Wide Acceptance Due to Ease of Adaptability of Pressure Sensitive Adhesives

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”.

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Labels is the largest application segment of the PSA market

The labels segment is estimated to account for the largest market share, in terms of value as well as volume, followed by tapes and graphics, in 2016. Labels are widely used in varied end-use industries such as medical & healthcare, packaging, and electronics, electrical & telecommunication, among others. They are also utilized in sectors such as consumer goods, HVAC (heating, ventilation, and air conditioning), and food & beverage.

Packaging end-use industry is estimated to account for the largest market share

PSAs are used in varied end-use industries such as packaging; electronics, electrical & telecommunication; medical & healthcare; and building & construction; among others. The packaging end-use industry is estimated to account for the largest market share, in terms of volume, in 2016. The electronics, electrical & telecommunication end-use industry is estimated to grow at the highest CAGR between 2016 and 2026, in terms of value. Increasing per capita income and improving living standards are driving the demand for electronic products, which further propels the growth of the PSA market.

Asia-Pacific is projected to lead the PSA market during the forecast period

The Asia-Pacific region is the largest regional segment of the PSA market, owing to rise in industrial and infrastructural developments. Asia-Pacific has emerged as the leading consumer as well as producer of PSAs, due to the increasing demand for pressure sensitive adhesives from India, South Korea, China, and Indonesia, among others.

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The rising attention towards the protection of human health and environmental risks has promoted various government regulations, has led to rise in developments of sustainable or bio based PSA. In order to achieve this hike, innovations are being undertaken to meet the synchronization of consumer needs as per their requirements. The demand for renewable and sustainable green resins are also gaining hold in this industry.

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