Acumen Research and Consulting, Recently Published Report On “Pressure Sensitive Adhesive Market Size, Share, Trend, Growth Opportunity and Forecast 2019-2026”.
LOS ANGELES, July 02, 2019 (GLOBE NEWSWIRE) -- The global pressure sensitive adhesive market value is estimated to reach around USD 16.0 billion by 2026, growing at CAGR above 5.6% over the forecast time frame 2019 to 2026.
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An increasing weight loss requirement in products that offer strong bonding alternatives is a critical determinant for driving the demand for pressure sensitive adhesives. The use of lightweight and economical engineering plastics through a range of end-use sectors, including electronics, construction and automotive, is the dominant trend in the pressure sensitive adhesives industry. As the automotive and electronic industries expand rapidly, the development of the world market in adhesives with delicate pressure could be caused. The demand for lightweight automotive systems should speed up increased pressure on regulatory organizations for better kilometres, lightweight and low emissions. Most of them use adhesives that are pressure susceptible.
Pressurized adhesives are projected to increase owing to electronic device miniaturization. Pressure delicate adhesives are used for different applications worldwide, such as packaging, footwear, construction, cars and electronics. The focus could increase the market in the coming years by expanding the product portfolio and expanding the application base.
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The market for pressure-sensitive adhesives is motivated by increased demand in the packaging sector. The product provides different advantages, including instant bonding, versatility and user-friendly services, which increase demand for packaging and logistics. PSA binds to a number of substrates and coatings and producers keep pace with evolving developments in packaging. The use of PSAs as an option to bolts, rivets and other fasteners was increasing in cars. This is performed to enhance the velocity and ease of mounting by using liquid adhesive. Other product advantages are the use of more thin and lighter materials, decreased installation time, negligible surface finishing requirement, cost savings, etc. The product has a broad range of end users, since it can bind different materials without problems of incompatibility.
The development of the market of pressure-sensitive adherents in the forecast period could hinder rising price of raw materials such silicone, rubber and other chemicals. Some of the raw materials are goods obtained from oil ; therefore price fluctuations are also affected. The solvent-based products secured his second bigger market share. These products contain organic volatile compounds (OVCs). These products are dangerous. Limitations on the use of these products may lead to a decrease in market demand. However, owing to its solid bond strength and increased applications, warm melt pressure sensitive adhesives in the construction industry are anticipated to increase. They are used for multiple applications in various sectors. Pressure-sensitive adhesives are commonly used in automotive industry since they offer superior advantages over mechanical attachments. They contribute to enhancing automotive collision effectiveness, because they do not impact the substrate for installation. They contribute to stress distribution throughout the bonded region and do not permit stress concentration.
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In automotive electronics applications, pressurize-sensitive stickers are also used to fit printed circuit boards into heat sinks. Moreover, latest advances in pressurized adhesive techniques have helped automakers produce light and fuel-efficient cars. By decreasing vehicle weight, a focus on decreasing carbon emissions and increasing fuel efficiency given an impetus for the use of high-pressure adhesives as a connector for the manufacture. Increased pressure on vehicle mileage performance and emission decrease from regulatory authorities has increased the acceptance of automotive pressure sensitive adhesives. Factors, such as high power efficiency legislation, growing health issues and rising environmental concerns about GHG emissions, will affect the development of the industry with the increasing capacity of pressurized adhesives to label and automotive apps.
Key Players & Strategies
The pressure sensitive adhesive market consists of major vendors such as Dow Dupont Inc., 3M, Sika, Momentive, BASF SE Avery Dennison, Henkel, Arkema and Ashland. As a result of worldwide packaging innovations, the pressurized adhesives industry is most probable to experience an escalation in development. Increasing demand would boost production demand from developing nations like China and India. Environmental issues have also resulted businesses to invest in product development research and development operations.
Wide distribution network, price competitiveness, product differentiation and regulatory compliance are essential to an industry player's strategic resources to improve company competitiveness.
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