Pressure Sensitive Adhesives Market Current Scenario and Future Growth Analysis

Posted by rohit on March 26th, 2021

Market Overview

Pressure sensitive adhesives (PSAs) are adhesives that bond dissimilar materials on application of pressure. These adhesives are dry adhesive, as they do not require heat, water, or solvents to initiate bonding. Pressure sensitive adhesives are used to affix a wide range of materials, including plastics, wood, paper, metals, and glass. These are thick at room temperature, they are simple to install, have short curing times, and exhibit peel resistant and shear resistant properties. Thus, these adhesives are widely used for their beneficial properties over other adhesives. PSAs are also cost-effective as compared to other adhesives, welding and brazing. The demand for these adhesives is thus increasing, resulting in growth of the global pressure sensitive adhesives market.

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Market Dynamics

Major factors driving growth of the PSA market include its extensive application in tapes and labelling, which is primarily due to ease of application and high adaptability. Major challenge faced by this market includes low availability of raw materials and rising cost of these adhesives. Moreover, environmental concerns about VOC content of these adhesives is expected to hamper market growth, in turn, increasing inclination towards bio-based adhesives.

Pressure Sensitive Adhesives Market Taxonomy

On basis of type of resin

• Rubber-based

  • Natural

    Synthetic

• Acrylic

  • Water-based

    Solvent-based

• Silicone

  EVA

  Others (Polyurethanes, Hybrid, and Others)

On basis of application

• Tapes

  • Coating

    • Single Coated

      Double Coated

      Reinforced

      Others

Major players operating in the pressure sensitive adhesives (PSA) market include The Dow Chemical Company, ExxonMobil Chemicals, Arizona Chemicals, BASF SE, Scapa Group Plc, Avery Dennison, Arkema, and Henkel Ag & Co.

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