Global Acrylic Pressure Sensitive Adhesives Market Report and Forecast 2024-2032

Global Acrylic Pressure Sensitive Adhesives (PSA) Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global acrylic pressure sensitive adhesives (PSA) market size, aided by the rising demand for the adhesive from the packaging industry, is projected to grow at a CAGR of 6.1% between 2024 and 2032.

Acrylic pressure sensitive adhesives (PSAs) are a type of adhesive that forms a bond when pressure is applied to marry the adhesive with the adherend. These adhesives do not require water, solvent, or heat to activate their adhesive properties. Acrylic PSAs are formulated from acrylic polymers and are known for their versatility, durability, and excellent performance in a wide range of applications.

The global acrylic pressure sensitive adhesives (PSA) market is undergoing substantial growth, driven by increasing demand for the adhesive across various industries, technological advancements, and a heightened focus on sustainability. Acrylic PSAs, known for their excellent adhesion properties, durability, and versatility, are widely used in applications, ranging from packaging and automotive to electronics and medical devices.

One of the most significant acrylic pressure sensitive adhesives (PSA) market trends is the rising demand for acrylic PSAs from the packaging industry. As e-commerce and logistics sectors continue to expand, the need for reliable and efficient packaging solutions has surged. Acrylic PSAs are extensively used in labels, tapes, and seals due to their strong adhesion, resistance to environmental factors, and ability to bond to various substrates. The increasing preference for flexible packaging, driven by consumer demand for convenience and sustainability, is further boosting the use of acrylic PSAs. Flexible packaging often relies on high-performance adhesives to ensure product integrity and shelf appeal, making acrylic PSAs an ideal choice.

The automotive industry is another major factor propelling the global acrylic pressure sensitive adhesives (PSA) market growth. With ongoing advancements in automotive manufacturing and the shift towards lightweight and electric vehicles, there is a growing need for innovative bonding solutions. Acrylic PSAs are used in various automotive applications, including interior trim, exterior emblems, and electronic component assembly. Their ability to withstand harsh environmental conditions, such as temperature fluctuations and exposure to chemicals, makes them suitable for automotive applications. Additionally, the trend towards reducing vehicle weight to improve fuel efficiency and reduce emissions is leading to the increased use of acrylic PSAs as they provide a lightweight alternative to traditional mechanical fasteners.

Technological advancements are playing a crucial role in the acrylic pressure sensitive adhesives (PSA) market evolution. Innovations in adhesive formulations and manufacturing processes are enhancing the performance characteristics of acrylic PSAs. For instance, the development of solvent-free and water-based acrylic PSAs is gaining traction due to their lower environmental impact and improved safety profiles. These advancements are addressing the growing demand for sustainable and eco-friendly adhesive solutions. Moreover, the incorporation of nanotechnology in adhesive formulations is improving the adhesion strength, thermal stability, and transparency of acrylic PSAs, opening up new application possibilities across various industries.

The growing adoption of acrylic PSAs in the electronics industry is expected to enhance the acrylic pressure sensitive adhesives (PSA) market expansion, driven by the increasing miniaturisation and complexity of electronic devices. Acrylic PSAs are used in the assembly of smartphones, tablets, wearable devices, and other consumer electronics due to their excellent bonding performance and resistance to heat and moisture. The demand for high-performance adhesives that can provide reliable bonding without interfering with electronic functionality is driving the adoption of acrylic PSAs in this sector. Additionally, the trend towards flexible and foldable displays in consumer electronics is creating new opportunities for acrylic PSAs, which are essential for bonding flexible components.

Sustainability is becoming a central theme in the global acrylic pressure sensitive adhesives (PSA) market. As environmental regulations tighten and consumer awareness about sustainability grows, manufacturers are increasingly focusing on developing eco-friendly adhesive solutions. The shift towards renewable raw materials, recyclable adhesives, and reduced volatile organic compounds (VOCs) is evident in the market. Acrylic PSAs, particularly water-based formulations, align well with these sustainability goals. Companies are investing in research and development to create sustainable adhesive products that meet performance requirements while minimizing environmental impact. This trend is expected to drive the market towards more sustainable practices and products.

The medical industry is also contributing to the global acrylic pressure sensitive adhesives (PSA) market growth. Acrylic PSAs are widely used in medical tapes, bandages, wound dressings, and wearable medical devices due to their biocompatibility, hypoallergenic properties, and strong adhesion to the skin. The increasing prevalence of chronic diseases, the ageing population, and the rise in home healthcare are driving the demand for medical adhesives. The need for high-performance, skin-friendly adhesives that can provide secure attachment without causing irritation or damage to the skin is boosting the adoption of acrylic PSAs in the medical sector.

Regional dynamics are shaping the global acrylic pressure sensitive adhesives (PSA) market development. North America and Europe are leading markets, driven by the high adoption rates of advanced adhesive technologies and stringent environmental regulations. The Asia Pacific, particularly China, India, and Japan, is emerging as a significant growth market due to rapid industrialisation, expanding manufacturing sectors, and increasing demand for consumer goods. The growing middle class and rising disposable incomes in these regions are driving the demand for high-quality packaging, electronics, and automotive products, thereby boosting the market for acrylic PSAs.

Market Segmentation

The global acrylic pressure sensitive adhesives (PSA) market can be divided based on type, additives, application, end use, and region.

Market Breakup by Type

• Water Based
• Solvent Based
• Hot Melt
• Radiation

Market Breakup by Additives

• Defoamers
• Neutralising Agents
• Plasticisers
• Surfactants/Wetting Agents
• Tackifiers
• Others

Market Breakup by Application

• Tapes
• Labels
• Graphics (Films)
• Other

Market Breakup by End Use

• Building and Construction
• Electrical and Electronics
• Healthcare
• Paper and Paperboard Packaging
• Transportation
• Other

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global acrylic pressure sensitive adhesives (PSA) market. Some of the major players explored in the report by Expert Market Research are as follows:

• 3M Company
• Arkema Group
• Henkel AG & Co. KGaA
• Ashland Inc.
• Avery Dennison Corporation
• The Dow Chemical Company
• Franklin International Inc.
• Soken Chemical & Engineering Co., Ltd
• Toyo Ink SC Holdings Co., Ltd.
• No-tape Industrial Co., Ltd.
• Seiko Pmc Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.