The global pressure sensitive adhesives market is predicted to expand at a rapid pace at an admirable 6.1% CAGR over the predicted years (2017-2023). The pressure sensitive adhesive tape is also known by other names such as PSA, self-stick adhesive or self-adhesive. It is a key category under adhesive tapes having a thin flexible material either with a single or a double sided coating. This tape will adhere to various substrates especially when applied with pressure on the most dry and clean surfaces. Some of the protuberant drivers and trends supporting the growth of global pressure sensitive adhesive market are identified as, rapid growth in automotive & packaging industry along with growing packaging, electrical & electronics industry and consumer goods industry.
The key factor driving the global pressure sensitive adhesives market growth is the increasing industrialization where adhesives are required sometimes for labeling, sometimes for production, and sometimes for packaging of products.
Pressure Sensitive Adhesives Market – Competitive Dashboard:
Leading players profiled in the pressure sensitive adhesives market include
- 3M (US)
- H.B. Fuller Company (U.S.), Ashland Inc. (U.S.),
- The DOW Chemical Company (U.S.),
- Advance Tapes International Limited (U.K.),
- Henkel AG & Company KGaA (Germany),
- Jonson Tapes Limited (India),
- Reflex Labels Ltd. (U.K.),
- Sika AG (Switzerland),
- Collano Adhesives AG (Switzerland),
- Avery Dennison Corporation (US),
- Intertape Polymer Group, Inc. (Canada),
- Lintec Corporation (Japan),
- Tesa SE (Germany),
- Nitto Denko Corporation (Japan)
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Pressure Sensitive Adhesives Industry Segments:
The global pressure sensitive adhesives market has been segmented into end user, product, technology, and lastly, region.
On the basis of end users, this market has been segmented into automotive, consumer goods, electrical & electronics industry, packaging, and others.
Based on the product, the market has been segmented into graphics films, labels, tapes, and others.
The technology-based segmentation segments the market into hot melt technology, radiation, water-based technology, and solvent-based technology.
Current Industry News:
3 JAN 2019: With an agreement between Coats India and Bostik UK, a pressure sensitive adhesive manufacturing plant has opened in Gujarat, India. It has state-of-art technology and equipment to produce hot melt pressure sensitive adhesive.
11 DEC 2018: Backed by Arsenal Capital Partners, Meridian Adhesives Group has completed the acquisition of Columbus, Ohio-based Evans Adhesive Corporation, a maker of industrial adhesives.
8 OCT 2018: Smart material and vibrational transfer technologies specialist WINDGO Inc., which is also a research and development company, has been granted US Patent for a substrate-backed Smart Damping Adhesive (SDA).
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Global Pressure Sensitive Adhesives Market by Regional Analysis:
Based on region, the pressure sensitive adhesives market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World.
Of these, the APAC region will rule the market owing to rapid growth of packaging and automotive industry here, increasing demand in electrical and electronics industry, easy accessibility of personal loans and funds and increasing disposable income amid individuals. China grabs the maximum share in pressure sensitive adhesives market in the APAC region owing to rapid industrial development and growth in urbanization.
North America has the second largest share in the market owing to fuel efficiency norms and strict regulations concerning VOC emission. The US accounts for the maximum market share in his region.
Europe is a major market which is predicted to contribute largely over the predicted years. Countries such as Brazil and UAE are experiencing high industrial growth that propels the pressure sensitive adhesives market growth. Besides, high investments in automotive and construction sectors is likely to boost the market.
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