Pressure Sensitive Adhesives Market Report
RA07143
Pressure Sensitive Adhesives Market by Technology (Water-based, Solvent-based, Hot Melt, and Radiation-Cured), Adhesive Chemistry (Acrylic, Rubber, Silicone, and Others), Product (Tapes, Labels, Graphic Films, and Others), End-use (Automotive, Electronics, Consumer Goods, Packaging, Construction, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Pressure Sensitive Adhesives Overview
Pressure-sensitive adhesive is a form of adhesive that adheres to surfaces when applied with minimal pressure, because of its unique qualities. They are commonly found as a thin, flexible film or coating, and are made to stick to a variety of objects including paper, plastic, metal, glass. By forming molecular connections with the surface, it is applied to the adhesive. The fact that PSAs don't need heat, water, or solvents to activate the adhesive is one of its main benefits. As soon as pressure is applied, they are prepared to stick. This makes them easy to use and allows for quick bonding in many situations. PSAs offer excellent tackiness, which refers to their ability to stick to surfaces instantly upon contact. They also have good peel adhesion, meaning they can resist being pulled off once applied. They are, however, not as strong as other forms of adhesives such as epoxy or super glue. PSAs may be found in a variety of ordinary products such as sticky notes, tape, labels, and bandages. They can also be found in more specialized applications like automobile assembly and electronics production and medical equipment. Overall, pressure-sensitive adhesives are a simple and effective way to join surfaces without the need for extra chemicals or procedures. Because of their capacity to give immediate adhesion and flexibility, they are a popular choice in a variety of sectors.
Global Pressure Sensitive Adhesives Market Analysis
The global pressure sensitive adhesives market size was $12.6 billion in 2022 and is predicted to grow at a CAGR of 4.5%, by generating a revenue of $19.6 billion by 2032.
COVID-19 Impact on Global Pressure Sensitive Adhesives Market
Many industries, such as automotive, construction, and packaging, faced disruptions due to lockdowns and restrictions, leading to reduced demand for PSA products. The pandemic disrupted global supply chains, affecting the availability of raw materials and components required for the production of PSAs. The construction industry, a major consumer of PSAs, experienced a slowdown during the pandemic due to project delays and financial constraints. However, PSAs played a crucial role in the production of medical devices, such as face masks, medical tapes, and wound dressings, which were in high demand during the pandemic. The increasing demand for packaging materials, such as PSAs used in tapes and packaging, has resulted from the boom in e-commerce activities and online purchasing. PSAs helped in the creation of hygiene goods such as sanitizing wipes and hand sanitizers, which were in high demand.
Overall, the COVID-19 pandemic had a mixed impact on the PSA market, with some segments experiencing a decline in demand while others benefited from the increased need for medical, packaging, and hygiene-related products. The market is expected to gradually recover as the global economy rebounds and industries resume normal operations.
Various Advantages of Pressure Sensitive Adhesives to Drive Market Growth
PSAs can be easily applied by simply pressing them onto a surface. No additional heat, water, or solvents are required for activation, making them convenient and user-friendly. PSAs create an immediate bond upon contact with the surface. There is no need for drying or curing time, allowing for instant usability and productivity. Also, PSAs offer a unique characteristic known as releasability. They can be easily removed without leaving a sticky residue or damaging the substrate, making them ideal for temporary applications or repositioning. Unlike other adhesives that may leave behind residue or require cleaning, PSAs maintain a clean surface after removal. This saves time and effort in post-application cleanup. Additionally, PSAs can be formulated with specific properties to meet different requirements, such as increased heat resistance, improved UV stability, or enhanced adhesion on challenging surfaces. This flexibility allows for tailored solutions in various industries. Overall, pressure-sensitive adhesives combine ease of use, versatility, and reliable bonding properties, making them a popular choice across a wide range of applications, from everyday products like tapes and labels to industrial assemblies and medical devices.
Certain Limitations Due to Inherent Nature of Pressure Sensitive Adhesives to Restrain Market Growth
Pressure sensitive adhesives generally have lower bonding strength compared to other types of adhesives. They may not be suitable for applications that require high tensile or shear strength. These adhesives can be sensitive to temperature changes. Extreme heat or cold can affect their performance, causing them to lose their adhesive properties or become too sticky. Pressure-sensitive adhesives have a lower durability than other types of adhesives. They may decay with time, particularly if placed under extreme environmental conditions like sunshine and rain or chemicals. Because of their lesser bonding strength, pressure sensitive adhesives may not be suited for applications involving severe weights or stress. They may not be able to resist large weights or pressure, if they do not provide appropriate support. Pressure-sensitive adhesives may have a short shelf life; even if they have not been used, they might lose their adhesive characteristics and become less effective with time. It is critical to preserve them carefully and utilize them within the shelf life.
