New York, NY -- (SBWire) -- 08/05/2019 --It evaluates the data gathered to give an extensive view of the trends and predicts the possible developments in the forecasted duration. For this study, the historical data has been collected from the years 2016 and 2017 while taking 2018 as the base year to estimate the rise of the industry in the years 2019 to 2026.
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The global pressure sensitive adhesive market crossed a valuation of USD 11 billion in 2018 and is projected to cross USD 15 billion by 2026. Pressure-sensitive adhesive (PSA) is an adhesive which forms a bond when pressure is applied to it. The specialty of this adhesive is that they do not constitute a solid material on solidifying but remain viscous. PSA is made from a formulation of natural rubbers, synthetic rubbers, and polyacrylates, which are manufactured either in a solid form or with a liquid carrier. No solvent, water or heat is required to form the bonds. As PSA is not a pure solid, the strength of the bond decreases over time. If a proper amount of pressure is not applied to activate the adhesive, detachment or bubbles can occur.
Pressure sensitive adhesives have many applications, which can either be permanent or removable. Some permanent applications include safety labels for power equipment, foil tape for HVAC (Heating, ventilation, and air conditioning) ductwork, sound/vibration dampening films and automotive interior trim assembly. Examples of removable applications include surface protection films, bookmark and note papers, masking tapes, graphics materials, price marking labels and for skin contact (wound dressing, athletic tape, etc.). PSAs are also being used as alternatives to rivets, bolts and other fasteners in vehicles.
There has been a rise in the packing businesses with the increasing complex packaging requirements, especially in the food and beverages sector, owing to the rapid increase in the number of products and the rising competition. The growing demand for PSAs in packaging will be a significant factor contributing to the growth of the PSA industry during the forecast period. The major restraint on the market is the increasing prices of the raw materials used to make PSA. In terms of technology, water-based segment is the largest. In terms of application, the label segment is the largest. In terms of resin, acrylic segment is the largest. In terms of end-user, the packaging sector is the largest. Asia Pacific is and will continue to be the largest regional segment of the PSA marketplace due to the rise in industrial and infrastructural developments.
Some of the key findings from our pressure sensitive adhesive market forecast report
The document provides an investigation of the pressure sensitive adhesive marketplace to predict its prospects. The past data is considered from the years 2016 and 2017 while taking 2018 as the base year to estimate the trends in the years 2019 to 2026. The industry has been categorized into different segments based on technology as Waterborne, Solvent Borne, Hot Melt, Radiation Cured, and based on application as Tapes, Label, Graphics, and others. The industry has further been segmented based on resin as Acrylic, Silicone, Elastomer and others and based on end-user as Packaging, Woodworking & Joinery, Medical, Commercial Graphics, Transportation, Electronics, and others, to assess their size, share, demand, trends, gross profit, total earnings, revenue and speculate further aspects.
This report also evaluates the competition in the business to derive the individual placements of the key players in the global sector. The information provided here outlines the industries that are expected to undergo substantial developments in the predicted years to aid the readers in deciphering the most profitable ones for their business. By doing so, it also highlights the future sectors that exhibit significant potential for investment.
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Global pressure sensitive adhesive market overview:
The global PSA market is projected to undergo a steady growth in the forecasted years, as observed by the outcome of the analysis provided in this study. The report encompasses the different factors that have a substantial impact on revenue of the businesses. This study also profiles the key players that account for a significant share in the global economy of the pressure-sensitive adhesive industry. These companies include 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., and LG Chem Ltd. among others. The key geographical regions mapped here are North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The competitive data given helps in providing better insights into the individual standing of the companies against the global landscape. The forecast also provides the estimated trends in demand and their impact on the businesses.
Key players in the global pressure sensitive adhesive market:
- 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.
Market segment based on the Technology:
- Waterborne
- Solvent Borne
- Hot Melt
- Radiation Cured
Market segment based on Application:
- Tapes
- Label
- Graphics
- Others
Market segment based on Resin:
- Acrylic
- Silicone
- Elastomer
- Others
Market segment based on End-User:
- Packaging
- Woodworking & Joinery
- Medical
- Commercial Graphics
- Transportation
- Electronics
- Others
Market segment based on the Country/Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Pressure Sensitive Adhesive Market Growth Rate and Forecast to 2026: Sika AG, Ashland Inc., LG Chem Ltd., H.B. Fuller Company, Arkema Group
This report on the pressure sensitive adhesive market is a thorough analysis of the size, share, demand, growth, gross profits, earnings, and revenue of the industry.