November 17, 2021
According to the research report titled, ‘Pressure Sensitive Adhesives Market Size By Technology (Water Based, Solvent Based, Hot-Melt, UV-Cured), By Product (Rubber-Based, Acrylic, Silicone), By Application (Tapes, Labels, Graphics, Films & Laminates), By Sector (Food & Beverage, Packaging, Electronics & Laminates, Medical & Healthcare, Building & Construction, Automotive & Transportation), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026’, available with MarketStudyReport, global pressure sensitive adhesives market valuation is anticipated to surpass USD 10.5 billion by 2026.
As per report findings, the expansion of global pressure sensitive adhesives market is being driven by increasing technological advancements aimed at enhancing task performance and improving resistance to elevated temperatures. Besides, growth in packaging sector along with escalating demand for tapes and labels in automation & transportation segments is adding momentum to industry development.
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Furthermore, R&D investments in pressure sensitive adhesives (PSAs) is likely to create ample opportunities in medical and food & beverage sectors which in turn will augment the industry outlook.
On the contrary, increase in the prices of raw materials and recycling issues associated with these adhesives are likely to impede market progression in the upcoming years.
In terms of technology gamut of global pressure sensitive adhesives market, solvent-based sector is slated to record a CAGR of 5% through 2026, due to characteristics like better peel and sheer strength. Moreover, these adhesives also possess super moisture resistance and firm protection which is required in tapes and films.
Based on product type, the rubber-based segment is expected to exhibit a CAGR of 6% over the study period, owing to its exceptional strength and its utilization in the manufacture of high-strength foam bonding tapes and easily removable masking tapes.
In terms of application scope, the graphics segment is projected to capture 11% market share by 2026, accreditable to increasing demand for architectural and vehicle graphics.
With respect to sector type, electronics and laminates segment is expected to accumulate USD 2 billion by 2026, creditable to increasing consumption of pressure sensitive adhesive-based foams to cater to high performance level demand in lens bonding applications.
Key players operating in global pressure sensitive adhesives market are Powerband Industries Pvt. Ltd, Franklin International, Inc., Beardow Adams Inc., Ashland Global Holdings Inc., Mapei S.p.A, Evonik Industries AG, LG Chem Ltd., Wacker Chemie AG, Momentive, Inc., DowDuPont, Inc (Dow Silicones Corporation),Sika AG, The 3M Company, Henkel AG & Co. KGaA, Arkema Group, H.B .Fuller Company, and Avery Dennison Corporation.