Pressure Sensitive Adhesives Market, By Product Type (Water based PSA, Solvent Based PSA, Hot Melt PSA, and Radiation Cured PSA), By Application (Tapes, Specialty, Labels, Graphics, and Others), By Regions (North America, Europe, Asia Pacific, Middle East, Africa, and Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Pressure-sensitive adhesives are used in a variety of industries that require sealant but cannot be used to seal tighten the spaces where high pressures are applied. These special types of adhesives react to high temperatures and pressure and form a highly secure seal that is difficult to break. As these adhesives react to both high temperatures and pressure, it can seal cracks, seal and vents and eliminates the need for metal adhesives such as epoxy. This type of seal has many different uses and will not crack, warp, or peel in any situation.
Market Dynamics
Increasing demand from aerospace and automotive industry is a prime factor driving the growth of the pressure-sensitive adhesives market. Moreover, growing technological advancement is another major factor fostering the growth of the market. For instance, in November 2021, DELO developed adhesives that have similar properties as of double-sided adhesive tapes, but it is applied in liquid form.
Contrarily, strict environmental regulations regarding the production of pressure-sensitive tapes is expected to hinder the growth of the market.
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