Pressure Sensitive Adhesives Market, By Technology (Water-based, Solvent-based, Hot Melt, and Radiation), By Product (Labels, Tapes, Graphics Films and Others), End-User (Packaging, Automotive, Electrical & Electronics industry, Consumer Goods and Others) and Region - Forecast To 2023https://www.marketresearchfuture.com/reports/pressure-sensitive-adhesives-market-5210
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Pressure Sensitive Adhesives Market
Forecast to 2023
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Pressure sensitive adhesives are non-metallic materials used to bond different materials, mainly to their surface
through adhesion and cohesion. The global market of pressure sensitive adhesives is booming and is expected to
gain prominence over the forecast period. The global pressure sensitive adhesives market is forecast to
demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a
whooping, digit CAGR of 6.1% during the estimated period (2017 – 2023).
On the basis of regions, global pressure sensitive adhesives market has been segmented as North America,
Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific region dominates the global pressure sensitive
adhesives market. Rapid growth in automotive & packaging industry in Asia Pacific region is the major factor
driving the growth of the market. Rising disposable income among individuals and easy availability of funds and
personal loans, have prompted the demand for automobiles in the region. Additionally, growing demand in
electrical & electronics industry also fuels the growth of the market. China, Japan, India, Australia and Indonesia
are the major markets in Asia Pacific region. China accounts for the largest share of the pressure sensitive
adhesives in the Asia Pacific, mainly due to rapid growth in urbanization and industrial development.
North America is the second largest market for the pressure sensitive adhesives. Stringent regulations regarding
VOC emission along with fuel efficiency norms, drive the growth of the market in the region. U.S. accounted for
the largest market share in North America. Europe is a