The global pressure sensitive adhesives market is currently valued at USD 5,962.7 million in 2014 and is expected to reach USD 8,602.85 million by 2020, growing at a CAGR of 6.3% during the forecast period 2014-2020
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Pressure sensitive adhesives (PSA) or self-stick adhesives are those adhesives which form a bond between the adhesive and adherent when pressure is applied. They maintain a fine balance between adhesion and cohesion.
These adhesives do not require a chemical reaction to develop the adhesion force. They do not need activation either by heat, water or solvent to apply a strong holding force on the various materials such as plastic, cement, metal, paper, and wood.
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Pressure sensitive adhesives (PSA), owing to their viscous and elastic properties, and peel & shear resistance properties combined with initial tack, are becoming an integral part of various commercial and industrial sectors.
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Market Dynamics of the Global Pressure Sensitive Adhesives Market
Increasing adoption of low-cost flexible packaging
Rapidly growing market in the Asia-Pacific region due to growing construction and automotive industry
Volatility in the raw material prices
Stringent environmental regulations regarding VOC emissions
Global Pressure Sensitive Adhesives Market Segmentation
The global pressure sensitive adhesives (PSA) market can be broadly segmented on the basis of technology (water-borne, solvent-borne, hot melt, and radiation), and on the basis of applications (tapes, labels, graphics, and others). The water-borne technology segment, in terms of technology, is expected to be the fastest-growing segment in the market owing to the enactment of stern environmental regulations by the governments across the world to reduce the VOC emissions.
The tapes segment, in terms of applications, accounted for about XX.XX% share of the global pressure sensitive adhesives (PSA) market in 2014. The market has also been geographically segmented into the Asia-Pacific, North America, Europe, South America, and Middle-East & Africa.
In terms of consumption in 2014, APAC led the market with a share of about 56%. With the improvement in the financial status of the consumers, the purchasing power of the middle-class consumers has increased, which in turn, is increasing the demand for automobiles and buildings in the Asia-Pacific region, in turn making the region an area of immense potential and opportunities.
However, the volatility in the raw material prices in the region has considerably hindered the growth of this market.
Furthermore, the recovering construction industry in the European region and adoption of bio-based pressure sensitive adhesives will offer numerous opportunities for the growth of the global pressure sensitive adhesives (PSA) market. Some of the major players in the pressure sensitive adhesives market discussed in the report are:
Arkema Group (Bostik SA)
Collano Adhesives AG
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Key Deliverables in the Study
Market analysis for the global pressure sensitive adhesives (PSA) market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global pressure sensitive adhesives (PSA) market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and to also identify the regions that are still untapped.
Key Questions Answered In This Report
· What will the market size and the growth rate be in 2022?
· What are the key factors driving this report?
· What are the key market trends impacting the growth of this report?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the vendors in this report?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA?
· What are the key outcomes of the five forces analysis of this report?
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