Global Pressure Sensitive Adhesives market is currently valued at $5,962.7 million in 2014 and is expected to reach $8,602.85 million by 2020 showing a compound annual growth rate of 6.3%. Asia-Pacific continues to dominate the market with a market share of 56%, due to flourishing economic conditions, rise in GDP, and availability of optimum resources. North America and Europe are roughly equal in size, at 22% and 20% of the market, respectively. These regions are quite mature and exhibit corresponding competitive dynamics at a macro level as a result.
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Pressure sensitive adhesive form bonds under applied pressure. Water or heat is not required to apply the adhesive. PSA occupy the largest market share in the adhesives business. They are either permanent or removable and can match with a variety of substrates. The key raw materials used in manufacturing of pressure sensitive adhesive are acrylics, silicone, and rubber. Other formulations include polyurethane, vinyl acetate, epoxy, SBS, etc.
Recently the demand for water-based adhesives has increased substantially. Petroleum-based adhesives are 15%-20% costlier than petroleum-free adhesives. Therefore, they are witnessed to see a slow growth in the future due to rising environmental concerns and companies focusing on sustainable solutions; that is, adhesives made from bio-based materials are going to be the key drivers for the pressure sensitive adhesive market.
With the increasing capabilities of pressure sensitive adhesives in tapes and labels, high demand in automotive sector and growing health concerns, strict laws on energy efficiency, growing environmental concerns on Green House Emissions. The RFID labels that are one of the largest applications of PSA are catering to different applications due to its ability to assist in inventory and security tracking at locations such as airports, companies, sea ports, and shopping malls. The graphics used for decorating automobile as a style statement are made from PSA graphics.
The major players in the pressure sensitive adhesives market discussed in the report are 3M, Avery Dennison, H.B. Fuller, Bostik, Franklin Adhesives, Sika, Scapa, and other top players in the market.
Key factors driving market growth include the increase in the number of working women, the rise in dual income nuclear families, increasing disposable income, and higher per capita spends on lifestyle products. In addition, social and cultural factors also influence demand in the market.
Also, increasing adoption of low cost flexible packaging aids drives the pressure sensitive adhesive market in the packaging sector.
Raw materials for adhesives are polymeric materials may be naturally occurring and synthetic where natural polymers like starch, gelatin, asphalt, bitumen natural rubber, and resin and synthetic polymers like vinyl & acrylics have witnessed a volatility in raw material costs during this period especially affected demand for adhesives and sealants during 2013 and 2014. Growing volatility in the prices of raw materials has increased pressure on margins of adhesives and sealants manufacturers.
What the report contains
The report elucidates the situation of Pressure Sensitive Adhesives around the world and studies the markets of the Pressure Sensitive Adhesives technology which include Water-Based, Solvent-Based, Hot Melt and Radiation.
Lastly, the report is divided by geography – North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various applications of Pressure Sensitive Adhesives have been discussed in detail in addition to a comprehensive overview of the market.
Key points in table of content
1.2 Research Methodology
2. Executive Summary
3. Pressure Sensitive Adhesives market
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness – Porter’s 5 Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Demand from APAC Region
4.1.2 Increasing adoption of low cost flexible packaging aids
4.1.3 Rise in demand for light-weight and low emission automotives
4.2.1 Volatility in raw material prices
4.2.2 Environmental regulations against VOC emissions
4.3.1 Bio-based pressure sensitive adhesives
5. Market Segmentation and Analysis
5.1 By Technology
5.1.3 Hot Melt
5.2 By Application
6. Regional Market Analysis (Market size, growth and forecast)
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5.1 Saudi Arabia
6.5.2 South Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures, Collaborations and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
8.2 Adhesive Technologies, Inc.
8.4 Alfa International Corporation
8.5 American Chemical, Inc.
8.6 Ashland, Inc.
8.7 Ato Findley
8.8 Avery Dennison Corporation
8.10 Beardow & Adams (Adhesives) Ltd.
8.12 BÜHNEN (Germany)
8.13 Collano Adhesives
8.14 The Dow Chemicals
8.16 Franklin Adhesives & Polymers
8.17 Evans Adhesive Corporation Ltd.
8.18 Glenmar Technology
8.19 H. B. Fuller
8.20 Henkel AG
8.21 Huntsman Corporation
8.22 Jesons Industries
8.23 Momentive Specialty Chemicals
8.24 National Starch
8.27 Paramelt B.V
8.30 Sika AG
8.31 Shanghai Jaour Adhesives Products
8.32 Toyo Ink Group
8.34 Wacker Chemie AG
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