Pune, India -- (SBWire) -- 11/29/2018 --Market Highlights
Pressure sensitive adhesives are non-metallic material used to bond different materials mainly to their surface through adhesion and cohesion. Growing trends of bio-based pressure sensitive adhesives drive the growth of the market. Additionally, increasing demand from various end- use industries increase the demand of the market. However, fluctuating and high prices of raw materials, may hamper the growth of the market. Global pressure sensitive adhesives market appears to be highly fragmented and competitive. The key strategies traced from the analysis of recent developments of the key players include product launch, agreement & partnership, acquisition and expansion.
On the basis of regions, Asia Pacific region dominates the global pressure sensitive adhesives market, and is expected to grow at the highest CAGR during the forecast period. Rapid growth in automotive & packaging industry in Asia Pacific region is the major factor driving the growth of the market. Additionally, growth in demand in electrical & electronics industry also fuels the growth of the market. North America is the second largest market for the pressure sensitive adhesives.
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Global pressure sensitive adhesives market is projected to grow at the CAGR of 6.1% during the forecast period.
Scope of the Report
This study provides an overview of the global pressure sensitive adhesives market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global pressure sensitive adhesives market by its technology, product, End-User and region.
By Technology
Water-based
Solvent-based
Hot Melt
Radiation
By Product
Labels
Tapes
Graphics Films
Others
By End-User
Packaging
Automotive
Electrical & Electronics industry
Consumer Goods
Others
By Region
North America
Asia Pacific
Europe
Rest of the World
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Pressure Sensitive Adhesives Market - Segmented by Technology, Product, End-User and Geography - Growth, Trends, and Forecast (2018-2023)