HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: October 2013
Report Code: CH 1998

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Pressure Sensitive Adhesives (PSA), as the name suggests are a type of non-structural adhesives that form bond when slight pressure is applied. No use of solvent or heat is required for application of these adhesives. Pressure sensitive adhesives market are catering to a wide range of applications, over the years due to increased innovations in designs of end products, demand for light but strong bonding materials, and products or materials that do not affect the appearance of end products. PSA are generated by using Water-Based, Solvent-Based, Hot Melt, and Radiation Technology.

The key raw materials used in manufacturing of pressure sensitive adhesive are acrylic, polyurethane, silicone, EVA, polyesters, plasticizers, tackifiers, additives, etc. The suppliers of tackifiers include Exxon Mobil Chemicals, Arizona Chemicals, BASF, and others and the suppliers of plasticizers include Dow and others. The pressure sensitive adhesives market is witnessing a significant growth in various industries such as automobiles, electronics, and packaging. The RFID labels that are one of the largest applications of PSA are catering to different applications due to its ability to assist in inventory and security tracking at locations such as airports, companies, sea ports, and shopping malls. The graphics used for decorating automobile as a style statement are made from PSA graphics.

Asia-Pacific continues to be the largest consumer of PSA material due to rapid industrialization and favorable economic conditions. The companies such as 3M, Avery Dennison, Henkel, and The Bemis Company have strong presence in Asia-Pacific pressure sensitive adhesives market.

Japan is the second largest market in PSA material segments. Eco-friendly adhesives are in great demand in the Japanese market. In the recent years, demand for water-based adhesives increased substantially. Petroleum-based adhesives are 15%-20% costlier than petroleum-free adhesives. Petroleum-based adhesives are witnessed to see a slow growth in the future due to rising environmental concerns and companies focusing on sustainable solutions; that is, adhesives made from bio-based materials are going to be the key drivers for the pressure sensitive adhesive market.

The most important restraint to the pressure sensitive adhesives market is the volatility of prices of the raw materials. PSA requires various ingredients such as tackifiers, plasticizers, acrylics, silicone, synthetic rubber, polyurethane etc. that are petroleum-based. The rising oil prices play a major role in driving the cost of these raw material prices.

The PSA market is largely driven by stringent regulatory requirements. PSA manufacturers are trying to comply with local, state, country, and international volatile organic compound standards. In doing so, many adhesive suppliers have shifted the focus of their products from solvent-based adhesives to water-based adhesives in the last few years

The major players in the pressure sensitive adhesives market discussed in the report are 3M (U.S), Avery Dennison (U.S.), H.B Fuller (U.S.), Bostik (France), Franklin Adhesives, Sika (Switzerland), Scapa, and other top players in the market. PSA manufacturing companies are numerous in the world; thus, the market is highly fragmented. Buyers have a lot of choices to obtain the best and most economical products across the globe. There are numerous small, medium as well as large companies in the pressure sensitive adhesive business, which also provides customization solutions .The major applications discussed in the report for PSA are specialty tapes, medical tapes, graphics, labels, etc.

According to Food and Drug Association U.S., some regulations are laid down on the general safety about PSA labels when used in food packaging or storing applications. The PSA tapes and labels can be used in food applications only when it follows a certain set of prescribed conditions.

The pressure sensitive adhesives market is projected to grow at a CAGR of 5.8% from 2013 reaching a volume of 3459.9 kilotons by 2018. Asia-Pacific continues to dominate the market due to flourishing economic conditions, rise in GDP, and availability of optimum resources.

Scope of the Report

  • On the basis of region:
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Others
    • North America
      • U.S.
      • Canada
    • Middle East & Africa & South America
    • Europe
      • Germany
      • Italy
      • France
      • U.K.
      • Others
      • On the basis of Technology used
        • Water-Based
        • Solvent-Based
        • Hot Melt
        • Radiation
      • On the basis of application
        • Industrial Tapes
        • Medical Tapes
        • Specialty Tapes
        • Labels
        • Graphics
        • Others

    Table Of Contents
     
    1 Introduction (Page No. - 19)
      1.1 Key Take-Aways
      1.2 Report Description
      1.3 Research Methodology
          1.3.1 Market Size
          1.3.2 Major Secondary Sources Used
          1.3.3 Key Data Points Taken From Secondary Sources
          1.3.4 Key Data Points Taken From Primary Sources
          1.3.5 Assumptions Made For This Report
      1.4 Stakeholders

