Pressure Sensitive Adhesives Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2026

Pressure Sensitive Adhesives Market is estimated to surpass USD 10.5 billion by 2026. Growing technological advancements in pressure sensitive adhesive technologies will positively influence the product demand.

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Some major findings of the pressure sensitive adhesives (PSA) market report include:

  • Development in packaging sector along with surging demand for tapes & labels drives the market growth.
  • Water-based technology held the largest share in 2018 owing to its eco-friendly feature and excellent aging characteristics.
  • In 2018, acrylic-based product dominated the market due to its superior temperature stability, and high resistance to chemicals and UV light.
  • Labels application held a substantial market share in 2018 owing to the growing demand for PSA-based labels in food & beverages.
  • Food & beverage end-user held considerable share in 2018 as there is a rising need for PSA-based labels for containers and frozen food packaging.
  • Major players operating in pressure sensitive adhesives market are Arkema, LG Chem, Sika, Evonik Industries and Henkel.
  • Companies are engaged in expansion and acquisitions for expanding their business operations and gaining profitable growth.

Significant development in PSA technologies to enhance tack performance; and to improve ability to withstand elevated temperatures propels the product demand. R&D investments in PSAs will create ample opportunities in medical and food & beverages industries, further augmenting the market growth. PSAs are widely becoming the preferred bonding solution in different applications, and is gradually replacing mechanical fasteners and liquid & spray adhesives.

Solvent-based technology held a significant share in 2018 owing to their better peel and sheer strength than water-based adhesives. Also, it possesses superior moisture resistance and film protection, which finds usage in tapes and films. However, the product is imposed by strict environmental regulations due to the presence of acrylic solvents, thus depicts a steady CAGR of almost 5% by 2026.

Rubber-based product is projected to register a healthy CAGR above 6% by 2026. It offers exceptional strength and is utilized in the production of high-strength foam bonding tapes and easily removable masking tapes. The product easily adheres to many surfaces such as low energy plastics, including polyethylene and polypropylene.

Graphics application segment will garner considerable share of almost 11% in PSA market by 2026. This is mainly attributed to the growing demand for architectural graphics and vehicle graphics. Pressure sensitive adhesives offer excellent resistance to UV light and weathering which is required in signage or wall decor applications.

Electronics & laminates end-user is estimated to reach around USD 2 billion by 2026. This can be ascribed to the surging consumption of pressure sensitive adhesives-based foam tapes to meet high performance level demand in lens bonding applications. It offers superior adhesion and impact performance which is used in attaching liquid crystal modules.

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Prominent industry players operating in the pressure sensitive adhesives market includes Wacker Chemie, Ashland, Sika, Momentive Performance Materials, 3M, Franklin International, Arkema, Henkel, Evonik Industries, Mapei, H. B. Fuller, DowDuPont, LG Chem, Avery Dennison, Beardow Adams, Powerband Industries; Mactac Performance Adhesive, etc.