Global Pressure Sensitive Adhesives Market
Global Pressure Sensitive Adhesives Market Report Description:
Global pressure sensitive adhesives market report gives comprehensive outlook on pressure sensitive adhesives across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global pressure sensitive adhesives market gives historical, current, and future market sizes (US$ Mn) on the basis of technology, resin, application, end user and region. This report studies global pressure sensitive adhesives market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global pressure sensitive adhesives market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global pressure sensitive adhesives market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global pressure sensitive adhesives market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global pressure sensitive adhesives products.
Global Pressure Sensitive Adhesives Market:
The global pressure sensitive adhesives market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Rising demand for pressure sensitive adhesives from the packaging industry, miniaturization of electronic devices, rapid expansion of the automotive and electronics sectors, rising disposable income among individuals and advancements in adhesive technology are some major factors responsible for the market growth. However, factors such as high prices of raw materials and strict regulations reshaping the PSA are hindering the market growth. In addition, high growth in emerging economies provides huge growth opportunity for the market.
Increasing Demand for Pressure Sensitive Adhesives from Automotive Industry is Fueling the Market Growth
Pressure-sensitive adhesives (PSAs) are often selected to replace mechanical bonding methods in the automotive industry for component manufacturing and assembly because they offer increased quality and performance, less waste and reduce assembly times. For years, they have been creating new opportunities for improved production processes in the automotive and transportation industry. When compared to alternative fastening methods, PSAs provide a more efficient way to lower costs while improving the speed and efficiency of assembly operations. In addition, they increase productivity in complex assembly processes like those used in the industry. Automotive converters and OEMs are closely collaborating with PSA manufacturers and suppliers is essential to ensure the highest PSA performance results to meet the outlined needs of a product’s lifecycle. Hence, increasing demand for pressure sensitive adhesives from automotive industry is fueling the market growth
High Costs of Raw Materials hampers the Market Growth
The key raw materials used in pressure-sensitive adhesives are acrylate, silicone, rubber and other chemicals. The prices of the raw materials are fluctuating as some of the materials are petroleum derived products. Hence increasing the price of the final product. Therefore, high costs of raw materials is restricting the market growth
Asia Pacific Accounts for Larger Market Revenue Share in Global Pressure Sensitive Adhesives Market
Asia Pacific accounted for larger revenue share in global pressure sensitive adhesives market with considerable CAGR owing to rise in infrastructural developments and rapid industrialization. Also, developing countries are seeing robust industrial growth along with enormous investments in construction and automotive sectors. Changing consumer preferences for convenience food is other factor accountable for market growth. Moreover, North America held considerable market share during estimated period due to strict government regulation regarding VOC emissions.
Competition Assessment
Key player’s profiles in the global pressure sensitive adhesives market include:
- 3M (US)
- Advance Tapes International Limited (U.K.)
- Ashland Inc. (U.S.)
- Avery Dennison Corporation (US)
- Collano Adhesives AG (Switzerland)
- B. Fuller Company (U.S.)
- Henkel AG & Company KGaA (Germany)
- Intertape Polymer GroupInc. (Canada)
- Jonson Tapes Limited (India)
- Lintec Corporation (Japan)
- Nitto Denko Corporation (Japan)
- Reflex Labels Ltd. (U.K.)
- Sika AG (Switzerland)
- Tesa SE (Germany)
- The DOW Chemical Company (U.S.)
Global pressure sensitive adhesives market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In April 2015, Henkel Ag & Co acquired Novamelt GmbH to further consolidate its position in the adhesives market. With this transaction Henkel as leading solution provider worldwide for adhesives, sealants and functional coatings will further enhance its competence in the area of hotmelt adhesives.
Key Findings of the Report:
- Global pressure sensitive adhesives market expanding at significant CAGR over 2019 to 2025 due to rising demand from the packaging industry
- Based on technology, hot melt segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global Pressure Sensitive Adhesives market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Technology
- Hot Melt
- Radiation
- Solvent-based
- Water-based
- Others
By Resin
- Silicones
- Elastomers
- Acrylics
- Other Resins
By Application
- Graphics
- Labels
- Tapes
- Other Applications
By End User
- Commercial Graphics
- Electronics
- Medical
- Packaging
- Transportation
- Woodworking and Joinery
- Other End-user Industries
By Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