    2 Executive Summary (Page No. - 23)

    3 Premium Insights (Page No. - 26)
      3.1 Global PSA Consumption In 2012
          3.1.1 Labels & Tapes: A Growing Market
          3.1.2 Drivers Of Future PSA Labels
          3.1.3 Pressure Sensitive Adhesives: Regional Overview
          3.1.4 2012: Region-Wise Application Scenario

    4 Market Overview (Page No. - 32)
      4.1 Introduction
          4.1.1 Properties Required For PSA
          4.1.2 Important Technologies Used For PSA
                4.1.2.1 Water-Based Pressure Sensitive Adhesives
                4.1.2.2 Solvent-Based PSA
                4.1.2.3 Hot Melt Technology
                4.1.2.4 UV/EB-Cured Technology
          4.1.3 Overview Of PSA
          4.1.4 Raw Materials For Pressure Sensitive Adhesives Production
          4.1.5 Value Chain Analysis
      4.2 Market Dynamics
          4.2.1 Drivers
                4.2.1.1 Wide Range Of Applications
                4.2.1.2 High Demand in Asia-Pacific
                4.2.1.3 Lack Of Acceptance For Petroleum-Based Adhesives
                4.2.1.4 Increase in Bio-Based Adhesives
          4.2.2 Restraints
                4.2.2.1 Rising Raw Material Prices
                4.2.2.2 Economic Cycles
                4.2.2.3 Less Substitute Potential In Terms Of Solvent-Free Adhesives
          4.2.3 Opportunities
                4.2.3.1 Development of Voc-Free Sustainable Products
                4.2.3.2 Use of PSA In Automobiles As A Weight Reduction Strategy
                4.2.3.3 Pressure Sensitive Films and Labels in Developing Markets
          4.2.4 Burning Issues
                4.2.4.1 Stringent Regulations Reshaping the Pressure Sensitive Adhesives Market
          4.2.5 Winning Imperatives
                4.2.5.1 Focus on Growth And Consolidation
                4.2.5.2 Innovative Product Development to Meet Need for Varied Bonding Performance
                4.2.5.3 Increasing Consumer Awareness
          4.2.6 Regulations
      4.3 Porter’s Five Forces Analysis
          4.3.1 Suppliers’ Power
          4.3.2 Buyers’ Power
          4.3.3 Threat Of New Entrants
          4.3.4 Threat Of Substitutes
          4.3.5 Degree Of Competition
     
    5 PSA Market, By Technologies (Page No. - 61)
      5.1 Global Scenario
          5.1.1 Water-Based PSA
          5.1.2 Solvent-Based PSA
          5.1.3 Hot Melt Pressure Sensitive Adhesives
          5.1.4 Radiation-Cured PSA

    6 PSA Market, By Geography (Page No. - 75)
      6.1 Introduction
          6.1.1 North America
                6.1.1.1 U.S.
                6.1.1.2 Canada
                6.1.1.3 Mexico
          6.1.2 Europe
                6.1.2.1 Germany
                6.1.2.2 France
                6.1.2.3 U.K.
                6.1.2.4 Italy
                6.1.2.5 Rest Of Europe
          6.1.3 Asia-Pacific
                6.1.3.1 China
                6.1.3.2 Japan
                6.1.3.3 India
                6.1.3.4 South Korea
                6.1.3.5 Rest Of Asia-Pacific
          6.1.4 Row
                6.1.4.1 Brazil

    7 Pressure Sensitive Adhesives Market, By Applications (Page No. - 117)
      7.1 Global Scenario
          7.1.1 Industrial Tapes
          7.1.2 Specialty Tapes
          7.1.3 Medical Tapes
          7.1.4 Labels
          7.1.5 Graphics
          7.1.6 Others

    8 Competitive Landscape (Page No. - 171)
      8.1 Introduction
          8.1.1 New Product Launches & Expansions
          8.1.2 Maximum Developments In 2013
          8.1.3 Maximum Expansions In Asia-Pacific

    9 Company Profiles (Overview, Financials, Products & Services, Strategy, and Developments)* (Page No. - 184) 
      9.1 3M
      9.2 Adhesives Research Inc
      9.3 Ashland Inc
      9.4 Avery Dennison Corp.
      9.5 BASF SE
      9.6 Bostik SA
      9.7 Collano Adhesives
      9.8 Dow Corning
      9.9 Drytac
      9.10 Franklin Adhesives & Polymers
      9.11 H B Fuller
      9.12 Henkel AG & Company
      9.13 Jesons Industries India
      9.14 Momentive Specialty Chemicals Inc
      9.15 Novamelt
      9.16 Scapa Group PLC
      9.17 Shanghai Jaour Adhesives Products Company
      9.18 Sika AG
      9.19 The Dow Chemical Company
      9.20 Toyoink International

    *Details On Overview, Financials, Product & Services, Strategy, And Developments Might Not Be Captured In Case Of Unlisted Companies.
     

