Global Pressure Sensitive Adhesives Market Size By Product (Graphic Films, Labels, Tapes), By Technology (Radiation-Cured, Hot Melt, Solvent-Based, Water-Based), By End-User (Automotive, Construction, Consume), By Geographic Scope And Forecast
Report ID: 38266|No. of Pages: 202
Global Pressure Sensitive Adhesives Market Size By Product (Graphic Films, Labels, Tapes), By Technology (Radiation-Cured, Hot Melt, Solvent-Based, Water-Based), By End-User (Automotive, Construction, Consume), By Geographic Scope And Forecast
Pressure Sensitive Adhesives Market Size And Forecast
Pressure Sensitive Adhesives Market size was valued at USD 12.72 Billion in 2023 and is projected to reach USD 16.86 Billion by 2031, growing at a CAGR of 3.96% from 2024 to 2031.
- Pressure Sensitive Adhesives (PSAs) are a type of adhesive that forms a bond when pressure is applied to marry the adhesive with the adherend, without the need for heat, solvent, or moisture to activate.
- They are widely used across various industries, including packaging, automotive, electronics, medical, and construction. In packaging, PSAs are essential for labels, tapes, and seals, ensuring secure closures without additional bonding agents.
- In the automotive sector, they facilitate the assembly of parts where fast bonding is critical. In electronics, PSAs are used for mounting, bonding, and encapsulating components.
- In the medical field, they play a vital role in wound dressings and surgical tapes. The use of PSAs is they allow for quick application and bonding without complicated processes, adheres to various surfaces, and provides instant bonding, which enhances manufacturing efficiency.
- Many PSAs can be adjusted before achieving a permanent bond, offering flexibility during assembly.
- By eliminating the need for additional bonding processes, PSAs can reduce overall production costs and time, while advancements in technology continue to improve their performance characteristics, including resistance to temperature, moisture, and chemicals.
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Global Pressure Sensitive Adhesives Market Dynamics
The key market dynamics that are shaping the global pressure-sensitive adhesives market include:
Key Market Drivers
- Growing Demand from End-Use Industries: Industries such as packaging, automotive, electronics, and healthcare are increasingly adopting pressure-sensitive adhesives (PSAs) for their efficient bonding properties and versatility.
- Innovation in Adhesive Technology: Advancements in adhesive formulations are leading to the development of high-performance PSAs that cater to specific applications, enhancing market growth.
- Sustainability Trends: The rising demand for eco-friendly and bio-based adhesives is driving innovations in PSA formulations, leading to an increased adoption of sustainable products.
- Technological Advancements: The integration of advanced technologies in the production process of PSAs is enhancing their performance characteristics, thereby expanding their applications.
- Increased Consumer Demand: The growing consumer preference for convenience and quick solutions in packaging and product assembly is driving the demand for PSAs.
Key Challenges
- Price Fluctuations of Raw Materials: The volatility in the prices of raw materials used in PSA production can impact profit margins for manufacturers.
- Competition from Alternative Adhesive Technologies: The presence of alternative bonding solutions, such as traditional adhesives, can pose a challenge to the growth of the PSA market.
- Regulatory Compliance: Stringent regulations regarding the use of certain chemicals in adhesive products can hinder market growth and require manufacturers to invest in compliance measures.
- Environmental Concerns: The environmental impact of non-biodegradable PSAs and the pressure to develop eco-friendly alternatives can challenge existing manufacturing processes.
- Technological Limitations: Some existing PSAs may not meet the specific requirements for high-performance applications, limiting their market penetration.
Key Trends
- Shift Towards Sustainable Products: There is a growing trend towards the development of eco-friendly and bio-based pressure-sensitive adhesives to meet consumer demand for sustainable solutions.
- Customization of Adhesives: Manufacturers are increasingly focusing on creating customized PSAs tailored to specific applications and industries to enhance performance.
- Emergence of Smart Adhesives: The development of smart pressure-sensitive adhesives that can respond to environmental changes is gaining traction in various applications, including healthcare and electronics.
