Pressure Sensitive Adhesives (PSA) Market Size (2024 - 2029)

Pressure Sensitive Adhesives Market Analysis

The Pressure Sensitive Adhesives Market size is estimated at USD 11.29 billion in 2024, and is expected to reach USD 15.25 billion by 2029, growing at a CAGR of 6.21% during the forecast period (2024-2029).

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

• The major factor driving the market studied is the increasing development of low-cost, flexible packaging and increasing usage of pressure-sensitive adhesives because of lesser curing time.
• On the flip side, stringent environmental regulations regarding VOC emissions and increasing usage of substitutes like UV-cured adhesives are expected to hinder the studied market's growth.
• The tapes segment dominated the market and is expected to grow during the forecast period. It is owing to the growing end-user industries, such as packaging, medical, and transportation.
• Adopting bio-based pressure-sensitive adhesives and developing nanotechnology-based functional pressure-sensitive adhesives is likely an opportunity in the future.
• Asia-Pacific dominated the global market, with the largest consumption from countries such as China and India.

Pressure Sensitive Adhesives Industry Segmentation

Pressure-sensitive adhesives are types of adhesives that can be cured upon application of pressure. In pressure, the adhesives get solid and bond to the substrates required. The pressure-sensitive adhesives market is segmented by technology, resin, application, end-user industry, and geography. The market is segmented by technology into waterborne, solvent-borne, hot melt, and radiation cured. The market is segmented by resin type into silicone, acrylic, elastomer, and other resin types. The market is segmented by application into tapes, labels, graphics, and other applications. By end-user industry, the market is segmented into packaging, woodworking and joinery, medical, commercial graphics, transportation, electronics, and other end-user industries. The report also covers the market size and forecasts for the pressure-sensitive adhesives market in 15 countries across major regions. The report offers market size and forecasts for the pressure-sensitive adhesives market in revenue (USD) for all the above segments.