Global Pressure Sensitive Adhesives Market

Pressure Sensitive Adhesives Market Size, Share, Growth Analysis, By Technology(Water-based, Solvent-based), By Adhesive Chemistry(Acrylic, Rubber), By Product(Tapes, Labels), By End-User(Automotive, Electronics) - Industry Forecast 2024-2031

Report ID: SQMIG15E2347 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 123 | Figures: 77

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Pressure Sensitive Adhesives Market size was valued at USD 12.30 Billion in 2022 and is poised to grow from USD 12.83 Billion in 2023 to USD 17.97 Billion by 2031, at a CAGR of 4.30% during the forecast period (2024-2031).

The pressure sensitive adhesives (PSAs) market is highly competitive, with several key players vying for market share. Due to their high expertise, large product range, and ongoing strategic activities such as acquisition and new product releases, 3M Company, Avery Dennison, and Henkel are the market's leaders. These businesses are strongly integrated in their production operations. '3M Company', 'Avery Dennison Corporation', 'Henkel AG & Co. KGaA', 'H.B. Fuller Company', 'Arkema Group', 'Sika AG', 'Dow Chemical Company', 'Ashland Holdings Inc.', 'Jowat SE', 'RPM International Inc.', 'Mapei S.p.A.', 'Franklin International', 'Scapa Group plc', 'Bostik SA', 'LORD Corporation', 'Toyochem Co., Ltd.', 'Denka Company Limited', 'Mitsubishi Chemical Corporation', 'Lohmann GmbH & Co. KG', 'ITW Performance Polymers'

Increasing Demand for Sustainable Solutions: There is a growing trend of consumers and industries shifting towards sustainable products and practices. In the pressure sensitive adhesives market, there is a rising demand for eco-friendly and bio-based adhesive solutions that minimize environmental impact and reduce carbon footprint.

Asia Pacific dominated the market, accounting for 40% of total revenue in 2022. Asia Pacific is also expected to be the fastest-growing geographic market in terms of revenue throughout the forecast period. The rapidly expanding industrial sector and rising foreign investment in the region are likely to drive regional market expansion. With rising corporate and government expenditures on emerging technologies, creativity, new materials, and sustainability, UV/EB-based PSAs are expected to rise rapidly across North America.

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