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The report on Acrylic 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 Acrylic 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.
Pressure sensitive adhesives belong to those categories of adhesives which have the ability to adhere to different substrates when pressure is applied on their surface. Polar attraction to the surface of a substrate is the primary bonding mode of pressure sensitive adhesives. For manufacturing of pressure sensitive adhesives, several adhesive systems, namely, solvent based and hot melt are utilized. In case of solvent-based systems, adhesive ingredients are suspended in solvent. On the other hand in case of hot melts, thermoplastic rubbers are compounded with tackifiers, oils and antioxidants. Pressure sensitive adhesives have the property of remaining viscous and do not solidify. They are thus permanently tacky. Such adhesives possess the ability to wet surfaces with which they come in contact. These adhesives are not considered true solids. The reason behind this being that their strength decreases with an increase in temperature.
Global Acrylic Pressure Sensitive Adhesives Market has been valued at $8,408 million in 2016. The market is expected to garner $12,963 million by 2023, registering a CAGR of 6.4%
End-user/Technology
Globally, the packaging segment has emerged as the leading end-user segment of acrylic pressure sensitive adhesives. This is due to the essential role that packaging plays in logistics.
Market Dynamics
The major factors driving the market for global acrylic pressure sensitive adhesives are high demand for PSAs in Asia-Pacific, growth in flexible packaging industry, product innovation and rising demand for lightweight and low-emission automobiles. In addition to these factors, the growth is also driven by wide application scope in transportation, security, food & beverage and health & beauty industries.
Market Segmentation
The global pressure sensitive adhesives market is segmented as below-
On the basis of Technology
Radiation
Hot melt
Water based
Solvent based
On the basis of Chemistry
Silicone
Acrylic
Rubber
On the basis of Application
Labels
Graphics
Tapes
On the basis of End-Use Industry
Building and Construction
Medical and Healthcare
Automative and Transportation
Packaging
Regional/Geographic Analysis
The Asia-Pacific region has emerged as the largest regional segment of the global acrylic pressure sensitive adhesive market due to rapid rise in industrial and infrastructural developments. Other major regional players are North America, South America, Europe and Middle East & Africa
Opportunities
The rising acceptance of bio-based PSAs across globe is expected to offer huge opportunity for market growth. The global market has robust opportunities owing to advancements in packaging technologies along with the increasing use of flexible packaging materials. Also, fast industrialization and increasing infrastructural developments in Asia Pacific region has huge potential for this market to grow exponentially.
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Key Players
Some of the key players of the global acrylic pressure sensitive adhesives market are Sika AG, The DOW Chemical Company, Arkema Group, The 3M Company, Scapa Group PLC, Hexion, Henkel AG & Co. KGaA, Drytac, H.B. Fuller, Avery Dennison Corporation, DOW Corning, Ashland Inc., Avery Dennison Corp., , Alfa International Corporation and Adhesive Technologies Inc. (AdTech).
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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George Benson
George Benson is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, and strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily possesses.
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