In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global keyword market considering 2012-2016 as the historic year and 2017–2026 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting pressure sensitive adhesives market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. Latest Fact.MR report predicts global pressure sensitive adhesives market to grow at 5.6% CAGR during the forecast period 2017-2026. 64,000 Mn sq. m volume of the pressure sensitive adhesives are expected to be sold worldwide by the end of the year 2026.
Weight reduction is demanded in products that use high bonding solutions. This factor acts as a major determinant in driving the growth of pressure sensitive adhesives market. Engineering plastics that are light-weight along with being cost-effective are gaining traction as material for pressure sensitive adhesives across different end-use industries like electronics, automotive and construction. Labelling and packaging industry contributes significantly in the market growth. Growth in implementation of RFID labels in order to improve the inventory management positively influences the demand for pressure sensitive adhesives. RFID labels are witnessing extensive usage in different industries like medical, architecture, packaging and automotive. Regulatory authorities also increase the adoption of such adhesives on the backdrop of enhancing performance and reducing emission.
Global market for pressure sensitive adhesives can be segmented on the basis of resin into two major types that are acrylic and rubber. Different backing material in the global market include polypropylene, polyvinyl chloride and paper. Major applications of these adhesives are tapes, hygiene, Medical, labels and graphic films.
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Regulatory agencies are introducing sustainability in market
Asia-Pacific excluding Japan (APEJ) is witnessing rapid growth and is expected to grow with the highest CAGR in the coming years. This growth rate is on the backdrop of growth in demand for pressure sensitive adhesives across various end-use industries like leather, furniture, construction, automotive and packaging. Manufacturers in developing economies like India and China are rigorously investing in research and development activities in order to gain greater market penetration. APEJ market growth is positively influenced by the favorable government actions.
According to Fact.MR, a steady 5.6% CAGR will be exhibited by the global pressure sensitive adhesives market between the years 2017 and 2026, in terms of value.
More than 64,000 Mn sq.
A new Fact.MR research report has slated the global market for pressure sensitive adhesives to record a steady 4.9% CAGR, in terms of volume, over the forecast period (2017-2026).
Pressure sensitive adhesives sales across the globe are estimated to exceed US$ 71,000 Mn in revenues by 2026-end.Important regions covered in the keyword market report include:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)MEA and JapanAPEJ (China, India)Growing Demand for Flexible & Convenient Packaging Solutions creating Huge Demand for Pressure Sensitive AdhesivesRapid population expansion worldwide has led to a robust demand for food, which in turn has provided an impetus to the food packaging industry.
Currently, it has been witnessed that changes in the urban lifestyle have prompted use of packaged food across the globe.
Utilization of peel-off lids and microwavable pouches as flexible packaging products are likely to gain momentum owing to changing consumer lifestyles.
