The Global Pressure-sensitive Adhesives Market was estimated to be $ Billion in 2028 and is anticipated to grow at a CAGR of more than 7.54% from 2021 to 2028. Pressure-sensitive adhesive is a non-reactive viscous adhesive that forms a bond when pressure is applied to adhesive film and the substrate during the time of contact. The pressure-sensitive adhesive does not require any solvent, heat, or water to form a bond with the surface. The properties of the pressure-sensitive adhesive are UV light resistance, aging properties, color stability, high shear strength, hydrolysis resistance, chemical resistance, resistance against variable temperatures. The pressure-sensitive adhesive is used in pressure-sensitive tapes, labels, glue dots, note pads, automobile trim, foil tape for HVCA duct, safety labels for power equipment, promotional graphics, surface protection films, and a wide variety of other products.
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Global Pressure-sensitive Adhesives Drivers And Restrain:
The major factors that have impacted the growth of the Pressure-sensitive Adhesive market are the growing use of pressure-sensitive adhesive tape due to applications offered by this tape in various industries, increasing demand in the packaging industry for low cost and durable packing, constant developments in the automotive sector, and among others.
The growing use of Pressure-sensitive adhesive tape:
Pressure-sensitive Adhesive Tape is a thin and light flexible material single or double side coated self-adhesive and self-sticking tape. This tape is easy to use and cheap as compared to traditional fastening solutions. The various advantages of pressure-sensitive adhesive tapes are reduced product weight, improved product durability, bonds dissimilar materials without concerns, enhanced product aesthetics, lower production costs, uniform thickness, gap filling properties, and increased productivity. These tapes have found applications in industries such as healthcare, food and beverages, automotive, logistics and transportation, and others. The application offered by pressure-sensitive adhesive tapes in these industries are noise reduction, reduced assembly time, eliminates the need for a surface refinishing, eliminates visible mechanical fastener for cosmetics superiority, and vibration dampening. The growing use of pressure adhesive tape is encouraging manufacturers to enhance the applications and properties of the tape. The initiative to improve the performance of these tapes is expected to drive the pressure-sensitive adhesive market growth.
Increasing Demand in the Packaging industry:
The pressure-sensitive adhesives offer several advantages to the packaging industry. The benefits of pressure-sensitive adhesives such as easy handling, lightweight, instant bond, less space consumption, longer shelf life, better printability, and easy transit are encouraging packaging industries to use them. The pressure-sensitive adhesives are used to meet increasingly complex packaging demands that are continuously increasing due to the launch of new products and product proliferation. The pressure-sensitive adhesives are reliable as they ensure the packager that the product packaging remains undamaged until it reaches the hands of the customer. The pressure-sensitive adhesives do not require any heat to form a bond unlike the traditional fastening solutions such as glue sticks and tapes, thus providing a safer environment to the workers on the working floor. The constant research and development happening for enhancing the pressure-sensitive adhesives applications for the packaging industry are expected to boost the pressure-sensitive adhesives market growth.
Constant developments in the automotive sector:
The development in the automotive industry has raised the demand for pressure-sensitive adhesives. Pressure-sensitive products such as labels and tapes are extensively used in automotive. They are mainly used in lightweight vehicles for reducing fuel consumption. The pressure-sensitive tapes are used on the body, bonnet, and interior and exterior trim of automobiles. The rising demand for electric, automated, and fuel-efficient vehicles is expected to supplement the pressure-sensitive adhesives market growth.
The market may be hampered by raw material price fluctuations and strict government requirements.
Impact Of COVID-19 on the Pressure-sensitive Adhesives Market:
Global Pressure-sensitive Adhesives Market Segments:
The global Pressure-sensitive Adhesives market is further segmented into chemical composition, type, application, end-users, and geography.
By Chemical Composition: Acrylic, Rubber, Ethylene Vinyl Acetate, Silicone, Polyurethane, and Others
By Type: Water Based, Hot Melts, Solvent Based, and Radiation Based
By Application: Labels, Medical, Graphics, Tapes, and Others
By End-User: Automotive, Packaging, Building & Construction, Electronics, Medical, Consumer Goods, and Others
Asia Pacific region is estimated to dominate the pressure-sensitive adhesive market due to significant growth in the packaging, electronics, automotive, food and beverages, and medical industries in this region. Many leading manufacturers are setting up their plants in this area due to the presence of raw materials and cheap labor. Rapid urbanization and industrialization, and rising government investments and initiatives are also expected to drive the pressure-sensitive adhesive market in the Asia-Pacific region. North America is expected to show lucrative growth in the pressure-sensitive adhesive market owing to the adaptation of emerging advanced technology in industries such as an automobile.
Key Players of Global Pressure-sensitive Adhesives Market:
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