Pressure-sensitive adhesive (PSA) refers to the resin that is sensitive to pressure during the bonding process. During the use, the strength of the fingertips can use to bond the surface of the adherend. It commonly used to make labels, tapes, and protective adhesives.
The global pressure sensitive adhesives market has the potential to grow with USD 20 billion with propelling CAGR in the forecast period from 2020-2027. The factors that are driving the market demand of global pressure-sensitive adhesive are the rising requirement of product proliferation majorly in the food and beverage industry, rising use in the automotive industry for warning labels and safety identification labels.
The adhesive is generally coated and cured in a liquid state to complete the bonding process of the two adherents. The pressure-sensitive adhesive itself is elastic and reliable, and the bonding process can complete after simple compounding and pressing. Therefore, the appearance of the pressure-sensitive adhesive greatly simplifies the bonding process and enables rapid development.
Pressure-sensitive adhesive is a type of adhesive that does not need to resort to solvents, heat, or other means. It only needs to apply a slight finger pressure to firmly adhere to the adherend, resulting in practical, rugged strength. It can use as adhesive tape, label, or various sheet products. Moreover, Pressure-sensitive adhesives made of synthetic rubber and recycled rubber have individual market sales due to their relatively low prices.
The characteristic of the pressure-sensitive adhesive is that it is easy to stick, not difficult to peel, and does not peel off. The adhesive layer will not dry for a long time, so the pressure-sensitive adhesive is also called a self-adhesive.
With the increasing ability of pressure-sensitive adhesives in automotive and labeling applications are propelling market demand. Factors such as increasingly severe health problems, strict energy efficiency regulations, and rising environmental issues for greenhouse gas emissions expected to be within the forecast period have a positive impact on demand.
Thermoplastic elastomer pressure-sensitive adhesives no longer use solvents, they will not produce environmental pollution and have high production efficiency. In today’s modern society with a high demand for energy-saving and ecological pollution elimination, they have a very high promotion value.
Based on the technology, the global pressure sensitive adhesive market segment into Water-based, Solvent-based, Hot Melt, Radiation-cured (Radiation-cured Hot Melt, Radiation-cured Syrup-based). The radiation-cured segment accounted for the largest share in the global pressure sensitive adhesives market. In radiation-cured, hot melt adhesive technology is the preferred choice for customers to obtain the best results in the production process. It helps in aiming to optimize the production line speed of the coating machine in PSA applications. Hot melt adhesives are cost-effective and have trusted quality, reliability, and efficiency. Moreover, the hot-melt adhesive series includes high-viscosity pressure-sensitive adhesives suitable for a variety of labeling applications, including food labels, transparent labels, single-pack bags, etc.
Based on the adhesive chemistry, the global pressure sensitive adhesive market classified into Acrylic, Rubber, Silicone, Others. The acrylic segment is estimated to dominates the maximum share of the pressure-sensitive adhesive market in the forecast period. The acrylate technology includes innovative pressure-sensitive adhesives for demanding self-adhesive applications, such as suitable temperature and chemical resistance, light resistance, or weather resistance. Besides, the UV hot melt acrylate adhesive solution helps reduce environmental emissions. It also provides long-term UV and thermal radiation stability.
Based on the product, the global pressure sensitive adhesive market segmented into Tapes, Labels, Graphics Films, Others. Tapes dominate the largest market share in the universal pressure-sensitive adhesive. It is mainly owing to the efficiency and reliability that are critical requirements in the pressure-sensitive adhesive tape market. The tape market to ensure high-performance levels, strong adhesion, and cohesive strength, and can withstand harsh environments such as high temperatures, ultraviolet light or humidity. Moreover, they have low fogging, high viscosity, and excellent adhesion to carrier materials, high cohesion, and superior temperature resistance, which can ensure the reliability of automobiles.
Based on the end-user, the global pressure sensitive adhesive market classified into Automotive, Electronics, Consumer Goods, Packaging, Construction, Others. Packaging the segment has dominated the largest share in the global pressure sensitive adhesives market. As consumers’ awareness of food safety and health increases, the demand for safe, reliable, and sustainable packaging continues to increase. Increasingly strict regulations are affecting the development, design, and use of materials for food-safe packaging. Therefore, the packaging segment is propelling the market demand for the global pressure sensitive adhesives market.
Based on geography, the global pressure sensitive adhesive market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is capturing the largest market share of the global pressure sensitive market. Most of the demand expected to come from the automotive and electrical and electronic industries. With an increase in disposable income, and the easy availability of EMI and personal loans, the demand for cars in the region has promoted.
Companies such as ExxonMobil Chemicals, Arizona Chemicals, ASF SE, The Dow Chemical Company, Scapa Group Plc, Avery Dennison, Henkel Ag & Co. KGaA, BMW, Daimler, Boeing, Siemens, and others are key players in the global pressure sensitive adhesive market.
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Global Pressure Sensitive Adhesive Market
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