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

The Pressure Sensitive Adhesives market is projected to experience significant growth over the forecast period, driven by the increasing demand for low-cost, flexible packaging and the advantages of shorter curing times associated with these adhesives. Despite challenges such as stringent environmental regulations and the rise of substitutes like UV-cured adhesives, the market is expected to expand, particularly in the tapes segment, which benefits from the growth of end-user industries such as packaging, medical, and transportation. Opportunities for future growth include the adoption of bio-based adhesives and advancements in nanotechnology. The Asia-Pacific region leads in market consumption, with substantial contributions from countries like China and India.

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Market Size of Pressure Sensitive Adhesives (PSA) Industry

Pressure Sensitive Adhesives (PSA) Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 11.29 Billion
Market Size (2029) USD 15.25 Billion
CAGR (2024 - 2029) 6.21 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Pressure Sensitive Adhesives (PSA) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Technology
Water-based
Solvent-based
Hot Melt
Radiation
Resin
Acrylics
Silicones
Elastomers
Other Resins
Application
Tapes
Labels
Graphics
Other Applications
End-user Industry
Packaging
Woodworking and Joinery
Medical
Commercial Graphics
Transportation
Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Pressure Sensitive Adhesives (PSA) Market Size Summary

The pressure-sensitive adhesives market is poised for significant growth, driven by the increasing demand for low-cost, flexible packaging solutions. These adhesives are favored for their quick rework capabilities and instant bonding properties, which enhance processing speed and maintain brand image without compromising packaging aesthetics. The market is experiencing a shift towards flexible packaging, fueled by the rise of e-commerce and the need for lightweight, space-efficient, and durable packaging solutions. This trend is particularly evident in emerging economies, where economic expansion and the food and beverage industry's growth are boosting the demand for flexible packaging and, consequently, pressure-sensitive adhesives.

Asia-Pacific stands out as the dominant region in the pressure-sensitive adhesives market, with China and India leading in consumption due to their burgeoning packaging industries. The region's growth is supported by the increasing demand for tapes and labels, driven by the expanding e-commerce sector and rising per capita income. The market is characterized by a high level of consolidation, with major players like 3M, Arkema, DuPont, HB Fuller, and Henkel AG & Co. KGaA holding significant market shares. Despite challenges such as stringent environmental regulations and the emergence of substitutes like UV-cured adhesives, the market is expected to continue its upward trajectory, supported by innovations in bio-based and nanotechnology-based adhesives.

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Pressure Sensitive Adhesives (PSA) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Development of Low-cost Flexible Packaging

      2. 1.1.2 Increasing Usage of PSA Because of Lesser Curing Time

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 1.2.2 Increasing Usage of Subsitutes like UV Cured Adhesives

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Technology

      1. 2.1.1 Water-based

      2. 2.1.2 Solvent-based

      3. 2.1.3 Hot Melt

      4. 2.1.4 Radiation

    2. 2.2 Resin

      1. 2.2.1 Acrylics

      2. 2.2.2 Silicones

      3. 2.2.3 Elastomers

      4. 2.2.4 Other Resins

    3. 2.3 Application

      1. 2.3.1 Tapes

      2. 2.3.2 Labels

      3. 2.3.3 Graphics

      4. 2.3.4 Other Applications

    4. 2.4 End-user Industry

      1. 2.4.1 Packaging

      2. 2.4.2 Woodworking and Joinery

      3. 2.4.3 Medical

      4. 2.4.4 Commercial Graphics

      5. 2.4.5 Transportation

      6. 2.4.6 Electronics

      7. 2.4.7 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 Italy

        4. 2.5.3.4 France

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

Pressure Sensitive Adhesives (PSA) Market Size FAQs

The Pressure Sensitive Adhesives Market size is expected to reach USD 11.29 billion in 2024 and grow at a CAGR of 6.21% to reach USD 15.25 billion by 2029.

In 2024, the Pressure Sensitive Adhesives Market size is expected to reach USD 11.29 billion.

Pressure Sensitive Adhesives (PSA) Market Report Snapshots

Pressure Sensitive Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)