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Pressure Sensitive Adhesives Market

Pressure Sensitive Adhesives Market By Resin Type (Acrylic, Rubber and Other based Pressure Sensitive Adhesives), By Backing Material (Polypropylene, Paper, Polyvinyl Chloride and Other Backing Material based Pressure Sensitive Adhesives) - Forecast 2021-2031

Analysis of Pressure Sensitive Adhesives market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Pressure Sensitive Adhesives Market Outlook

Pressure-sensitive adhesives market is estimated to reach US$ 71 Bn by 2026, up from US$ 43.5 Bn in 2017, reflecting a CAGR of 5.6%. In the long-run, the industry is slated to reach US$ 93 Bn, expanding 1.8x from 2021 to 2031.

Surging development of low-cost flexible packaging is majorly driving adoption. On the other hand, strict environmental restrictions surrounding VOC emissions are likely to stymie the market's expansion.

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Key Points Addressed in Pressure Sensitive Adhesives Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • Recommendation on Key Winning Strategies
Pressure Sensitive Adhesives Market

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Pressure Sensitive Adhesives Consumption Analysis 2016-2020 Vs Future Outlook 2021-2031

According to Fact.MR, the global pressure sensitive adhesives industry was worth over US$ 51 Bn in 2020, expanding at a CAGR exceeding 3% across the 2016-2020 historical period. Heightening demand for flexible packaging solutions to reduce logistics costs primarily drove demand.

As e-commerce companies and other retail formats look to optimize their operations, corporations are looking up to pressure sensitive adhesives, particularly across the food & beverage and pharmaceutical industries. Amidst the COVID-19 pandemic, demand received heavy stimulus, as reliance on online stock procurement increased exponentially.

As per Fact.MR’s report, long-term prospects for the global market on Pressure Sensitive Adhesives appear highly lucrative- with an anticipated CAGR surpassing 6% propelling the industry throughout the 2021-2031 assessment period. Expected valuation by 2031-end is US$ 93 Bn.

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How will Automotive Industry Generate Pressure Sensitive Adhesives Demand?

Pressure sensitive adhesives are utilized in a variety of automotive applications, including assembly, securing carpets to different vehicle interior substrates, brake shims, wire wrapping, foam & fiber bonding, securing gaskets in a variety of configurations, and others.

Furthermore, polypropylene is utilized to replace medium surface energy materials used in convectional fuel tanks. To avoid melting, this tank requires appropriate heat shielding from vehicle temperature.

Thus, acrylic modified PSAs are an excellent alternative due to their resilience to high temperatures, chemicals, gasoline, and other fluids. These factors are expected to have a significant impact on the worldwide market for pressure sensitive adhesives.

Advanced Acrylic Adhesive Technologies a Possibility for Expansion?

Advanced acrylic adhesive technologies used in pressure sensitive tapes are a favored bonding option in many industries, replacing mechanical fasteners, spray & liquid adhesives, and other fastening & bonding methods.

These pressure sensitive tapes improve the efficiency and speed of assembly operations by seamlessly integrating into automated processes via in-line dispensing equipment or by hand.

Advanced tape technologies feature outstanding performance and assembly-related properties, such as the ability to resist severe conditions, high temperatures, and firmly bind with a wide range of materials and substrates. This aspect is expected to generate lucrative possibilities for the growth of the pressure sensitive adhesives market in the near future.

Will the Packaging Industry by the Kingpin of the Global PSA Industry?

Adhesives serve a critical function in keeping product packaging intact until it reaches the consumer. As the number of new goods and product purchases increases, packaging operations require a dependable adhesive to satisfy the increasingly complicated packaging demands.

PSAs provide a quick and easy approach to make items compliant and shelf-ready. Pressure-sensitive adhesives are less hazardous than glue sticks and more discreet than standard tape. Pressure-sensitive adhesives, unlike glue sticks, do not require heat to be applied. The lack of heat prevents burns and enhances worker safety in the facility.

Furthermore, using pressure-sensitive adhesives saves time. They compress the substrate as soon as they are applied, exactly at the point of adhesion. Instant bonding speeds up processing while also improving output. Packaging is popular due to features such as lightweight, simple handling, reduced space consumption, longer shelf life, easy transit, damage resistance, and greater printability.

Stringent VOC Emission Standards to Impede Growth?

Stringent regulations governing pressure sensitive adhesives usage is expected to stymie industry expansion. VOCs contained in some pressure sensitive adhesives have a propensity to combine with nitrogen oxides in the environment to create ozone, which offers a health risk by creating respiratory issues.

The EPA developed standards to restrict VOC emissions from a variety of consumer goods and industrial adhesive application methods. Because solvent-based adhesives contain specific solvents that release VOCs, the market is shifting toward VOC-free water-based adhesives. As a result, market growth is expected to be hampered.

Country-Wise Analysis

How Opportunistic is the Market across the U.S?

During the projected period, sales of pressure sensitive adhesives in the U.S generated over 1/4th of global revenues in 2020. One of the primary drivers of the business is the move towards low-cost flexible packaging. Adoption of bio-based pressure sensitive adhesives is expected to generate substantial development potential.

