Pressure Sensitive Adhesives Market Size to Cross $88 Billion Revenue by 2030

Pressure Sensitive Adhesives Market Snapshot

“The Global Pressure Sensitive Adhesives Market is expected to grow rapidly at a 5.5% CAGR consequently, it will grow from its existing size of from $60 Billion in 2023 to $88 Billion by 2030.”

What Is Pressure-Sensitive Adhesive?

In the beginning Pressure-sensitive adhesive is one type of adhesive. It is the kind of adhesive is used on the adhesive tape. Pressure-sensitive adhesives possess a specific formulation that blends viscosity (which is being sticky, thick and semi-fluid in consistency - like honey for instance, and elastic propertiessimilar to rubber for instance. They stick well to the surface (adhesion) they are robust and stiff in their own right (cohesion). To attain that the adhesive material must be made up of particular ingredients.

Natural rubber, for instance, can be used as a substitute because it is a particularly powerful adhesion due to the addition of resins. Adhesive tape with a natural rubber base is used in various situations, such as when we want to cover paint-stained surfaces work or seal the boxes.

If adhesive tape is required to stay for a long period of time and is able to withstand UV sun and high temperature, pressure-sensitive adhesives made from acrylicate are commonly employed. They are able to be adapted more precisely to meet the requirements of your specific needs since acrylate is made up of synthetic polymers which may be "tailored."

PSAs are created by emulsions or hot melts, solutions ultraviolets, or as 100% solids. In emulsions or solutions the components of the adhesive are suspended in liquid (emulsion) or dissolving in the solvent (solution) in order they can be coated with liquid prior to the solvent or liquid evaporates, leaving an uninvolved layer of pressure-sensitive adhesive. In hot melts and ultraviolets the adhesive is coated in liquid form (molten forms) before forming their final shape when it cools (hot melts) or cure by the ultraviolet radiation (ultraviolets).

Solids that are 100% pure often called "warm melts" and may react with radiation or be heated, then cooled to form their final shape. Emulsion and solvent-based adhesives are among the most commonly used kinds of PSAs and solvent adhesives have greater strength and a higher resistance to moisture, Emulsion adhesives are the most well-known kind of PSA made to create adhesives for packaging labels, labels and tapes.

Demand Outlook

Pressure-sensitive adhesives are self-adhesives that are not reactive when they are applied, pressurize the different substrates. Because of its viscosity, it draws and is able to hold onto wet surfaces once it comes in contact with them.

The ability of a pressure-sensitive adhesive to bond solely depends on its polar attraction the substrate's surface. The adhesive is able to be activated without the need of solvent, heat or water. Consumer electronics, packaging automotive, construction and industries use it extensively.

Due to the increasing demand for electronic devices as a response to their shrinking size, the market for pressure-sensitive adhesives is rapidly growing. The primary reason for the market's expansion is the rising demand for lighter vehicles which results in an increase in production of cars.

Furthermore, it is expected that the market is expected to experience expansion in the coming years because of the increasing use of abrasive adhesives with sensitive properties in labels and tapes and their wide acceptance because of their flexibility and adaptability.

The companies in the global market for pressure sensitive adhesives are expected to concentrate on the latest technological advancements in PSAs to get an advantage over others in this market. The industry can capitalize towards the development of eco-friendly adhesives in order to reduce environmental pollution, similar to bio-based PSAs which are known to have a lower carbon footprints since they are made from starch, soy or oil from vegetables and are utilized as an substitute for petroleum-based glues.

Furthermore, market players can benefit from the ever-growing and complicated demands of the packaging and healthcare industries to improve their portfolio of products. Pressure sensitive adhesives are also finding applications in other sectors like electronics, construction, automotive and so on. Bcause of their superior quality and thermal insulation properties. The fluctuation in prices of the raw materials that are used to create the adhesives will slow the growth of this market over the next few years. Therefore, businesses should put their money into data driven research and predictive analysis to counter the fluctuation in feedstock prices.

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Pressure Sensitive Adhesives Market Dynamics

Growth Drivers

"Growing Packaging Industry to Supplement PSA Market Growth"

The growing industry of packaging creates many potential to those in the PSA market. It is the act of making packaging for a consumer product. Packaging helps end-users distinguish their brands and helps consumers to distinguish their goods.