- Growth of E-commerce: The rise of online shopping is driving demand for efficient packaging solutions, thus boosting the PSA market as e-commerce requires reliable and quick adhesion solutions.
- Increased Investment in R&D: Companies are investing more in research and development to innovate and improve the performance of pressure-sensitive adhesives, catering to the evolving needs of diverse industries
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Global Pressure Sensitive Adhesives Market Regional Analysis
Here is a more detailed regional analysis of the global pressure-sensitive adhesives market:
Asia Pacific (APAC)
- Asia Pacific substantially dominates the Global Pressure Sensitive Adhesives Market and is expected to continue its dominance throughout the forecast period.
- Rapid industrialization and urbanization across countries such as China and India are driving demand for pressure-sensitive adhesives in various applications, including construction, automotive, and packaging.
- The increasing adoption of lightweight and high-performance materials in manufacturing processes is further propelling the need for effective adhesive solutions.
- The rising consumer demand for packaged goods and durable products has led to an increased focus on innovative packaging solutions, where pressure-sensitive adhesives play a crucial role.
- The growing e-commerce sector in the region has contributed to the need for efficient packaging and labeling solutions, further boosting the market.
- The advancements in adhesive technology, such as the development of eco-friendly and solvent-free adhesives, are attracting manufacturers and consumers who prioritize sustainability.
- Government initiatives promoting infrastructure development also enhance the demand for pressure-sensitive adhesives in construction applications.
- These factors create a robust environment for the growth of the Pressure Sensitive Adhesives market in the Asia Pacific region, positioning it as a key player in the global market landscape.
North America
- North America is anticipated to witness fastest growth in the Global Pressure Sensitive Adhesives Market during the forecast period driven by the region’s robust manufacturing sector, encompassing automotive, construction, and consumer goods, which is a primary contributor to the rising demand for pressure-sensitive adhesives.
- According to the U.S. Census Bureau, e-commerce sales in the United States reached $870.8 billion in 2021, accounting for 13.2% of total retail sales. This represents a 14.2% increase from 2020.
- The U.S. Food and Drug Administration (FDA) approved 53 new drugs in 2020, many of which use transdermal patch technology that relies on PSAs for drug delivery.
- As industries increasingly focus on lightweight and durable materials, pressure-sensitive adhesives are becoming essential for bonding and sealing applications.
- The growing trend towards sustainable and eco-friendly products is influencing market dynamics.
- North American consumers are becoming more environmentally conscious, leading manufacturers to develop innovative, low-VOC (volatile organic compounds) adhesives.
- This shift towards sustainable practices is aligning with regulatory pressures and industry standards that favor greener solutions.
- The e-commerce boom is another significant driver, as it demands efficient packaging and labeling solutions.
- Pressure-sensitive adhesives play a crucial role in enhancing product presentation and securing packages during transit.
- With advancements in adhesive technology and a focus on customization, the North American Pressure Sensitive Adhesives market is poised for sustained growth, reflecting the region’s diverse industrial landscape and changing consumer preferences.
Global Pressure Sensitive Adhesives Market: Segmentation Analysis
The Global Pressure Sensitive Adhesives Market is segmented on the basis of Product, Technology, End-User, and Geography.
Pressure Sensitive Adhesives Market, By Product
- Graphic Films
- Labels
- Tapes
Based on the Product, the Global Pressure Sensitive Adhesives Market is segmented into Graphic Films, Labels, and Tapes. The Graphic Films segment dominates in the Global Pressure Sensitive Adhesives Market, driven by the rising demand for high-quality, visually appealing graphic applications in various industries, including advertising, automotive, and décor. This segment benefits from the increasing use of digital printing technologies and the need for durable, weather-resistant graphics.
Pressure Sensitive Adhesives Market, By Technology
- Radiation-Cured
- Hot Melt
- Solvent-Based
- Water-Based
Based on the Technology, the Global Pressure Sensitive Adhesives Market is segmented into Radiation-Cured, Hot Melt, Solvent-Based, and Water-Based adhesives. The Hot Melt segment is witnessing significant growth in the Global Pressure Sensitive Adhesives Market, driven by its ease of use, quick bonding capabilities, and strong adhesion properties. This technology is popular in packaging, automotive, and construction applications due to its efficient application processes and reduced processing times.
Pressure Sensitive Adhesives Market, By End-User
- Automotive
- Construction
- Consumer Goods
Based on the End-User Category, the Global Pressure Sensitive Adhesives Market is segmented into Automotive, Construction, and Consumer Goods. The Automotive segment significantly dominates the Global Pressure Sensitive Adhesives Market, driven by the increasing demand for lightweight materials and the need for efficient assembly processes. PSAs are utilized in various automotive applications, including interior trims, exterior bonding, and assembly, due to their ability to provide strong adhesion without the need for heat or solvents.
Pressure Sensitive Adhesives Market, By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
Based on Geography, the Global Pressure Sensitive Adhesives is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific region is leading the Global Pressure Sensitive Adhesives (PSAs) Market, driven by rapid industrialization and increasing demand from various end-user industries, including automotive, electronics, and packaging. The region’s burgeoning population and expanding urbanization have resulted in heightened consumption of consumer goods, thereby propelling the need for effective adhesive solutions in packaging and labeling applications.
Key Players
The “Global Pressure Sensitive Adhesives Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Powerband, and Ester Chemical Industries Pvt. Ltd, Franklin Adhesives & Polymers, Cattie Adhesives, Dyna-Tech Adhesives, Inc., Henkel AG & Co. KGaA, DowDuPont, Arkema (Bostik), Avery Dennison Corporation, 3M.
This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Pressure Sensitive Adhesives Market Recent Developments
- In April 2024, the cyclos-HTP Institute (CHI) certified Henkel’s Aquence PS 3017, an adhesive solution. This accreditation indicates that the packaging components are recyclable.
- In April 2024, Bostik, an Arkema subsidiary that specializes in adhesive solutions, invested in UV acrylic HMPSA capabilities, expanding UV acrylic hot melt pressure sensitive adhesive in North American facilities and giving high-performance products in the market.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Powerband, and Ester Chemical Industries Pvt. Ltd, Franklin Adhesives & Polymers, Cattie Adhesives, Dyna-Tech Adhesives, Inc., Henkel AG & Co. KGaA, DowDuPont, Arkema (Bostik), Avery Dennison Corporation, 3M |
| Segments Covered | By Product, By Technology, By End-User, and By Geography |
| Customization Scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL PRESSURE SENSITIVE ADHESIVES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL PRESSURE SENSITIVE ADHESIVES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL PRESSURE SENSITIVE ADHESIVES MARKET, BY PRODUCT
5.1 Overview
5.2 Graphic Films
5.3 Labels
5.4 Tapes
5.5 Others
6 GLOBAL PRESSURE SENSITIVE ADHESIVES MARKET, BY TECHNOLOGY
6.1 Overview
6.2 Radiation-Cured
6.2.1 Radiation-Cured Hot Melt
6.2.2 Radiation-Cured Syrup-Based
6.3 Hot Melt
6.4 Solvent-Based
6.5 Water-Based
7 GLOBAL PRESSURE SENSITIVE ADHESIVES MARKET, BY END-USER
7.1 Overview
7.2 Automotive
7.3 Construction
7.4 Consumer Goods
7.5 Electronics
7.6 Others
8 GLOBAL PRESSURE SENSITIVE ADHESIVES MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL PRESSURE SENSITIVE ADHESIVES MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Powerband
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Ester Chemical Industries Pvt. Ltd
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Franklin Adhesives & Polymers
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Cattie Adhesives
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Henkel AG & Co. KGaA
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Dyna-Tech Adhesives, Inc.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 DowDuPont
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Arkema (Bostik)
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 3M
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Avery Dennison Corporation
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
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We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
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- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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