Pressure Sensitive Adhesives Market worth $12.8 billion by 2025

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science-technology

Summary

The global pressure sensitive adhesives market size is projected to grow from USD 9.5 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 6.0% during the forecast period.

Press Release

According to the new market research report Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, Silicone), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Healthcare), Region – Global Forecast to 2025“, published by MarketsandMarkets™,  the global Pressure Sensitive Adhesives Market size is projected to grow from USD 9.5 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 6.0% during the forecast period.

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The medical & healthcare segment is estimated to be the emerging end-use industry in the pressure sensitive adhesives market during the forecast period

PSAs have prime importance in the medical & healthcare industry and are extensively used in hospitals. These medical products include PSA transfer tapes and single-coated & double-coated PSA tapes. Adhesive transfer tapes and double-coated tapes are mostly used in medical device OEMs to adhere to medical devices, strips, and pouches. The market for PSA in this industry is also influenced by growing COVID-19 infections in people having existing medical conditions such as asthma and diabetes.

APAC is estimated to be the largest as well as the fastest-growing pressure sensitive adhesives market

APAC is expected to account for the largest share of the pressure sensitive adhesives industry during the forecast period. The increasing demand from end-use industries is contributing to the demand for PSAs, eventually driving the market growth in the APAC region. This market is driven by increased foreign investments due to cheap labor and accessible raw materials. Also, government proposals to improve the manufacturing and infrastructure, and to increase cash-intensive non-residential construction activities, coupled with the increase in the manufacturing of end-use products, are driving the PSAs market growth

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The second most active company in the pressure sensitive adhesives market is The Dow Chemical Company (US). The company holds a strong position in the market due to its global distribution capabilities and strong financial background. The company has actively made efforts and expanded in emerging countries across Latin America and APAC to strengthen its product portfolio and customer reach. It conducts its worldwide operations through four operating segments: packaging & specialty plastics, industrial intermediates & infrastructure, performance materials & coatings, and corporate. The company manufactures PSAs under its performance materials & coatings business unit. It operates its business in North America, Europe, APAC, and Latin America.

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