LONDON, Nov. 15, 2016 /PRNewswire/ -- "The pressure sensitive adhesives market is projected to grow at a CAGR of 6.1% during the forecast period"
The pressure sensitive adhesives market was valued at USD 7.87 billion in 2015, and is projected to reach USD 11.22 billion by 2021, at a CAGR of 6.1% between 2016 and 2021. The market is experiencing growth due to the increasing demand for pressure sensitive adhesives from varied end-use industries such as packaging, automotive & transportation, and electronics, electrical & telecommunication.
"Labels to be the fastest-growing application segment of the PSA market between 2016 and 2021"
Labels is the fastest-growing application segment in the PSA market, owing to the increasing applicability of PSAs in varied end-use industries such as medical & healthcare, packaging, electronics, electrical & telecommunication, and building & construction.
"Hot melt technology segment to register highest growth between 2016 and 2021"
The hot melt technology is not solvent-based and the curing time associated with the manufacturing of PSAs is less. Hot melt PSAs are environment friendly and are widely used in the packaging of food & beverages; they are also used in integrated circuits in the electronics industry.
"Asia-Pacific: The largest regional segment in the PSA Market"
Asia-Pacific is the largest region in the PSA market, both in terms of volume and value, followed by North America and Europe. China, the U.S., and Germany are the largest producers of pressure sensitive adhesives. China and India have collaboratively accounted for the largest share of the Asia-Pacific PSA market.
This study has been validated through primaries conducted with various industry experts worldwide. The primary sources have been divided into three categories, namely, company type, designation, and region
- By Company Type - Tier 1 - 30%, Tier 2 - 40%, and Tier 3 - 30%
- By Designation - C Level - 6%, Director Level - 6%, and Others - 88%
- By Region - Asia-Pacific - 70%, North America - 12%, Europe - 12%, and Middle East & Africa - 6%
Companies profiled in the report:
Henkel AG & Co. KGaA (Germany), 3M Company (U.S.), The Dow Chemical Company (U.S.), Avery Dennison (U.S.), Ashland Inc. (U.S.), H.B. Fuller (U.S.), Arkema S.A. (France), Sika AG (Switzerland), Scapa Group Plc. (U.K.), and Dow Corning (U.S.) are major companies profiled in this report.
The report offers an insight on pressure sensitive adhesives used across different applications, end-use industries, and regions. It aims at estimating the market size and future growth potential of this market across different segments such as chemistry, technology, application, end-use industry, and region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market, along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of revenue numbers for the overall PSA market and its subsegments. This report will help stakeholders better understand the competitor landscape, and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and acquire information on key market drivers, restraints, challenges, and opportunities impacting the growth of the market.
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