Advancements in Pressure Sensitive Adhesives to Drive Excellent Opportunities for Future
The creation of new pressure-sensitive adhesives with enhanced characteristics represents one possible prospect; the strength and longevity and adaptability of these adhesives are always being improved by scientists and researchers. As a result, pressure-sensitive adhesives with greater surface compatibility and resistance to severe environments, and enhanced bonding power are anticipated in the future. Another possibility is the use of pressure-sensitive adhesives in upcoming technology. As new technologies such as flexible electronics, wearable gadgets, and innovative packaging materials emerge, there will be an increasing demand for adhesives capable of providing secure and dependable bonding in these specific applications. Pressure-sensitive adhesives can also play an important part in the assembly and operation of these cutting-edge technologies. Furthermore, environmental concerns and long-term viability will be critical elements in the development of pressure-sensitive adhesives. The industry is working to create more environmentally friendly adhesives with less reliance on toxic chemicals and increased recyclability. This provides an opportunity for the creation of pressure-sensitive adhesives that are not only effective but also adhere to environmental responsibility standards. Overall, pressure-sensitive adhesives have a bright future ahead of them with chances to improve their adhesive characteristics use them in cutting-edge technology and create eco-friendly solutions.
Global Pressure Sensitive Adhesives Market, by Technology, 2022
The water-based sub-segment accounted for the highest market share in 2022. Water-based technology in pressure-sensitive adhesives offers several positive points. Water-based adhesives are believed to be less harmful to the environment than solvent-based adhesives. Since water-based adhesives are non-toxic and inflammable, handling and storing them is safer as they lessen possible worker health concerns and the possibility of fire hazards. Water-based adhesives are typically easy to apply using various methods, such as spraying, rolling, or brushing. They offer good wet-out properties, ensuring better coverage and adhesion. Additionally, cleanup is straightforward, as excess adhesive or spills can be easily cleaned with water. Water-based adhesives frequently meet regulatory norms and limits, such as those pertaining to volatile organic compounds (VOCs) and hazardous air pollutants and hence are appropriate for use in sectors where adherence to environmental standards is critical.
Global Pressure Sensitive Adhesives Market, by Adhesive Chemistry, 2022
The acrylic sub-segment accounted for the highest market share in 2022. Acrylic is a highly durable material that can withstand impact and resist cracking or breaking, making it suitable for various applications. Acrylic has excellent transparency, allowing for clear visibility. It is often used as a substitute for glass in windows, display cases, and other transparent applications. Acrylic is much lighter than glass, making it easier to handle and transport. This characteristic also makes it ideal for applications where weight is a concern. Acrylic is a versatile material that can be easily molded into different shapes and sizes. It can be used for a wide range of products, from signage and lighting fixtures to furniture and home decor items. Acrylic is resistant to many chemicals, including common household cleaners, making it easier to maintain and clean. It is also resistant to water, reducing the risk of damage from moisture.
Global Pressure Sensitive Adhesives Market, by Product, 2022
The tapes sub-segment accounted for the highest market share in 2022. Tapes have dominated the pressure-sensitive adhesive industry for a variety of reasons. To begin with, tapes are quite adaptable and may be utilized in a broad variety of applications. They are utilized in sectors like as automotive, electronics, and healthcare for packaging, sealing, and bonding. The simplicity of usage is another factor that contributes to their widespread adoption. Tapes may be used for a multitude of purposes due to their various forms and sizes. They don't require any additional tools or equipment and are easy to cut and apply. They are readily available and well-liked by both specialists and regular people due to their simplicity.
