Market News: Pressure Sensitive Adhesives Market worth $8,501.06 Million by 2020


Posted October 13, 2015 by williamfeders

Pressure sensitive adhesives: A projected value of $8,501.06 Million by 2020, signifying an annualized growth of 6.15% between 2015 and 2020.

 
Pressure sensitive adhesives: A projected value of $8,501.06 Million by 2020, signifying an annualized growth of 6.15% between 2015 and 2020.

The PSA market witnessed a significant growth in the recent years, and this growth is projected to persist in the coming years. PSA are those which 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 PSA are acrylics, silicone, and rubber. Other formulations include polyurethane, vinyl acetate, epoxy, and SBS. In terms of end-use applications, the major markets for PSA are tapes and labels, while graphics accounts for a small amount of market share.

Browse 103 market data tables and 59 figures spread through 153 pages and in-depth TOC on “Pressure Sensitive Adhesives Market by Technology Types (Water Based, Solvent Based, Hot Melt & Radiation), by Applications (Industrial Tapes, Specialty, Medical Tapes and Others), and by Region - Global Trends & Forecasts to 2020"
http://www.marketsandmarkets.com/Market-Reports/pressure-sensitive-adhesives-market-1135.html
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Currently, Asia-Pacific is the biggest market of PSA, accounting for nearly 55.07% of the total market size in terms of value in 2014. Among all the countries, China dominates the pressure sensitive adhesives market, which accounted for the maximum market share in 2014 followed by the U.S. Water-based PSA is the largest used technology in manufacturing of PSA. The matured European market has comparatively below average market growth in terms of consumption. The European PSA market is expected to show the lowest CAGR of 2.61% between 2015 and 2020.

On the basis of applications, the PSA market is further categorized into industrial tapes, specialty tapes, medical tapes, labels, graphics, and others. The growth in applications is primarily driven by growing demand from the Asia-Pacific region particularly from China.

The major players of PSA include 3M (U.S.), Avery Dennison (U.S.), Ashland Inc. (U.S.), H.B. Fuller Co. (U.S.), The Dow Chemical Company (U.S.), Henkel Ag (Germany), Dow Corning (U.S.), Collano Adhesives AG (Switzerland), Novamelt (U.S.) and Bostika S.A.(France

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Issued By william feders
Phone 1-888-600-6441
Business Address UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India
Country India
Categories Business , Industry , Research
Tags hot melt adhesives market , pressure sensitive adhesives market , solventbased adhesives market , waterbased adhesives market
Last Updated October 13, 2015