The high demand of pressure-sensitive adhesives (PSAs) in the automotive, electronics and packaging materials industry is a major factor driving the growth of the global pressure sensitive adhesives market. Reduction of electronic devices, increased adoption of radio frequency identification (RFID) labels for better inventory management, increasing demand for low emission and light weight automotives, flexible packaging materials and low cost of PSAs are some of the major opportunities in the pressure sensitive adhesives market.
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The global pressure sensitive adhesives market can be categorized on the basis of product type, applications and regions. Based on product type, the global pressure sensitive adhesives has been divided into water based PSA, solvent based PSA, hot melt PSA and radiation cured PSA.
Pressure sensitive adhesives (PSAs) are non-metallic materials used to bond different materials, mainly on their surface, through cohesion and adhesion. Heat or water is not required to apply the adhesive.
The pressure sensitive adhesives market has been dominated by Asia-Pacific followed by North America in terms of volume. The countries in Asia-Pacific region do not have strict rules and regulations with respect to VOC emissions, due to which, the solvent-based technologies are growing rapidly in these markets.
The demand for commodities and appliances in the Asia-Pacific region is huge, which is the key driving factor for the PSAs market in applications such as tapes, labels, graphics, and so on etc.
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3M, Avery Dennison Corporation, Ashland, H.B. Fuller, The Dow Chemical Company, Dow Corning Corporation, Collano Adhesives, and Bostika are some of the major competitors in the global pressure sensitive adhesives market.
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