Global Pressure Sensitive Adhesives Market is segmented By Type (Solvent-Based, Water-Based, Radiation, Hot Melt), By Resin (Silicones, Acrylics, Elastomers, Others), By Application (Tapes, Labels, Graphics, Others), By End-User (Packaging, Automotive & Transportation, Medical & Healthcare, Electronics & Laminates, Building & Construction, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Pressure Sensitive Adhesives Market Overview
Report analyses the Global Pressure Sensitive Adhesives Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Packaging, Automotive & Transportation, Electronics & Laminates, Building & Construction, Medical & Healthcare in Asia Pacific is rising. Competitive rivalry intensifies with Ashland Inc, HB Fuller Co, Pidilite Industries Ltd and others operating in the market.
When pressure is applied, pressure-sensitive adhesives, often known as self-stick adhesives, bond two similar or dissimilar surfaces together by surface contact. These adhesives do not require heat, solvent, or water activation to provide holding force to various materials. They can be removed or left in place and matched to a wide range of substrates. PSAs are unique as they do not harden and instead remain fluid. As a result, they are permanently tacky and can dampen surfaces when they contact them. Wide popularity due to their versatility, expanding use in tapes and labels, and significant demand in APAC are all driving the market growth.
Pressure-sensitive adhesives (PSAs) are simple to use and can solve adhesion problems on a wide range of substrates and coatings in the packaging sector. Due to product proliferation and increased competitiveness, packaging needs are getting increasingly complex, particularly in the food and beverage industry. PSAs provide the flexibility to meet these complex standards; therefore, this will open up new opportunities for the market. PSAs are also employed in other industries, such as the automotive industry, where they are used in supply chain safety and warning labels and component identification labels.
Pressure Sensitive Adhesives Market Scope
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Metrics |
Details |
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Market CAGR |
5.5% |
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Segments Covered |
By Type, By Resin, By Application, By End-User, And By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Pressure Sensitive Adhesives Market Dynamics
The high demand for pressure-sensitive tapes and labels from the packaging industry is expected to boost the market. Pressure-sensitive adhesives (PSAs) are simple to use and can solve adhesion problems on a wide range of substrates and coatings in the packaging sector. Due to product proliferation and increased competitiveness, packaging needs are getting increasingly complex, particularly in the food and beverage industry. PSAs provide the flexibility to meet these complex standards; therefore, this will open up new opportunities for the market.
The enhanced characteristics of pressure-sensitive adhesives in packaging drive the market.
Pressure-sensitive adhesives are suitable for label applications because they are versatile, low-cost, and have improved performance. Acrylic PSAs are polar by nature and adhere well to polar materials or substrates like metals, glass, polyesters, polycarbonates, and neoprene. Flexible packaging is the most cost-effective way to package, distribute, and preserve food, pharmaceuticals, drinks, and other products with a long shelf life.
Due to increased demand from end-users, the flexible packaging business has seen tremendous expansion over the last decade. As a result, pressure-sensitive adhesives are becoming a popular tool among package engineers, as they help maintain the packing in place until it reaches its destination. These factors combine to increase demand for pressure-sensitive adhesives, resulting in global market growth.
Extensive demand in the automotive & transportation sector to boost the market growth.
PSA tapes are utilized on the vehicle's body, under the hood, and exterior and interior trim. Assembly, fixing carpets to various vehicle interior substrates, brake shims, cable wrapping, foam & fiber bonding, fixing gaskets in various configurations, and other uses for pressure-sensitive adhesives can be found in the automobile sector. In the coming years, increasing the use of tapes and labels in lightweight vehicle construction and lowering fuel consumption will boost product demand.
Fluctuation in the cost of raw materials hinders the market growth
The market for pressure-sensitive adhesives is being stifled by the rising cost of the raw materials needed to manufacture them. In addition, a shortage of a crucial raw material used in the production of water-based and other adhesives is a big issue in the adhesives sector.
COVID-19 Impact Analysis on Pressure Sensitive Adhesives Market
The COVID-19 epidemic harmed the market for pressure-sensitive adhesives. Automotive, electronics, building & construction, consumer products, and other industries use pressure-sensitive adhesives extensively. However, the demand for PSAs from the automotive sector has decreased due to the detrimental impact on the industry.
