Pressure-sensitive Adhesives Market

Pressure sensitive adhesives market is projected to reach USD 15,374 million by 2027, exhibiting a CAGR of 6.3% during forecast period.

Pressure-sensitive Adhesives Market Overview

Pressure-sensitive adhesive can be defined as a class of adhesive compositions that are thick, sticky, and semi-fluid in consistency and are applied with pressure to hold materials together. Pressure-sensitive adhesives are used for several applications owing to their ability to create a bond between different materials including paper, wood, metals, plastics, and ceramics.

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Major Pressure-sensitive Adhesives Market Drivers

The Pressure-sensitive adhesive market size is expected to grow at a high CAGR over the forecast period primarily due to their increasing demand from end-use industries including packaging, medical, transportation, electronics, woodworking, and others. In addition, the growing use of Pressure-sensitive adhesives in labeling food packaging owing to its availability in permanent, removable, and repositionable form, excellent water resistance properties, and long shelf life. Moreover, the rising healthcare industry together with the growing use of pressure-sensitive adhesive (PSA) coated materials in surgical, wound care, ostomy, and electro-medical applications are expected to promote market growth.

Restraint in the Pressure-sensitive Adhesives Market

However, variation in the prices of raw materials is expected to restraint the growth of the Pressure-sensitive adhesives market over the forecast period.

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Technology – Segment Analysis

Based on the technology, water-based Pressure-sensitive adhesive is expected to hold a prominent share in the market. This can be attributed to its benefit that includes high levels of tack and a flexible open time, excellent adhesion to polar substrates, good transparency retention, and resistance to extreme environmental conditions. In addition, water-based PSA is increasingly used for tape applications including films, masking, removable applications, and surface protection.

Resin – Segment Analysis

Based on the resin, acrylic resin is expected to grow at a notable CAGR over the forecast period primarily due to its long-term aging, more resistance to solvents, and higher temperature, and it develops a stronger bond than the traditional rubber adhesive. Moreover, they are highly used in pharmaceutical labels, removable and resealable labels, and automotive tape, vehicle graphics, wound dressings, surgical drapes, and others, which is expected to promote market growth.

Application – Segment Analysis

Based on the application, tapes are expected to hold a high market share owing to their thin and light material and they do not require any other element other than pressure to activate. Additionally, PSA tapes are increasingly used in the form of packing tape, masking tape, duct tape, electrical tape, double-sided tape, and athletic tape for applications including managing heat, masking off areas, protecting surfaces, and suppressing sound, and others.

End-Use Industry – Segment Analysis

Based on the end-use industry, the medical industry is expected to grow at a substantial CAGR over the forecast period owing to the rising use of PSA in surgical tapes, dressing films, and other on-skin applications primarily due to its low skin irritation, superior flexibility, and high moisture permeability. Also, medical-grade silicone Pressure-sensitive adhesives are widely used in the manufacturing of Transdermal Drug Delivery Systems (TDDS) owing to their biocompatibility, adjustable adhesion, and comfortable removal.

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Regional – Segment Analysis:

North America is expected to hold a major share in the market over the forecast period primarily due to the growing demand for advanced packaging solutions for food and medical products among consumers and the rising application of PSA in industries including electronics and transportation. The presence of leading vendors including Avery Dennison Corporation, 3M Company, and Huntsman Corporation is further expected to contribute to the growth of the market.

Top Market Players

Several leading Pressure-sensitive Adhesives companies operating in the market, include 3M Company, DuPont de Nemours, Inc., H.B. Fuller Company, Arkema, Henkel AG & Co. KGaA, Avery Dennison Corporation, Huntsman Corporation, Illinois Tool Works Inc., Sika AG, and Toyochem Co., Ltd., among others.

Key Developments:

• • In 2020, Henkel Adhesives Technologies India Private Limited, a subsidiary of Henkel AG & Co. KGaA, opened a production facility in India. This is expected to serve the growing demand of high-performance solutions in adhesives, sealants, and surface treatment products among Indian industries.

