Pressure Sensitive Adhesives Market Analysis 2020 | 3M (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada)
Pressure Sensitive Market Scenario:
Market Research Future (MRFR) believes that the pressure-sensitive adhesives market will procure a CAGR of 6.10% between 2020 and 2027 (appraisal period).
Major Drivers and Challenges
The global market for pressure-sensitive adhesives is favored by the heightened demand in the packaging industry. Pressure-sensitive adhesives are user-friendly and effectively address numerous adhesion challenges in different coatings and substrates in the packaging sector. Packaging needs are increasingly growing complex, particularly in the food and beverage field, owing to the escalating competition. This is bound to open up favorable avenues for the global market as the demand will rise since PSAs have the ability to cater to these complex needs.
Segmental Review
The Pressure Sensitive Adhesives Market industry has been divided with respect to technology, product, and end-user.
The report has analyzed a few major technologies, namely solvent-based, water-based, radiation, and hot melt. Water-based technology has emerged as the leading segment in the market as it is eco-friendly and quite safe and cost-effective. However, the fastest growth will be experienced by the hot-melt technology, given its extensive application range in the electronics and packaging industries.
The key products listed in the report are graphics films, tapes, labels, and more. Labels are the top segment and can capture the fastest growth rate in the following years, on account of their escalating use in logistics and transportation. The thriving e-commerce sector has also bolstered the demand for warehousing solutions, thereby augmenting the need for pressure-sensitive labels.
End-users in the global market are automotive, packaging, consumer goods, electrical electronics, and more. Pressure-sensitive tapes find a wide range of use in the packaging industry, in boxes, envelopes, and containers, pouches, bags and more. The instant bonding and user-friendly properties of self-adhesive labels and tapes have boosted their penetration rate in the packaging sector.
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Regional Insight
Region-wise, the pressure-sensitive adhesives industry has been considered for Europe, North America, Asia Pacific/APAC as well as the Rest of the World/RoW.
The Asia Pacific is the biggest gainer in the global market for pressure-sensitive adhesives and is largely backed by the expanding packaging and automotive sectors. The market growth in APAC is also encouraged by the increasing disposable incomes of the mass and the rising availability of personal loans and funds that boost the sales of automobiles in the region. Other growth-promoting factors include the escalating use of pressure-sensitive adhesives in the electrical electronics sector, especially across Japan, China, Australia, Indonesia, and India, which are the most lucrative markets in the region. China is, however; the highest revenue generating market in the Asia Pacific as the country is witnessing a rapid surge in urbanization as well as industrial development.
North America will stay the second biggest market for pressure-sensitive adhesives in the next several years, thanks to the strict regulations pertaining to VOC emissions and the norms with respect to fuel efficiency. The U.S. has taken the lead in the region, in view of the extensive product demand in industries such as mining, pharmaceuticals, electronics, semiconductors, telecommunication oil natural gas, financial services, automobiles, manufacturing and textiles. FMCG and packaging sectors in the region are growing at a fast pace owing to the mounting needs of the people.
Europe, considering the rampant demand for construction tapes and the imposition of strict REACH regulations, has emerged as one of the strongest markets. Maximum growth in the region is experienced by Germany, U.K. and France, as the product demand is soaring across various end-use industries.
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Major Vendors
Some of the most prominent and well-known companies in the global industry are Nitto Denko Corporation (Japan), Ashland Inc. (U.S.), Advance Tapes International Limited (U.K.), Lintec Corporation (Japan), Avery Dennison Corporation (US), Tesa SE (Germany), 3M (US), H.B. Fuller Company (U.S.), Henkel AG Company KGaA (Germany), Collano Adhesives AG (Switzerland), The DOW Chemical Company (U.S.), Reflex Labels Ltd. (U.K.), Jonson Tapes Limited (India), Sika AG (Switzerland), Intertape Polymer Group Inc. (Canada), and many more.
Latest Updates
November 2020
DELO has launched pressure sensitive adhesives in liquid form with properties that are similar to double-sided adhesive tapes. The liquid form helps save cost as well as time during the manufacturing process. This liquid pressure-sensitive adhesive is ideal for use in electronic applications including display frames and smartphone speakers.
About Market Research Future:
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