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Pressure Sensitive Adhesives Market Analysis
- Report ID: GMI2385
- Published Date: Mar 2023
- Report Format: PDF
Pressure Sensitive Adhesives Market Analysis
Based on technology, pressure sensitive adhesives market from the water-based segment is expected to record a valuation of over USD 6.3 billion by 2032. Water-based pressure-sensitive adhesives have superior transparency retention properties and demonstrate excellent adhesion to polar substrates. They also possess excellent bonding characteristics such as tack, peel, and cohesive strengths, low-temperature adhesion, superior flow & levelling capabilities, and demonstrate a high level of clarity in dry films.
Based on product, pressure sensitive adhesives market from the acrylic-based segment is poised to depict over USD 7 billion by 2032. The acrylic pressure-sensitive adhesives offer the widest performance range and are better resistant to water, chemical, and heat as compared to other adhesive categories. They demonstrate superior resistance to UV, aging characteristics, and higher temperature stability than rubber-based adhesives. In addition, they are compatible with many surfaces and demonstrate a strong initial bond which gets even stronger over time.
With respect to application, pressure sensitive adhesives market from the tapes segment is expected to grow at over 6.5% CAGR from 2023 to 2032. These tapes can be used for various purposes such as sound suppression, heat management, surface protection, noise reduction, masking off surfaces, and others. Pressure-sensitive adhesive tapes only require pressure and can even bond dissimilar materials without incompatibility issues. When applied with pressure over clean and dry surfaces, these tapes are compatible with various substrates.
Asia Pacific pressure sensitive adhesive market is slated to exhibit over USD 6 billion by 2032. The rising demand for pressure-sensitive adhesives in the region can be attributed to growing industrial sector. In fact, the packaging industry is developing at over 25% annually in India, which is likely to proliferate the demand for these adhesives.
Moreover, the rapidly growing automotive industry in China is further contributing to regional expansion. The country is the world’s largest vehicle market in terms of manufacturing output and sales and its domestic vehicle production capacity is expected to reach 35 million by 2025.
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Pressure Sensitive Adhesives Market Scope
