PRESSURE SENSITIVE ADHESIVES MARKET ANALYSIS

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) -

Recent Developments

In February 2020, Henkel Adhesives Technologies, opened its new production facility in Kurkumbh, India. This unit aims to serve the growing demand for high-performance solutions in adhesives, sealants, and surface- treatment products in Indian industries. Designed as a smart factory, the new plant will also help Industry 4.0 operations and will meet the highest standards for sustainability.
Asia Pacific held dominant position in the Global Pressure Sensitive Adhesives market in 2020, accounting for 40.0% share in terms of value followed by North America and Europe, respectively. This is primarily due to increase in consumption of goods in major developing markets of India and China. This has led to demand in the retail labelling segment.
The global pressure sensitive adhesives market forecast was valued at $8808.70 Mn in 2022, and is projected to reach $14384.15 Mn by 2030, growing at a CAGR of 5.62% from 2023 to 2030.