Research and Markets Presents Analysis of Pressure Sensitive Adhesives Market by Application and more

Pressure Sensitive Adhesives Market by Technology (Water-Based, Solvent-Based, Hot Melt & Radiation) by Application (Industrial Tapes, Specialty Tapes, Medical Tapes, Labels, Graphics & Others) & by Geography - Global Trends & Forecasts to 2018

The increasing need for weight reduction of end-user products, high bonding solutions, sustainable developments, growing tapes demand, rising GDP and purchasing power, will drive the global pressure sensitive adhesives (PSA) market to $8.4 billion by 2018. India and China lead the world in terms of usage of PSA due to heavy industrialization in these countries, making it the biggest market for adhesives. These markets are expected to experience highest revenue growth during the next five years.

Rising applications, current & emerging applications, and an increase in tapes and labels demand are the factors driving growth in the PSA market. In addition, the demand for PSA in applications such as RFID, clean room label, etc. is also high. The factors hindering the growth of this market are the fluctuating cost of raw materials, lack of technology infrastructure in developing countries, and huge investment in R&D.

The market is growing slowly in Europe and will continue to grow at significant rate in the Asia-Pacific region. Asia-Pacific regions demand is driven by the countries such as China, the fastest growing country in global PSA market. The PSA market is still in infancy stage in African markets. However, this region is experiencing high growth on account of increased infrastructure spending.

The majority of players in this industry are of considerable size and manufacture highly customized products focusing on a particular end-user industry. 3M is a leader in pressure sensitive adhesives for tapes while Avery Dennison leads in PSA for labels. Every company, big or small, wants to penetrate deeper into the existing market and at the same time expand into new and emerging markets to increase their sales margin - thereby increasing the overall revenue. The companies involved in the adhesive business adopt this strategy by expanding into emerging markets such as Asia-Pacific and Rest of World markets. Most of the major companies in the adhesives business are headquartered in the U.S. and Europe.

With the increase in demand of pressure sensitive adhesives in automotives, the tapes segment will see a rise in the f