Pressure Sensitive Adhesives Market worth $16.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

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The water-based segment is expected to account for one of the largest shares in 2023.

Water-Based PSAs dominate the market due to their environmentally friendly nature, lower cost, and safety. These adhesives involve dissolving acrylic polymers and other additives in water, which is then coated onto a substrate. Upon evaporation of the water, a solid adhesive layer remains. Water-based PSAs offer performance comparable to solvent-based adhesives while mitigating safety and environmental concerns. They cater to a wide range of applications, including tapes, labels, and graphics, and are compatible with various chemistries such as rubber, vinyl, and acrylic.

The acrylic segment is expected to account for the largest share in 2023.

Acrylic PSAs are known for their excellent balance of properties, including high adhesion, durability, and resistance to environmental factors. These adhesives are typically used in applications requiring long-term performance, such as in automotive and construction industries. Acrylic PSAs can be formulated to provide excellent UV resistance, making them suitable for outdoor use. They also offer good chemical resistance and can be tailored to adhere to a wide range of substrates, including metals, glass, and plastics. The ability to customize acrylic formulations allows manufacturers to create adhesives with specific properties, such as enhanced tack or shear strength.

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Asia Pacific is expected to account for the largest share in 2023.

The Asia Pacific market is expected to experience significant growth during the forecast period. Economies in this region, including India, China, South Korea, Brazil, and Argentina, are investing heavily in industrial development, driving demand for pressure-sensitive adhesives (PSAs). In contrast, growth in the European market is being constrained by stringent environmental regulations, which are reshaping the PSA market. These regulations are compelling manufacturers to innovate and develop eco-friendly alternatives, impacting market dynamics.

Key Players

The key players in the pressure sensitive adhesives market include Henkel AG & Co. KGaA (Germany), Dow (US), Avery Dennison Corporation (US), H.B. Fuller (US), 3M (US), Arkema S.A. (France), Sika AG (Switzerland), Scapa Group PLC (UK), and Wacker Chemie AG (Germany).

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