Pressure Sensitive Adhesives Market - By Technology (Water Based, Solvent Based, Hot-Melt, UV-Cured), By Product (Acrylic, Silicone), By Application (Tapes, Labels, Graphics), By Sector (F&B, Packaging, Healthcare, Building & Construction) - Global Foreca

Pressure Sensitive Adhesives Market - By Technology (Water Based, Solvent Based, Hot-Melt, UV-Cured), By Product (Acrylic, Silicone), By Application (Tapes, Labels, Graphics), By Sector (F&B, Packaging, Healthcare, Building & Construction) - Global Forecast to 2032

Global Pressure-Sensitive Adhesives Market is slated to expand through 2032 owing to the rising preference for PSAs in the transportation and automotive industry.

Prominent industry players are working to secure and preserve their supply chain networks ever since the COVID-19 pandemic caused changes in the supply chain that are unknown. The vendors are also engaging in supply chain alliances with distributors and dealers to ensure that sustainable products are delivered across all regions successfully.

Citing an instance, in 2021, BASF launched a water-based pressure sensitive adhesive, ACRONAL 3727 X for filmic labels designed for extreme clarity. The product boasts high transparency, water whitening resistance, good cohesion, making it a viable solution for clear-on-clear label.

The pressure-sensitive adhesives market has been divided in terms of technology, product, application, sector, and region.

Based on technology, the UV-cured segment is speculated to amass more than USD 1.3 billion valuation by 2032. Graphic overlays and circuits are already frequently created using flatbed screen printing. Most industrial graphic manufacturing processes leverage screen printing equipment and technology, which makes it simple to use printable adhesives with them. Furthermore, the demand for UV-cured pressure-sensitive adhesives will rise in the upcoming years as aesthetic factors in product marketing gain more importance.

With respect to product, the silicon-based segment is expected to attain sizable market share through the forecast period. Silicon-based adhesives can be used in many different end-use sectors, including electronics, aerospace, automotive, and defense. Additionally, strategic government initiatives to support domestic production will be accompanied by an increase in digitization, influencing the segmental growth.

In terms of sector, the electronics & laminates segment is poised to grow considerably over the review timeline. The demand for more precise and thinner adhesives is being driven by the trend toward smaller and thinner electronic gadgets. Pressure-sensitive adhesives are a favored option for electronic purposes because they provide good bonding strength at minimal thickness.

From the regional outlook, the Latin America pressure-sensitive adhesives market is estimated to grow at over 6.5% CAGR from 2023 to 2032. The region houses some of the thriving industries, including electronics, automotive, healthcare, as well as packaging, which are major consumers of pressure-sensitive adhesives. This implies that the growing product demand across these sectors would support the regional market growth in the coming years.