Deerfield Beach, FL, March 23, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Pressure Sensitive Adhesives (Water-based, Solvent-based, Hot Melt, Radiation Cured) Market for Tapes, Specialty, Labels, Graphics, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014–2020.” According to the report, global demand for pressure sensitive adhesives market was valued at USD 6.20 billion in 2014, is expected to reach approximately USD 8.0 billion by 2020, growing at a CAGR of slightly above 5% between 2015 and 2020. In terms of volume, the global pressure sensitive adhesives market stood at around 2.65 million tons in 2014.
Pressure sensitive adhesives are made up of a range of compositions of chemicals such as polyurethane, styrene butadiene, acrylic, and silicone. Pressure sensitive adhesives are used for numerous purposes in packaging, construction, furniture, footwear, automotive, electronics, and in a number of consumer products among others. No solvent, water, or heat is needed to activate the adhesive. It is used in pressure-sensitive tapes, automobile trim, labels, note pads, and a variety of other products.
Browse the full "Pressure Sensitive Adhesives (Water-based, Solvent-based, Hot Melt, Radiation Cured) Market for Tapes, Specialty, Labels, Graphics, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 – 2020" report at http://www.marketresearchstore.com/report/pressure-sensitive-adhesives-market-z37353
The major driving factor for the global pressure sensitive adhesives market is rapidly growing economical adhesives in the fields of labeling and packaging industry. RFID labels are experiencing strong demand in the recent past leading growth of pressure sensitive adhesives labels. Growing demand for light-weight and low emission automotives and rising adoption of low cost flexible packaging aids is expected to be another key driving factor for pressure sensitive adhesives market. However, increasing raw material prices and environmental regulations are predicted to hamper market growth.
Pressure sensitive adhesives market can be segmented into different types such as water-based pressure sensitive adhesives, solvent-based pressure sensitive adhesives, hot melt pressure sensitive adhesives, and the radiant curved pressure sensitive adhesives. Pressure sensitive adhesives market was dominated by water-based adhesives segment and accounted for the largest share of over 40% of the total market in 2014. A solvent-based pressure sensitive adhesive was the second leading segment in this market. However, it is expected to exhibit moderate growth rate in its market share during the forecast period.
Browse 59 Market Tables and 35 Figures spread through 80 Pages and an in-depth TOC on “Pressure Sensitive Adhesives Market - Global Size, Shares, Trends, Segment & Forecast to 2020”
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Based on application, pressure sensitive adhesives market has been segmented into tapes, specialty, labels, graphics and others. Tapes is one of the leading application segment in pressure sensitive adhesives market with over 40% share of the total volume consumed in 2014. Furthermore, label segment is anticipated to exhibit fastest CAGR during the next six years. High demand for PSA labels by the various industries for making their inventory management better and convenient is expected to drive the growth of the market. Geographically, the global pressure sensitive adhesives market was dominated by Asia Pacific region and accounted for over 45% share of the overall market in 2014. Asia Pacific is followed by North America and Europe respectively. North America was the second largest market for pressure sensitive adhesives in 2014. Europe and North America are expected to witness moderate growth rate over the years to come.
Key players operating in global pressure sensitive adhesives market include, 3M Company, HB Fuller, Henkel AG, Avery Dennison, Collano Adhesives AG, Novamelt, Bostika S.A., BASF SE, LG Chemicals, and Ashland, Inc.
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The report segments the global pressure sensitive adhesives market as:
Pressure Sensitive Adhesives Market – Product Segment Analysis
- Hot melt
- Radiation cured
Pressure Sensitive Adhesives Market – Application Segment Analysis
- Others (Automotive trims, dental adhesives, notepads, etc.)
Pressure Sensitive Adhesives Market - Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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