Global Pressure Sensitive Adhesives Market, by End-use, 2022
The packaging sub-segment accounted for the highest market share in 2022. Packaging is the dominant end user of pressure sensitive adhesive because it offers several advantages for both manufacturers and consumers. Pressure sensitive adhesives are easy to apply and do not require any additional heat or solvent for activation. They have a strong initial tack and can adhere to various surfaces, including different types of materials commonly used in packaging such as paper, plastic, and metal. Pressure sensitive adhesives are a cost-effective choice for manufacturers since they can be applied fast and efficiently throughout the packaging process. They also provide flexibility in packaging design, allowing for a variety of forms, sizes, and closures. For consumers, pressure sensitive adhesives on packaging ensure secure and reliable closure of products. Pressure sensitive adhesives assist in safeguarding and securing the contents of containers, whether it be a box of cereal, a bottle of toothpaste, or a bag of cookies. Additionally, they make it simple to open and reseal containers, providing convenient access to the food while preserving its freshness and avoiding decomposition.
Global Pressure Sensitive Adhesives Market Share, by Region, 2022
The Asia-Pacific pressure sensitive adhesives market generated the need in 2022. Asia Pacific is the dominating region for the use of pressure-sensitive adhesive due to several reasons. For starters, the region has a huge population, which drives up demand for consumer products and packaging. Pressure-sensitive adhesives are extensively employed to develop simple and dependable adhesive solutions in a variety of sectors, including automotive, electronics, and healthcare. Second, Asia Pacific is home to a number of manufacturing hubs, where numerous enterprises manufacture a wide range of items. Pressure-sensitive adhesives make assembling, bonding, and sealing of various materials easier and more versatile in industrial processes. The dominance of pressure-sensitive adhesives is further aided by the existence of a solid supply chain and the accessibility of raw materials in the area. This guarantees consistent manufacturing and distribution of adhesive goods, satisfying the needs of diverse Asia Pacific sectors.
Competitive Scenario in the Global Pressure Sensitive Adhesives Market
Some of the leading companies of the market include H.B. Fuller, Henkel AG & Co., KGaA, Bostik S.A., 3M, Sika AG, Ashland, Inc, Pidilite Industries Ltd, Jubilant Industries Ltd, AkzoNobel N.V, and Franklin Adhesives & Polymers.
| Aspect | Particular |
| Historical Market Estimations | 2020-2022 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Technology |
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| Segmentation by Adhesive Chemistry |
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| Segmentation by Product |
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| Segmentation by End-use |
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| Key Companies Profiled |
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Q1. What is the size of the global pressure sensitive adhesives market?
A. The size of the global pressure sensitive adhesives market was over $12.6 billion in 2022 and is projected to reach $19.6 billion by 2032.
Q2. Which are the major companies in the pressure sensitive adhesives market?
A. H.B. Fuller, Henkel AG & Co., KGaA, Bostik S.A., 3M, and Sika AG, are the major companies in the global pressure sensitive adhesives market.
Q3. What are the strategies opted by the leading players in this market?
A. Agreement and investment are the two key strategies opted by the operating companies in this market.
Q4. Which companies are investing more on R&D practices?
A. H.B. Fuller, Henkel AG & Co., KGaA, Bostik S.A., and 3M, are the major players investing in R&D practices.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Pressure Sensitve Adhesives Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Pressure Sensitve Adhesives Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Pressure Sensitve Adhesives Market, By Type
5.1. Overview
