In-depth industry statistics and market share insights of the Acrylic Pressure Sensitive Adhesives (PSA) sector for 2020, 2021, and 2022. The Acrylic Pressure Sensitive Adhesives (PSA) research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Acrylic Pressure Sensitive Adhesives (PSA) report PDF.
The pressure-sensitive adhesives market is expected to register a CAGR of over 6% during the forecast period. Major factor driving the market studied is the increasing development of low-cost flexible packaging. On the flip side, stringent environmental regulations regarding VOC emissions are expected to hinder the growth of the market studied.
United Kingdom Pressure Sensitive Adhesive Tapes Market Size And Industry Forecast Report 2023
In-depth industry statistics and market share insights of the Pressure Sensitive Adhesives (PSA) sector for 2020, 2021, and 2022. The Pressure Sensitive Adhesives (PSA) research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Pressure Sensitive Adhesives (PSA) report PDF.
The global Medical Hot Melt Pressure Sensitive Adhesive market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.This report is a detailed and comprehensive analysis for global Medical Hot Melt Pressure Sensitive Adhesive market. Both quantitative and qualitative analyses are presented by manufacturers, by region and country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Pressure Sensitive Adhesive Tape Market Analysis and SizePressure sensitive adhesives (PSA) tapes are used in several applications with new uses which being discovered almosteveryday. Pressure sensitive adhesives (PSA) use will continue to develop as a solution to joining and fastening because of advancement in adhesive technology, its low cost compared to traditional fastening systems and ease of use. The growth in production and an ongoing shift away from the mechanical fasteners toward the tape in the manufacture of many durable goods and electronics and increasing building construction activity are expected to drive the demand of pressure sensitive adhesives (PSA) tapes in the market.
Data Bridge Market Research analyses that the pressure sensitive adhesive tape market is expected to undergo a CAGR of 6.20% during the forecast period. This indicates that the market value, which was USD 10.41 billion in 2021, would rocket up to USD 16.84 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Growth and expansion of buildings and construction industry
Increasing awareness about the benefits of pressure sensitive adhesive tape technique
Rising research and development opportunities
Market Definition
Pressure sensitive adhesive tape is also known as: PSA, self-stick adhesive and self-adhesive, a major category of adhesive tapes. This tape is very thin flexible material with single or double sided coating. PSA will follow to a variety of substrates when applied to most dry and clean surfaces with pressure. Pressure sensitive adhesives do not need heat, solvent, and water to activate the adhesive. The bond is directly influenced by the pressure exerted on the surface adhesive.
Increasing demand in packaging industry
Pressure sensitive adhesive tape are extensively used in the packaging sector. For instance, this tape is used to pack boxes containing fragile products. This tape will remain stick and intact till it reaches to destination without being remove at any point during transportation. Besides, some types of solvents based pressure sensitive adhesive tape can be used in combination with this type of tape, which can make the sealing airtight in containers. The high demand of pressure sensitive adhesive tape in packaging industry are expected to drive the growth of the market.
Highly used in automotive sector
Rising demand for low emission and lightweight automotive are expected to drive the growth of pressure-sensitive adhesives market. Polymer-based and hot adhesives are mostly used for panel trim and laminations in the automotive sector. Rising awareness regarding the low weight vehicles with lower emissions and increased fuel efficiency is further anticipated to drive the demand for pressure sensitive adhesives tape in the market.
Increase the demand of bio-based pressure sensitive adhesives
The demand for bio-based pressure sensitive adhesives is expected to deliver new opportunities during the forecast period. The rise in demand for sustainable solutions worldwide has created a need for bio-based pressure sensitive adhesives. Bio-based pressure sensitive adhesives are compatible with traditional production techniques such as conventional emulsion and mini-emulsion polymerization and thus can be easily manufactured.
Furthermore, the, increasing funds for advancement in technology will further increase several opportunities which will lead to the growth of the pressure sensitive adhesive tape market in upcoming years.
Fluctuation in the price of raw materials
Volatility in cost of raw materials is expected to restrain the growth of the pressure sensitive adhesives market. The growth of pressure-sensitive adhesives market is restricted due to the escalation in price of raw materials which required for the production of pressure sensitive adhesive tape.
Stringent rules regarding manufacture of pressure-sensitive adhesives tape
Strict rules and regulation regarding the manufacture of pressure-sensitive adhesives as it various health issues and exhibit recycling is anticipated to hinder the market growth rate. This factor is limiting the adoption of the pressure-sensitive adhesives in several industries, thus impeding the market growth rate.
This pressure sensitive adhesive tape market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pressure sensitive adhesive tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Pressure Sensitive Adhesive Tape MarketThe automotive sector struggled to survive during the COVID-19 pandemic however, electric cars remained a hopeful spot. Despite numerous challenges, the sales of electrical car was positive during pandemic. The businesses shifting their focus towards lightweight vehicles has surged the demand for advanced pressure-sensitive adhesive tape solutions. Due to their adhesion and different properties, the application of exhibit recycling and tapes is also increasing in the packaging industry.
In February 2020, Henkel Adhesives Technologies had opened its new manufacture facility in Kurkumbh, India, which is near Pune. The unit goals to offer the rising demand for high-performance solutions in sealants, adhesives, and surface treatment products in Indian industries. Designed as a smart factory, the new plant will also help to and meet the highest standards for sustainability and extensive range of Industry 4.0 operations
Global Pressure Sensitive Adhesive Tape Market ScopeThe pressure sensitive adhesive tape market is segmented on the basis of technology, type, resin type, backing material, category and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications. 2ff7e9595c
Comments