APAC Pressure Sensitive Adhesives Market will gain $4.5 billion by 2024
SELBYVILLE, Del., June 25, 2018 /PRNewswire-iReach/ -- Packaging Pressure Sensitive Adhesives Market segment will hold the highest market share close to 30% by 2024 while Electronics & laminates segment will grow at a highest CAGR to surpass USD 3.3 billion by the end of the forecast period.
Global Pressure Sensitive Adhesives Market size will likely surpass USD 11 billion by 2024. Increasing raw material prices for natural and synthetic rubber, acrylate monomers, organic and inorganic chemicals used in the production of PSA tapes may be considered as a restraint for the pressure sensitive adhesives market. Pricing and availability of these raw materials are the prominent factors upon which the product cost structure is decided. Most of the aforesaid raw materials are petroleum derivatives, and susceptible to fluctuations in oil prices. These factors may act as barriers in the pressure sensitive adhesives market growth.
Considering products, the pressure sensitive adhesives market is bifurcated into silicone, acrylic, rubber-based, and others, which include polyurethanes, EVA, etc. Silicone pressure sensitive adhesive market will grow at a lucrative rate owing to the product's increasing use in medical applications and personal garments. The acrylic segment is said to showcase moderate growth and surpass USD 2.5 billion by 2024.
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Development in food & beverage industry and increasing packed food consumption will positively influence the labels segment in the pressure sensitive adhesives market. It is the fastest growing segment and will exhibit growth with CAGR of over 6% in the forecast spell.
Pressure sensitive adhesives market is classified on the basis of region where Asia Pacific held a significant share in 2016 and will surpass USD 4.5 billion by the end of the forecast period. In terms of volume the region will hold the highest share by 2024 owing to rising industrial activities and development in the packaging, electronics, and food & beverages industry. Europe market will showcase growth at a sluggish rate in the forecast period due to the developed market in this region paired with the stringent governmental norms.
Key players present in the pressure sensitive adhesives market are Dow Corning, Sika, 3M, Henkel, Arkema, H B Fuller, Avery Dennison, BASF, Bostic, Ashland, Mapei, Evonik, LG Chem, Wacker Chemie, Momentive and others.
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Chapter 2. Executive Summary
2.1. Pressure sensitive adhesives market 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Product trends
2.1.4. Application trends
2.1.5. End-user trends
2.1.6. Regional trends
Chapter 3. Pressure Sensitive Adhesives Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material analysis
3.5. Technology landscape
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Growth in the packaging industry
3.6.1.2. Increasing use of tapes and labels in automotive & transportation sector
3.6.1.3. Ease of application creating a wide acceptance
3.6.1.4. Advancement in PSA tape technologies
3.6.2. Industry pitfalls & challenges
3.6.2.1. Increasing raw material prices
3.6.2.2. Recycling issues with PSA
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape
3.9.1. Company market share, 2016
3.9.2. Strategic dashboard
3.9.3. Patent analysis
3.10. Porter's analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Regional price trends
3.12. PESTEL analysis
Browse key industry insights spread across 300 pages with 492 market data tables & 28 figures & charts from the report, "Pressure Sensitive Adhesives Market Size By Technology (Water-based, Solvent-based, Hot-melt, UV-cured), By Product (Rubber-based, Acrylic, Silicone), By Application (Tapes, Labels, Graphics, Films & Laminates), By End-user (Food & Beverage, Packaging, Electronics & Laminates, Medical & Healthcare, Building & Construction, Automotive & Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pressure-sensitive-adhesives-market
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