The global pressure sensitive adhesives market size is expected to reach USD 16.71 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2023 to 2030. Rising demand from packaging industry is predicted to drive the Pressure Sensitive Adhesive (PSA) market growth. Water-based PSAs, also known as emulsion PSA, led the market in 2022. The environmentally friendly nature of these PSAs coupled with compliance with government regulatory bodies, such as Environmental Protection Agency (EPA), is the crucial factor supporting the segment growth.
Pressure Sensitive Adhesives Market Report Highlights
- Water-based technology led the market in 2022. These products are eco-friendly, which is a significant factor driving the segment growth
- Tapes segment led the market in 2022. Increasing demand for carton sealing from the packaging industry and its increasing usage in automotive assembly is the major factor driving the segment
- In terms of revenue, graphic films are estimated to register the fastest CAGR of over the forecast period. Increasing demand for vehicle graphics and advertising graphics will stimulate the segment growth
- Silicone-based adhesive formulations are estimated to expand at the fastest CAGR owing to excellent weather resistance and long-term durability offered by these formulations
- Asia Pacific led the global PSAs market in 2022 owing to extensive product demand and manufacturing activities in the region
- 3M Company, Henkel, and Avery Dennison are the dominant industry participants owing to their wide product portfolio and significant integration in the manufacturing process
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Pressure-sensitive adhesive (PSA) is a type of adhesive that adheres to a surface when pressure is applied, without requiring any heat or solvent.It is a clean and efficient adhesive that requires no messy cleanup or special equipment. PSA is made from a combination of polymers, tackifiers, and other additives that give it its unique properties. It is known for its high level of tackiness, which means that it can adhere strongly to a surface even with a light amount of pressure. This makes it a popular choice for a variety of products, such as tapes, labels, stickers, and other adhesive materials. One of the benefits of PSA is that it is easy to use and can be applied to a wide range of surfaces, including paper, plastic, metal, and even fabric. It also provides a strong, reliable bond that can withstand a variety of environmental conditions, such as temperature and humidity changes. Overall, the pressure-sensitive adhesive is a valuable type of adhesive that is used in a wide range of products and applications. Its unique properties make it a popular choice for many industries, and ongoing research and development are helping to improve its performance and expand its potential uses.
The pressure sensitive adhesive (PSA) market was seeing several developments, including new product launches and strategic partnerships. One trend was the increased demand for sustainable and eco-friendly PSAs. Many companies were launching new products made from renewable materials, such as bio-based or recycled content.Another development was the growing use of PSAs in the medical industry. With the COVID-19 pandemic driving up demand for medical supplies and devices, PSAs were being used more frequently in applications such as wound dressings, diagnostic tests, and medical tapes. Overall, the pressure sensitive adhesive market was seeing ongoing innovation and growth in a variety of industries, driven by demand for sustainable and high-performance adhesives.
Radiation cured PSAs are estimated to witness the fastest CAGR over the forecast period. They are typically based on acrylic formulations and provide an ideal solution combining balanced performance, good weather resistance, and advantageous processing. New product launches along with extensive R&D in radiation cured technology are expected to propel the segment growth over the forecast period. Packaging industry, especially food packaging, is one of the most significant end-use industries. PSA labels and tapes help maintain the brand image of the packaged product and are compatible with numerous substrates and coatings.
They offer significant advantages, such as instant bonding and user-friendly application. In the automotive industry, labels play an important role in the supply chain of a car. Majority of the total automotive labels are applied on the automotive parts before car assembly in the supply chain. Several numbers are stamped on pieces of metals and parts to aid in automotive assembly. Apart from labeling, these tapes are used in the assembly of interior vehicle components like dashboards, glass, mirrors, fabric, and carpet.
In the construction industry, higher bonding speed, longer durability, extreme weather resistance, and user-friendly features of acrylic tapes play a crucial role. Acrylic construction tapes are an eco-friendly option as they produce minimal off-gases and fumes. With stringent environmental codes and regulations in the construction industry, PSA high-performing tapes are expected to emerge as the ideal choice for architects and builders.
Pressure Sensitive Adhesive Market Insights By Region
Asia Pacific dominated the market and also estimated to be the fastest-growing regional market over the forecast period. Rapidly expanding manufacturing sector and increasing foreign investments in the region are expected to play a key role in regional market growth. With increased corporate emphasis and government spending on emerging technologies, innovation, novel materials, and sustainability, PSAs based on UV/EB technology are anticipated to expand at a rapid pace in North America. Europe witnessed a stronger demand for construction tapes and Germany, France, and U.K. led the regional market, in terms of product consumption. Recovery of industrial production in Brazil after a period of recession is anticipated to boost the market growth in the country.
Competitive Analysis By Major Brands
3M Company, Avery Dennison, and Henkel are the global leaders in the market owing to their high expertise, extensive product portfolio, and continuing strategic initiatives like acquisition and new product launches. These companies are highly integrated in their manufacturing operations. Some prominent players in the global pressure sensitive adhesives market include:
- B. Fuller
- Henkel AG & Co., KGaA
- Bostik S.A.
- 3M
- Sika AG
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Pressure Sensitive Adhesives Market Segmentation
Grand View Research has segmented the global pressure sensitive adhesives market on the basis of technology, product, end-use, adhesive chemistry, and region:
- Pressure Sensitive Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Pressure Sensitive Adhesives Chemistry Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Pressure Sensitive Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Pressure Sensitive Adhesives End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Pressure Sensitive Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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