Million Insights
Market Research Released A New Research Report On Global Pressure Sensitive
Adhesives Market - Forecast Up To 2025. Report Provide Overview Of Top Key
Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic
Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And
Drawing A Competitive Landscape For The Market.
Pune, India: Oct. 28,
2019 - Pressure Sensitive Adhesives Market
was valued at USD 8.81 billion in 2015. The market is driven by the increasing
consumption of the product in construction, consumer goods, automotive, and
packaging industries. The rising requirements for reducing weight in products
providing high bonding solutions is expected to drive market growth.
The increasing use of low-cost engineering and lightweight
plastics in numerous end-use applications such as electronics, construction,
and automotive is expected to have a positive impact on the PSA market demand.
The low plastic materials are evolving as substitutes for wood assembly,
construction material, glass, and heavy materials.
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visit @ https://www.millioninsights.com/industry-reports/pressure-sensitive-adhesives-market/request-sample
The largest product segment was labels at CAGR of over 5% owing
to the rising demand for retail labeling and RFID labels. The key driving
factor for the growth in this segment is a wide range of applications in
security, health & beauty, food & beverage, and transportation
industry.
RFID labels contributed to one of the largest application
segment owing to their ability to track security and inventory locations
including sea ports, shopping malls, and companies. Graphics application
accounts for a small market share as opposed to tapes and labels is a potential
future market owing to a wide range of applications in cushioning and home
décor.
Tapes dominate the market with wide application scope in
construction & building, medical, electrical, and automotive industries.
They are used in mounting, HVAC & pipe wrapping, splicing, casketing,
sealing, and masking.
End-use Insights
The dominant end-use segment was packaging accounting for
over 25% of the market volume in 2015, owing to the high use of the product in
food packaging industry. The advent of packaging technology coupled with
increased requirement of PSAs flexible materials on account of its attributes
including good adhesion at low temperature is anticipated to fuel market
demand.
The extensive use of the product in electronics &
electrical industries is on account of its performance specifications including
easy application, strong bond strength, easy application, and transparency
coupled with decreased processing time. The electronic appliances including
refrigerators and microwaves together with membrane switches are likely to have
a positive impact on PSA market growth.
Asia Pacific contributed to over 45% of the market volume in
2015. The easy availability o funds via personal loans and EMI coupled with
increasing disposable income is expected to drive market growth in the region.
The demand for the product is primarily from the electronic & electrical
and automotive industries.
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Report visit @ https://www.millioninsights.com/industry-reports/pressure-sensitive-adhesives-market
Market Segment:
Pressure Sensitive Adhesives Technology Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2024)
• Water-Based
• Solvent-Based
• Hot-Melt
• Radiation
Pressure Sensitive Adhesives Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2024)
• Tapes
• Labels
• Graphic Films
• Specialty
• Others
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