Pressure Sensitive Adhesives Market worth $16.0 billion by 2029 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 27, 2024 /PRNewswire/ — The report “Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, Silicone), Technology (Water-Based, Solvent-Based, Hot-Melt), Application (Tapes, Labels, Graphics), End-Use Industry (Packaging, Automotive), and Region – Global Forecast to 2029″, size is projected to grow from USD 13.8 billion in 2024 to USD 16.0 billion by 2029, at a CAGR of 3.0%.

Pressure-sensitive adhesives (PSAs) represent a critical class of bonding materials that exhibit a permanently tacky nature at room temperature, enabling them to adhere to various surfaces upon the application of slight pressure. This class of adhesives is distinct in its ability to effectively bond a diverse array of materials, including paper, plastic, metal, wood, and glass, without the need for a chemical reaction to activate the adhesive properties. The intrinsic balance between adhesion and cohesion within PSAs is paramount; adhesion refers to the ability of the adhesive to bond to external substrates, while cohesion refers to the internal strength of the adhesive’s components. The utility of PSAs extends beyond traditional adhesive applications, offering a viable alternative to mechanical fasteners such as screws, rivets, and bolts. This characteristic is particularly advantageous in manufacturing processes where speed and ease of application are critical, making PSAs an optimal choice for point-of-purchase displays and general-purpose graphics.

Browse in-depth TOC on “Pressure Sensitive Adhesives Market”

170 – Tables
70 – Figures
300 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1135

The water-based segment is expected to account for one of the largest shares in 2023.

Water-Based PSAs dominate the market due to their environmentally friendly nature, lower cost, and safety. These adhesives involve dissolving acrylic polymers and other additives in water, which is then coated onto a substrate. Upon evaporation of the water, a solid adhesive layer remains. Water-based PSAs offer performance comparable to solvent-based adhesives while mitigating safety and environmental concerns. They cater to a wide range of applications, including tapes, labels, and graphics, and are compatible with various chemistries such as rubber, vinyl, and acrylic.

The acrylic segment is expected to account for the largest share in 2023.

Acrylic PSAs are known for their excellent balance of properties, including high adhesion, durability, and resistance to environmental factors. These adhesives are typically used in applications requiring long-term performance, such as in automotive and construction industries. Acrylic PSAs can be formulated to provide excellent UV resistance, making them suitable for outdoor use. They also offer good chemical resistance and can be tailored to adhere to a wide range of substrates, including metals, glass, and plastics. The ability to customize acrylic formulations allows manufacturers to create adhesives with specific properties, such as enhanced tack or shear strength.

Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=1135

Asia Pacific is expected to account for the largest share in 2023.

The Asia Pacific market is expected to experience significant growth during the forecast period. Economies in this region, including India, China, South Korea, Brazil, and Argentina, are investing heavily in industrial development, driving demand for pressure-sensitive adhesives (PSAs). In contrast, growth in the European market is being constrained by stringent environmental regulations, which are reshaping the PSA market. These regulations are compelling manufacturers to innovate and develop eco-friendly alternatives, impacting market dynamics.

Key Players

The key players in the pressure sensitive adhesives market include Henkel AG & Co. KGaA (Germany), Dow (US), Avery Dennison Corporation (US), H.B. Fuller (US), 3M (US), Arkema S.A. (France), Sika AG (Switzerland), Scapa Group PLC (UK), and Wacker Chemie AG (Germany).

Browse Adjacent Market: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

Related Reports:

Adhesive & Sealants Market – Global Forecast to 2028

Pressure Sensitive Adhesive Tapes Market – Global Forecast to 2030

About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/pressure-sensitive-adhesives-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source : https://www.marketsandmarkets.com/PressReleases/pressure-sensitive-adhesives.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/pressure-sensitive-adhesives-market-worth-16-0-billion-by-2029–exclusive-report-by-marketsandmarkets-302155884.html