The report "Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, Silicone), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Healthcare) Region - Global Forecast to 2027", is projected to grow from USD 13.2 billion in 2022 to USD 16.9 billion by 2027, at a CAGR of 5.1% between 2022 and 2027. The market is witnessing healthy growth, and the trend is expected to continue in the long term. The market for PSAs is mainly driven by the growing packaging, automotive transportation, medical healthcare, and electrical, electronics, and telecommunication industries. The industry scenario hints at making huge investments by major market players to serve the increasing demand from emerging countries.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1135
Browse in-depth TOC on "Pressure Sensitive Adhesives Market"
267 - Tables
53 - Figures
264 – Pages
Tapes is the largest application segment of the overall pressure sensitive adhesives market.
The tapes segment accounts for the largest share, in terms of value, of the overall pressure sensitive adhesives market. PSA tapes are of various types based on the technological developments and requirements of the application, namely, single-coated, double-coated, reinforced, and unsupported. Single-coated PSA tapes have adhesives applied to only one side of the backing.
Double-coated PSA tapes have adhesive applied to both sides of the backing. The PSA is coated on both sides of the carrier, which is typically a polymeric film such as 0.5 mil polyester. Examples of double-coated tapes include mounting, medical, and membrane switch tapes.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1135
Medical Healthcare is the fastest-growing end-use industry segment of the overall pressure sensitive adhesives market.
PSAs have prime importance in the medical healthcare industry and are extensively used in hospitals. These medical products include PSA transfer tapes and single-coated double-coated PSA tapes. Adhesive transfer tapes and double-coated tapes are mostly used in medical device OEMs to adhere to medical devices, strips, and pouches. These products are associated with medical diagnosis and waste management. Single-coated PSAs are used as bandages, medical tapes, wound closure tapes, surgical tapes, and skin attachments for electrodes, IV dressings, and medical sensors.
Labels serve in inventory management, waste management, and find their use in the labeling of medical products where clarity and permanent adhesion are needed. In the healthcare equipment industry, specialty tapes are applied on surgical containers, monitoring electrodes, and other medical devices. Medical tapes and adhesive plasters are a few of the PSAs used in the medical industry.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1135
China is the largest pressure sensitive adhesives market in Asia Pacific during the forecast period.
China is the largest market for PSAs in the Asia Pacific, with many key market players investing in the country to build new manufacturing facilities and distribution networks. The major industries in China are manufacturing, electronics, and telecommunication services. China exports manufacturing goods.
The spectrum of Chinese goods includes iron, steel, aluminum, textiles, cement, chemicals, toys, electronics, rail cars, ships, aircraft, and others. The other important industries include textiles, cement, railway, petroleum, aerospace, automotive, chemicals, mining, and consumer and industrial goods. The factors driving the Chinese economy are the upper-middle class population and the booming service sector. The industrial environment in China is favorable for the growth of the PSA market.
The key players profiled in the pressure sensitive adhesives market report are Henkel AG Co. KGaA (Germany), The Dow Chemical Company (US), Avery Dennison Corporation (US), H.B. Fuller Company (US), and 3M (US).
For More Insights on Pressure Sensitive Additives Market- https://www.prnewswire.com/news-releases/pressure-sensitive-adhesives-market-worth-16-9-billion-by-2027---exclusive-report-by-marketsandmarkets-301675499.html
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062