sensitive Adhesives Market the during the forecast period?
- What is the expected Pressure Sensitive Adhesives Market size by 2029?
- Which company held the largest share of the Pressure Sensitive Adhesives Market in 2021?
- Which application segment is expected to emerge as the leading segment in the Pressure Sensitive Adhesives Market?
- Which product segment held the largest share of the Pressure Sensitive Adhesives Market in 2021?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Chemistry, Technology, Application, End-User, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Maximize Market Research is leading chemical & material research firm, has also published the following reports:
Acrylic Adhesives Market - Acrylic Adhesives Market size is expected to reach USD 17.41 Billion by 2029, at a CAGR of 5.81% during the forecast period. Acrylic adhesives are distinguished by their great performance and ability to be utilized in a wide range of end-use industries, including construction, packaging, and pharmaceutical.
Anaerobic Adhesives Market - Anaerobic Adhesives Market size is expected to reach USD 801.96 Million by 2029, at a CAGR of 6.5% during the forecast period. Only in the absence of air/oxygen can these adhesives form. They have a modest, subtle odor and are less dangerous than other acrylics.
Automotive Adhesives and Sealants Market - Automotive Adhesives and Sealants Market size is expected to reach USD 10.02 Billion by 2029, at a CAGR of 6.01% during the forecast period. The use of adhesives in vehicle assembly is increasing as manufacturers continue to explore ways to make cars lighter and more fuel-efficient.
Hot Melt Adhesives Market - Hot Melt Adhesives Market size is expected to reach USD 12.63 Billion by 2029, at a CAGR of 4.8% during the forecast period. The demand for excellent melt adhesives is expected to grow as a result of robust industrialization and simple access to raw materials.
Bonding Films Market - Bonding Films Market size is expected to reach USD 1724.88 Million by 2029, at a CAGR of 8.04% during the forecast period. The packaging industry growth, as well as the increased popularity of lightweight vehicles, would have a positive impact on and considerably boost the growth of the bonding film market.
Adhesive Tapes Market - Adhesive Tapes Market size is expected to reach USD 99.34 Billion by 2029, at a CAGR of 5.9% during the forecast period. Rising energy costs have impacted the adhesives industry, resulting in increased manufacturing costs.
Adhesives and Sealants Market - Adhesives and Sealants Market size is expected to reach USD 129.8 Billion by 2029, at a CAGR of 4.53% during the forecast period. The advent of non-hazardous and sustainable adhesives and sealants is expected to open up a slew of new market prospects during the forecast period.
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