Pressure Sensitive Adhesives Market share by applications and regions for 2017- 2024

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Pressure Sensitive Adhesives Market to Cross
11bn by 2024
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• Global Market Scenario of Packaging Industry

• Pressure Sensitive Adhesives Market to surpass
  USD 11 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Pressure sensitive adhesives market will witness
  growth owing to is increasing usage in the
  automotive and transportation industry. PSAs have
  been increasingly used in vehicles as an
  alternative to bolts, clips, and rivets. This is
  done to improve the speed and ease of assembly of
  the vehicle by liquid adhesive use.
• PSA tapes are employed to reduce weight, advance
  the performance, improve aesthetics, and save
  time money. These factors are will fuel the
  pressure sensitive adhesives market in the
  forecast timespan.
• Increasing raw material prices for natural and
  synthetic rubber, acrylate monomers, organic and
  inorganic chemicals used in the production of PSA
  tapes may be considered as a restraint for the
  pressure sensitive adhesives market

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• Pricing and availability of these raw materials
  are the prominent factors upon which the product
  cost structure is decided. Most of the aforesaid
  raw materials are petroleum derivatives, and
  susceptible to fluctuations in oil prices. These
  factors may act as barriers in the pressure
  sensitive adhesives market growth.
• Pressure sensitive adhesives market is classified
  based on technology as water-based,
  solvent-based, hot-melt, and UV-cured.
  Considering volume, water-based segment held a
  maximum share in the product market and is said
  to grow at a significant CAGR to surpass USD 4
  billion by the end of 2024. Solvent-based segment
  will grow at a highest CAGR of over 5.5 in the
  upcoming years.

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• 360 Industry Analysis

• Considering products, the pressure sensitive
  adhesives market is bifurcated into silicone,
  acrylic, rubber-based, and others, which include
  polyurethanes, EVA, etc. Silicone pressure
  sensitive adhesive market will grow at a
  lucrative rate owing to the products increasing
  use in medical applications and personal
  garments. The acrylic segment is said to showcase
  moderate growth and surpass USD 2.5 billion by
  2024.
• Considering application, pressure sensitive
  adhesives market is segmented into films
  laminates, graphics, labels, tapes, and others.
  The others segment consists of dental adhesives,
  automotive trims, etc. Development in food
  beverage industry, and increasing packed food
  consumption will positively influence the labels
  segment in the pressure sensitive adhesives
  market. It is the fastest growing segment and
  will exhibit growth with CAGR of over 6 in the
  forecast spell.

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• Regional Analysis

• Pressure sensitive adhesives market is classified
  on the basis of region where Asia Pacific held a
  significant share in 2016 and will surpass USD
  4.5 billion by the end of the forecast period. In
  terms of volume the region will hold the highest
  share by 2024 owing to rising industrial
  activities and development in the packaging,
  electronics, and food beverages industry.
• Europe market will showcase growth at a sluggish
  rate in the forecast period due to the developed
  market in this region paired with the stringent
  governmental norms.

• Competitive Analysis

• Key players present in the pressure sensitive
  adhesives market are Dow Corning, Sika, 3M,
  Henkel, Arkema, H B Fuller, Avery Dennison, BASF,
  Bostic, Ashland, Mapei, Evonik, LG Chem, Wacker
  Chemie, Momentive and others.

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Latest Research Report On Pressure Sensitive
Adhesives Market _at_ https//www.gminsights.com/ind
ustry-analysis/pressure-sensitive-adhesives-market
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