Pressure Sensitive Adhesives Market to reach $9.5bn by 2024

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Global Pressure Sensitive Adhesives Market to
reach 9.5bn by 2024 Global Market Insights Inc.
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Industry Overview

• Pressure Sensitive Adhesives Market to surpass
  USD 9.5 billion by 2024 driven by increasing use
  of tapes and labels in automotive
  transportation sector. Pressure sensitive
  adhesives market is most likely to witness growth
  during the study period due to the developments
  in the PSA tape technologies. The innovations in
  the tape technologies have enabled the
  manufacturers to offer notable performance and
  assembly-related features, including the capacity
  to resist high temperatures, severe environments
  to bond firmly with different substrates and
  materials. They also provide an economical option
  for the firms to cut down the total cost involved
  in assembly and reduces time-consuming activities
  and requirement of cumbersome equipment. PSA is
  also highly being used in the automotive sector
  owing to their ability to exhibit excellent high
  temperature characteristics and robust resistance
  to harsh substances and materials.
• Pressure sensitive adhesives are superior
  products with multi-purpose applications which
  makes it more expensive. This product also has a
  negative impact on the production efficiency of
  paper recycling process as certain PSA materials
  are difficult to remove during the recycling
  process. They deposit on equipment and are
  retained in the product which hampers the
  operations. These issues could have a
  considerable effect on the pressure sensitive
  adhesives market and could limit the industry
  growth during the study period.

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• Hot-melt PSA portray environment friendly and
  fast setting features. These are 100 solid
  adhesives which are applied in molten state in
  room temperature to achieve flow and wetting.
  This technology is widely used in industries
  including textile lamination, book-binding,
  construction, woodworking, automotive,
  electronics, shoemaking, product assembly,
  packaging, hygiene etc. This technology section
  of the pressure sensitive adhesives market is
  likely to propel at a compound annual growth rate
  approximately 5.4 in the study period.
• Silicone is an important product type of the
  pressure sensitive adhesives market which can
  withstand extreme temperatures and has chemical
  resistance. This relatively expensive product is
  frequently applied to products like glass cloth
  and aluminum foils so that they are appropriate
  for extreme temperature applications.
• Graphics is an important application section of
  the pressure sensitive adhesives industry which
  is expected to develop at a rate of approximately
  4.5 during the study period. Graphics consists
  of signage, vehicle wraps, logos emblems,
  carpets mats, floors etc.

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U.S. Pressure Sensitive Adhesives Market Size, By
Application, 2013 2024 (USD Million)

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Industry Coverage

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• Food beverage industry is a significant
  end-user section of the market which is expected
  to propel at a compound annual growth rate of
  approximately 5 in the study period. The reason
  behind the prominence of PSA in food beverage
  sector is that certain has adhesives have gained
  FDA approval to be used as food contact
  applications like labels and tapes on the food
  items.
• North America pressure sensitive adhesives market
  value is likely to cross USD 2 billion by 2024.
  Availability of numerous products and technology
  types of the market for various industries makes
  it a more reliable choice in the region.
• Some of the key product manufacturing companies
  of the market include Bostik, Dow Dupont, Evonik
  Industries, Avery Dennison, Henkel, Arkema, Sika,
  HB Fuller etc. Large number of small and medium
  scale local manufacturers are also part of the
  market.

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