Pressure Sensitive Adhesives Market worth $8,383.7 by 2018

Thursday 24 October 2013, Amsterdam

The report “Pressure Sensitive Adhesives Market by Technology (Water-Based, Solvent-Based, Hot Melt & Radiation), by Application (Industrial Tapes, Specialty Tapes, Medical Tapes, Labels, Graphics & Others) & by Geography - Global Trends & Forecasts to 2018”, defines and segments the global Pressure Sensitive Adhesives market with analysis and forecasting of the global revenue. Pressure Sensitive Adhesives market will grow to $8.4 bn by 2018, with a very high CAGR from 2013 to 2018.

Pressure Sensitive Adhesives market is driven by growing demand for cost effective bonding solutions in tapes and labels. Pressure sensitive adhesives are mainly used in tapes that find wide applications in industries such as medical, marine, automobile, cosmetics, health care, sanitary, and aerospace. These adhesives formulated from acrylics, silicone or rubber also find applications in RFID labels, smart labels, flexible labels, etc. The increase in disposable income, increased tapes requirements and demand for proper medical products are the primary reasons for the rise in demand of pressure sensitive adhesives. Asia-Pacific countries, due to its huge appetite for consumptions of these adhesives are the major growth engines for this market.

The enormous potential of this market is attracting various small and big level industry players. The pressure sensitive adhesives market is experiencing a boom especially in India due to heavy spending on infrastructure and the flourishing manufacturing industry. On account of the growing demand for efficient and environment friendly materials that cause minimal damage to the surrounding, the market will experience an escalation in the demand of pressure sensitive adhesives in the years to come. Moreover, the demand in bio based sustainable adhesives will drive the demand in future.

The adhesives industry players are constantly trying to modify their product line with highly customized and advanced sustainable product lines to remain competitive in the markets. Some of the large players identified in the market are 3M (U.S.), BASF (Germany), Dow (U.S.), Ashland (U.S.), etc.

The report forecasts revenue of the Global Pressure Sensitive Adhesives market and its various submarkets with respect to four main regions viz. North America, Europe, Asia-Pacific, and Rest of the World, which includes Middle East, Africa, and Russia. The countries such as U.S., China, Canada, and Germany were also analyzed.

The report segments the global pressure sensitive adhesives market by major applications namely tapes, labels, and graphics. Also, the types of technology used for the manufacture of these adhesives are discussed along with market numbers and shares. It also focuses on the market metrics such as drivers, restraints, opportunities, and winning imperatives.