Global Pressure Sensitive Adhesives Market to Expand at 5.2% CAGR 2013-2019, Fueled by Rising use of RFID Labels : TMR
Transparency Market Research has announced the publication of a new market research report covering the global pressure sensitive adhesives market . The report is titled “Pressure Sensitive Adhesives Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” and is available on the company website for sale.The report states that the market will expand at a healthy 5.2% CAGR over the period between 2013 and 2019 and rise from a valuation of US$5.6 bn in 2012 to US$7.9 bn by 2019.
Pressure sensitive adhesives refer to chemical/polymer formulations that bond surfaces together or bond with a surface when pressure is applied. A variety of pressure sensitive adhesives, such as medical tapes, supplies and wound care products, automotive and industrial tapes, and labels for consumer goods, are commonly used in a variety of settings on a regular basis. Common use of these products can be seen across sectors such as automotive, electronics, packaging, footwear, construction, furniture, and several other consumer goods. Typically, pressure sensitive adhesives are obtained from substances such as natural rubber, acrylic, silicon, EVA (ethylene vinyl acetate), and butyl.
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The report states that the market will be driven mainly by the rising demand for economical adhesives in the fields of labeling and packaging. However, the constant fluctuations in prices of oil-based feedstock and certain regulations limiting the use of products with a high proportion of volatile organic compounds (VOCs) will limit the overall growth of the market to a certain extent.
The report presents qualitative and quantitative data related to all key market elements. The market has been segmented on the basis of three criteria: product type, application, and geography.
On the basis of product type, the market has been segmented into water-based, hot melt, solvent-based, and radiation-cured pressure sensitive adhesives. Of these, the water-based pressure sensitive adhesives segment accounted for the dominant share in the market, followed by the segment of solvent-based pressure sensitive adhesives, in 2012.
On the basis of application, the market has been segmented into tapes, specialty products, graphics, labels, dental adhesives, automotive trims, and notepads. Of these, the segment of tapes dominated the market in 2012, accounting for a share of 40% in the global market. The segment of labels is expected to expand at a 5.1% CAGR over the report’s forecast period. The high demand for labels will result from the rising adoption of RFID labels in the field of consumer goods.
Of the key regional markets studied in the report, Asia Pacific led the global pressure sensitive adhesives market in 2012, accounting for a share of over 40%.The report also gives a holistic account of the competitive landscape of the global pressure sensitive adhesives. The report presents business profiles, new project feasibility analysis, SWOT analysis, finance-related details, and other data pertaining to some of the major vendors in the market along with an analysis of recent developments and inputs from industry experts.
Some of the major vendors in the market profiled in the report are Avery Dennison Corporation, 3M Company, Ashland Inc., Bostik SA, BASF SE, Ellsworth Adhesives, Dow Chemical Company, Henkel AG & Co. KGaA, H.B Fuller Company, and LG Chem.
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