Pressure Sensitive Adhesives Market by Chemistry, Technology, Application, Vertical

Description

List of Tables

[197 Pages Report] The Pressure Sensitive Adhesives Market size was estimated at USD 11.79 billion in 2023 and expected to reach USD 12.63 billion in 2024, at a CAGR 7.44% to reach USD 19.50 billion by 2030.

Pressure Sensitive Adhesives (PSAs) are adhesive material that forms a bond when pressure is applied. Water, solvent, or heat is not needed to activate the adhesive, making it ready to use. PSAs work at room temperature and stick firmly to surfaces, such as paper, plastic, metal, and glass, through light pressure alone. PSAs are designed to create a bond through light pressure, which makes them user-friendly and versatile. Increasing demand for flexible packaging and growing automotive production propel the expansion of the PSA market globally. Moreover, pressure-sensitive adhesives are extensively used in automotive and electronics for bonding and assembly applications. Their ability to meet specific performance requirements in these industries contributes significantly to market growth. However, fluctuating costs and the availability of raw materials significantly hinder market expansion. The production of pressure-sensitive adhesives relies heavily on petrochemical-based raw materials, which are subject to market volatility. Ongoing innovations in eco-friendly adhesives and the growing need for sustainable packaging solutions offer lucrative growth opportunities for the pressure sensitive adhesives market.

KEY MARKET STATISTICS
Base Year [2023]	USD 11.79 billion
Estimated Year [2024]	USD 12.63 billion
Forecast Year [2030]	USD 19.50 billion
CAGR (%)	7.44%

Regional Insights

In the Americas, particularly in the United States and Canada, the PSA market is growing, driven by a strong demand from the packaging, automotive, and healthcare sectors. Consumers in this region prioritize high-quality and durable products, with a significant shift toward eco-friendly, non-toxic adhesives. Investment in technology and sustainability is prevalent, supported by government initiatives promoting green adhesive technologies. The Asia Pacific region, including China, Japan, and India, is witnessing rapid growth in PSA consumption. The expanding electronics, automotive, and packaging industries drive demand for pressure sensitive adhesives in China. India showcases expanding demand from the construction, packaging, and automotive sectors, with a growing focus on eco-friendly options. This region benefits from substantial investments in research and innovation, particularly in high-performance and multifunctional adhesives. In the EMEA region, European Union countries strongly focus on sustainability and innovation in the adhesives industry. The market demand is propelled by the automotive, packaging, and healthcare sectors, which prefer environmentally friendly products in compliance with stringent EU regulations. The construction and packaging sectors drive market growth in the Middle East and Africa. Consumers prioritize durability and temperature resistance in the Middle East, while cost-efficiency and sustainability are significant considerations in Africa. Local manufacturing, research, and development investments are enhancing adhesive technologies and expanding the market in these regions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Pressure Sensitive Adhesives Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing demand from the packaging industry
- Increasing adoption in automotive and electronics sectors

Market Restraints
- Availability and fluctuating cost of raw materials

Market Opportunities
- Technological advancements in formulation techniques of PSAs
- Need for eco-friendly and sustainable PSA products

Market Challenges
- Recycling and health issues with pressure-sensitive adhesives

Market Segmentation Analysis
- Chemistry: Widening use of acrylic PSAs in various end-use applications for strong bonding
- Vertical: Extensive use in the packaging industry to ensure packaging materials stay intact during shipping, handling, and storage

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Pressure Sensitive Adhesives Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Pressure Sensitive Adhesives Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Bostik Enhances UV Acrylic Hot Melt PSA Capabilities for High-Performance Markets

Bostik announced plans to enhance its North American facilities with expanded manufacturing capabilities for UV acrylic hot melt pressure sensitive adhesives (HMPSA). The company aims to introduce new high-performance products while providing more sustainable adhesive options. UV acrylic HMPSAs enable higher coat weights in a single pass, minimizing manufacturing costs and reducing waste. [Published On: 2024-03-01]

Avery Dennison Launched New PSA Tape Solutions to Enhance Appliance Assembly and Performance

Avery Dennison Performance Tapes launched a new portfolio of pressure-sensitive adhesive (PSA) tape solutions specifically designed for the appliance industry. This diverse range of tapes aims to simplify use and assembly processes, boost product durability, and improve noise, vibration, and harshness (NVH) damping properties for residential and commercial appliances. These tapes cater to various appliance applications such as refrigerators, freezers, ovens, stovetops, dishwashers, dryers, and washers, fulfilling the company's aim of providing global customers with enhanced performance and satisfaction [Published On: 2024-02-29]

Beontag US Expanded Production to Meet Growing Demand for Pressure Sensitive Adhesives