5.2 Water-based
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Solvent-Based
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Hot-melt
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Radiation
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 Research Dive Exclusive Insights
5.6.1 Market attractiveness
5.6.2 Competition heatmap
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6. Pressure Sensitve Adhesives Market, By Material
6.1. Overview
6.2 Packaging
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Electrical
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Electronics
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 & Telecommunication
6.5.1 Definition, key trends, growth factors, and opportunities
6.5.2 Market size analysis, by region, 2020-2027
6.5.3 Market share analysis, by country, 2020-2027
6.6 Automotive & Transportation
6.6.1 Definition, key trends, growth factors, and opportunities
6.6.2 Market size analysis, by region, 2020-2027
6.6.3 Market share analysis, by country, 2020-2027
6.7 Building & Construction
6.7.1 Definition, key trends, growth factors, and opportunities
6.7.2 Market size analysis, by region, 2020-2027
6.7.3 Market share analysis, by country, 2020-2027
6.8 Medical & Healthcare
6.8.1 Definition, key trends, growth factors, and opportunities
6.8.2 Market size analysis, by region, 2020-2027
6.8.3 Market share analysis, by country, 2020-2027
6.9 Others
6.9.1 Definition, key trends, growth factors, and opportunities
6.9.2 Market size analysis, by region, 2020-2027
6.9.3 Market share analysis, by country, 2020-2027
6.10 Research Dive Exclusive Insights
6.10.1 Market attractiveness
6.10.2 Competition heatmap
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7. Pressure Sensitve Adhesives Market, By End Use
7.1. Overview
7.2 Tapes
7.2.1 Definition, key trends, growth factors, and opportunities
7.2.2 Market size analysis, by region, 2020-2027
7.2.3 Market share analysis, by country, 2020-2027
7.3 Labels
7.3.1 Definition, key trends, growth factors, and opportunities
7.3.2 Market size analysis, by region, 2020-2027
7.3.3 Market share analysis, by country, 2020-2027
7.4 Graphics
7.4.1 Definition, key trends, growth factors, and opportunities
7.4.2 Market size analysis, by region, 2020-2027
7.4.3 Market share analysis, by country, 2020-2027
7.5 Others
7.5.1 Definition, key trends, growth factors, and opportunities
7.5.2 Market size analysis, by region, 2020-2027
7.5.3 Market share analysis, by country, 2020-2027
7.6 Research Dive Exclusive Insights
7.6.1 Market attractiveness
7.6.2 Competition heatmap
8. Pressure Sensitve Adhesives Market, By Region
8.1 North America
8.1.1 U.S
8.1.1.1 Market size analysis, By Type, 2020-2027
8.1.1.2 Market size analysis, By Material, 2020-2027
8.1.1.3 Market size analysis, By End Use, 2020-2027
8.1.2 Canada
8.1.2.1 Market size analysis, By Type, 2020-2027
8.1.2.2 Market size analysis, By Material, 2020-2027
8.1.2.3 Market size analysis, By End Use, 2020-2027
8.1.3 Mexico
8.1.3.1 Market size analysis, By Type, 2020-2027
8.1.3.2 Market size analysis, By Material, 2020-2027
8.1.3.3 Market size analysis, By End Use, 2020-2027
8.1.4 Research Dive Exclusive Insights
8.1.4.1 Market attractiveness
8.1.4.2 Competition heatmap
8.2 Europe
8.2.1 Germany
8.2.1.1 Market size analysis, By Type, 2020-2027
8.2.1.2 Market size analysis, By Material, 2020-2027
8.2.1.3 Market size analysis, By End Use, 2020-2027
8.2.2 UK
8.2.2.1 Market size analysis, By Type, 2020-2027
8.2.2.2 Market size analysis, By Material, 2020-2027
8.2.2.3 Market size analysis, By End Use, 2020-2027
8.2.3 France
8.2.3.1 Market size analysis, By Type, 2020-2027
8.2.3.2 Market size analysis, By Material, 2020-2027
8.2.3.3 Market size analysis, By End Use, 2020-2027
8.2.4 Spain
8.2.4.1 Market size analysis, By Type, 2020-2027
8.2.4.2 Market size analysis, By Material, 2020-2027
8.2.4.3 Market size analysis, By End Use, 2020-2027
8.2.5 Italy
8.2.5.1 Market size analysis, By Type, 2020-2027
8.2.5.2 Market size analysis, By Material, 2020-2027
8.2.5.3 Market size analysis, By End Use, 2020-2027
8.2.6 Rest of Europe
8.2.6.1 Market size analysis, By Type, 2020-2027
8.2.6.2 Market size analysis, By Material, 2020-2027
8.2.6.3 Market size analysis, By End Use, 2020-2027
8.2.7 Research Dive Exclusive Insights
8.2.7.1 Market attractiveness
8.2.7.2 Competition heatmap
8.3 Asia-Pacific
8.3.1 China
8.3.1.1 Market size analysis, By Type, 2020-2027
8.3.1.2 Market size analysis, By Material, 2020-2027
8.3.1.3 Market size analysis, By End Use, 2020-2027
8.3.2 Japan
8.3.2.1 Market size analysis, By Type, 2020-2027
8.3.2.2 Market size analysis, By Material, 2020-2027
8.3.2.3 Market size analysis, By End Use, 2020-2027
8.3.3 India
8.3.3.1 Market size analysis, By Type, 2020-2027
8.3.3.2 Market size analysis, By Material, 2020-2027
8.3.3.3 Market size analysis, By End Use, 2020-2027
8.3.4 Australia
8.3.4.1 Market size analysis, By Type, 2020-2027
8.3.4.2 Market size analysis, By Material, 2020-2027
8.3.4.3 Market size analysis, By End Use, 2020-2027
8.3.5 South Korea
8.3.5.1 Market size analysis, By Type, 2020-2027
8.3.5.2 Market size analysis, By Material, 2020-2027
8.3.5.3 Market size analysis, By End Use, 2020-2027
8.3.6 Rest of Asia-Pacific
8.3.6.1 Market size analysis, By Type, 2020-2027
8.3.6.2 Market size analysis, By Material, 2020-2027
8.3.6.3 Market size analysis, By End Use, 2020-2027
8.3.7 Research Dive Exclusive Insights
8.3.7.1 Market attractiveness
8.3.7.2 Competition heatmap
8.4 LAMEA
8.4.1 Brazil
8.4.1.1 Market size analysis, By Type, 2020-2027
8.4.1.2 Market size analysis, By Material, 2020-2027
8.4.1.3 Market size analysis, By End Use, 2020-2027
8.4.2 Saudi Arabia
8.4.2.1 Market size analysis, By Type, 2020-2027
8.4.2.2 Market size analysis, By Material, 2020-2027
8.4.2.3 Market size analysis, By End Use, 2020-2027
8.4.3 UAE
8.4.3.1 Market size analysis, By Type, 2020-2027
8.4.3.2 Market size analysis, By Material, 2020-2027
8.4.3.3 Market size analysis, By End Use, 2020-2027
8.4.4 South Africa
8.4.4.1 Market size analysis, By Type, 2020-2027
8.4.4.2 Market size analysis, By Material, 2020-2027
8.4.4.3 Market size analysis, By End Use, 2020-2027
8.4.5 Rest of LAMEA
8.4.5.1 Market size analysis, By Type, 2020-2027
8.4.5.2 Market size analysis, By Material, 2020-2027
8.4.5.3 Market size analysis, By End Use, 2020-2027
8.4.6 Research Dive Exclusive Insights
8.4.6.1 Market attractiveness
8.4.6.2 Competition heatmap
9. Competitive Landscape
9.1 Top winning strategies, 2020-2027
9.1.1 By strategy
9.1.2 By year
9.2 Strategic overview
9.3 Market share analysis, 2020-2027
10. Company Profiles
10.1 Henkel AG & Company KGAA (Germany)
10.1.1 Overview
10.1.2 Business segments
10.1.3 Product portfolio
10.1.4 Financial performance
10.1.5 Recent developments
10.1.6 SWOT analysis
10.2 The Dow Chemical Company (US)
10.2.1 Overview
10.2.2 Business segments
10.2.3 Product portfolio
10.2.4 Financial performance
10.2.5 Recent developments
10.2.6 SWOT analysis
10.3 Avery Dennison Corporation (US)
10.3.1 Overview
10.3.2 Business segments
10.3.3 Product portfolio
10.3.4 Financial performance
10.3.5 Recent developments
10.3.6 SWOT analysis
10.4 H.B. Fuller (US)
10.4.1 Overview
10.4.2 Business segments
10.4.3 Product portfolio
10.4.4 Financial performance
10.4.5 Recent developments
10.4.6 SWOT analysis
10.5 3M Company (US)
10.5.1 Overview
10.5.2 Business segments
10.5.3 Product portfolio
10.5.4 Financial performance
10.5.5 Recent developments
10.5.6 SWOT analysis
10.6 Arkema Group (France)
10.6.1 Overview
10.6.2 Business segments
10.6.3 Product portfolio
10.6.4 Financial performance
10.6.5 Recent developments
10.6.6 SWOT analysis
10.7 Sika AG (Switzerland)
10.7.1 Overview
10.7.2 Business segments
10.7.3 Product portfolio
10.7.4 Financial performance
10.7.5 Recent developments
10.7.6 SWOT analysis
10.8 Scapa Group PLC (UK)
10.8.1 Overview
10.8.2 Business segments
10.8.3 Product portfolio
10.8.4 Financial performance
10.8.5 Recent developments
10.8.6 SWOT analysis
10.9 and Ashland Inc.
10.9.1 Overview
10.9.2 Business segments
10.9.3 Product portfolio
10.9.4 Financial performance
10.9.5 Recent developments
10.9.6 SWOT analysis
10.10 (US). Henkel AG & Company KGAA (Germany)
10.10.1 Overview
10.10.2 Business segments
10.10.3 Product portfolio
10.10.4 Financial performance
10.10.5 Recent developments
10.10.6 SWOT analysis
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