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The report on Solvent Pressure Sensitive Adhesives Market , that has been recently added by Kenneth Research, offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. Additionally, the report contains the market size and annual growth rate for a period of 8 years, i.e. forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Solvent Pressure Sensitive Adhesives Market Products.
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According to the statistics by the Invest India, the market value of chemicals industry in India was estimated to be USD 178 billion during the period 2018-2019. Additionally, the data also stated that the demand for petrochemicals in the country is observing a steady growth and is further estimated to grow at a CAGR of 7.5% during 2019-2023. On the other hand, the market for agrochemicals is expected to register a CAGR of 8% during the same period and further attain a market value of USD 4.7 billion by the end of 2025.
The Solvent Pressure Sensitive Adhesives Market is showing great signs of steady growth over the years. These adhesives have alot of excellent features like it ages slowly and is UV, thermal and oxidation stabilized. It doesn't require a chemical reaction to help it keep the adhesive bond. They come in a permanent or removable form.
Tapes and labels are made by solvent pressure sensitive adhesive. Such pressure sensitive adhesives are made with 3 polymer systems. Systems like rubber, silicone,and acrylic use other ingredients like plasticizers and tackifying agents for modifying the end product. These adhesive ingredients are dissolved in a solution and applied to various materials. The solvent is then dried which leaves the residue of the adhesive only. These adhesives are used in industries like packaging and medical for various purposes.
Market Dynamics:
Here we will analyze the market dynamics such as drivers, trends and industry-specific challenges for the Solvent Pressure Sensitive Adhesives market.
Drivers:
An increasing use of cost-effective and flexible packaging is being used in Asia Pacific region for the construction and automotive sector. Tapes which are pressure sensitive in nature are used to improve performance, decrease the weight of the material and improve the overall look of the product. Even RFID labels are increasingly being used for inventory management. It is a type of a wireless tag that is used in anapplication by many industries.
Trends
Factors like the number of women working in the industries, increase in disposable income are affecting the market dynamics. Also, innovation in product development is driving up the market.
Restraint & Challenges:
The application of natural rubber, organic chemicals etc. in making pressure sensitive tapes is a threat to the market as this will increase prices drastically. Nonavailability of raw materials, volatile oil prices will affect the cost structure of the company.
Market Segmentation:
The market is segmented by End-User Industry:
Construction
Packaging
Automotive
Medical
The market is segmented by Application:
Tapes
> Coating: Single Coated, Double Coated, Reinforced
> Tape Type: Specialty Tape, Masking Tape, Packaging Tape, Consumer Tape
Films
Labels: Permanent, Peelable, Frost-Fix, High Tack
The labels segment is the biggest segment of the solvent pressure sensitive adhesive market. It is used on various products like electronics, food items etc. Owing to its versatile feature and cost-effective price, it has an advantage over traditional labels. The adhesives are acrylic in nature made from petroleum components which have good strength. It is used in automobiles due to its resistance to oil, gasoline etc.
Geographic analysis:
The majority of the market is focused on automotive and electronics. Owing to the increase in disposable income, there is a surge in the demand for vehicles in theAsia Pacific. Even consumers preferences for packaged food is stimulating demand for such adhesives in U.S. South America countries are witnessing huge investments and industrial growth especially in the construction and automobile sector.
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Key Players:
Some of the major players in the market include:
3M
H.B. Fuller
BASF
Bostic
Ashland
Mapei
LG Chem
Franklin International
Royal Adhesives and Sealants
Dow Chemical
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research:
Kenneth Research is a multi-client market research database that aims at providing reports that help industry professionals including various individuals and organizations to identify the market trends and scope, thereby making it easier for them to take decisions and form strategies after complete assessment of the market. The various industries catered by the company include healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence and several others. Being a global market research reselling firm, Kenneth Research provides strategic business consultancy services at a global level and offers a single platform for the best market research reports.
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