Beontag US expanded its production capabilities to address the increasing demand for pressure-sensitive adhesives (PSAs). The expansion aims to enhance the company's manufacturing capacity and efficiency, ensuring it can better serve the needs of various industries that rely on high-quality adhesive solutions. [Published On: 2023-12-12]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Pressure Sensitive Adhesives Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Pressure Sensitive Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arkema Group, Ashland Inc., Avery Dennison Corporation, BASF SE, Covestro AG, DELO Industrie Klebstoffe GmbH & Co. KGaA, DIC Corporation, Ester Chemical Industries Pvt. Ltd., Evonik Industries AG, Franklin International, H.B. Fuller Company, Henkel AG & Co. KGaA, Lanxess AG, LyondellBasell Industries N.V., Mapei SpA, Mitsubishi Chemical Holdings Corporation, PPG Industries, Inc., Sika AG, The DOW Chemical Company, and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Pressure Sensitive Adhesives Market to forecast the revenues and analyze trends in each of the following sub-markets:

Chemistry
- Acrylic PSA
  - Solvent-Based Acrylic PSA
  - Water-Based Acrylic PSA

EVA PSA
Hybrid PSA
Hydrophilic PSA
Polyurethanes
Rubber PSA
- Natural Rubber
- Synthetic Rubber

Silicone PSA

Technology
- Hot Melt PSA
- Radiation PSA
  - Electronic Beam-Cured PSA
  - UV-Cured PSA

Solvent-Based PSA
- One-Component Solvent-Based PSA
- Two-Component Solvent-Based PSA

Water-Based PSA
- One-Component Water-Based PSA
- Two-Component Water-Based PSA

Application
- Graphics PSA
  - Emblems & Logos
  - Films
  - Floors, Carpets & Mats
  - Signage
  - Vehicle Wraps

Labels
- Freezer Or Frost Fix Labels
- High Tack Labels
- Peelable Labels
- Permanent Labels
- Specialty Labels
- Ultra-Peelable Labels

Tapes
- Commodity PSA Tapes
- Specialty Tapes

Vertical
- Automotive & Transportation
- Building & Construction
- Consumer Goods
- Electronics, Electrical & Telecommunication
- Industrial Assembly
- Medical & Healthcare
- Medical Devices
- Packaging
- Paper & Printing Industry
- Renewable Energy

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-437517DB6CD8

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand from the packaging industry
  - 5.1.1.2. Increasing adoption in automotive and electronics sectors
- 5.1.2. Restraints
  - 5.1.2.1. Availability and fluctuating cost of raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in formulation techniques of PSAs
  - 5.1.3.2. Need for eco-friendly and sustainable PSA products
- 5.1.4. Challenges
  - 5.1.4.1. Recycling and health issues with pressure-sensitive adhesives
5.2. Market Segmentation Analysis
- 5.2.1. Chemistry: Widening use of acrylic PSAs in various end-use applications for strong bonding
- 5.2.2. Vertical: Extensive use in the packaging industry to ensure packaging materials stay intact during shipping, handling, and storage
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Pressure Sensitive Adhesives Market, by Chemistry

6.1. Introduction
6.2. Acrylic PSA
6.3. EVA PSA
6.4. Hybrid PSA
6.5. Hydrophilic PSA
6.6. Polyurethanes
6.7. Rubber PSA
6.8. Silicone PSA

7. Pressure Sensitive Adhesives Market, by Technology

7.1. Introduction
7.2. Hot Melt PSA
7.3. Radiation PSA
7.4. Solvent-Based PSA
7.5. Water-Based PSA

8. Pressure Sensitive Adhesives Market, by Application

8.1. Introduction
8.2. Graphics PSA
8.3. Labels
8.4. Tapes

9. Pressure Sensitive Adhesives Market, by Vertical

9.1. Introduction
9.2. Automotive & Transportation
9.3. Building & Construction
9.4. Consumer Goods
9.5. Electronics, Electrical & Telecommunication
9.6. Industrial Assembly
9.7. Medical & Healthcare
9.8. Medical Devices
9.9. Packaging
9.10. Paper & Printing Industry
9.11. Renewable Energy

10. Americas Pressure Sensitive Adhesives Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Pressure Sensitive Adhesives Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Pressure Sensitive Adhesives Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Bostik Enhances UV Acrylic Hot Melt PSA Capabilities for High-Performance Markets
- 13.3.2. Avery Dennison Launched New PSA Tape Solutions to Enhance Appliance Assembly and Performance
- 13.3.3. Beontag US Expanded Production to Meet Growing Demand for Pressure Sensitive Adhesives
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio