Pressure Sensitive Adhesives Market worth 16m

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TrendingReports 5/24/2023 9:30:46 AM

Pressure
Sensitive Adhesives Market worth $16.9 billion by 2027


The report "Pressure
Sensitive Adhesives Market

by Chemistry (Acrylic, Rubber, Silicone), Technology (Water-based, Solvent-based,
Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging,
Automotive, Healthcare) Region - Global Forecast to 2027
", is projected to grow from USD 13.2 billion
in 2022 to USD 16.9 billion by 2027, at a CAGR of 5.1% between 2022 and 2027.
The market is witnessing healthy growth, and the trend is expected to continue
in the long term. The market for PSAs is mainly driven by the growing
packaging, automotive & transportation, medical & healthcare, and
electrical, electronics, and telecommunication industries. The industry
scenario hints at making huge investments by major market players to serve the
increasing demand from emerging countries.

 

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Browse in-depth TOC on "Pressure Sensitive Adhesives
Market"

267 - Tables

53 - Figures

264 – Pages

 

Tapes is the largest application segment of the overall
pressure sensitive adhesives market.

The tapes segment accounts for the largest share, in
terms of value, of the overall pressure sensitive adhesives market. PSA tapes
are of various types based on the technological developments and requirements
of the application, namely, single-coated, double-coated, reinforced, and
unsupported. Single-coated PSA tapes have adhesives applied to only one side of
the backing.

Double-coated PSA tapes have adhesive applied to both
sides of the backing. The PSA is coated on both sides of the carrier, which is
typically a polymeric film such as 0.5 mil polyester. Examples of double-coated
tapes include mounting, medical, and membrane switch tapes.

 

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Medical & Healthcare is the fastest-growing end-use
industry segment of the overall pressure sensitive adhesives market.

PSAs have prime importance in the medical & healthcare
industry and are extensively used in hospitals. These medical products include
PSA transfer tapes and single-coated & double-coated PSA tapes. Adhesive
transfer tapes and double-coated tapes are mostly used in medical device OEMs
to adhere to medical devices, strips, and pouches. These products are
associated with medical diagnosis and waste management. Single-coated PSAs are
used as bandages, medical tapes, wound closure tapes, surgical tapes, and skin
attachments for electrodes, IV dressings, and medical sensors.

Labels serve in inventory management, waste management,
and find their use in the labeling of medical products where clarity and
permanent adhesion are needed. In the healthcare equipment industry, specialty
tapes are applied on surgical containers, monitoring electrodes, and other
medical devices. Medical tapes and adhesive plasters are a few of the PSAs used
in the medical industry.

 

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China is the largest pressure sensitive adhesives market
in Asia Pacific during the forecast period.

China is the largest market for PSAs in the Asia Pacific,
with many key market players investing in the country to build new
manufacturing facilities and distribution networks. The major industries in
China are manufacturing, electronics, and telecommunication services. China
exports manufacturing goods.

The spectrum of Chinese goods includes iron, steel,
aluminum, textiles, cement, chemicals, toys, electronics, rail cars, ships,
aircraft, and others. The other important industries include textiles, cement,
railway, petroleum, aerospace, automotive, chemicals, mining, and consumer and
industrial goods. The factors driving the Chinese economy are the upper-middle
class population and the booming service sector. The industrial environment in
China is favorable for the growth of the PSA market.

The key players profiled in the pressure sensitive
adhesives market report are Henkel AG & Co. KGaA (Germany), The Dow
Chemical Company (US), Avery Dennison Corporation (US), H.B. Fuller Company
(US), and 3M (US).

 

For More Insights on Pressure Sensitive Additives
Market-
https://www.prnewswire.com/news-releases/pressure-sensitive-adhesives-market-worth-16-9-billion-by-2027---exclusive-report-by-marketsandmarkets-301675499.html

 

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