Segments covered in the Report:

The global Pressure-sensitive Adhesives market has been segmented on the basis of technology, resin, application, end-use industry, and key regions. Based on technology, the market is segmented into water-based, solvent-based, hot melt, radiation. Based on the resin, the market is segmented into acrylics, silicones, elastomers, and others. Based on the application, the market is segmented into tapes, labels, graphics, and others. Based on end-use industry, the market is segmented into packaging, woodworking and joinery, medical, commercial graphics, transportation, electronics, and others.

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Market Segmentation

Global Pressure-sensitive Adhesives Market by Technology

• • Water-based
  • Solvent-based
  • Hot Melt
  • Radiation

Global Pressure-sensitive Adhesives Market by Resin

• • Acrylics
  • Silicones
  • Elastomers
  • Others

Global Pressure-sensitive Adhesives Market by Application

• • Tapes
  • Labels
  • Graphics
  • Others

Global Pressure-sensitive Adhesives Market by End-Use Industry

• • Packaging
  • Woodworking and Joinery
  • Medical
  • Commercial Graphics
  • Transportation
  • Electronics
  • Others

Global Pressure-sensitive Adhesives Market by Region

• • North America Pressure-sensitive Adhesives Market (Option 1: As a part of the free 25% customization)

    • North America Pressure-sensitive Adhesives Market by Technology
    • North America Pressure-sensitive Adhesives Market by Resin
    • North America Pressure-sensitive Adhesives Market by Application
    • North America Pressure-sensitive Adhesives Market by End-Use Industry
    • US Pressure-sensitive Adhesives Market All-Up
    • Canada Pressure-sensitive Adhesives Market All-Up

  • Europe Pressure-sensitive Adhesives Market (Option 2: As a part of the free 25% customization)

    • Europe Pressure-sensitive Adhesives Market by Technology
    • Europe Pressure-sensitive Adhesives Market by Resin
    • Europe Pressure-sensitive Adhesives Market by Application
    • Europe Pressure-sensitive Adhesives Market by End-Use Industry
    • UK Pressure-sensitive Adhesives Market All-Up
    • Germany Pressure-sensitive Adhesives Market All-Up
    • France Pressure-sensitive Adhesives Market All-Up
    • Spain Pressure-sensitive Adhesives Market All-Up
    • Rest of Europe Pressure-sensitive Adhesives Market All-Up

  • Asia-Pacific Pressure-sensitive Adhesives Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Pressure-sensitive Adhesives Market by Technology
    • Asia-Pacific Pressure-sensitive Adhesives Market by Resin
    • Asia-Pacific Pressure-sensitive Adhesives Market by Application
    • Asia-Pacific Pressure-sensitive Adhesives Market by End-Use Industry
    • China Pressure-sensitive Adhesives Market All-Up
    • India Pressure-sensitive Adhesives Market All-Up
    • Japan Pressure-sensitive Adhesives Market All-Up
    • Rest of APAC Pressure-sensitive Adhesives Market All-Up

  • RoW Pressure-sensitive Adhesives Market (Option 4: As a part of the free 25% customization)

    • RoW Pressure-sensitive Adhesives Market by Technology
    • RoW Pressure-sensitive Adhesives Market by Resin
    • RoW Pressure-sensitive Adhesives Market by Application
    • RoW Pressure-sensitive Adhesives Market by End-Use Industry
    • Brazil Pressure-sensitive Adhesives Market All-Up
    • South Africa Pressure-sensitive Adhesives Market All-Up
    • Saudi Arabia Pressure-sensitive Adhesives Market All-Up
    • UAE Pressure-sensitive Adhesives Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Pressure-sensitive Adhesives Market All-Up

Major Players Operating in the Pressure-sensitive Adhesives Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M Company
  • DuPont de Nemours, Inc. 
  • B. Fuller Company
  • Arkema
  • Henkel AG & Co. KGaA
  • Avery Dennison Corporation
  • Huntsman Corporation
  • Illinois Tool Works Inc.
  • Sika AG
  • Toyochem Co., Ltd.