An adhesive that is chemically bonded, when pressure is applied to affix the adhesive with adherent is termed as a pressure sensitive adhesive. Furthermore, no heat or water is required to activate such adhesive. Besides this, the adhesive is mainly used in pressure sensitive note pads, tapes, automobile trims and an array of other products.
The increasing demand for commodities as well as appliances worldwide has influenced market growth across several countries. Application of PSA or pressure sensitive adhesive in manufacturing graphics, label and more has enabled the market generate huge profits. On the other hand, notable growth in the automobile sector in countries such as China and India is expected to create greater opportunities in next five to six years. Moreover, strong government support for foreign direct investment as well as less political intervention would open new avenues for the pressure sensitive adhesives market.
The pressure sensitive adhesive market is segmented based on technology, application and geography. Technology assessed in the market research report include radiation, water based, hot melt and solvent based. Application discussed in the report are medical tapes, labels, graphics, industrial tapes and specialty tapes. Regions such as North America, Europe, Asia -Pacific and LAMEA are expected to witness tremendous growth.
The major market players active in the pressure sensitive adhesive market are 3M, Bostik SA, Avery Dennison, H.B Fuller, Henkel AG and Company KGAA, Dow Corning, The Dow Chemical Company, Novamelt Americas LLC and Collano Adhesives AG
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