$4 Bn, Water-based Pressure Sensitive Adhesives Market by 2024 | Henkel, Evonik, Avery Dennison, 3M, Sika, Arkema, BASF, H.B. Fuller, LG Chem, Ashland, Momentive, bostik

SELBYVILLE, Del., Oct. 25, 2018 /PRNewswire-PRWeb/ -- Regionally Pressure Sensitive Adhesives Market from Asia Pacific held a significant share in 2017 and will surpass USD 4.5 billion by 2024. Globally Pressure Sensitive Adhesives Market is set to hit USD 11 billion by 2024. 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.

North America will display a moderate growth in pressure sensitive adhesives market owing to the mellowed market in this region. In 2016, North American segment accounted for over a fifth of the entire industry whereas European region will grow at a lethargic pace owing to regulations imposed by the government regarding the VOC emissions.

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Top key players mentioned in this pressure sensitive adhesives market report include Henkel, Evonik, Avery Dennison, 3M, Sika, Arkema, BASF, Wacker Chemie, H.B. Fuller, Ashland, Momentive, Dow Corning Corporation, LG Chem, Mapei SpA and Bostik

Pressure sensitive adhesives market is classified based on technology as water-based, solvent-based, hot-melt, and UV-cured. Considering volume, water-based segment held a maximum share in the product market and is said to grow at a significant CAGR to surpass USD 4 billion by the end of 2024. Solvent-based segment will grow at a highest CAGR of over 5.5% in the upcoming years.

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.

Browse key Pressure Sensitive Adhesives Market insights from the 2018 report spread across 300 pages offering 492 market data tables as well as 28 figures & charts along with the table of contents:

https://www.gminsights.com/industry-analysis/pressure-sensitive-adhesives-market

Considering application, pressure sensitive adhesives industry is segmented into films & laminates, graphics, labels, tapes, and others. The others segment consists of dental adhesives, automotive trims, etc. Development in food & beverage industry and increasing packed food consumption will positively influence the labels segment in the market. It is the fastest growing segment and will exhibit growth with CAGR of over 6% in the forecast spell.

According to the end-user industries, pressure sensitive adhesives market is segmented as healthcare & medical, laminates & electronics, packaging, transportation & automotive, construction & building, beverages & food, and others. Packaging segment will hold the highest market share close to 30% by 2024. Electronics & laminates segment will grow at a highest CAGR to surpass USD 3.3 billion by the end of the forecast period.

The criticality of pressure sensitive adhesives market in the packaging sector:
Although regarded as negligent components in the entire manufacturing process, adhesives have gradually acquired a crucial role in ensuring the product packaging remains unscathed till it reaches the customer. Undoubtedly, the packaging sector now requires a reliable range of pressure sensitive adhesives to fulfill the increasingly complex packaging demands being faced by them. Considering the challenges of the packaging sector, numerous pressure sensitive adhesives market players have been focusing on developing less visible adhesives that are more discrete than conventional tapes and safer than glue sticks. Furthermore, these newly released adhesives would assist in preserving the brand image of various manufacturers in the packaging domain, which would eventually boost the growth prospects of the pressure sensitive adhesives industry in the ensuing years.

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Moreover, the growing need to provide accurate information pertaining to the ingredients, health risks, warnings, and several other guidelines on the products has compelled the major PSA market participants to come up with new adhesives that would optimize packaging line operations. As amply evidenced from reliable estimates, the overall packaging segment of the pressure sensitive adhesives industry is likely to command close to 30 percent of the total market share and would register a CAGR of about 6 percent over the period of 2017-2024.

Browse Related Reports:
1. Pressure Sensitive Tapes & Labels Market Size By Backing Material (Polypropylene, Polyvinyl Chloride, Paper, Cloth), By Adhesion Type (Single Sided, Double Sided, Adhesive Transfer), By Product (Tapes, Labels), By End-user (Food & Beverage, Healthcare, Logistics, Automotive & Transportation, General Manufacturing) 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), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Global Pressure Sensitive Tapes & Labels Market Size was estimated close to USD 90 billion in 2016 and will exhibit growth by a CAGR of over 6.5% up to 2024. Read more at
https://www.gminsights.com/industry-analysis/pressure-sensitive-tapes-and-labels-market

2. Packaging Materials Market Size By Material (Paper & Cardboard, Rigid Plastic, Metal, Flexible Plastic, Glass, Wood, Textile), By Product (Bottles & Cans, Containers & Jars, Bags, Pouches, & Wraps, Closures & Lids, Boxes & Crates, Drums & IBCs), By End-user (Food, Beverage, Healthcare, Cosmetics, Household Products, Chemicals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, Kuwait, Qatar, South Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Global Packaging Materials Market size was estimated over USD 900 billion in 2016 and will exhibit growth by a CAGR of over 3% up to 2024. Read more at
https://www.gminsights.com/industry-analysis/packaging-materials-market

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