Latest Research Report on Pressure
Sensitive Adhesives Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Pressure
Sensitive Adhesives prepare a case for investments in different regions based
on a practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Pressure Sensitive
Adhesives Market Report by Material, Application, and Geography – Global Forecast
to 2024 is a professional and in-depth research report on the world’s major
regional Pressure Sensitive Adhesives Market conditions, focusing on the main
regions (North America, Europe and Asia-Pacific) and the main countries (United
States, Germany, united Kingdom, Japan, South Korea and China).
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Report Now @ https://www.millioninsights.com/industry-reports/pressure-sensitive-adhesives-market/request-sample
Industry Insights
The global pressure
sensitive adhesives market was valued at USD 8.81 billion in 2015. The market
is driven by the increasing consumption of the product in construction,
consumer goods, automotive, and packaging industries. The rising requirements
for reducing weight in products providing high bonding solutions is expected to
drive market growth.
The increasing use of
low-cost engineering and lightweight plastics in numerous end-use applications
such as electronics, construction, and automotive is expected to have a
positive impact on the PSA market demand. The low plastic materials are
evolving as substitutes for wood assembly, construction material, glass, and
heavy materials.
The demand for PSA in the
automotive sector is increasing owing to the pressure for reduction in emission
from regulatory bodies coupled with increased mileage performance is likely to
propel market growth. The rising acceptance of RFID labels (wireless tags) in
end-use applications including medical, packaging, architecture, and automotive
on account of their contribution in managing inventory is likely to aid PSA
market growth.
The regulations regarding
reducing carbon & Green House Gases (GHG) emissions by improving fuel
efficiency has attracted the OEM automotive towards plastics as substitutes for
metals including steel and aluminium, thereby aiding PSA market growth.
The cultural and social
factors including increased spending on lifestyle products, increased income of
nuclear families and a high number of working women are likely to affect market
dynamics. These factors augment the growth in major industries including
consumer goods, electronics & electrical, and packaging.
Technology Insights
The demand for water-based
PSA is expected witness fastest growth on account of its eco-friendly and
low-cost characteristics. The attributes of water-based PSA such as high
resistance to UV radiation, temperature, and chemicals coupled with high sheer,
peel & tack bonding well with polymer, polycarbonates, and glass &
metal surfaces have enabled their scope of applications.
The labeling segment is the
largest application of water-based PSAs having wide product range such as CDs,
vegetables & fruits, electronic devices owing to its superior moisture
adhesion coupled with high tack. In addition, their low cost and multiple
properties have aided in their growth over conventional polymers.
The solvent-based PSAs are
acrylic polymers produced from crude oil solvents offering high tensile
strength. In addition, the peel & sheer strength provided by them is higher
than water-based PSAs. Solvent-based products are used in Asia Pacific region
on account of relaxed regulations on emissions. The use of the product in the
automobile industry is high on account of their resistance to fluids including
gasoline, brake fluid antifreeze, & oil and chemicals.
End-use Insights
The dominant end-use
segment was packaging accounting for over 25% of the market volume in 2015,
owing to the high use of the product in food packaging industry. The advent of
packaging technology coupled with increased requirement of PSAs flexible
materials on account of its attributes including good adhesion at low
temperature is anticipated to fuel market demand.
The extensive use of the
product in electronics & electrical industries is on account of its
performance specifications including easy application, strong bond strength,
easy application, and transparency coupled with decreased processing time. The
electronic appliances including refrigerators and microwaves together with
membrane switches are likely to have a positive impact on PSA market growth.
The PSAs are widely used as
substitutes for mechanical fasteners and liquid epoxies on account of its
attributes including clean application, ease of handling, thickness control,
flexibility, consistent bond, and mess-free processing. The rising need for use
of automation, fast prototyping, and quick changeover are anticipated to fuel
market growth in the electrical & electronics segment.
Regional Insights
Asia Pacific contributed to
over 45% of the market volume in 2015. The easy availability o funds via
personal loans and EMI coupled with increasing disposable income is expected to
drive market growth in the region. The demand for the product is primarily from
the electronic & electrical and automotive industries.
The variation in consumer
preferences with regard to convenience and processed food is expected to propel
PSA market demand in Central & South America for the labeling application
segment. The emerging economies including Brazil and Uruguay are undergoing
sharp industrial growth together with large investments in automotive and
construction industries.
The stringent regulations
regarding VOC emissions together with fuel efficiency norms are likely to
result in the sluggish growth of the product in North America and Europe
regions. The regulatory agencies including REACH, U.S., and EPA have strict
norms to improve sustainability. This includes considerable investment by the companies
to develop eco-friendly product portfolio in accordance with the norms.
Competitive Insights
The global PSA market is
fragmented with the presence of various large and small scale companies. The
major companies are 3M, Bostik, Avery Dennison, H.B. Fuller, Dow Chemicals,
Sika, Henkel, and Ashland. The other players include Drytac, Collano Adhesives,
Franklin Adhesives & Polymers, Novamelt, Scapa, and Jesons Industries.
The major companies in the
market focus on developing their existing product portfolio together with the
development of new, competitive, and innovative products. Ashland launched
Arocure UV-curable PSAs based on hot-melt technology for application in
specialty tapes. The widely used product strategy implemented by most of the
companies is product innovation.
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