Albany, NY -- (SBWIRE) -- 05/04/2015 -- A recent market study by Transparency Market Research (TMR) concludes that the global pressure sensitive adhesives market is expected to grow at a CAGR of 5.2% from 2013 to 2019. TMR, a market intelligence company based in the U.S., finds that the expected value of the global pressure sensitive adhesives market by 2019 is US$7.96 billion, growing from US$5.58 billion in 2012. The report, titled "Pressure Sensitive Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", is available for sale on the company website.

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The TMR market study explains that the global pressure sensitive adhesives market is being propelled by increasing demand from electronics and automotives. Additionally, the pressure sensitive adhesives market is also anticipated to be driven by packaging and labeling applications. However, fluctuating prices of feed stock of pressure sensitive adhesives, which are petroleum-based, may hamper the growth of the pressure sensitive adhesives market. The TMR research report includes growth forecasts for the global pressure sensitive adhesives market in terms of both volume (kilo tons) and revenue (US$ million) for the forecast period. The global pressure sensitive adhesives market is segmented on the basis of product type, application, and geography. Based on the product type, the global pressure sensitive adhesives market is segmented into hot melt, water-based, radiation cur ed, and solvent-based. 

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Water-based pressure sensitive adhesives held the largest share of the global pressure sensitive adhesives market in 2012, followed by solvent- based pressure sensitive adhesives. The adoption of hot melt adhesives has increased in construction applications due to their easy applicability and stronger bond strength, which reduces the process time. Radiation cured pressure sensitive adhesives have application in masking tapes used in below-zero or extremely high temperatures.By application, tapes held more than 40% of the pressure sensitive adhesives market in 2012. The labeling application of pressure sensitive adhesives is anticipated to grow at a CAGR of 5.1% from 2013 to 2019. The increased share of the labeling application of the pressure sensitive adhesives market is attributed to the growing use of RFID labels for better inventory management.Geographically, the market study report divides the pressure sensitive adhesives market into Asia Pacific, North America, Europe, and Rest of the World (RoW). According to the TMR report, Asia Pacific held more than 40% of the pressure sensitive adhesives market in 2012. Some of the end-use industries expected to drive the pressure sensitive adhesives market are electronics, automotives, and consumer goods.

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About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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