Pressure Sensitive Adhesives Market - Forecast 2021-2026

Pressure Sensitive Adhesives?Market Overview

Pressure Sensitive Adhesives?Market size is forecast to reach US$ 9.5 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026.?Globally, the rising demand for?pressure-sensitive adhesives (PSA)?owing to its thin, flexible?material?with single or double-sided coating in various end-use industries such as packaging, automotive, and electronics is estimated to drive the market growth. The increasing usage of resins such as?silicone polymers,?polyisobutene, and elastomers, generally?synthetic rubber?as the base polymer?owing to its functionality and durability, in various end-use sectors will also substantially drive the demand for?PSAs.?Nitrocellulose adhesive,?hydrogenated hydrocarbon resins,?and?ethylene-vinyl acetate?are the thermoplastic resins generally employed in pressure-sensitive adhesives.?Moreover, the increasing usage of bio-based pressure-sensitive adhesives and advancements in pressure-sensitive adhesive tapes is expected to offer enormous market expansion opportunities and boost the?pressure-sensitive adhesives (PSA)?industry in the projected time frame.

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Key Takeaways

• Asia-pacific region dominated the?pressure sensitive adhesives Market due to the rising government investments in the healthcare, electronics, and construction and infrastructure segments in countries such as China, India, South Korea, and Australia.?
• Current product innovations to improve modulus of elasticity and rigidity are expected to broaden the application range of pressure sensitive adhesives in structural applications and drive the growth of the market in the projected period.
• Rising demand for?silicone polymers based?pressure sensitive adhesive (PSA) in the electronic and medical industry will further drive the growth of the pressure sensitive adhesives market.
• Low adhesive strength provided by the pressure-sensitive adhesives (PSA) would further affect the growth of the market over the forecast period.