Large-scale manufacturers in the automobile industry have been impacted by factors such as disruption in value chain analyses. For example, a significant exporter of automobile parts from China has been harmed due to global travel restrictions and the temporary shutdown of manufacturing hubs, which have shifted car manufacturers around Europe. Furthermore, auto assembly plants across the United States have been closed due to the potential of infection among workers, putting a strain on the already strained supply of automobiles.
Other applications for hot melt pressure-sensitive adhesives include construction and roofing tapes. Furthermore, joining two wood components with pressure-sensitive adhesive tapes provides benefits such as improved combined ductility and seal protection from water imposition damage, which is commonly produced by storms. The building sector plays a major role in a country's economic development. However, other electronic industry sectors, such as industrial semiconductors used in the medical sector, have increased demand for their products.
Pressure Sensitive Adhesives Market Segmentation
The pressure-sensitive adhesives market is segmented into packaging, woodworking & joinery, medical, commercial graphics, transportation, electronics, and others by end-user type.
Packaging to hold the lion's share in the segment's total sales.
Flexible and rigid packaging are the two forms of packaging available. PSAs are utilized depending on the application's suitability. These adhesives are utilized in various applications, including electronics and electrical device packaging, hygiene and medical packaging, medicine delivery packaging, construction sector transit packaging, automotive-related logistics packaging, and consumer and industrial goods packaging. Packaging tapes are used to transport goods, cartons, warehousing, and logistics industries.
PSAs are used in packaging to improve customer appeal through images. In recent years, the packaging business has been transformed, with the manufacturing and industrial sectors adapting to flexible packaging. Packaging has been popular due to advantages such as lightweight, easier handling, less space consumption, longer shelf life, easy transit, damage resistance, and greater printability.
Global Pressure Sensitive Adhesives Market Geographical Share
Asia-Pacific holds the largest market share global pressure-sensitive adhesives market.
In the global PSA market, APAC is the largest and fastest-growing market. China, India, Japan, and South Korea play a significant role in the PSA market in this region. China, the largest market for PSAs in APAC in 2019, will likely drive global growth. Asia-Pacific contains a wide range of economies, each with a different level of development and a diversified spectrum of sectors.
China is a major supplier of adhesive products (tapes, labels, etc.). Most of its clients are concerned about the product's quality, the vendor's product selection, and lowering adhesive dosage and waste. As a result, global players now have a monopoly on the Chinese market for pressure-sensitive adhesives. The same reason pushes local producers to invest in research and development to gain a significant share of the national market.
Pressure-sensitive adhesives are predicted to rise faster in India. Their use has increased with the introduction of transparent and filmic labels, shrink-wrap labels for fast-moving consumer goods (FMCG) producers, and flexible multicolor wrap-around labels.
Manufacturing, mining, semiconductors, electronics, oil & natural gas, textiles, autos, financial services, pharmaceuticals, and telephony are important sectors in this region. Due to the growing requirements of the population, the packaging and FMCG industries are expanding at a rapid pace. The PSA market in this region is constantly being boosted by the automotive, electronics, and packaging sectors.
Pressure Sensitive Adhesives Market Companies and Competitive Landscape
The top industry participants use merger and acquisition strategies to preserve their competitive advantage in the market. The globally pressure-sensitive adhesives market is highly consolidated.
Key players operating in the global market for pressure-sensitive adhesives include The 3M Company, Arkema Group, Ashland Inc., DuPont, Mapei SPA, Huntsman Corporation, Master Bond, C.L. Smith, SIKA AG, and Pidilite Industries Ltd.
Arkema Group
Overview: Arkema creates materials to meet the ever-increasing demand for innovative and sustainable materials, fueled by the challenges of new fuels, new technologies, resource depletion, mobility, and urbanization. The Group is divided into three segments: Specialty Materials (Adhesive Solutions, Advanced Materials, and Coating Solutions), which account for 82 percent of total sales, and Intermediates, which leverage competitive and global product lines. Arkema operates in roughly 55 countries, fueled by the aggregate energy of its 20,600 people.
Product Portfolio: Arkema manufactures a wide range of adhesives, including pressure-sensitive and self-adhesives, mortars, sealants, and coatings, all of which meet stringent technical and environmental requirements. The high-tech solutions are great efficiency, user safety, robustness (including increased impact resistance), and sealing and insulating properties.
Key Development
Arkema Group agreed to buy Ashland's Performance Adhesives business in 2021, making it a first-class leader in high-performance adhesives for industrial applications in the US with a distinctive and creative product portfolio. Its project complements the Group's goal of becoming a pure Specialty Materials player by 2024.
