PRESSURE SENSITIVE ADHESIVES MARKET ANALYSIS
Global pressure- sensitive adhesives market was valued at US$ 8808.70 Mn in 2022 in terms of revenue, and is expected to exhibit a CAGR of 5.62% during the forecast period (2023 to 2030).
Figure 1. Global Pressure-sensitive Adhesives Market Value Share (%), By Region 2022
Market Trends
Acrylic-based PSA is gaining traction in the market as these tapes possess an excellent resistance to UV-light and chemical, colour stability, high shear strength & hydrolysis resistance, high resistance to different temperatures ranges. These are suitable for durable and long-term applications and have higher thermal stability, as compared to rubber-based PSAs. Acrylic-based PSA is widely used in the automotive, construction, electronics, and aerospace industries, thereby fueling the market growth.
Water-based PSAs are experiencing tremendous popularity around the globe and broadly used in the paper and food &beverage industries. Rapid growth in the end-use industries and other manufacturing industries is expected to foster the pressure-sensitive adhesives market growth. Also, ongoing urbanization around the globe coupled with development of the overall economy is expected to propel the pressure-sensitive adhesives market growth over the forecast period.
Figure 2. Global Pressure Sensitive Adhesives Market value Share (%), By Application, 2022
Pressure Sensitive Adhesives Market Report Snapshots
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