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) -

Published In : Jan 2023

Code : CMI485

Pages :140

Formats :

Excel and PDF

Industry : Advanced Materials

Pressure Sensitive Adhesives MarketSize and Trends

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