The report 鈥淧ressure Sensitive Adhesives Market by Chemistry (Acrylic Sebastian Aho Finland Jersey , Rubber, EVA), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics) Sami Vatanen Finland Jersey , End-Use Industry (Packaging, Automotive, Medical), Region鈥娾€斺€奊lobal Forecast to 2026鈥? The pressure sensitive adhesives (PSA) market was valued at USD 7.87 Billion in 2015, and is projected to reach USD 15.76 Billion by 2026, at a CAGR of 6.6% between 2016 and 2026.
Download Free PDF brochure:- Browse 204 market data tables and 63 figures spread through 218 pages and in-depth TOC on 鈥淧ressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, EVA) Rasmus Ristolainen Finland Jersey , Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive Ville Pokka Finland Jersey , Medical), Region鈥娾€斺€奊lobal Forecast to 2026鈥?br > > Early buyers will receive 10% customization on reports.
Acrylic is the largest chemistry segment of the PSA market
Based on chemistry, acrylic is the largest segment of the PSA market, owing to its extensive usage in two major applications, namely, labels and tapes. It is widely used in the automotive & transportation and medical & healthcare end-use industries. It is highly preferred due to its resistance to aging, moderate cost, and excellent physical properties such as peel adhesion Olli Maatta Finland Jersey , high cohesion, UV resistance, chemical & humidity resistance, high cutability, and thermal stability.
Water-based is the largest technology segment of the PSA market
Water-based technology is the largest segment in the PSA market; this growth is mainly attributed to the eco-friendly nature of water-based PSAs, safety associated with their use, and cost-effectiveness. Water-based PSAs are widely used in varied applications such as tapes, labels Esa Lindell Finland Jersey , and graphics.
Labels is the largest application segment of the PSA market
The labels segment is estimated to account for the largest market share, in terms of value as well as volume, followed by tapes and graphics, in 2016. Labels are widely used in varied end-use industries such as medical & healthcare, packaging, and electronics, electrical & telecommunication, among others. They are also utilized in sectors such as consumer goods Sami Lepisto Finland Jersey , HVAC (heating, ventilation, and air conditioning), and food & beverage.
Packaging end-use industry is estimated to account for the largest market share
PSAs are used in varied end-use industries such as packaging; electronics, electrical & telecommunication; medical & healthcare; and building & construction; among others. The packaging end-use industry is estimated to account for the largest market share, in terms of volume, in 2016. The electronics, electrical & telecommunication end-use industry is estimated to grow at the highest CAGR between 2016 and 2026 Jyrki Jokipakka Finland Jersey , in terms of value. Increasing per capita income and improving living standards are driving the demand for electronic products, which further propels the growth of the PSA market.
Asia-Pacific is projected to lead the PSA market during the forecast period
The Asia-Pacific region is the largest regional segment of the PSA market, owing to rise in industrial and infrastructural developments. Asia-Pacific has emerged as the leading consumer as well as producer of PSAs, due to the increasing demand for pressure sensitive adhesives from India, South Korea, China, and Indonesia, among others.
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