Global Pressure Sensitive Adhesive Market Insights, Size and Growth Forecast To 2027

 

SPER Market Research

The Global Pressure Sensitive Adhesive market fueling the market growth in the wake of increasing automotive sector and rising demand for labels. The global pressure sensitive adhesives market has the potential to grow with USD 20 billion with propelling CAGR in the forecast period from 2020-2027. The emerging demand for pressure-sensitive adhesives owes to the rise in the greenhouse gas emission, the need for informing the customer about food safety. Moreover, the emerging use for labels and packaging is bolstering the marketing of the MNCs are supporting market demand of pressure sensitive adhesives market.

With the increasing ability of pressure-sensitive adhesives in automotive and labeling applications, factors such as increasingly severe health problems, strict energy efficiency regulations, and rising environmental issues for greenhouse gas emissions expected to be within the forecast period have a positive impact on demand.

Product innovation is the most extensive development strategy implemented by the company. Adhesives have always focused on building existing products while developing new, innovative, and competitive products. For example, to increase its product portfolio, Ashland introduced Arocure UV curable pressure-sensitive adhesives for special adhesive tapes. These bonding systems are based on hot melt technology.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


Global Pressure Sensitive Adhesive Market: Competitive Landscape
Companies such as ExxonMobil Chemicals, Arizona Chemicals, ASF SE, The Dow Chemical Company, Scapa Group Plc, Avery Dennison, Henkel Ag & Co. KGaA, BMW, Daimler, Boeing, Siemens, and others are key players in the global pressure sensitive adhesive market.

Technology overview in the Global Pressure Sensitive Adhesive Market 
Based on the technology, the global pressure sensitive adhesive market segment into Water-based, Solvent-based, Hot Melt, Radiation-cured (Radiation-cured Hot Melt, Radiation-cured Syrup-based). The radiation-cured segment accounted for the largest share in the global pressure sensitive adhesives market. Under the radiation-cured section, hot melt adhesive is dominating market demand owing to its cost-effectiveness, used in various purposes such as tapes, labels, or medical products. Moreover, it is suitable for installation, insulation, or safety and has a wide temperature range coupled with excellent adhesion to PE and PP.

Adhesive Chemistry overview in the Global Pressure Sensitive Adhesive Market 
Based on the adhesive chemistry, the global pressure sensitive adhesive market classified into Acrylic, Rubber, Silicone, Others. The acrylic segment is estimated to dominates the maximum share of the pressure-sensitive adhesive market in the forecast period. It is mainly owing to its various properties that include excellent chemical resistance, heat resistance, and aging resistance. Moreover, it is suitable for wipes and bottle labeling and has excellent processability.

Product overview in the Global Pressure Sensitive Adhesive Market 
Based on the product, the global pressure sensitive adhesive market segmented into Tapes, Labels, Graphics Films, Others. Tapes dominate the largest market share in the universal pressure-sensitive adhesive. The automotive industry characterized by fierce competition, dynamic supply chains, and high-cost concerns. Tape adhesives can use in a variety of applications, including automotive interior panels and low surface energy products. Moreover, tape adhesive has excellent properties such as high-temperature resistance and low atomization.

End-Use overview in the Global Pressure Sensitive Adhesive Market 
Based on the end-user, the global pressure sensitive adhesive market classified into Automotive, Electronics, Consumer Goods, Packaging, Construction, Others. The packaging segment has dominated the largest share in the global pressure sensitive adhesives market. It is mainly the demand for packaging rising in the food industry to protect food from contamination during the transportation process. Also, to promote the need for safe, reliable, and food safety adhesive packaging.

Region overview in the Global Pressure Sensitive Adhesive Market 
Based on geography, the global pressure sensitive adhesive market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is capturing the largest market share of the global pressure sensitive market. It is mainly to the emerging demand for adhesives in automotive and food packaging and many other sectors. Promoting the safety measures and informing the customer about food safety are increasing share for pressure-sensitive adhesive demand in the Asia Pacific.

About SPER Market Research:

SPER Market Research is one of the world’s most trusted market research, market intelligence, and consulting companies offering strategic research, custom research, market intelligence solutions, quantitative data collection, qualitative fieldwork, online research panel and consumer research. Headquartered in Noida city, the company has offices worldwide, and provides strategic & consulting services.

SPER Market Research is amongst the top market research company and we have served over 20 industries, with core offerings in Pharmaceutical/Healthcare, Business to Business research (B2B), Nutraceuticals, Food & Beverages, Cosmetic, Dermatology, Dental, Herbal, Chemical, Consumer, Information Technology and other industries.

Comments

Post a Comment

Popular posts from this blog

Global Agriculture Equipment Market Insights, Size and Growth Forecast To 2027

Image
  Global agricultural equipment market likely to driving due to growing population base across developing countries and rising government initiatives.  Global agricultural equipment market size valued at USD 132.64 billion in 2019 and expected to grow at a CAGR of over 7.12 % during the forecast period, 2020–2027.  It is primarily attributed to increasing mechanization across the globe and the growing adoption of advanced technologies in the agriculture industry. Moreover, the surge in disposable income around the world and growing demand for processed foods, packaged foods, high energy foods, and meats are projected to propel the growth of the global agricultural equipment industry. Additionally, the huge adoption of modern technologies by farmers to raise farm yield and meet the increasing demand for food across the globe will impact the robust growth of the agricultural equipment market. Furthermore, the high demand for agricultural products coupled with a surge in po...
Read more

Global Smart Office Furniture Market by Product Type, by Distribution Channel, and By Region

Image
  Global smart office furniture market expected to propel due to the surge in demand for the connectivity technologies based-office furniture for helping employees’ and improvement in organizations productivity.  The global smart office furniture market expected to grow over a CAGR of 18.37% during the forecast period, 2020-2027.   The growth can be attributed to the growing demand for the sensors embedded smart office furniture to analyze the activity log of employees by assessing and evaluating the active and inactive working hours of employees. Additionally, the growing applications of smart office furniture for helping health issues of employees at workstations such as capture the number of calories burnt and notify them with a sedentary alert in case the user sits for prolonged sitting hours without any physical activity. These factors projected to drive the growth of the global smart office furniture market size in the analysis period. Further, the shifting tr...
Read more

Global Artificial Meat Market Insights, Size and Growth Forecast To 2027

Image
  Global Artificial Meat Market will influence by increasing demand for alternative protein-rich food products and the rising consumption for cultured meat.  The global Artificial Meat market predicted to grow with a noteworthy rate during the forecast period 2019-2027 , owing to a surge in income levels across developing countries, reduction in land for much-needed crops, and stability for climate change. The global lab-grown meat or artificial meat market will bolster by the growth in demand for credible alternatives to traditional meat and a significant reduction in greenhouse gases, land use, and water use. The artificial meat is also known as lab-grown meat, cultured meat, vitro meat, and synthetic meat. Additionally, these lab-made meats are cell-based and produce less carbon dioxide and will help to fight anti-microbial resistance and food adulteration. Moreover, the augmentation in demand for artificial meat in developing countries for prepared food & frozen meats...
Read more