Asia-Pacific Pressure Sensitive Adhesives Market – Share, Outlook, Trends, Size and Forecast (2024 – 2032)

Pressure Sensitive Adhesives (PSA) are a unique category of adhesives which form an instantaneous bond under light pressure at room temperature. They join similar or dissimilar materials without requiring activation by water, solvent, or heat and are permanently tacky and provide sufficient internal cohesive strength to hold and bond materials together without breaking apart.

Asia-Pacific Pressure Sensitive Adhesives Market Segments Size:

Asia-Pacific pressure sensitive Adhesives Market size is expected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast period 2018-2024.

 Asia-Pacific Pressure Sensitive Adhesives Market Segments Growth:

The key parameters promoting the market growth include increasing use of PSAs in tapes and labels, increasing development of low-cost, flexible packaging, increasing demand from the automotive industry, the enormous demand for PSAs in Asia-Pacific, and large acceptance due to ease of adaptability of PSAs. However, increasing prices of raw materials, and stringent environmental regulations regarding VOC emissions are thereby hampering the growth of the market. Various opportunities for pressure sensitive adhesives market include developments in PSA tapes technology and emerging trends of bio-based PSAs.

Asia-Pacific Pressure Sensitive Adhesives Market Segments Share:

Asia-Pacific Pressure, Sensitive Adhesives Market, is categorised into resins which comprise rubber PSA, acrylic PSA, silicone PSA, EVA PSA, and others. The acrylic PSA segment is expected to hold the largest share in the market owing to its extensive usage in labels and tapes. Rubber PSA segment is further categorised into natural rubber and synthetic rubber. Acrylic PSA segment is further sub-divided into water-based acrylic PSA and solvent-based acrylic PSA. By technology, the market is segmented into solvent-based PSA, water-based PSA, radiation PSA, and hot melt SPA. The water-based PSA segment is projected to witness the largest share in the market and growth is mainly attributed to the eco-friendly nature of water-based PSAs, safety associated with their use, and cost-effectiveness. The solvent-based segment is further classified into one-component solvent-based PSA, and two-component solvent-based PSA. Water-based PSA segment is further categorised into one-component water-based PSA, and two-component water-based PSA. The radiation PSA segment is divided into Uv-cured PSA and electronic beam-cured PSA.

By applications, the market is segmented into graphics PSA, labels, tapes, and others. Labels segment is estimated to hold the largest share in the market during the forecast period followed by tapes and graphics and are widely used in various end-user applications.  Graphics PSA segment is further classified into signage, vehicle wraps, emblems & logos, floors, carpets & mats, and films. The labels segment is divided into permanent labels, peelable labels, ultra-peelable labels, freezer or frost fix labels, high tack labels, and speciality labels. The tapes segment is classified into type and coatings, and they are further sub-divided into speciality tapes, commodity PSA tapes, single coated PSA tapes, double coated PSA tapes, reinforced PSA tapes, unsupported PSA tapes. By End-Users, the market is segmented into paper & printing industry, renewable energy, consumer goods, healthcare, building & construction, automotive & transportation, electronics, electrical & telecommunication, packaging, and others. The packaging segment is projected to dominate the market with the largest share during the forecast period, and electronics, electrical & telecommunication segment is expected to witness the highest growth rate because of increasing per capita income and improving living standards.

By Geography, Asia-Pacific is projected to dominate the market with the largest share of 40% of the overall market owing to owing to rise in industrial and infrastructural developments. China accounted for the highest market share in the APAC region owing to massive urbanisation and industrial development. Korea generated revenue of $332 million in 2017. It is estimated to reach $538 million by 2024, growing at a CAGR of 7.5% during the forecast period. The key strategies used by Korean manufacturers to increase their market share are product innovations and capacity expansions.

Asia-Pacific Pressure Sensitive Adhesives Market Trends:

• In April 2017, Ashland has launched two new solvent-based pressure sensitive adhesives (PSA) that help the manufacturers improve the efficacy and usability of their products in demanding applications.

Asia-Pacific Pressure Sensitive Adhesives Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and Asia-Pacific diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

• 3M Company
• Arkema Group (Bostik SA)
• Ashland Inc.
• Avery Dennison Corp.
• Beardow & Adams (Adhesives) Ltd

Along with these companies, there were many other companies considered/cited in the report while analysing the Asia-Pacific pressure sensitive adhesives market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.