    List Of Tables  (136 Tables) 
     
    Table 1 PSA: Volume, By Geography, 2011 – 2018 (Kilotons)
    Table 2 Pressure Sensitive Adhesives: Market Revenue, By Geography, 2011 – 2018 ($Million)
    Table 3 PSA: Properties Of Raw Materials Used, 2012
    Table 4 West Texas Intermediate: Annual Crude Oil Prices,2011 - 2018 ($/Barrel)
    Table 5 PSA: Price Analysis, By Technologies,2011 – 2018 ($Million/Kiloton)
    Table 6 Water-Based PSA: Market Volume, By Geography,2011 - 2018 (Kilotons)
    Table 7 Water-Based PSA: Market Revenue, By Geography,2011 - 2018 ($Million)
    Table 8 Solvent-Based Pressure Sensitive Adhesives: Market Volume, By Geography,2011 - 2018 (Kilotons)
    Table 9 Solvent-Based PSA: Market Revenue, By Geography,2011 - 2018 ($Million)
    Table 10 Hotmelt PSA: Market Volume, By Geography,2011 – 2018 (Kilotons)
    Table 11 Hot Melt PSA: Market Revenue, By Geography,2011 – 2018 ($Million)
    Table 12 Radiation-Cured PSA: Market Volume, By Geography,2011 - 2018 (Kilotons)
    Table 13 Radiation-Cured PSA: Market Revenue, By Geography,2011 - 2018 ($Million)
    Table 14 North America: Pressure Sensitive Adhesives Market Volume, By Technology,2011 - 2018 (Kilotons)
    Table 15 North America: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 16 U.S.: PSA Market Volume, By Technologies,2011 – 2018 (Kilotons)
    Table 17 U.S: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 18 Canada: Pressure Sensitive Adhesive Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 19 Canada: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 20 Mexico: PSA Market Volume, By Technologies,2011 – 2018 (Kilotons)
    Table 21 Mexico: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 22 Europe: Pressure Sensitive Adhesives Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 23 Europe: PSA Market Revenue, By Technologies,2011 – 2018 ($Million)
    Table 24 Germany: PSA Market Volume, By Technologies,2011 – 2018 (Kilotons)
    Table 25 Germany: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 26 France: PSA Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 27 France: PSA Market Revenue, By Technologies,2012 - 2018 ($Million)
    Table 28 U.K.: Pressure Sensitive Adhesive Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 29 U.K.: PSA Market Revenue, By Technologies,2011 – 2018 ($Million)
    Table 30 Italy: PSA Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 31 Italy: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 32 Rest Of Europe: PSA Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 33 Rest Of Europe: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 34 Asia-Pacific: PSA Market Volume, By Technologies,2011 – 2018 (Kilotons)
    Table 35 Asia-Pacific: PSA Market Revenue, By Technologies,2011 – 2018 ($Million)
    Table 36 China: Pressure Sensitive Adhesives Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 37 China: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 38 Japan: PSA Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 39 Japan: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 40 India: PSA Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 41 India: Pressure Sensitive Adhesives Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 42 South Korea: PSA Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 43 South Korea: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 44 Rest of Asia-Pacific: PSA Market Volume, By Technologies, 2011 - 2018 (Kilotons)
    Table 45 Rest of Asia-Pacific: PSA Market Revenue, By Technologies, 2011 - 2018 ($Million)
    Table 46 Row: Pressure Sensitive Adhesives Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 47 Row: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 48 Brazil: PSA Market Volume, By Technologies,2011 – 2018 (Kilotons)
    Table 49 Brazil: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 50 Others: PSA Market Volume, By Technologies,2011 - 2018 (Kilotons)
    Table 51 Others: PSA Market Revenue, By Technologies,2011 - 2018 ($Million)
    Table 52 PSA: Market Volume, By Applications, 2011 - 2018 (Kilotons)
    Table 53 Pressure Sensitive Adhesives: Market Revenue, By Applications, 2011 - 2018 ($Million)
    Table 54 Industrial Tapes: PSA Market Volume, By Geography,2011 - 2018 (Kilotons)
    Table 55 Industrial Tapes: PSA Market Revenue, By Geography,2011 – 2018 ($Million)
    Table 56 North America: Industrial Tapes Market Volume, By Countries, 2011 - 2018 (Kilotons)
    Table 57 North America: Industrial Tapes Market Revenue, By Countries, 2011 - 2018 ($Million)
    Table 58 Europe: Industrial Tapes Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 59 Europe: Industrial Tapes Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 60 Asia-Pacific: Industrial Tapes Market Volume, By Countries, 2011 - 2018 (Kilotons)
    Table 61 Asia-Pacific: Industrial Tapes Market Revenue, By Countries, 2011 - 2018 ($Million)
    Table 62 Row: Industrial Tapes Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 63 Row: Industrial Tapes Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 64 Specialty Tapes: PSA Market Volume, By Geography,2011 - 2018 (Kilotons)