Furthermore, the country's packaging business has been through a transformation in recent years, with the manufacturing and industrial sectors adapting to flexible packaging. As a result of the aforementioned causes, the packaging sector is expected to dominate the market under consideration.

Surging Demand for Economical Packaging Spurring Sales in the U.K?

During the projected period, the pressure sensitive additives industry in the U.K is likely to surge at a CAGR of 6% through 2031. The transition to low-cost flexible packaging is one of the main reasons driving the industry.

However, stringent environmental laws concerning VOC emissions are impeding the expansion of the industry under consideration. The growing use of bio-based pressure sensitive adhesives is projected to create a significant development opportunity for the industry under consideration.

Why is the Asian Market in the Limelight?

Asia is the most promising market for pressure-sensitive adhesives, accounting for nearly 50% of global demand, and is expected to dominate the industry in the near future. This dominance might be ascribed to the region's rising need for tapes and labels.

Over 80% of the demand for pressure-sensitive adhesives is accounted for by China, India, Japan, and South Korea. China is a significant supplier of adhesive goods (tapes, labels, etc.), and the majority of its clients are concerned with product quality, product range supplied by the vendor, and decreasing adhesive dosage and wastage. As a result, multinational firms now dominate the Chinese market for pressure-sensitive adhesives.

Category-Wise Insights

Why are Acrylic Pressure Sensitive Adhesives Preferred?

The market for acrylic pressure-sensitive adhesives is predicted to grow at a CAGR of about 5% until 2031, projects Fact.MR. The increased demand for lightweight and low-emission automobiles, as well as the increasing usage of low-cost flexible packaging aids, is majorly spurring adoption.

Additionally, acrylic pressure sensitive adhesives are polar, meaning it tends to easily latch on to substrates such as glass, metals, polyesters, polycarbonates and neoprene among others. This enhanced adhesion property is what is increasing its popularity.

Will Polypropylene-based Adhesives Gain Momentum?

Because of their low cost, the majority of packing tapes are made with extruded polypropylene carriers and a pressure-sensitive adhesive. A CAGR of around 6% is projected for this segment.

Polypropylene tapes, which are commonly available in clear or buff colors, are also available in a variety of colors, notably in the high-capacity rolls used in case taper systems. Hence, polypropylene's use as a backing material is driving market growth.

Competitive Landscape

Prominent players in the global market for pressure sensitive adhesives rely on strategic collaborations, new product launches and acquisitions of existing players, amongst some of their prominent expansion strategies.

  • For instance, 3M Company offers the 3MTM Pressure Sensitive Spray Adhesive 72- a permanently tacky industrial grade spray adhesive, which offers an aggressive hold that bonds plastic, foam paddling and carpet backing among other substrates
  • Similarly, Tesa SE has introduced a range of pressure sensitive adhesives for electric vehicles. These adhesive tapes offer robust permanent bonding of battery cells and insulation of electronic components

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Japan
  • China
  • South Korea
  • India
  • ASEAN
  • GCC
  • South Africa
  • Israel

Key Market Segments Covered

  • Resin Type
  • Backing Material
  • Application 
  • Region

Key Companies Profiled

  • 3M Company
  • Tesa SE
  • Nitto Denko Corporation
  • LINTEC Corporation
  • BASF SE
  • Lohmann GmbH & Co. KG
  • Exxon Mobil Corporation
  • Scapa Group PLC

Pricing

Available upon Request

Key Segments Covered

  • Resin Type

    • Acrylic-based Pressure Sensitive Adhesives
    • Rubber-based Pressure Sensitive Adhesives
    • Other Pressure Sensitive Adhesive Types
  • Backing Material

    • Polypropylene-based Pressure Sensitive Adhesives
    • Paper-based Pressure Sensitive Adhesives
    • Polyvinyl Chloride-based Pressure Sensitive Adhesives
    • Other Backing Material-based Pressure Sensitive Adhesives
  • Applications

    • Pressure Sensitive Tapes
    • Pressure Sensitive Labels
    • Pressure Sensitive Hygiene Adhesives
    • Pressure Sensitive Graphic Films
    • Pressure Sensitive Medical Adhesives
    • Pressure Sensitive Adhesives for Other Applications

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- FAQs -

As of 2020, the worldwide pressure sensitive adhesives market was estimated to be worth US$ 51 Bn

As of 2031, sales of pressure sensitive additives will be valued at US$ 93 Bn

From 2021 to 2031, Fact.MR anticipates the global pressure sensitive additives industry to surge at over 6% CAGR

From 2016 to 2020, the global market for pressure sensitive additives expanded at a CAGR of around 3%

Extensive applications across the automotive & packaging industries will pivot future pressure sensitive adhesives uptake

The rising development of low-cost flexible packaging is a major driver driving the market

As of 2020, demand for pressure sensitive additives generated over 25% of total revenue in the U.S market

Economies such as China, India, Japan and South Korea are expected to yield 80% of total revenue

The market for pressure sensitive adhesives in the U.K is expected to grow at over 6% CAGR through 2031

Over 50% of the demand for pressure-sensitive adhesives is met by Asia.

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