“Pressure Sensitive Adhesives Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Pressure Sensitive Adhesives market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Pressure Sensitive Adhesives market, reasons of buying this report and complete TOC of report.
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There are 4 key segments covered in this Pressure Sensitive Adhesives Systems Market report:
- Competitor segment
- Product type segment
- End-use/application segment
- Geography segment
Pressure Sensitive Adhesives Market by Key Players:
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Scope of the Report:
Key Market Trends:
Rising Demand from the Automotive Industry
– Over the past few years, adhesives have become a prime technology component of the automotive applications, as they are continuously replacing traditional bonding or adhesion methods. On average, the present-day automobile contains about 18 kg of adhesives, compared to 8 kg in 2004.
– In the automotive industry, pressure sensitive adhesives are widely used, as they offer superior benefits over mechanical fasteners. They help in improving crash efficiency of automotive, as they do not affect the substrate used in assembly. They help in distributing stress over the entire bonded area and do not allow the concentration of stress.
– Pressure sensitive adhesives are also used for the attachment of printed circuit boards to heat sinks in automotive electronics applications.
– Furthermore, some of the other applications of pressure sensitive adhesive products in the automotive sector are:
– Brake shim applications, to bond brake pad and metal shim
– The automotive passenger compartment, under-the-hood and exterior applications
– Moreover, the recent advancements in pressure sensitive adhesive technologies are aiding automotive manufacturers in the production of lightweight and fuel-efficient vehicles. The focus on minimizing carbon emission and enhancing fuel economy, by reducing the vehicle’s weight, has provided an impetus to usage of pressure sensitive adhesives, as a bonding material for the manufacturing of automotive.
Asia-Pacific Region is Expected to Dominate the Market
– With over 40% of the global demand, Asia-Pacific is the most promising market for pressure sensitive adhesives, which is likely to dominate the market in the near future. This domination can be attributed to the growing demand for tapes and labels in the region.
– China, India, Japan, and South Korea account for over 80% of the demand for pressure sensitive adhesives. The growing packaging and automotive industries are driving the market for pressure sensitive adhesives in this region.
– China is one of the major exporter of adhesive products (tapes, label, etc.) and the factors concerning the majority of its customers are quality of the product, product range offered by the vendor, and reducing the dosage and wastage of adhesives. Owing to this reason, international players currently dominate the Chinese market for pressure sensitive adhesives. The same factor encourages local producers to invest in R&D to acquire a major share of the national market.
– The pressure sensitive adhesives market in India is expected to grow at a higher rate and its usage has increased with the transparent and filmic labels, shrink-wrap labels for fast moving consumer goods (FMCG) manufacturers, and flexible labels and multicolor wrap-around labels. The pressure sensitive adhesives market is still in its early growth stage and it has a higher scope of growth in the coming future.
– The large market size, coupled with the huge growth of Asia-Pacific, is quite instrumental in the expansion of the pressure sensitive adhesives market.
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Pressure Sensitive Adhesives Market Covers Following Points in TOC:
- Chapter 1: Pressure Sensitive Adhesives Market Definition
- Chapter 2: Research Methodology of Pressure Sensitive Adhesives Market
- Chapter 3: Pressure Sensitive Adhesives Market Executive Summary
- Chapter 4: Pressure Sensitive Adhesives Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
- Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
- Chapter 6: Pressure Sensitive Adhesives Market Segmentation by Types, End-User, and Applications Forecast to 2024
- Chapter 7: Pressure Sensitive Adhesives Market Segmentation by Geographical Regions
- Chapter 8: Competitive Landscape of Pressure Sensitive Adhesives Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
- Chapter 9: Key Players for Pressure Sensitive Adhesives Market
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