logo
logo
Sign in

Pressure Sensitive Adhesives Market to grow at highest CAGR till 2025

avatar
Rohna Patnakar
Pressure Sensitive Adhesives Market to grow at highest CAGR till 2025

According to the new market research report "Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, Silicone), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Healthcare), Region - Global Forecast to 2025", published by MarketsandMarkets™,  the global Pressure Sensitive Adhesives Market size is projected to grow from USD 9.5 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 6.0% during the forecast period.

The medical & healthcare segment is estimated to be the emerging end-use industry in the pressure sensitive adhesives market during the forecast period

PSAs have prime importance in the medical & healthcare industry and are extensively used in hospitals. These medical products include PSA transfer tapes and single-coated & double-coated PSA tapes. Adhesive transfer tapes and double-coated tapes are mostly used in medical device OEMs to adhere to medical devices, strips, and pouches. The market for PSA in this industry is also influenced by growing COVID-19 infections in people having existing medical conditions such as asthma and diabetes. Moreover, there is a continuous rush in vaccine development for the treatment of COVID-19 and developing medical infrastructures. All these factors are expected to increase the growth of the PSAs market in the medical & healthcare industry

APAC is estimated to be the largest as well as the fastest-growing pressure sensitive adhesives market

APAC is expected to account for the largest share of the pressure sensitive adhesives industry during the forecast period. The increasing demand from end-use industries is contributing to the demand for PSAs, eventually driving the market growth in the APAC region. This market is driven by increased foreign investments due to cheap labor and accessible raw materials. Also, government proposals to improve the manufacturing and infrastructure, and to increase cash-intensive non-residential construction activities, coupled with the increase in the manufacturing of end-use products, are driving the PSAs market growth

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1135

In line with the rising demand for pressure sensitive adhesives, Henkel offers a broad spectrum of products, including home care, laundry, cosmetic, and adhesive technologies. The adhesive technologies business segment manufactures and distributes decoration and renovation products for home & office, building adhesives, PSA, and industrial infrastructure solutions. Henkel supplies hot-melt PSA for a wide variety of applications in terms of specialty tapes and commodity tapes. The company also manufactures customized solutions. It has leveraged its strong financial background and distribution network to expand its business in the US and various countries across the globe.

In 2020, the company opened its new production facility in Kurkumbh, India, near Pune. The unit aims to serve the growing demand for high-performance solutions in adhesives, sealants, and surface treatment products in Indian industries. Designed as a smart factory, the new plant also will also help a wide range of Industry 4.0 operations and meet the highest standards for sustainability.

The second most active company in the pressure sensitive adhesives market is The Dow Chemical Company (US). The company holds a strong position in the market due to its global distribution capabilities and strong financial background. The company has actively made efforts and expanded in emerging countries across Latin America and APAC to strengthen its product portfolio and customer reach. It conducts its worldwide operations through four operating segments: packaging & specialty plastics, industrial intermediates & infrastructure, performance materials & coatings, and corporate. The company manufactures PSAs under its performance materials & coatings business unit. It operates its business in North America, Europe, APAC, and Latin America.

Read More Information At https://www.prnewswire.com/news-releases/pressure-sensitive-adhesives-market-worth-12-8-billion-by-2025--exclusive-report-by-marketsandmarkets-301082716.html

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 
[email protected]

 

collect
0
avatar
Rohna Patnakar
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more