Overview of the Global Pressure Sensitive Adhesives Market
As a result of the downsizing of electronic gadgets, the market for pressure-sensitive adhesives is seeing exponential expansion. In addition, the rising demand for light-weighted vehicles leads to an increase in automobile production, which is the key factor driving market expansion.
In addition, the increasing use of sensitive adhesives in tapes and labels and their widespread adoption due to their adaptability are anticipated to drive the market during the forecast period. There are some constraints and obstacles that can impede market expansion. The introduction of very strict government laws on the emission of volatile organic compounds and the increase in the cost of raw materials are among the factors restraining market expansion.
Acrylic pressure sensitive adhesives (PSA) are thermoplastic and can be produced using acrylic monomers and polymers with a low glass transition temperature. These pressure-sensitive adhesives are adaptable, inexpensive, and have improved performance qualities, making them ideal for label applications. Acrylic PSA are polar in nature and adhere well to polar substrates and materials, including as metals, glass, polyesters, polycarbonates, and neoprene. These are the primary market growth drivers for pressure sensitive adhesives. Flexible packaging is the most cost-effective approach for packing, delivering, and storing perishable food, medications, beverages, and other products. Due to increased demand from end customers, the flexible packaging business has undergone tremendous expansion over the past decade. Thus, packaging engineers utilise pressure-sensitive adhesives as a typical technique, as they aid in keeping the packing in place until it reaches its designated spot. All of these reasons increase the need for pressure sensitive adhesives, consequently contributing to the expansion of the global market.
However, fluctuations in the cost of raw materials are likely to hinder the market growth of pressure sensitive adhesives. The growth of the market for pressure-sensitive adhesives is hampered by the rising cost of the raw materials necessary for their production. In addition, a shortage of a critical raw material for the production of water-based and other adhesives is a significant obstacle for the adhesives sector. Few production sites in Europe, the United States, and Asia-Pacific have been shut down as a result of plant failure, accidents, or scheduled maintenance, which has caused a shortage of VAM on the market.
In contrast, a surge in demand for pressure-sensitive adhesives derived from biomaterials is anticipated to create new opportunities during the projected period. Global desire for sustainable solutions has increased the need for pressure-sensitive adhesives derived from renewable resources. Combining a commercially available acrylate with a bio-based monomer chain produces a bio-based pressure sensitive adhesive. About sixty percent of the materials used to manufacture this product are bio-based, and the performance of these adhesives is comparable to that of conventional products. Bio-based pressure sensitive adhesives are compatible with existing production techniques, such as mini-emulsion polymerization and conventional emulsion, and may therefore be made with relative ease.
The global market for pressure sensitive adhesives is analysed based on chemical composition, technology, application, and end use. The market for pressure-sensitive adhesives is segmented by chemical composition into acrylic, rubber, ethylene vinyl acetate, silicone, and polyurethane, among others. The global market for pressure sensitive adhesives is segmented by technology into water-based, radiation-cured, solvent-based, and hot melt adhesives. The study includes tapes, labels, and graphic applications, among others. By end user, the global market for pressure sensitive adhesives is divided into packaging, automotive, healthcare, building & construction, electronics, and consumer products. The market is investigated across the regions of North America, Europe, Asia-Pacific, and LAMEA.
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