The report examines the Pressure Sensitive Adhesive (PSA) Market scenario to predict how COVID-19 might impact the prospective growth of the sector. The global pressure sensitive adhesive (PSA) market size is expected to reach USD 15.98 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. It evaluates key elements like overall revenue, technological innovations, product pipeline, product offerings, recent deals, research and development, and strategic initiatives such as mergers and acquisitions, collaborations, joint ventures, etc. This helps readers understand how these aspects are expected to affect the industry during the forecast period and benefit from the existing growth opportunities and prepare for challenges.
Steady growth in the construction industry and increasing number of construction activities in developing countries are some key factors expected to drive market revenue growth during the forecast period. The construction industry is increasingly utilizing pressure sensitive adhesive as an insulation barrier around doors and windows. Pressure sensitive adhesives prevents water and air from infiltrating the home, which enables enhancing of energy efficiency as well as longevity and durability of buildings. Advancements in design of customer electronics is projected to boost demand for PSAs and drive revenue growth of the market during the forecast period. Increasing demand for electronic devices that are continually decreasing in size and increasing in efficiency and functionality are driving rapid demand for pressure sensitive adhesives. Thermally conductive adhesive tape is specifically used to dissipate heat within electronic products. Excellent conformability and strength, high-temperature resistance, and compatibility with Polytetrafluoroethylene (PTFE), polyimide, and glass cloth backings provided by the pressure sensitive adhesives products for electrical and electronic tape applications are augmenting growth of the pressure sensitive adhesives market. Rapid urbanization in developing countries is expected to boost market growth in the region. Steady growth across various industries and production expansion in developing countries such as automotive, pharmaceuticals, electronics, manufacturing, and packaging are projected to increase utilization of pressure sensitive adhesives going ahead.
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Key Players Profiled in the Report Include:
Henkel AG & Co. KGaA, The Dow Chemical Company, Avery Dennison Corporation, H.B. Fuller Company, The 3M Company, Arkema S.A., Sika AG, Scapa Group, Ashland Global Specialty Chemicals Inc., and Franklin Adhesives & Polymers.
The Pressure Sensitive Adhesive (PSA) market Share is segmented on the basis of product types and applications offered by the market to impart an easy understanding of the Pressure Sensitive Adhesive (PSA) market operations and covers:
Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Composition Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Ethylene Vinyl Acetate
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Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
The global Pressure Sensitive Adhesive (PSA) market Size has been categorized into several significant regions, such as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. This section of the report analyzes the presence of the global Pressure Sensitive Adhesive (PSA) market across the major regions. It determines the market share, market size, revenue contribution, sales network and distribution channel, and other key elements of each regional segment.
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Some Key Highlights From the Report
- Tapes segment is expected to account for largest revenue share in the global pressure sensitive adhesive market over the forecast period owing to the increasing utilization of pressure sensitive adhesive tapes in the packaging and healthcare industry. The superior flexibility to follow curved surfaces and movement, low skin irritation, and high moisture permeability offered by surgical tapes based on pressure sensitive adhesives are driving revenue growth of this segment.
- Acrylic segment is expected to register a significantly rapid revenue growth rate over the forecast period. Better heat and oxygen resistance provided by acrylic-based pressure sensitive adhesives is boosting their usage across major industrial verticals. Applications include automotive tapes, wound dressings, durable labels, surgical drapes, pharmaceutical labels, removable and resealable labels, over-laminating films, and vehicle graphics.
- Water-based segment is expected to account for large revenue share in the global pressure sensitive adhesive market owing to increasing usage of water-based pressure sensitive adhesives in wound dressings, bandages, and medical tapes.
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