Market Size of Acrylic Pressure Sensitive Adhesives (PSA) Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Acrylic Pressure Sensitive Adhesives Market Analysis
The market for acrylic pressure-sensitive adhesives (PSA) is expected to register a CAGR of around 6% during the forecast period. Major factors driving the market studied are the rising demand for lightweight and low emission automotive and the increasing adoption of low-cost flexible packaging aids. However, stringent environmental regulations regarding emissions are expected to hinder the market growth.
- The tapes segment dominated the marketand is expected to grow during the forecast period, owing to the growing end-user industries, such as packaging, medical, and transportation.
- The shifting focus toward bio-based PSAs is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption from the countries, such as China, Japan, and India.
Acrylic Pressure Sensitive Adhesives Industry Segmentation
The scope of the acrylic pressure sensitive adhesives (PSA) market report includes:
By Application | |
Tapes | |
Labels | |
Graphics (films) | |
Other Applications |
By End-user Industry | |
Transportation | |
Building and Construction | |
Healthcare | |
Electrical and Electronics | |
Paper and Paperboard Packaging | |
Other End-user Industries |
By Technology | |
Water-based | |
Solvent-based | |
Hot Melt | |
Radiation |
Geography | |||||||
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Acrylic Pressure Sensitive Adhesives (PSA) Market Size Summary
The acrylic pressure-sensitive adhesives (PSA) market is poised for significant growth, driven by the increasing demand for lightweight and low-emission solutions in the automotive sector and the rising adoption of cost-effective flexible packaging. Despite the challenges posed by stringent environmental regulations, the market is expected to expand, with the tapes segment leading the way due to its applications in packaging, medical, and transportation industries. The shift towards bio-based PSAs presents future opportunities for market players. Asia-Pacific emerges as the dominant region, with countries like China, Japan, and India contributing significantly to global consumption, fueled by the burgeoning packaging and automotive sectors.
Acrylic PSA tapes are renowned for their resistance to weathering, UV rays, moisture, and chemicals, making them ideal for thermal applications. These tapes find extensive use in everyday products such as electrical, duct, masking, surgical, and box-sealing tapes, with Scotch tape being a notable example. The market is characterized by the presence of major players like Henkel, 3M, and Avery Dennison Corporation, who are instrumental in driving innovation and meeting the diverse needs of end-user industries. The consolidation of the market, with the top players holding a substantial share, underscores the competitive landscape and the strategic importance of acrylic PSAs in various applications.
Acrylic Pressure Sensitive Adhesives (PSA) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand for Light weight and Low Emission Automotive
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1.1.2 Increasing Adoption of Low Cost Flexible Packaging Aids
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1.2 Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Price Analysis
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Tapes
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2.1.2 Labels
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2.1.3 Graphics (films)
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2.1.4 Other Applications
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2.2 By End-user Industry
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2.2.1 Transportation
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2.2.2 Building and Construction
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2.2.3 Healthcare
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2.2.4 Electrical and Electronics
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2.2.5 Paper and Paperboard Packaging
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2.2.6 Other End-user Industries
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2.3 By Technology
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2.3.1 Water-based
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2.3.2 Solvent-based
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2.3.3 Hot Melt
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2.3.4 Radiation
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East & Africa
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Acrylic Pressure Sensitive Adhesives (PSA) Market Size FAQs
What is the current Acrylic Pressure Sensitive Adhesives (PSA) Market size?
The Acrylic Pressure Sensitive Adhesives (PSA) Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)
Who are the key players in Acrylic Pressure Sensitive Adhesives (PSA) Market?
Henkel AG & Co. KGaA, 3M, HB Fuller, Avery Dennison Corporation and Arkema are the major companies operating in the Acrylic Pressure Sensitive Adhesives (PSA) Market.