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Pressure Sensitive Adhesives Market: By Technology, By Resin, By Application, By End User and Geography
Pressure Sensitive Adhesives Market: By Technology, By Resin, By Application, By End User and Geography
Pressure Sensitive Adhesives Market size was valued at US$ 10,527.1 million in 2023, and is poised to grow at a CAGR of 6.3% from 2024 to 2030. The global market provides a detailed overview and that can be segmented by technology, by resin, by application, and by end user. By technology, the global pressure sensitive adhesives market has been segmented into Hot Melt, Radiation, Solvent-based, Water-based and Others. The Hot Melt segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the forecasted years. Based on resin, the global pressure sensitive adhesives market is segmented into Silicones, Elastomers, Acrylics and Other Resins. Among these, the acrylics segment is expected to have the fastest-growing market during the forecast period 2022-2028. Acrylic based pressure sensitive adhesives are low cost, great performance and versatile. Hence, this segment is growing at a faster rate due to various applications. Based on application, the global pressure sensitive adhesives market is segmented into Graphics, Labels, Tapes and Other Applications. The Tapes segment accounts for the largest share in 2021. It is attributed to its various applications such as masking tape, electrical tape, etc. Based on end user, the global pressure sensitive adhesives market is segmented into Commercial Graphics, Electronics, Medical, Packaging, Transportation, Woodworking and Joinery and Other End-user Industries. The Commercial Graphics segment accounts for the largest share in 2021 and is anticipated to register a significant CAGR in the upcoming years. Packaging sector in commercial segment is growing at a faster rate due to various benefits, less retention time, and increasing productivity.
Pressure Sensitive Adhesives Market Key Developments:
In Sept 2022, EasiLiner launched Essentra Tapesa product portfolio to support e-commerce packaging producers. In Sept 2022, Toyo-Morton launched solvent-free laminating adhesive range.
Study Period
2024-2030Base Year
2023CAGR
6.3%Largest Market
Asia-PacificFastest Growing Market
North America
Growing demand for pressure sensitives additives is anticipated to propel the market growth over the forecast years due to its versatile nature, low cost, and offer enhanced performance.
By region, the Asia Pacific region is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global pressure sensitive adhesives.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 10,527.1 million |
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Market CAGR |
6.3% |
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By Technology |
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By Resin |
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By Application |
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By End-User |
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The pressure-sensitive adhesives market is projected to expand at a CAGR of 6.1% during the forecast period.
3M, Advance Tapes International Limited, Ashland Inc, Avery Dennison Corporation, Collano Adhesives AG, B. Fuller Company, Henkel AG & Company KGaA
Asia-Pacific is the fastest-growing region for pressure sensitive adhesives market
Growing packaging industry, various applications, and unique properties of pressure sensitive adhesives are the major drivers in the global market. However, substitute products may hamper the global market growth.
Table of Content
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.