Pressure Sensitive Adhesives Market Dynamics, Specifications
and Competitor Analysis Forecasts To 2024
“The market is driven by the increasing consumption of the product in
construction, consumer goods, automotive, and packaging industries. The
rising requirements for reducing weight in products providing high bonding
solutions is expected to drive market growth.”
Industry Insights
The Global Pressure Sensitive Adhesives Market was valued at USD 8.81 billion in 2015. The market is driven
by the increasing consumption of the product in construction, consumer goods, automotive, and packaging
industries. The rising requirements for reducing weight in products providing high bonding solutions is expected
to drive market growth.
The increasing use of low-cost engineering and lightweight plastics in numerous end-use applications such as
electronics, construction, and automotive is expected to have a positive impact on the PSA market demand. The
low plastic materials are evolving as substitutes for wood assembly, construction material, glass, and heavy
materials.
The demand for PSA in the automotive sector is increasing owing to the pressure for reduction in emission from
regulatory bodies coupled with increased mileage performance is likely to propel market growth. The rising
acceptance of RFID labels (wireless tags) in end-use applications including medical, packaging, architecture, and
automotive on account of their contribution in managing inventory is likely to aid PSA market growth.
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