The global pressure sensitive adhesives market is expected
to reach USD 14.20 billion by 2024, according to a new report by Grand View
Research, Inc. The global industry growth has been driven by high consumption
in packaging, automotive, consumer goods, and construction industries.
Pressure sensitive adhesive applications are found to be cost effective in stark contrast to the conventional mechanical fastening methods such as brazing and welding. They form a tight bond between close fitting surfaces that neither damages the paint and laminating surfaces nor causes corrosion associated with using metal fasteners.
In light of tightening regulatory intervention to improve fuel efficiency resulting in reduced carbon and Green House Gas (GHG) emissions, automotive OEMs are forced to adopt plastics as a replacement to metals such asaluminum and steel, thereby stimulating PSA demand.
Packaging was the leading end-use segment accounting for over 25% of market volume in 2015. Growing demand for labeling and packaging applications making use of PSA owing to improved inventory management and cost effectiveness is expected to support growth.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/pressure-sensitive-adhesives-market
U.S. Pressure Sensitive Adhesives Market Revenue by Technology, 2014 - 2024 (USD Million)
Further key findings from the report suggest:
Grand View Research has segmented the pressure sensitive adhesives market on the basis of product, end-use, technology and region:
Pressure Sensitive Adhesives Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
For press release of this report - http://www.grandviewresearch.com/press-release/global-pressure-sensitive-adhesives-market
Pressure sensitive adhesive applications are found to be cost effective in stark contrast to the conventional mechanical fastening methods such as brazing and welding. They form a tight bond between close fitting surfaces that neither damages the paint and laminating surfaces nor causes corrosion associated with using metal fasteners.
In light of tightening regulatory intervention to improve fuel efficiency resulting in reduced carbon and Green House Gas (GHG) emissions, automotive OEMs are forced to adopt plastics as a replacement to metals such asaluminum and steel, thereby stimulating PSA demand.
Packaging was the leading end-use segment accounting for over 25% of market volume in 2015. Growing demand for labeling and packaging applications making use of PSA owing to improved inventory management and cost effectiveness is expected to support growth.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/pressure-sensitive-adhesives-market
U.S. Pressure Sensitive Adhesives Market Revenue by Technology, 2014 - 2024 (USD Million)
·
The global pressure sensitive adhesives market
size was over 2,800 kilo tons in 2015 and is expected to exceed 4,000 kilo tons
by 2024, growing at an estimated CAGR of 4.8% from 2016 to 2024.
·
Water-based PSA is expected to be the fastest
growing technology segment owing to their low cost and environment-friendly
characteristic.
·
Labels emerged as the dominant product segment
with growth driven by increasing demand for RFID labels and retail labeling
applications.
·
Asia Pacific was the leading regional market
witnessing growth in key end-use industries such as automotive, packaging and
electrical & electronics.
·
Medical & healthcare segment is expected to
provide growth opportunities as a result of rising awareness of patient’s
health safety &and requirements on pharmaceutical labeling.
·
Graphics though holds a small share compared to
labels and tapes is a potential future market due to diverse applications in
home décor and cushioning.
·
Theindustry is highly fragmented with presence
of both, multinational players and small domestic companies.
·
Major industry participants in include The Dow
Chemical Company, H.B. Fuller, Ashland, Inc., Henkel, 3M and Avery Dennison.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the pressure sensitive adhesives market on the basis of product, end-use, technology and region:
Pressure Sensitive Adhesives Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Water-Based
·
Solvent-Based
·
Hot-Melt
·
Radiation
Pressure Sensitive Adhesives Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2024)
·
Tapes
·
Labels
·
Graphic Films
·
Specialty
·
Others
Pressure Sensitive Adhesives End-Use Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2024)
·
Automotive & Transportation
·
Electrical & Electronics
·
Consumer Goods
·
Packaging
·
Construction
·
Others
Pressure Sensitive Adhesives Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2024)
·
North America
·
U.S.
·
Canada
·
Mexico
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
India
·
China
·
Japan
·
Central & South America
·
Brazil
·
Middle East & Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-pressure-sensitive-adhesives-market
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