Global Pressure Sensitive Adhesive (PSA) Market report published by Reports and Data offers basic details about the market description, market overview, product portfolio, market scope, specifications, top companies, key applications and types, and overall industry overview. The report offers a holistic overview of market share, market size, market growth rate, revenue growth, top companies, drivers, restraints, opportunities, technological advancements, and other key developments of the market.

The global pressure sensitive adhesive (PSA) market size is expected to reach USD 15.98 Billion in 2028 and register a revenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Steady growth in the construction industry and increasing number of construction activities in developing countries are some key factors expected to drive market revenue growth during the forecast period. The construction industry is increasingly utilizing pressure sensitive adhesive as an insulation barrier around doors and windows. Pressure sensitive adhesives prevents water and air from infiltrating the home, which enables enhancing of energy efficiency as well as longevity and durability of buildings. Advancements in design of customer electronics is projected to boost demand for PSAs and drive revenue growth of the market during the forecast period. Increasing demand for electronic devices that are continually decreasing in size and increasing in efficiency and functionality are driving rapid demand for pressure sensitive adhesives. Thermally conductive adhesive tape is specifically used to dissipate heat within electronic products.

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Key Players Profiled in the Report Include:

Henkel AG & Co. KGaA, The Dow Chemical Company, Avery Dennison Corporation, H.B. Fuller Company, The 3M Company, Arkema S.A., Sika AG, Scapa Group, Ashland Global Specialty Chemicals Inc., and Franklin Adhesives & Polymers.

Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)

Tapes

Labels

Films

Others

Composition Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)

Acrylic

Rubber

Ethylene Vinyl Acetate

Silicone

Polyurethane

Others

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Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)

Water-Based

Radiation Cured

Solvent-Based

Hot Melt

Regional Perspective:

The global Pressure Sensitive Adhesive (PSA) market Size has been categorized into several significant regions, such as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. This section of the report analyzes the presence of the global Pressure Sensitive Adhesive (PSA) market across the major regions. It determines the market share, market size, revenue contribution, sales network and distribution channel, and other key elements of each regional segment.

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Some Key Highlights From the Report

  • In August 2020, Henkel Adhesive Technologies announced the establishment of a new, state-of-the-art production area for UV-curable acrylic pressure sensitive adhesives (PSA) at the site in Salisbury, North Carolina. Establishment of the new production facility was to meet rising demand for sustainable UV-curable adhesives for tapes and label applications. Expansion of the existing site will also help the company to broaden its capabilities and to provide more sustainable and innovative pressure sensitive adhesive solutions to label, tape, medical, and graphic films markets.
  • Tapes segment is expected to account for largest revenue share in the global pressure sensitive adhesive market over the forecast period owing to the increasing utilization of pressure sensitive adhesive tapes in the packaging and healthcare industry. The superior flexibility to follow curved surfaces and movement, low skin irritation, and high moisture permeability offered by surgical tapes based on pressure sensitive adhesives are driving revenue growth of this segment.
  • Acrylic segment is expected to register a significantly rapid revenue growth rate over the forecast period. Better heat and oxygen resistance provided by acrylic-based pressure sensitive adhesives is boosting their usage across major industrial verticals. Applications include automotive tapes, wound dressings, durable labels, surgical drapes, pharmaceutical labels, removable and resealable labels, over-laminating films, and vehicle graphics.
  • Water-based segment is expected to account for large revenue share in the global pressure sensitive adhesive market owing to increasing usage of water-based pressure sensitive adhesives in wound dressings, bandages, and medical tapes.

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