Market Challenges And Opportunities

Drivers

Surging Demand for Pressure-sensitive Adhesives

Growing demand for lightweight and low- emission automotive is propelling the market growth of pressure-sensitive adhesives. Polymer-based hot adhesives are majorly used for panel laminations in the Automotive Industry. Growing awareness regarding low- weight vehicles with increased fuel efficiency and lower emissions is further expected to drive the demand for such adhesives in the automotive industry. Hence, the growing demand for fuel-efficient vehicles is expected to foster the global pressure-sensitive adhesives market growth.

Rising popularity of miniaturization of Electronic Devices such as portable computers, cell phones, and tablets is projected to augment the global pressure-sensitive adhesives market growth. Smartphone is one of the popular examples of miniaturization of electronic devices. Increasing disposable income and growth in the urban population is creating demand for such electronic devices. Thus, growing popularity of miniaturization of electronic devices is expected to accelerate the global pressure-sensitive adhesives market growth.

Market Restraints

Strict rules and regulations

Environmental concerns associated with materials used in pressure-sensitive adhesives are expected to restrict the market growth. Materials used in the production of PSA possess a potential threat to aquatic as well as terrestrial species.

Strict rules and regulations regarding the production of pressure-sensitive adhesives, as it causes various health issues, are expected to hinder the market growth. This factor is restricting the adoption of pressure-sensitive adhesives across various industries, in result hindering the market growth.

Restraints & Challenges: