Blog post -
Pressure Sensitive Adhesives Industry Size 2021 - Analysis Report
Pressure Sensitive Adhesives Market Size, Share, Trends, Segmentation, Key Players, Dynamics & Demand Analysis 2020-2025
Pressure Sensitive Adhesives (PSA) is a major category of adhesive tapes and is a relatively thin flexible material with single or double sided coating. Pressure sensitive tapes will adhere to a variety of substrates when applied to most clean and dry surfaces with pressure. PSA do not require solvent, water or heat to activate the adhesive. The bond is directly influenced by the amount of pressure applied to the adhesive on the surface. Pressure sensitive adhesive (PSA) tapes are used in many different applications with new uses being discovered almost daily. PSA use will continue to grow as a solution to fastening and joining due to advances in adhesive technology, ease of use, and its low cost compared to traditional fastening systems.
Pressure Sensitive Adhesives Market is valued at USD 9257.59 Million in 2018 and expected to reach USD 14104.89 Million by 2025 with CAGR of 6.20% over the forecast period.
Key Players and Competitive Landscape
Growth Drivers and Restraints
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Key Players -
Global pressure sensitive adhesives market report covers prominent players like Avery Dennison Corporation, Arkema Group, The Dow Chemical Company, Henkel AG & Co. KGaA, The 3M Company, H.B. Fuller Company, Sika AG, Collano Adhesives AG, Ashland Inc., LG Chem Ltd., Adhesives Research Ireland Ltd, Adtek Malaysia Sdn. Bhd., BASF SE, Cattie Adhesives Solutions, LLC., Eastman Chemical Company, Ellsworth Adhesives, Evonik Industries AG, Guzzetti SpA, Rayven, Inc., Royal Adhesives & Sealants, LLC, Savaré Specialty Adhesives, Scapa Group PLC, Shin-Etsu Chemical Co., Ltd., and others.
Market Segmentation –
By Composition analysis
- Water Based
- Solvent Based
- Natural Rubber
- Synthetic Rubber
- Ethylene Vinyl Acetate
- Others (polypropylene and polyisobutene)
By Type analysis
- Water Based
- One-Component Water-Based
- Two-Component Water-Based
- Hot Melts
- Solvent Based
- One-Component Solvent-Based
- Two-Component Solvent-Based
- Radiation Based
- Electron Beam
By Application analysis
- Hygiene Products
- Bandages & Tapes
- Others (Wound Dressings and Medical Devices Assembly)
- Others (Laminations)
By End User analysis
- Building & Construction
- Consumer Goods
- Others ( Industrial assembly, Footwear, and Paper & Printing Industry)
By Regional & Country Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Asia Pacific region dominates the pressure sensitive adhesives market. Rapid growth in automotive & packaging industry in Asia Pacific region is the major factor driving the growth of the market. Rising disposable income among individuals and easy availability of funds and personal loans, have prompted the demand for automobiles in the region. Additionally, rising demand in electrical & electronics industry also fuels the growth of the market. China, Japan, India, Australia and Indonesia are the major markets in Asia Pacific region.
North America holds the second position in the market. Strict regulations regarding VOC emission along with fuel efficiency standards drive the growth of the market in the region.
Europe has a huge market potential for pressure sensitive adhesives. Rapid growth in automotive & packaging industry in Europe drives the growth of the market. According to RAND Corporation, currently, Germany produces more than 6 million vehicles per year, making it the world’s fourth-largest manufacturer in automobile industry.