Home > Chemicals & Materials > Pressure Sensitive Adhesives Market

Pressure Sensitive Adhesives Market - By Technology (Water Based, Solvent Based, Hot-Melt, UV-Cured), By Product (Acrylic, Silicone), By Application (Tapes, Labels, Graphics), By Sector (F&B, Packaging, Healthcare, Building & Construction) - Global Forecast to 2032

  • Report ID: GMI2385
  • Published Date: Mar 2023
  • Report Format: PDF

Pressure Sensitive Adhesives Market Size

Pressure Sensitive Adhesives Market size surpassed USD 8.3 billion in 2022 and is likely to grow at 6% CAGR from 2023 to 2032 due to rising use of tapes and labels in automotive & transportation applications.

Pressure Sensitive Adhesives Market

To understand key trends  
Download Free Sample

Pressure-sensitive tapes are utilized in the car’s exterior and interior trim, bonnet, and body as they offer a multitude of benefits over conventional adhesive methods. Owing to their vibration and noise-damping capabilities, they improve the driving experience without increasing the weight of the vehicle. The surging use of tapes and labels in the manufacturing of lightweight vehicles is likely to pave the way for industry progress. 

Pressure-sensitive adhesives are also considered reliable for electric vehicles’ battery pack applications such as dielectric insulation, flame retardance, bonding, and others. The growing inclination of customers towards electric cars is likely to proliferate the demand for pressure-sensitive tapes.

Stee raw material prices may constrain industry development

Pressure-sensitive raw materials such as organic & inorganic chemicals, synthetic rubber, and acrylate monomer are derived from petroleum products. The prices of these raw materials are severely affected by fluctuating oil prices. Especially, the COVID-19 pandemic resulted in large fluctuations in the prices of refined petroleum products in the first half of 2020. In fact, the oil demand from China witnessed a sharp decline and reduced by 3 million barrels daily, which further affected its price.

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.

Global Pressure Sensitive Adhesives Market Revenue, By Product

To understand key market trends  
Download Free Sample

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for pressure-sensitive adhesives recorded a valuation of over USD 8.3 billion in 2022 and is expected to grow at 6% CAGR from 2023 to 2032, driven by the rising use of tapes and labels in automotive and transportation industries.

Acrylic-based segment is poised to record a valuation of over USD 7 billion by 2032, driven by its superior resistance to UV and better temperature-stability than rubber-based counterparts.

Asia Pacific pressure-sensitive adhesives market is set to witness a valuation of over USD 6 billion by 2032, fueled by the region’s rapidly growing industrial sector.

The major leaders partaking in the global market share include names such as Ashland, Inc, Franklin International, Inc, Mapei SpA, Beardow Adams (Adhesives) Limited, and Mactac Performance Adhesive Group, among others.

Pressure Sensitive Adhesives Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Immediate Delivery Available

Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 517
  • Countries covered: 20
  • Pages: 410
 Download Free Sample