Global Pressure Sensitive Adhesives Market to Increase to $8.0 Bn by 2020

Pressure Sensitive Adhesives Market

Pressure Sensitive Adhesives Market

Zion Market Research has published a new report titled “Pressure Sensitive Adhesives (Water-based, Solvent-based, Hot Melt, Radiation Cured) Market for Tapes, Specialty, Labels, Graphics, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 – 2020.” According to the report, global demand for pressure sensitive adhesives was valued at USD 6.20 billion in 2014 and is expected to reach USD 8.0 billion in 2020, growing at a CAGR of around 5% between 2015 and 2020. In terms of volume, the global pressure sensitive adhesives market stood at 2.65 million tons in 2014.

Asia Pacific dominated the global pressure sensitive adhesives market and accounted around 45% of the total volume in 2014. Strong growth in automotive and electronic industry in the region is the major reason behind strong demand for pressure sensitive adhesives. Moreover, consumer goods such as footwear, office stationary and furniture are also anticipated to record strong demand for pressure sensitive adhesives in the years to come. North America, Europe, Latin America, and Middle East & Africa are other regions following Asia Pacific.

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The pressure sensitive adhesives market is segmented on the basis of different types of pressure sensitive adhesives products such as water-based pressure sensitive adhesives, solvent-based pressure sensitive adhesives, hot melt pressure sensitive adhesives, and radiation cured pressure sensitive adhesives. The water-based pressure sensitive adhesives dominated the market with around 60% share in total revenue generated in 2014. It is also expected to continue to be the fastest growing segment over the forecast period. The second largest product segment was solvent-based pressure sensitive adhesives in 2014. Solvent based pressure sensitive adhesives are expected to grow at the slowest CAGR during the forecast period slightly losing its market share by the end of 2020.

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The pressure sensitive adhesives market is segmented on the basis of various application segments such as tapes, specialty, labels, graphics and other applications including dental adhesives, notepads, etc. In 2014, the tapes dominated the pressure sensitive adhesives application market and accounted around 40% total shares of the market. The labeling application is expected to exhibit fastest growth rate during the next five years. Furthermore, the increasing demand for lighter vehicles in automotive industries is expected to drive demand for specialty pressure sensitive adhesives.

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Pressure sensitive adhesives are the adhesives that form a bond with the surface when pressure is applied. Pressure sensitive adhesives are made up of various compositions of chemicals like acrylic, silicone, polyurethane, and styrene butadiene. Pressure sensitive adhesives are used in host industries such as building & construction, electrical and electronics, packaging and automotive for various applications. Pressure sensitive adhesives (PSAs) require pressure to create bonding between the adhesive and the substrate. No solvent, water, or heat is needed to activate the adhesive.

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3M Company, HB Fuller, Henkel AG, Avery Dennison, Collano Adhesives AG, Novamelt, Bostik S.A., BASF SE, LG Chemicals, and Ashland, Inc. are the key players operating in this industry.

The report segments the global pressure sensitive adhesives market as:

Product Segment Analysis: Water-based, Solvent-based, Hot melt, Radiation cured

Application Segment Analysis: Tapes, Specialty, Labels, Graphics, Others (Automotive trims, dental adhesives, notepads, etc.)

Regional Segment Analysis: North America(U.S.), Europe(UK, France, Germany), Asia-Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa

About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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