Pressure Sensitive Adhesive Tapes Market worth $92.4 billion by 2030
According to the report published by Zion Market Research, The report “Pressure Sensitive Adhesive Tapes Market by Type, Technology (Water-Based, Solvent-Based, Hot-Melt), Adhesive Type (Acrylic, Rubber, Silicone), Backing or Carrier Material (Plastic, Paper, Foam), End-Use Industry, and Region — Global Forecast to 2030”, size is projected to grow from USD 67.0 billion in 2023 to USD 92.4 billion by 2030, at a CAGR of 4.7%.
Global Pressure Sensitive Adhesives Market: Overview
Pressure sensitive adhesives are also known as self-stick adhesives, PSA, and self-adhesive. They are applied on the adherend surfaces with pressure in order to join them together. PSA do not require water, solvent, or heat to activate the adhesive to hold the adherend. Pressure sensitive adhesives are used in a variety of products such as labels, pressure-sensitive tapes, automobile trim, glue dots, notepads, and others. The degree of the bond depends on the amount of pressure applied during adhesion. The smoothness of surface, contaminant free, surface energy, and other factors play an essential role for proper bonding. They are designed in such a way that they can hold the bond appropriately even at room temperatures. PSAs are used in masking tapes, surface protection films, price marking labels, promotional graphics, bookmark and note papers, foil tape for HVAC duct, safety labels for power equipment, automotive interior trim assembly, and others.
Global Pressure Sensitive Adhesives Market: Growth Factors
Development in the electronics and automotive industries is the major driving factor for the global pressure sensitive adhesives market. Worldwide demand for the automotive applications and miniaturization of electronic devices also influence the growth of pressure sensitive adhesives market. Cost-effective labeling and packaging applications in the packaging industries and improvement in the inventory management anticipates propelling the growth of pressure sensitive adhesives market. Increasing use of RFID labels for tracking of the inventory and security at locations such as airports, seaports, companies, and shopping malls also contribute to the demand for the pressure sensitive adhesives.
Global Pressure Sensitive Adhesives Market: Segmentation
The global pressure sensitive adhesives market is categorized into the application, product, technology, chemistry, and end-use industry. The application segment is classified into labels, tapes, graphics, specialty, and others. The product segment is segregated into radiation cured, water-based, hot melt, solvent-based and others. Based on technology, the global market is divided into the hot melt, radiation, solvent based, and water based. On the basis of chemistry, the global pressure sensitive adhesives market is segmented into EVA, acrylic, silicone, rubber, and others. Furthermore, the end-use industry is further classified into building & construction, electronics, electrical & telecommunication, medical & healthcare, packaging, automotive & transportation, and others.
Global Pressure Sensitive Adhesives Market: Regional Analysis
Asia Pacific contributed for the largest market share due to rapid urbanization, strong economic growth, and the increased demand from the automotive and electronics sector from the countries such as China, India, Japan and South Korea. North America and Europe are the major regions where the demand for the pressure sensitive adhesives is growing at a fast rate owing to its development and improvement in the technology and automobile industries. The growing international trade between Brazil, Venezuela Colombia, Argentina and other Latin American countries augments to give rise to the growth of pressure sensitive adhesives market in the region.
Global Pressure Sensitive Adhesives Market: Competitive Players
The major market players in the global pressure sensitive adhesives market include -
- Novamelt Americas LLC
- 3M
- Collano Adhesives AG
- Henkel AG and Company KGAA
- The Dow Chemical Company
- Avery Dennison
- Bostik SA
- Dow Corning
- H.B Fuller.
Global Pressure Sensitive Adhesives Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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- Emerging segments and regional markets
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