Pressure sensitive adhesives are expected to witness high demand during the forecast period from 2017 to 2023. According to the latest report published by Market Research Future the global pressure sensitive adhesives market is expected to witness promising growth at a CAGR of 6.1% during the forecast period. Pressure sensitive adhesives are available in a number of forms such as tapes, labels, and glue dots, among others.
Pressure sensitive adhesives are non-metallic materials used to bond different materials, mainly to their surface through adhesion and cohesion. The global market of pressure sensitive adhesives is booming and is expected to gain prominence over the forecast period. Growing trends of bio-based pressure sensitive adhesives drive the growth of the market.
Top 15 Market Players:
Some of the major players of the Pressure Sensitive Adhesives Market are
The DOW Chemical Company (U.S.)
Ashland Inc. (U.S.)
Sika AG (Switzerland)
Nitto Denko Corporation (Japan)
Tesa SE (Germany)
Lintec Corporation (Japan)
Collano Adhesives AG (Switzerland)
Intertape Polymer Group, Inc. (Canada)
Avery Dennison Corporation (US)
H.B. Fuller Company (U.S.)
Henkel AG & Company KGaA (Germany)
Reflex Labels Ltd. (U.K.)
Jonson Tapes Limited (India)
Advance Tapes International Limited (U.K.)
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Pressure Sensitive Adhesives Market Scenario:
Additionally, increasing demand from various end- use industries increase the demand of the market. However, fluctuating and high prices of raw materials, may hamper the growth of the market. Global pressure sensitive adhesives market appears to be highly fragmented and competitive. The key strategies traced from the analysis of recent developments of the key players include product launch, agreement & partnership, acquisition and expansion.
On the basis of regions, Asia Pacific region dominates the global pressure sensitive adhesives market, and is expected to grow at the highest CAGR during the forecast period. Rapid growth in automotive & packaging industry in Asia Pacific region is the major factor driving the growth of the market. Additionally, growth in demand in electrical & electronics industry also fuels the growth of the market. North America is the second largest market for the pressure sensitive adhesives.
Industry/ Innovation/ Related News:
December 2015 – The subsidiary of Arkema named as Bostik, has increased the production capacities of pressure sensitive adhesive which is of hot melt. The new expansion is done by Bostik in its Mexico site, in Monterry plant. The company has expanded the capacity of pressure sensitive adhesive in line with high growth of the latin America regions. The expansion is expected to significantly increase its ability to serve customers in the healthcare market. The plant of Bostik is expected to significantly increase hot melt pressure sensitive adhesive production capacity in Monterrey and expected to primarily serve the needs of customers.
October 2017 – Arkemas specialty business unit named Bostik has expanded the manufacturing capacities of hot melt pressure sensitive adhesive in new facility in Gujarat. Along with existing plant in Bangalore, the new plant of Bostik in Gujarat is expected to serve the rising growing demand in India for adhesives in industrial markets. As per the announcement, new facility in Gujarat is expected to produce advanced hot melt pressure sensitive adhesives for wide range of industrial applications such as footwear production, transportation and flexible lamination. The company’s expansion strategy is expected to serve the strong demand products in which it is used both in domastic and export markets.
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Scope of the Report
This study provides an overview of the global pressure sensitive adhesives market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global pressure sensitive adhesives market by its technology, product, End-User and region.
- Hot Melt
- Graphics Films
- Electrical & Electronics industry
- Consumer Goods
- North America
- Asia Pacific
- Rest of the World
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Pressure Sensitive Adhesives Regional Analysis:
The Asia Pacific market has the lion’s share of the global pressure sensitive adhesives market. The region has a significant packaging and automotive industry due to its increasing global positioning as an industrial hub. The region has a high concentration of emerging economies where consumers are witnessing an increase in purchasing power, and there is easy availability of personal loans, EMI schemes and other personal financing options for large purchases, such as automotive. Moreover, the electrical & electronics industry in the region is also witnessing rapid growth. Country-level markets leading growth include China, Japan, India, Australia, and Indonesia. Among these, China has the largest share of the APAC market.
North America accounts for the second largest market due to stringent regulation with regards to VOC emissions along with fuel efficiency norms which drive the demand for pressure sensitive adhesives in industrial applications. Europe is also a significant market while the Rest of the World includes promising country level markets such as the U.A.E and Brazil.
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