Global Pressure Sensitive Adhesive industry research report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key companies operating in this market.
According to Auburn University’s article published in 2016 ‘State of RFID Adoption Among U.S.” Apparel Retailers has grown with 96%, as the retailers have planned to deploy the tags on their apparel products. RFID’s adoption numbers are increasing steadily. Major retailers such as Target, Kohls, and Macy’s have begun to scale their initiatives as the market of the RFID has begun to develop. According to IDTechEx Ltd is a growing business with approximate growth of USD 21.9 billion for the year 2020.
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According to IDTechEx Ltd is a growing business with approximate growth of USD 21.9 billion for the year 2020. The major players in the pressure sensitive market are making various developments such as launch of new products, opening new research and development centres, and new plants for contributing to the growth of the pressure sensitive market.
The global pressure sensitive adhesive market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pressure sensitive adhesive market for global, Europe, North America, Asia Pacific and South America.
Top Key Companies:
- Henkel AG & Company KGAA,
- The DOW Chemical Company,
- Ashland Inc.,
- Avery Dennison Corporation,
- Sika AG,
- Scapa Group PLC,
- Additional Companies,
- Avery Dennison Corp.,
- Alfa International,
- Wacker Chemie AG,
- RPM International Inc.,
- Bostik SA,
- Illinois Tool Works Inc.,
- Franklin International,
- Koch Enterprises Inc. and many more.
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Based on chemistry
- acrylic PSA – water-based acrylic PSA and solvent-based acrylic PSA
- rubber PSA- natural rubber and synthetic rubber
- silicone PSA,
- EVA PSA and others
- The others segment is sub segmented into polyurethanes, hybrid PSAS and hydrophilic PSA.
On the basis of technology
1. Water based PSA
- One-component water-based PSA
- Two-component water-based PSA.
2. Solvent based PSA
- One-component solvent-based PSA
- Two-component solvent-based PSA.
3. Radiation PSA
- UV-cured PSA
- Electronic beam-cured PSA.
4. Hot melt PSA
On the basis of application
1. Tapes segment is further sub segmented into tapes and coating. The tape is further segmented specialty tapes and commodity PSA tapes.
2. Coating is further sub segmented into single coated PSA tapes, double coated PSA tapes, reinforced PSA tapes and unsupported PSA tapes.
3. Labels is further sub segmented into permanent labels, peelable labels, ultra-peelable labels, freezer or frost fix labels, high tack labels, specialty label.
4. Graphics PSA is further segmented into signage, vehicle wraps, emblems & logos, floors, carpets & mats and films.
On the basis of End-User Industry
- Electrical & telecommunication,
- Automotive & transportation,
- Building & construction,
- Medical & healthcare – into medical devices, skin contact and hygiene
- Others – consumer goods, renewable energy (solar energy & wind energy), industrial assembly and paper & printing industry
On the basis of geography
- North America & South America,
- Middle East & Africa.
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Global Pressure Sensitive Adhesive Market is expected to reach USD 8.99 billion by 2025, from USD 16.40 billion in 2017 growing at a CAGR of 6.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Drivers and Restraints:
- Growing use of PSAs in tapes and labels
- Growing use of PSAs in buildings and construction
- High demand for PSAs in Asia-Pacific
- Product innovation and growth in flexible packaging
- Wide acceptance due to ease of adaptability of PSAs
- Rise in raw material prices
- Stringent government regulations regarding volatile organic compounds (VOCs) emission
Pressure sensitive adhesive industry is expected to grow due to rapid growing demand in the labelling and packaging industries. According to Auburn University’s article published in 2016 ‘State of RFID Adoption Among U.S.” Apparel Retailers has grown with 96%, as the retailers have planned to deploy the tags on their apparel products. RFID’s adoption numbers are increasing steadily. Major retailers such as Target, Kohls, and Macy’s have begun to scale their initiatives as the market of the RFID has begun to develop.
Key Questions Answered In This Report
- What will the market size be in 2025 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
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