CHICAGO, May 27, 2024
/PRNewswire/ -- The report "Pressure Sensitive Adhesives
Market by Chemistry (Acrylic, Rubber, Silicone), Technology
(Water-Based, Solvent-Based, Hot-Melt), Application (Tapes, Labels,
Graphics), End-Use Industry (Packaging, Automotive), and Region -
Global Forecast to 2029", size is projected to grow from
USD 13.8 billion in 2024 to
USD 16.0 billion by 2029, at a CAGR
of 3.0%.
Pressure-sensitive adhesives (PSAs) represent a critical class
of bonding materials that exhibit a permanently tacky nature at
room temperature, enabling them to adhere to various surfaces upon
the application of slight pressure. This class of adhesives is
distinct in its ability to effectively bond a diverse array of
materials, including paper, plastic, metal, wood, and glass,
without the need for a chemical reaction to activate the adhesive
properties. The intrinsic balance between adhesion and cohesion
within PSAs is paramount; adhesion refers to the ability of the
adhesive to bond to external substrates, while cohesion refers to
the internal strength of the adhesive's components. The utility of
PSAs extends beyond traditional adhesive applications, offering a
viable alternative to mechanical fasteners such as screws, rivets,
and bolts. This characteristic is particularly advantageous in
manufacturing processes where speed and ease of application are
critical, making PSAs an optimal choice for point-of-purchase
displays and general-purpose graphics.
Browse in-depth TOC on "Pressure Sensitive Adhesives
Market"
170 – Tables
70 – Figures
300 –
Pages
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The water-based segment is expected to account for one of the
largest shares in 2023.
Water-Based PSAs dominate the market due to their
environmentally friendly nature, lower cost, and safety. These
adhesives involve dissolving acrylic polymers and other additives
in water, which is then coated onto a substrate. Upon evaporation
of the water, a solid adhesive layer remains. Water-based PSAs
offer performance comparable to solvent-based adhesives while
mitigating safety and environmental concerns. They cater to a wide
range of applications, including tapes, labels, and graphics, and
are compatible with various chemistries such as rubber, vinyl, and
acrylic.
The acrylic segment is expected to account for the largest
share in 2023.
Acrylic PSAs are known for their excellent balance of
properties, including high adhesion, durability, and resistance to
environmental factors. These adhesives are typically used in
applications requiring long-term performance, such as in automotive
and construction industries. Acrylic PSAs can be formulated to
provide excellent UV resistance, making them suitable for outdoor
use. They also offer good chemical resistance and can be tailored
to adhere to a wide range of substrates, including metals, glass,
and plastics. The ability to customize acrylic formulations allows
manufacturers to create adhesives with specific properties, such as
enhanced tack or shear strength.
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Asia Pacific is expected to
account for the largest share in 2023.
The Asia Pacific market is
expected to experience significant growth during the forecast
period. Economies in this region, including India, China,
South Korea, Brazil, and Argentina, are investing heavily in industrial
development, driving demand for pressure-sensitive adhesives
(PSAs). In contrast, growth in the European market is being
constrained by stringent environmental regulations, which are
reshaping the PSA market. These regulations are compelling
manufacturers to innovate and develop eco-friendly alternatives,
impacting market dynamics.
Key Players
The key players in the pressure sensitive adhesives market
include Henkel AG & Co. KGaA (Germany), Dow (US), Avery Dennison Corporation
(US), H.B. Fuller (US), 3M (US),
Arkema S.A. (France), Sika AG
(Switzerland), Scapa Group PLC
(UK), and Wacker Chemie AG (Germany).
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