Pressure Sensitive Adhesives Market to reach $9.5bn by 2024 - PowerPoint PPT Presentation

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Pressure Sensitive Adhesives Market to reach $9.5bn by 2024

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More Information @ Based on technology, the market has been segmented into solvent based, UV cured, water based, and hot-melt. Water based technology is the largest product segment in the pressure sensitive adhesives market which will gain with a CAGR of more than 5% in terms of revenue during the forecast timeframe. – PowerPoint PPT presentation

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Title: Pressure Sensitive Adhesives Market to reach $9.5bn by 2024


1
Global Pressure Sensitive Adhesives Market to
reach 9.5bn by 2024 Global Market Insights Inc.
2
Industry Overview
  • Pressure Sensitive Adhesives Market to surpass
    USD 9.5 billion by 2024 driven by increasing use
    of tapes and labels in automotive
    transportation sector. Pressure sensitive
    adhesives market is most likely to witness growth
    during the study period due to the developments
    in the PSA tape technologies. The innovations in
    the tape technologies have enabled the
    manufacturers to offer notable performance and
    assembly-related features, including the capacity
    to resist high temperatures, severe environments
    to bond firmly with different substrates and
    materials. They also provide an economical option
    for the firms to cut down the total cost involved
    in assembly and reduces time-consuming activities
    and requirement of cumbersome equipment. PSA is
    also highly being used in the automotive sector
    owing to their ability to exhibit excellent high
    temperature characteristics and robust resistance
    to harsh substances and materials.
  • Pressure sensitive adhesives are superior
    products with multi-purpose applications which
    makes it more expensive. This product also has a
    negative impact on the production efficiency of
    paper recycling process as certain PSA materials
    are difficult to remove during the recycling
    process. They deposit on equipment and are
    retained in the product which hampers the
    operations. These issues could have a
    considerable effect on the pressure sensitive
    adhesives market and could limit the industry
    growth during the study period.

3
Continue
  • Hot-melt PSA portray environment friendly and
    fast setting features. These are 100 solid
    adhesives which are applied in molten state in
    room temperature to achieve flow and wetting.
    This technology is widely used in industries
    including textile lamination, book-binding,
    construction, woodworking, automotive,
    electronics, shoemaking, product assembly,
    packaging, hygiene etc. This technology section
    of the pressure sensitive adhesives market is
    likely to propel at a compound annual growth rate
    approximately 5.4 in the study period.
  • Silicone is an important product type of the
    pressure sensitive adhesives market which can
    withstand extreme temperatures and has chemical
    resistance. This relatively expensive product is
    frequently applied to products like glass cloth
    and aluminum foils so that they are appropriate
    for extreme temperature applications.
  • Graphics is an important application section of
    the pressure sensitive adhesives industry which
    is expected to develop at a rate of approximately
    4.5 during the study period. Graphics consists
    of signage, vehicle wraps, logos emblems,
    carpets mats, floors etc.

4

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Sensitive Adhesives Market _at_ https//bit.ly/2BaqOY
u Request for a Sample of this Research
report _at_ https//bit.ly/2piqSy1
5
U.S. Pressure Sensitive Adhesives Market Size, By
Application, 2013 2024 (USD Million)

6
Industry Coverage

7
Continue
  • Food beverage industry is a significant
    end-user section of the market which is expected
    to propel at a compound annual growth rate of
    approximately 5 in the study period. The reason
    behind the prominence of PSA in food beverage
    sector is that certain has adhesives have gained
    FDA approval to be used as food contact
    applications like labels and tapes on the food
    items.
  • North America pressure sensitive adhesives market
    value is likely to cross USD 2 billion by 2024.
    Availability of numerous products and technology
    types of the market for various industries makes
    it a more reliable choice in the region.
  • Some of the key product manufacturing companies
    of the market include Bostik, Dow Dupont, Evonik
    Industries, Avery Dennison, Henkel, Arkema, Sika,
    HB Fuller etc. Large number of small and medium
    scale local manufacturers are also part of the
    market.

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