(MENAFN- Ameliorate Digital Consultancy)
The market for pressure-sensitive adhesives is rapidly expanding as a result of the increasing demand for electronic gadgets in reaction to their downsizing. In addition, the market is primarily being driven by an increase in automobile production and a rise in the demand for lightweight vehicles.
The historical CAGR for the US market for pressure-sensitive adhesives from 2018 to 2022 was 4.6%, and the forecasted CAGR for this market is 5.9%.
The US alone produces more than 25% of all pressure-sensitive adhesives. The main driver of the expansion of the pressure-sensitive market in the US is low-flexible packaging. Pressure-sensitive adhesives made from biomaterials are expected to become more popular, which could lead to significant growth opportunities.
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Why are Acrylic Pressure-Sensitive Adhesives Widely Preferred?
The demand for pressure-sensitive adhesives is significantly rising due to the rising need for lightweight and low-emission materials in the automotive industry and the rising use of affordable flexible packaging solutions.
Because acrylic pressure-sensitive adhesives are polar, they can readily adhere to a variety of substrates, including glass, metal, neoprene, polycarbonate, and polyester. The popularity of acrylic pressure-sensitive glue is growing as a result of its improved sticking capability. Leathers made with acrylic pressure-sensitive adhesives are projected to expand at a CAGR of 5.9% throughout the forecast period.
Key Companies Profiled
3M Company Tesa SE Nitto Denko Corporation LINTEC Corporation BASF SE Lohmann GmbH & Co. KG Exxon Mobil Corporation
This Pressure Sensitive Adhesives Market report comes with little company outline, earnings dialog, advantage, latest events and product offerings, and ways of these gamers. The maturation of the substantial associations alongside their resources such as development, price, and customer satisfaction are gleaned from your analysis document about the International Pressure Sensitive Adhesives Market. From the provider's particular needs, we may even provide customization for International Pressure Sensitive Adhesives Market together with most of the info that is chosen.
The predominant Questions Answered in This Report Are:
Which segments will perform well in the Pressure Sensitive Adhesives Market over the forecasted years? In which markets companies should authorize their presence? What are the forecasted growth rates for the Pressure Sensitive Adhesives Market? What are the long-lasting defects of the industry? How share market changes their values by different manufacturing brands? What are the qualities and shortcomings of the key players? What are the major end results and effects of the five strengths study of industry? Get Customization on this Report:
Segmentation of Pressure-Sensitive Adhesive Industry Research
By Resin Type : Acrylic-based Rubber-based Other
By Backing Material : Polypropylene-based Paper-based Polyvinyl Chloride-based Other
By Application : Tapes Labels Hygiene Adhesives Graphic Films Medical Adhesives Other Applications
By Region : North America Latin America Europe East Asia South Asia & Oceania MEA
Country-wise Insights:
The historical CAGR for the US market for pressure-sensitive adhesives from 2018 to 2022 was 4.6%, and the forecasted CAGR for this market is 5.9%. The US alone produces more than 25% of all pressure-sensitive adhesives. The main driver of the expansion of the pressure-sensitive market in the US is low-flexible packaging. Pressure-sensitive adhesives made from biomaterials are expected to become more popular, which could lead to significant growth opportunities.
Also, the US packaging market has changed recently as the manufacturing and industrial sectors have embraced flexible packaging options. Pressure-sensitive adhesives are expected to open up a lot of potential for American producers as a result of the aforementioned characteristics.
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