Pressure Sensitive Adhesives Market Analysis

Application (Graphic, Labels, Tapes)

The global pressure-sensitive adhesives market is segmented and analyzed for demand and supply by application into graphics, labels, tapes, and others. Out of these applications, the tapes segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rising sales of tapes in the packaging industry for keeping the packaging in place until it reaches its required location. Adhesive tapes are used to bond objects together by eliminating the use of welding, fasteners, screws, and others. Tapes come in multiple forms such as electrical, masking, packing, flooring, painting, and duct tape. Adhesive tapes are required in a wide array of industries such as paper & printing, building & construction, retail, consumer & office, electrical & electronics, automotive, white goods, and others. The growth of these industries is projected to be interlinked with the growth of the tapes segment owing to its higher demand. For instance, the total worth of the consumer electronic segment was estimated to reach approximately USD 1000 billion by 2027 across the globe.

End-user (Automotive, Construction, Electronic, Healthcare, Packaging)

The global pressure-sensitive adhesives market is also segmented and analyzed for demand and supply by the end-user industry into automotive, construction, electronic, healthcare, packaging, and others. Out of these sub-segments, the packaging segment is expected to garner a significant share among these segments over the forecast period. higher utilization of pressure-sensitive adhesives in medical packaging, flexible packaging, and others is expected to propel the market growth over the forecast period. The proper packaging of the medical product is necessary since it is responsible to preserve the medicine throughout its lifecycle. Pressure-sensitive adhesives are used in medical packaging to prevent moisture and oxidation of the packaged medical product. For instance, in 2020, approximately 5 trillion doses of medicines were consumed across the globe with a notable increase of 25% from 2015. Additionally, owing to multiple benefits such as charming designs, recyclable, low-cost, and others, flexible packaging is also becoming very popular among

Our in-depth analysis of the global market includes the following segments: