Pressure Sensitive Adhesives Market - Global Outlook & Forecast 2022-2027
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Pressure Sensitive Adhesive Market Report
Hot-melt adhesives and water-based pressure sensitive adhesives are witnessing high growth owing to their increasing demand and application in packaging, automotive, electronics, and other industries. APAC is one of the major contributors to the rapid growth of adhesives and the growth in end-user industries such as packaging and automotive, which uses water-based pressure sensitive adhesives extensively.
The pressure sensitive adhesive market by revenue is expected to grow at a CAGR of over 6% by revenue during the period 2022–2027.
MARKET OPPORTUNITIES AND TRENDS
- High Demand for Bio-based Adhesives
- Growing Use of Pressure-sensitive Adhesives in Tapes
- Ease-Of-Use and Low Costs Associated with Pressure-Sensitive Adhesives
SEGMENTATION ANALYSIS
The Global Pressure Sensitive Adhesives market is segmented based on Technology, Formulation, Application, and End-user. Due to the rise of the packaging and automotive industries in European nations, apparently, there is an increasing need for hot-melt adhesives. Consumers also have a strong preference for environmentally friendly products, eventually expanding the bio-based hot-melt adhesives market.
GEOGRAPHICAL ANALYSIS
North America, Europe, APAC, Latin America, Middle East and Africa
The growth of the global pressure-sensitive adhesives market is attributable to economic growth, rise in construction projects, and growth across the automotive and industrial sectors worldwide. Several government regulations requiring eco-friendly and environmentally friendly goods are also propelling the demand for pressure-sensitive adhesives across all geographies. APAC has emerged as the most dominant regional market in recent years
VENDOR ANALYSIS
3M, Sika, Henkel, H.B. Fuller, and Arkema are a few of the major global companies. The majority of the large companies are attempting to expand their operations by forming successful partnerships or acquiring small or mid-sized active vendors in different regions, while domestic vendors are profiting on product portfolios tailored to regional needs.
THE REPORT INCLUDES:
1. The analysis of the global pressure-sensitive adhesives market provides market size and growth rate for the forecast period 2022-2027.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global pressure-sensitive adhesives market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global pressure-sensitive adhesives market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.