Advancements in Pressure Sensitive Adhesives Tapes Technology is an opportunity for Market to grow

The Pressure Sensitive Adhesives (PSA) Market was valued at USD 7.87 Billion in 2015, and is projected to reach USD 15.76 Billion by 2026, at a CAGR of 6.6% between 2016 and 2026.

Browse 204 market data tables and 63 figures spread through 218 pages and in-depth TOC on “Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, EVA), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Medical), Region - Global Forecast to 2026”.

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Varied applications of PSA include labels, tapes, graphics, and others. Labels is the largest and fastest-growing application segment in the PRESSURE SENSITIVE ADHESIVES market, in terms of value and volume, owing to the increasing consumption of labels in varied end-use industries, such as medical & healthcare, packaging, and electronics, electrical & telecommunication.

On the basis of end-use industry, the pressure sensitive adhesives market has been segmented into packaging, automotive & transportation, electronics, electrical & telecommunication, medical & healthcare, building & construction, and others. The packaging end-use industry is the largest segment in the PRESSURE SENSITIVE ADHESIVES market, due to the vital role that packaging plays in logistics.

Based on region, the PSA market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia-Pacific region is leading the pressure sensitive adhesives market, followed by North America and Europe. Rapid industrialization and rise in infrastructural developments are factors contributing to the growth of the pressure sensitive adhesives market in the Asia-Pacific region.

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One of the key restraining factors of the Pressure Sensitive Adhesives market is volatility of raw material prices, which affects the production of Pressure Sensitive Adhesives. Moreover, companies such as Henkel AG & Co. KGaA (Germany), 3M Company (U.S.), The Dow Chemical Company (U.S.), Avery Dennison (U.S.), Ashland Inc. (U.S.), and H.B. Fuller (U.S.) are investing in R&D activities to launch new products and strengthen their position in this market.

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