Pressure sensitive adhesives market growth to be impelled by rising demand for packaging
Date: 2018-07-04   Author: Sunil Hebbalkar  Category: #market

Pressure sensitive adhesives market growth to be impelled by rising demand for packaging

The expansive growth of the medical, personal care, and F&B sectors has raised the demand for effective packaging solutions that will reportedly drive pressure sensitive adhesives industry trends over 2017-2024. As the preference toward sustainable packaging owing to strict environmental regulations increases, pressure sensitive adhesives market share is expected to witness a major incline in the years to come.

Five trends prevalent in pressure sensitive adhesives market:

  • As per reliable sources, in 2016, water-based technology accounted for 35% of pressure sensitive adhesives industry share, driven by the surging use of this technology for advertising and label applications due to affordability factor.
  • Pressure sensitive adhesives market size from labels will register a CAGR of more than 6% over 2017-2024. The extensive use of labels across various end-use sectors such as packaging, healthcare, RAC, and food & beverages will have considerable influence on the industry growth, cite reports.
  • Electronics and laminates will register the highest CAGR in pressure sensitive adhesives market over 2017-2024. As per estimates, pressure sensitive adhesives from electronics and laminates will be worth USD 3.3 billion by 2024.
  • Tapes apparently cover a major business share of 35% in pressure sensitive adhesives industry. Estimates claim that pressure sensitive adhesives market size from tape applications will register a CAGR of more than 5.5% over 2017-2024, powered by the advantages of PSA based taps such as better aesthetics, improved performance, and lesser weight.
  • Asia Pacific accounted for USD 2.5 billion in PSA market in 2016. The extensive product demand from the medical, electronics, F&B, and packaging sectors will help impel the regional growth over 2017-2024.

The competitive spectrum of pressure adhesives market seems to be quite diverse, inclusive of companies such as 3M, BASF, Momentive, H B Fuller, Ashland Inc., Dow Corning, Avery Dennison, Bostic, Arkema, Evonik, Sika AG, Wacker Chemie, Henkel, and Mapei.



About Author


Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Foll...

Read More

More from Sunil


Post Recommendents

Soundproof curtains market till 2024 Forecast Research Report
Author: Rahul Varpe

Soundproof curtains market will generate revenue of over USD 2.5 billion by the end of 2024.Soundproof curtains market has been registering a commendable growth rate in the last few years, owing to the product&rsq...


Hydraulic Hoist Market 2018-2024; Trends, Growth Report
Author: Rahul Varpe

Global hydraulic hoist market has established itself as one of the lucrative business spheres of HVAC & construction industry. Hydraulic hoist market, back in 2017, accumulated a significant remuneration of ov...


Metal Waste and Recycling Market to Witness Growth Acceleration During 2018-2023
Author: Partha Ray

Metal Waste and Recycling Market size 2018-2023 report, launched by Market Study Report, unveils the current & future growth trends of this business sphere in addition to outlining details regarding the myriad geographies that form a part of the ...