Global Pressure Sensitive Adhesives Market 2017 Will Grow at CAGR of 5.6% by 2026 by elizabethmock1248 · October 8 Yan Gomes Jersey , 2018
A key determinant for driving demand for pressure sensitive adhesives is growing requirement for weight reduction in products that offer high bonding solutions. A prevailing trend in the pressure sensitive adhesives market is use of lightweight and cost-effective engineering plastics across diverse end-use industries including electronics, construction and automotive.
Pressure sensitive adhesive market has been touted to observe significant growth in account of robust demand from packaging and labelling industries. Growing adoption of RFID labels on the back of their role in making improvements in inventory management has been anticipated to impact demand for pressure sensitive labels positively. This is mainly because RFID labels are wireless non-contact tags that seek widespread application in a variety of end-use industries including medical, packaging, architecture and automotive. Mounting pressure from regulatory authorities regarding enhanced mileage performance and emission reduction in vehicles has proliferated adoption of pressure sensitive adhesives in automotive applications. With growing capability of the pressure sensitive adhesives in labelling and automotive applications, factors such as stringent energy efficiency laws, growing health concerns Brian Dozier Jersey , and increasing environmental concerns about GHG emissions will influence the market expansion.
According to , a steady 5.6% CAGR will be exhibited by the global聽pressure sensitive adhesives market聽between the years 2017 and 2026, in terms of value. More than 64,000 Mn sq. m of pressure sensitive adhesives are pegged to be sold across the globe by 2026-end.
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APEJ to Ride on Highest CAGR in Global Pressure Sensitive Adhesives Market through 2026: In terms of value, Asia-Pacific excluding Japan (APEJ) will ride on the highest CAGR in the global pressure sensitive adhesives market through 2026. This growth is mainly attributed to robust demand for pressure sensitive adhesives in numerous end-use industries such as leather, automotive Trea Turner Jersey , furniture, packaging, and construction in APEJ. Manufacturers in countries such as China and India in the region are making huge investments in technical research and development for extending their market reach globally. In addition, surging government assistance in these developments will further augment growth of the market in APEJ.
North America and Europe are also expected to remain lucrative regions for growth of the pressure sensitive adhesives market, mainly driven by stringent regulations apropos to VOC emission, coupled with the fuel efficiency norms. The regulatory agencies such as REACH and the U.S. EPA have implemented strict rules for the chemical industries to comply in order to improve sustainability Anthony Rendon Jersey , thereby creating demand for pressure sensitive adhesives that comply with these norms.
Pressure sensitive adhesive tapes find extensive utilization in the automotive, construction & building, and medical industries. These tapes are used mostly for HVAC pipe mounting & wrapping, splicing, casketing, sealing Wholesale Washington Nationals Jerseys , and masking purposes. Tapes are expected to prevail as the dominant application of pressure sensitive adhesives, in terms of value. Labels will also endure as a lucrative application of pressure sensitive adhesives, as they seek widespread application in security, transportation, health & beauty, and food & beverage industries.
Key Research Findings from Fact.M鈥檚 Report: Polypropylene will remain preferred backing material for pressure sensitive adhesives Wholesale Nationals Jerseys , Acrylic is anticipated to be the most lucrative resin type in the market, with sales poised to account for revenues over US$ 40,000 Mn by 2026-end.
鈥檚 report has listed key participants actively contributing to the market growth, which include 3M Company, Tesa聽SE, Nitto Denko聽Corporation Cheap Washington Nationals Jerseys , LINTEC聽Corporation, BASF SE, Lohmann GmbH & Co. KG, Exxon Mobil Corporation, and Scapa Group PLC.
Report Analysis at聽 >BBJ | Business Jets Growth Opportunities in Global Industry
Business Jets Market is projected to .4 billion by 2030 The business jets market is projected to grow from an estimated USD 24.7 billion in 2019 to USD 36.4 billion by 2030, at a CAGR of 3.6% during the forecast period. An increasing number of high net worth personnel and the introduction of new aircraft programs are expected to drive the growth of the market.
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light aircraft segment is projected to grow at the highest CAGR during the forecast period
Typically, light, mid-sized Nationals Kevin Long Jersey , large, and airliner are the four types of business jets available. The light segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the anticipated commercialization of air taxis, which will be used as business jets for inter and intracity travel.
The OEM segment accounts for the largest market size during the forecast period.
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