Pressure Sensitive Adhesives Market Revenues to Reach USD 15.25 Billion by 2028 - Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

Hyderabad, Aug. 22, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Pressure Sensitive Adhesives Market Report (2023-2028)," the market is estimated at USD 11.29 billion in 2023. It is expected to register a CAGR of 6.21% during the forecast period.

Pressure-sensitive adhesives are a type of adhesive that can be cured by applying pressure. The adhesives, under pressure, become solid and bond to the substrates required.  

Report Summary:

Report AttributeDetails
Market Size (2023)USD 11.29 billion
Market Size (2028)USD 15.25 billion
CAGR (2023-2028)6.21%
Study Period2018-2028
Fastest Growing MarketAsia-Pacific
Largest MarketAsia-Pacific
Forecast UnitsValue (USD billion)
Report ScopeMarket Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends
Key Market DriversThe development of low-cost, flexible packaging.
The low curing time of pressure-sensitive adhesives.

Who are the Top Companies in the Pressure Sensitive Adhesives Market?

The pressure-sensitive adhesives market is highly consolidated, consisting of several market players. The companies are using strategies like new product launches to gain a competitive advantage in the market.

Significant players in the pressure-sensitive adhesives market are,

  • 3M
  • Arkema Group (Bostik SA)
  • Ashland Inc.
  • Avery Dennison Corp.
  • DuPont
  • Franklin International
  • H.B. Fuller Co.
  • Helmitin Adhesives
  • Henkel AG & Co. KGaA
  • Huntsman Corporation
  • Illinois Tool Works Inc.
  • Jowat AG
  • Mapei SPA
  • Master Bond
  • Pidilite Industries Ltd
  • Sika AG
  • Tesa SE (A Beiersdorf Company)
  • Wacker Chemie AG

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Key Highlights from the Pressure Sensitive Adhesives Market Report:

Packaging Industry Driving the Market

  • The packaging industry requires a reliable adhesive to cater to complex packaging demands to meet the growing number of new products.
  • Pressure-sensitive adhesives offer instant bonds as applying them saves time. The curing process is not time-consuming. When applied, the adhesive compresses the substrate right when adhesion occurs. This instant bonding increases processing speed and improves production.

Asia-Pacific to Dominate the Market

  • China, India, Japan, and South Korea occupy over 80% of the demand for pressure-sensitive adhesives. China is the largest packaging consumer worldwide due to its growing per capita income and the establishment of e-commerce giants.
  • In India, the use of pressure-sensitive adhesives has increased with transparent and film labels, flexible labels, and shrink-wrap labels. Therefore, the market in the country is expected to grow significantly.

What are the Latest Developments in the Pressure Sensitive Adhesives Market?

  • In February 2023, Arkema launched pressure-sensitive adhesives using advanced technologies, such as hot melt, UV, and specialty solution acrylics.

Mordor Intelligence has Segmented the Pressure Sensitive Adhesives Market Based on Technology, Resin, Application, End-User Industry, and Geography:

  • By Technology (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Water-based
    • Solvent-based
    • Hot Melt
    • Radiation
  • By Resin (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Acrylics
    • Silicones
    • Elastomers
    • Other Resins
  • By Application (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Tapes
    • Labels
    • Graphics
    • Other Applications
  • By End-user Industry (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Packaging
    • Woodworking and Joinery
    • Medical
    • Commercial Graphics
    • Electronics
    • Other End-user Industries
  • By Geography (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • Italy
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of Middle East & Africa

In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Pressure Sensitive Adhesives Market Report (2023-2028).

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Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.

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Pressure Sensitive Adhesives Market - Mordor Intelligence

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