The increasing demand from consumers for packaged products because of changes in diets and lifestyles could have a significant impact on the market for packaging. In addition, because of their barrier-breaking properties, shelf life, and the safety of consumers, packaged goods will be more in demand when the number of people living in the area and income per capita increase.

Therefore, as a result of these circumstances, the industry of packaging is predicted to expand at a rapid increase rate, and the mushrooming packaging industry is paving the way for PSA market to grow during the forecast time.

“Convenience and High Bond Strength of Water-based Pressure Sensitive Adhesives to Drive Demand”

Pressure sensitive adhesives made of water are employed in various industries like packaging, electronics, electrical and telecommunications, medical and healthcare, as well as automotive. The booming need of adhesives that are pressure-sensitive labels, adhesives, labels, glue dots notes pads, car trims, and other products in the COVID-19 epidemic has generated new revenue streams for manufacturers. Additionally, water-based pressure sensitive adhesives are becoming popular in the construction industry around the world due to their ease of use as well as their bond strength and a shorter processing time. The increasing use of these adhesives for Food packaging is among the primary factors behind the increasing demand for pressure sensitive adhesives made of water.

Trends

“Rise in Use of Bio-based Pressure Sensitive Adhesives”

Environmental concerns are one of the major reasons behind the growing popularity of pressure sensitive bio-based adhesives. The public is aware of the impact of carbon footprints therefore, they tend to go for environmentally friendly and bio-based Pressure sensitive adhesives. The pressure sensitive adhesives extensively employed in a range kinds of automobile applications. They are used for assembly wire wrapping, foam and fiber bonding, fixing carpets to various interior surfaces such as brake shims, brake shims, and so on. Bio-based adhesives can be utilized in the production of PSAs. The advancement of bio-based PSAs that are pressure-sensitive is anticipated to increase market growth in the forecast time.

Restraints

"Government Strict Rules to Hamper Market Growth"

A category of chemicals known as volatile organic substances (VOCs) are capable of vaporizing and entering the air. In certain PSA substances, VOCs are present that are harmful to health since they can cause nose, irritation to the throat, eye, nausea, headaches, as well as losing coordination. They may also cause harm to kidneys, the central nervous system and the liver. There are many VOCs they are classified as inferred or proven to be carcinogens.

Therefore, in order to avoid damage on the layer of ozone as well as examine health risks posed by VOCs governments from both developed and developing countries have implemented guidelines and laws regarding the use of substances that contain or releasing VOCs. Based on the above-mentioned facts that PSA is a PSA market is predicted to be subject to some difficulties during the forecast.

Opportunities

Increase in Application of Pressure Sensitive Adhesives in Automobiles

With the rising demand for efficient and lightweight automobiles, manufacturers are utilizing pressure sensitive adhesives to cover various components of a car. In the auto sector pressure sensitive adhesives, such as hot and polymer-based adhesives are employed to make panel laminations and trimmings. The increasing awareness of high-efficiency and low-emissive vehicles creates huge opportunities for companies operating in the world market for pressure sensitive adhesives.

Pressure Sensitive Adhesives Market Segment Analysis

Why are Acrylic Pressure-Sensitive Adhesives Widely Preferred?

The growing demand for light and low emission materials in the automotive industry and the increased use of flexible packaging solutions that are low-cost is driving up the need for adhesives that are pressure sensitive.

Pressure-sensitive acrylic adhesives are polar in that they easily attach to substrates like metal, glass and polycarbonate. They can also be bonded to neoprene, and polyester among others. The improved adhesion properties are the reason why acrylic pressure-sensitive adhesives gain popularity.

Leathers made of pressure-sensitive adhesives and acrylic are predicted to grow at an annual rate of 5.6 percent over the forecast time.

Will Polypropylene-based Adhesives Gain Momentum?

Polypropylene tapes are commonly available in buff or clear colours, but are also available in a wide range of colors, with high-capacity rolls employed for case taper system. These elements are likely to propel the market for pressure-sensitive polypropylene adhesives.

The pressure-sensitive backing made of polypropylene has increased at a rate of 4.2 percent during the time period from 2018 to 2022 and is predicted to grow by a CAGR of 5.3 percent in the forecasted time.

Competitive Landscape of the Pressure Sensitive Adhesives Market

• Advance Tapes International Limited (U.K.)
• Nitto Denko Corporation (Japan)
• 3M (U.S.)
• Lintec Corporation (Japan)
• Arkema
• Tesa S.E. (Germany)
• Avery Dennison Corporation (U.S.)
• Intertape Polymer Group, Inc. (Canada)
• Ashland Inc. (U.S.)
• The DOW Chemical Company (U.S.)
• Henkel AG & Company KGaA (Germany)
• Fuller Company (U.S.)
• Sika AG (Switzerland)
• Collanos Adhesives AG (Switzerland)
• Jonson Tapes Limited (India)
• Reflex Labels Ltd. (U.K.)

Recent Developments in Pressure Sensitive Adhesives Market

November 8, 2023: EPS Launches Innovative Resin For Pressure-Sensitive Adhesives

On April 2023, Duraco Specialty Material, a leading manufacturer of specialty materials such as pressure sensitive tapes and labels, coated films, and release liners, announced the acquisition from private sellers of Strata-Tac, Inc., a leading manufacturer of custom engineered pressure sensitive self-adhesive products and top coated films. Duraco Specialty Material's commitment to providing technically sophisticated, bespoke solutions across emerging end markets is reinforced by the addition of Strata-Tac.

February 2023: Arkema launched pressure-sensitive adhesives solutions, including all of the predominant technologies in the industry, such as hot melt, waterborne, UV, and specialty solution acrylics.

In February 2022, Ashland has announced a novel water-based pressure sensitive adhesive (PSA) technology that is completely compliant in direct skin contact applications with the International Organization for Standardization (ISO) 10993. This portfolio includes seven extremely competitive Aroset and Flexcryl acrylic PSAs suited for high-performance applications. These seven PSA grades are now on the market and ready to meet the requirements of ISO 10993-regulated applications.

In February 2021, the polymers and coatings division of Toyo Ink Group in Japan named Toyochem Co., Ltd. has released its Oribain brand of acrylic adhesive solutions. This solution is a new pressure-sensitive adhesives line for special application in the healthcare sector.

In February 2020, Henkel Adhesives Technologies, opened its new production facility in Kurkumbh, India. This unit aims to serve the growing demand for high-performance solutions in adhesives, sealants, and surface- treatment products in Indian industries. Designed as a smart factory, the new plant will also help Industry 4.0 operations and will meet the highest standards for sustainability.

Pressure Sensitive Adhesives Market Regional Insights

What are the Factors Driving PSA Demand in the US?

The US market for pressure-sensitive adhesives has increased at a rate of 4.3 percent over the period between 2018-2022. It is expected to expand at a rate of 5.6 percent over the forecast period.

More than 1/4th of all pressure-sensitive adhesives are produced in the US in the US itself. Packaging that is low-flexible is the primary reason for the rapid growth of the market for pressure sensitive products across the US. The increasing use of bio-based pressure-sensitive adhesives is predicted to create significant development opportunities.

In addition, the field of packaging within the US has witnessed a shift during the last few years with both the manufacturing and industrial sectors adopting innovative packaging options that are flexible. Because of the above mentioned factors, pressure sensitive adhesives are predicted to bring huge opportunities for companies within the US.

What role does China play in expansion of the market for Pressure-Sensitive Adhesives?

China is among the markets that is most likely to be successful for pressure sensitive adhesives. China is home to more than 60.0 percent of all the demand across the East Asia region and is likely to remain dominant throughout the forecast time.

Asian countries like China, South Korea, Japan and India represent more than 80.0 percent of sales in the market for pressure-sensitive adhesive. China is the global leading supplier of adhesives like tapes and labels.

China will dominate the market over the coming years and expand at a CAGR of 6.01 percent and increase the number of sales.

Segments Covered in the Pressure Sensitive Adhesives Market

Pressure Sensitive Adhesives Market By Resin Type

• Acrylic-based
• Rubber-based
• Other

Pressure Sensitive Adhesives Market By Backing Material

• Polypropylene-based
• Paper-based
• Polyvinyl Chloride-based
• Other

Pressure Sensitive Adhesives Market By Application

• Tapes
• Labels
• Hygiene Adhesives
• Graphic Films
• Medical Adhesives
• Other Applications

Pressure Sensitive Adhesives Market By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

Frequently Asked Questions:

What is the global Pressure-Sensitive Adhesives Market Size?

Global Pressure Sensitive Adhesives Market is expected to grow rapidly at a 5.5% CAGR consequently, it will grow from its existing size of from $60 Billion in 2023 to $88 Billion by 2030.

