Pressure Sensitive Adhesives Market worth 15.76 Billion USD by 2026

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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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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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 PSA 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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