    Table 65 Specialty Tapes: PSA Market Revenue, By Geography,2011 - 2018 ($Million)
    Table 66 North America: Specialty Tapes Market Volume, By Countries, 2011 - 2018 (Kilotons)
    Table 67 North America: Specialty Tapes Market Revenue, By Countries, 2011 - 2018 ($Million)
    Table 68 Europe: Specialty Tapes Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 69 Europe: Specialty Tapes Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 70 Asia-Pacific: Specialty Tapes Market Volume, By Countries, 2011 - 2018 (Kilotons)
    Table 71 Asia-Pacific: Specialty Tapes Market Revenue, By Countries, 2011 - 2018 ($Million)
    Table 72 Row: Specialty Tapes Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 73 Row: Specialty Tapes Market Revenue, By Countries,2011 – 2018 ($Million)
    Table 74 Medical Tapes: Market Volume, By Geography,2011 - 2018 (Kilotons)
    Table 75 Medical Tapes: Market Revenue, By Geography,2011 - 2018 ($Million)
    Table 76 North America: Medical Tapes Market Volume, By Countries, 2011 - 2018 (Kilotons)
    Table 77 North America: Medical Tapes Market Revenue, By Countries, 2011 - 2018 ($Million)
    Table 78 Europe: Medical Tapes Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 79 Europe: Medical Tapes Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 80 Asia-Pacific: Medical Tapes Market Volume, By Countries, 2011 - 2018 (Kilotons)
    Table 81 Asia-Pacific: Medical Tapes Market Revenue, By Countries, 2011 - 2018 ($Million)
    Table 82 Row: Medical Tapes Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 83 Row: Medical Tapes Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 84 Labels: Market Volume, By Geography, 2011 - 2018 (Kilotons)
    Table 85 Labels: Market Revenue, By Geography, 2011 - 2018 ($Million)
    Table 86 North America: Labels Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 87 North America: Labels Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 88 Europe: Labels Market Revenue, By Countries,2011 - 2018 (Kilotons)
    Table 89 Europe: Labels Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 90 Asia-Pacific: Labels Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 91 Asia-Pacific: Labels Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 92 Row: Labels Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 93 Row: Labels Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 94 Graphics: Market Volume, By Geography,2011 – 2018(Kilotons)
    Table 95 Graphics: Market Revenue, By Geography,2011 - 2018 ($Million)
    Table 96 North America: Graphics Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 97 North America: Graphics Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 98 Europe: Graphics Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 99 Europe: Graphics Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 100 Asia-Pacific: Graphics Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 101 Asia-Pacific: Graphics Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 102 Row: Graphics Market Volume, By Countries,2011 - 2018 (Kilotons)
    Table 103 Row: Graphics Market Revenue, By Countries,2011 - 2018 ($Million)
    Table 104 New Product Launches 2009 – 2013
    Table 105 Geographic Expansions, 2009 – 2013
    Table 106 Joint Ventures, 2010 – 2013
    Table 107 Acquisitions, 2009 – 2013
    Table 108 Others, 2009 – 2013
    Table 109 Supply Contracts, 2009 - 2013
    Table 110 3M: Market Revenue, By Business Segments,2011 - 2012($Million)
    Table 111 3M: Products & Its Applications
    Table 112 Adhesives Research: Products & Its Applications
    Table 113 Ashland: Market Revenue, By Business Segments,2011 - 2012 ($Million)
    Table 114 Ashland: Products & Its Descriptions
    Table 115 Avery Dennison: Market Revenue, By Business Segments,2011 - 2012 ($Million)
    Table 116 BASF: Market Revenue, By Business Segments,2011 – 2012, ($Million)
    Table 117 BASF: Products & Its Applications
    Table 118 Bostik: Products & Its Applications
    Table 119 Collano Adhesives: Products & Its Applications
    Table 120 Dow Corning: Products & Its Applications
    Table 121 Drytac: Products & Its Applications
    Table 122 Franklin: Products & Applications
    Table 123 HB Fuller: Market Revenue, By Operating Segments,2011 - 2012 ($Million)
    Table 124 HB Fuller: Products & Applications
    Table 125 Henkel: Market Revenue, By Business Segments,2011 - 2012 ($Million)
    Table 126 Henkel: Products & Its Applications
    Table 127 Jesons: Product & Its Applications
    Table 128 Momentive: Market Revenue, By Business Segments,2011 - 2012 ($Million)
    Table 129 Momnetive: Products & Its Applications
    Table 130 Novamelt: Products & Its Applications
    Table 131 Scapa: Market Revenue, By Business Segments,2011 - 2012 ($Million)
    Table 132 Scapa: Products & Applications
    Table 133 Sika: Market Revenue, By Business Segments,2011 - 2012 ($Million)
    Table 134 Dow Chemical: Market Revenue, By Operating Segments,2011 - 2012 ($Million)
    Table 135 Dow: Products & Its Applications
    Table 136 Toyoink: Product & Its Applications
     
