North America Pressure Sensitive Adhesives Market - Segmented by Technology, Resin Type, Application, Mode of Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

North America Pressure Sensitive Adhesives Market - Segmented by Technology, Resin Type, Application, Mode of Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

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The North America Pressure Sensitive Adhesives market is expected to grow at a steady pace during the forecast period, 2018 to 2023. The United States is estimated to lead the market owing to its growing packaging and Aerospace industry.

Low-Cost Flexible Packaging Driving the Market

North America is stagnated market, hence, the usage of Low-cost flexible packaging has established itself as the most sought after form in the packaging industry. The demand for low-cost flexible packaging has been consistently increasing in North America, owing to its large food exports and growth in the food-processing sector. The PSA manufacturers are engaged in the manufacturing of easy to use and environmentally friendly products. Many of the United States companies use its patented products, which are suitable for baked goods, cheese, and meat packaging. The company offers re-sealable packaging adhesives, combined with their patented, which gives benefits to both customers and food manufacturing companies. As packaging industry along with food & beverage industry is growing in the region, therefore, all these aforementioned factors are expected to drive the North American pressure sensitive Adhesives (PSA) market during the forecast period.

Water-Borne Pressure Sensitive Adhesives to Dominate the Market

Water-borne Pressure Sensitive Adhesives (PSAs), use water as a solvent, provide a wide array of performance advantages, like better chemical and heat resistance in comparison to other categories. These are highly used in tapes and labels where water is retained and not absorbed by coating. Packaging, Aerospace & construction industries are growing in North America, where the application of water-borne pressure sensitive adhesive is largest. Water-borne adhesives show a promising future as versatile products and do not cause VOC emissions; they are environment-friendly, thus, the United States EPA and REACH in North America approve their usage. Therefore the market of water-borne PSA is growing in the region.

                                      

The United States Dominates the Market

The pressure sensitive adhesives market in the United States is the largest market in North America region, which is estimated to expand at a moderate rate for 2018. The United States has witnessed a constant increase in the use of pressure sensitive adhesives in the recent years, owing to the significant growth of the packaging sector & aero sector, which is the major end-user of the pressure sensitive adhesives market. Packaging sector and construction industry are growing in the United States at a steady pace. The electronics market in the United States is the largest market in terms of size, and it is expected to remain the leading market because of the advanced technology and R&D, along with increasing demand from the consumers. The country’s consumption for pressure sensitive adhesives is expected to grow further as the markets for footwear and textile have increased in the recent years. Therefore, the overall market for pressure sensitive adhesives is expected to have higher growth in the country as its end-user industries are showing a positive growth.

Notable Developments in the Market

  • December 2017: Henkel had acquired Darex Packaging Technologies business, a supplier of high-performance sealants and coatings, for USD 1.05 billion

Major Players: Sika, Henkel, 3M, Arkema Group, DowDuPont, H.B. Fuller Co., and among others.

Reasons to Purchase this Report

  • To understand the impact of end-user applications on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating technology in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

              1.1 Research Phases

              1.2 Scope of the Market

              1.3 Study Deliverables

2. Executive Summary

3. Market Insights

              3.1 Industry Value Chain Analysis

              3.2 Industry Attractiveness - Porter's Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

4. Market Dynamics

              4.1 Drivers

                             4.1.1 Shifting Focus to Low-Cost Flexible Packaging

                             4.1.2 Increasing Demand for Light Weight Vehicles

              4.2 Restraints

                             4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

                             4.2.2 Other Restraints

              4.3 Opportunities

                             4.3.1 Recovering Repair Construction Industry

                             4.3.2 Growing Aerospace Industry

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

              5.1 By Resins

                             5.1.1 Acrylics

                             5.1.2 Silicones

                             5.1.3 Elastomers

                             5.1.4 Other (PU, Epoxies, Vinyl Acetates, etc.)

              5.2 By Technology

                             5.2.1 Water-Borne

                             5.2.2 Solvent-Borne

                             5.2.3 Hot Melt

                             5.2.4 Radiation Cured

              5.3 By Application

                             5.3.1 Tapes

                             5.3.2 Labels

                             5.3.3 Graphics

                             5.3.4 Others

              5.4 By Mode of Application

                             5.4.1  Permanent

                             5.4.2  Removable

              5.5 By End-user Industry

                             5.5.1 Trnsportation

                             5.5.2 Building and Construction

                             5.5.3 Paper, Board, & Packaging

                             5.5.4 Woodworking & Joinery

                             5.5.5 Footwear and Leather

                             5.5.6 Electrical & Electronics

                             5.5.7 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

              6.1 United States

              6.2 Canada

              6.3 Mexico

              6.4 Rest of North America

7. Competitive Landscape

              7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

              7.2 Market Share Analysis**

              7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

              8.1 3M

              8.2 Adhesives Research Inc.

              8.3 Arkema

              8.4 Ashland LLC

              8.5 Avery Dennison Corporation

              8.6 BeardowAdams Inc.

              8.7 DowDuPont

              8.8 Drytac

              8.9 Dymax Corporation

              8.10 Franklin International

              8.11 H.B. Fuller

              8.12 Henkel AG & Co. KGaA

              8.13 Huntsman Corporation

              8.14 MAPEI

              8.15 Master Bond

              8.16 Pidilite

              8.17 Sika AG

              8.18 Wisdom Adhesives Worldwide

              *List Not Exhaustive

9. Disclaimer

**Subject to availability on public domain

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