Which Country Will Grow at the Highest CAGR in the Pressure-Sensitive Adhesives market?

China is anticipated to grow at the highest CAGR of 6.01% in the forecast period.

Who are the Major Players in the Pressure-Sensitive Adhesives Market?

3M Company, Tesa SE, Nitto Denko Corporation, BASF SE, Exxon Mobil Corporation are some of the leading companies in the pressure-sensitive adhesives market.

1. SUMMARY

1.1. Pressure Sensitive Adhesives Market Overview

1.2. Key Insights

1.3. Report Scope

1.4. Research Methodology

1.5. Frequently Asked Questions

1.6. Chapter Outlines

2. DECISION-MAKING SUMMARY
3. INTRODUCTION

3.1. Overview of Pressure Sensitive Adhesives

3.2. Key Historical Events

3.3. Structure

3.4. Biochemical Interaction

3.5. Target Indications

3.6. Advantages of Pressure Sensitive Adhesives

3.7 Challenges associated with Pressure Sensitive Adhesives

3.8. Future Perspectives.

4. MARKET LANDSCAPE

4.1. Methodology

4.2 Pressure Sensitive Adhesives: Developer Landscape

4.2.1. Analysis by Year of Establishment

4.2.2. Analysis by Company Size

4.2.3. Analysis by Location of Headquarters (Region-wise)

4.2.4. Analysis by Location of Headquarters (Country-wise)

4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)

4.2.6. Most Active Players

5. COMPANY

5.1. Company Overview

5.1.2 Management Team

5.1.3. Product Portfolio

5.1.4. Recent Developments and Future Outlook

6. PARTNERSHIPS AND COLLABORATIONS

6.1. Partnership Models

6.2. Pressure Sensitive Adhesives: Partnerships and Collaborations

6.2.1. Analysis by Year of Partnership

6.2.2. Analysis by Type of Partnership

6.2.3. Analysis by Year and Type of Partnership

6.2.4. Analysis by Type of Partner

6.2.5. Analysis by Year of Partnership and Type of Partner

6.2.6. Analysis by Type of Partnership and Type of Partner

6.2.7. Analysis by Type of Partner and Parent Company Size

7. ACADEMIC GRANTS ANALYSIS

7.1. Methodology and Key Parameters

7.2. Pressure Sensitive Adhesives: Academic Grants Analysis

7.2.1. Analysis by Year of Grant Award

7.2.2. Analysis by Amount Awarded

7.2.3. Analysis by Funding Institute Center

7.2.4. Analysis by Support Period

7.2.5. Analysis by Funding Institute Center and Support Period

7.2.6. Analysis by Type of Grant Application

7.2.7. Analysis by Purpose of Grant

8. PUBLICATION ANALYSIS

8.1. Analysis Methodology and Key Parameters

8.2. Pressure Sensitive Adhesives: Publication Analysis

8.2.1. Analysis by Year of Publication

8.2.2. Analysis by Type of Publication

8.2.3. Analysis by Type of Conjugate

8.2.4. Analysis by Target Indication

8.2.5. Analysis by Copyright Holder

8.2.6. Word Cloud: Emerging Focus Area

8.2.7. Most Active Publishers: Analysis by Number of Publications

9. SUCCESS PROTOCOL ANALYSIS

9.1. Methodology and Key Parameters

9.2. Key Assumptions and Scoring Criteria

9.3. Success Protocol Analysis

9.4. Assessment of Approved Pressure Sensitive Adhesives

10. Appendix 1: Tabulated Data
11. Appendix 2: List of Companies
12. Advance Tapes International Limited (U.K.)
13. Nitto Denko Corporation (Japan)
14. 3M (U.S.)
15. Lintec Corporation (Japan)
16. Arkema
17. Tesa S.E. (Germany)
18. Avery Dennison Corporation (U.S.)
19. Intertape Polymer Group, Inc. (Canada)
20. Ashland Inc. (U.S.)
21. The DOW Chemical Company (U.S.)
22. Henkel AG & Company KGaA (Germany)
23. Fuller Company (U.S.)
24. Sika AG (Switzerland)
25. Collanos Adhesives AG (Switzerland)
26. Jonson Tapes Limited (India)
27. Reflex Labels Ltd. (U.K.)

Research Methodology