     
    List Of Figures (21 Figures)  
     
    Figure 1 PSA: Market Volume, By Technologies, Applications & Geography, 2012
    Figure 2 PSA: Market Volume, By Geography, 2012
    Figure 3 Pressure Sensitive Adhesives: Market Volume, By Applications, 2011 – 2018
    Figure 4 PSA: Factors Influencing the Labels Market, 2012
    Figure 5 PSA: Market Drivers, By Geography, 2012
    Figure 6 PSA: Market Demand, By Applications & Geography, 2012
    Figure 7 PSA: Properties of Different Technologies, 2012
    Figure 8 Pressure Sensitive Adhesives: Technology Adoption Life Cycle
    Figure 9 Raw Materials Used
    Figure 10 Applications of PSA
    Figure 11 PSA Market: Impact of Major Drivers
    Figure 12 PSA Market: Impact of Major Restraints
    Figure 13 PSA Market: Impact of Major Opportunities
    Figure 14 Porter’s Five Forces Analysis
    Figure 15 PSA: Market Volume Share, By Technologies, 2012
    Figure 16 Pressure Sensitive Adhesives: Market Revenue Share, By Technologies, 2012
    Figure 17 Global: PSA Market Volume, By Geography,2011 – 2018 (Kilotons)
    Figure 18 PSA: Market Volume Share, By Applications, 2012
    Figure 19 PSA Market: By Growth Strategies, January 2009 – August 2013
    Figure 20 PSA Market: Developments, By Growth Strategies, January 2010 - August 2013
    Figure 21 Pressure Sensitive Adhesives Market: Growth Strategies, By Geography, January 2010 - August 2013

    With the increasing capabilities of pressure sensitive adhesives in tapes and labels, high demand in automotive sector and growing health concerns, strict laws on energy efficiency, growing environmental concerns on Green House Emissions, its global market will witness a strong growth in the future growing at a global CAGR of 5.8% from 2013 to 2018. With tapes and labels leading the market in terms of volume supported by economies of scale, the demand of acrylic formulated water-based pressure sensitive adhesive will remain high in the upcoming years. Asia-Pacific remains the dominant segment in pressure sensitive adhesives market followed by Europe due to increase in applications for labels. In terms of individual countries, India is a fast growing market due to heavy automotive sector and wide range of industries present in the market.

    Also, with the rising environmental concerns and rising raw material prices solvent-based technology that uses petroleum-based solvents is at the verge of extinction due to stringent laws. Hot melt and radiation cured products though costly are the future drivers in the pressure sensitive adhesives markets due to its unique advantages.

    Global Pressure Sensitive Adhesives: Market Share, By Applications, 2012

    Pressure Sensitive Adhesives Market

    Source: MarketsandMarkets Analysis

    Pressure sensitive adhesive form bonds under applied pressure. Water or heat is not required to apply the adhesive. PSA occupy the largest market share in the adhesives business. They are either permanent or removable and can match with a variety of substrates. The major materials used in formulating pressure sensitive adhesive are acrylics, silicone, and rubber. Other formulations include polyurethane, vinyl acetate, epoxy, SBS, etc. In terms of end-use applications, the major markets for PSA are tapes and labels, while graphics holds a small amount of market share.

    The global pressure sensitive adhesive market is witnessing a high growth on account of increasing applications, technological advancements, and growing demand in the Asia-Pacific region. PSA are finding new applications in industries and are replacing conventional bonding methods like riveting, etc. In automobile industries these are fast replacing welds, screws, rivets, gaskets, and fasteners, thus allowing automakers to produce lighter compact vehicles at lower cost by using new materials such as plastic composite and fiber. Pressure sensitive adhesives are finding applications in ever growing medical industry and packaging industry. PSA are formulated by four main technologies such as water-based, solvent-based, hot melt, and radiation cured technology. While the applications include specialty tapes, industrial tapes, labels, graphics, and others.

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