HYDERABAD, India, September 28, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the pressure sensitive adhesives market. The report titled "Global Pressure Sensitive Adhesives Market - Segmented by Technology, Application and Geography - Trends and Forecasts," discusses the current landscape and outlook of the said market.
The pressure sensitive adhesives market is estimated at USD 7,105.8 million in 2016 and is projected to reach USD 9,433 million by 2021, growing at a steady rate with a compound annual growth rate (CAGR) of 5.83% during the forecast period from (2016-2021).
Pressure sensitive adhesives are an integral part of various commercial and industrial sectors, owing to their viscous & elastic, peel & shear resistance properties and the initial tack. The major applications taken into consideration in our report are tapes, labels and graphics.
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Our report is segmented as follows:
- By Technology
- Hot Melt
- Radiation Cured
- By Application
- Transfer Tapes
- By Resins
- Other (PU, Epoxies, Vinyl Acetates, etc.)
- By Mode of Application
- By End-User Industries
- Woodworking & Joinery
- Commercial Graphics
- Metalworking and Assembly Operations
- By Region
- North America
- South America
- Middle-East and Africa
The tapes segment has been divided in to two segments: single-sided and double-sided, both of which are further divided into sub-segments based on type and applications. Owing to a wide-range of applications across numerous industrial and commercial sectors, tapes accounted for over 60% market share in 2015.
The PSA market is driven by numerous factors viz. dynamic economic development in the Asia-Pacific region, increasing adoption of low-cost flexible packaging, demand from the medical and food-packaging sectors in developing nations and rapidly growing end-user industries (such as growing construction, electronics, and automotive industry). However, stringent environmental regulations regarding VOC emissions across the globe, are acting as road blocks for the growth of the market.
Some of the major players profiled in our report include: Henkel AG & Co., 3M Company, Arkema Group, Avery Dennison Corp., Dow Corning Corporation, H.B. Fuller Company and Pidilite Industries.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence