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Pressure Sensitive Adhesives Market - What Are the Main Factors That Contributing Towards Medical Industry Growth?

Author : Ronak Bora | Published Date : 2019-08-07 

Medical industry is an important sector for the pressure sensitive adhesives market. Psa are utilized in this sector for assembly of various medical devices like blood bag assembly, cast boot sole attachment, iv tube set, skin sealant, etc. This sector would propel at a rate close to 5.5%.

Ease of product application is a significant growth driver for the pressure sensitive adhesives market. They have a wide variety of applications including packaging tapes, specialty tapes, repositionable tapes, permanent labels, direct food contact applications, peelable labels, etc. These tapes and labels are easy to use and are popularly used for safety as well as aesthetic purposes. Escalating demand for sustainable packaging for environmental conservation and reduction of ecological footprints by using bio-based psas will propel the pressure sensitive adhesives market.

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Technological developments have provided a major impetus to pressure sensitive adhesives market. For instance, since the automotive industry requires adhesives that can resist extreme heat, pivotal pressure sensitive adhesives industry firms have conducted numerous r&d programs to come up with a new, unique product. This adhesive is a high temperature resistant acrylic pressure sensitive adhesive that can withstand temperature of up to 400°f as compared to other acrylic pressure sensitive adhesives that can withstand temperatures of only up to 325°f.

Pressure sensitive adhesives are apt at permanently fusing dissimilar materials with the resultant cohesive bond being so strong, that it does not easily fall apart. In consequence, pressure sensitive adhesives industry has witnessed tremendous growth over the years, through the product’s usage in labels and tapes across the automotive, packaging, electronics, and healthcare sectors. The ease of use, convenience, and cost effectiveness of the product have further contributed toward making pressure sensitive adhesives market a rather viable investment ground.

Uv adhesives are highly viscous liquids that are screen printable and develop the desired viscoelastic properties upon ultra-violet exposure. The demand for this product has been growing in industrial-graphic applications such as durable labels, nameplates, membrane switches, and graphic overlays. Due to its eco-friendly nature, this technology will gain prominence and boost up the demand in pressure sensitive adhesives market.

Driven by the robust deployment of these adhesives in the packaging sector, in addition to the availability of myriad technology types and products, north america pressure sensitive adhesives market size is all set to surpass usd 2 billion by 2024.

North america has emerged as one of the most reliable and lucrative growth grounds for the overall pressure sensitive adhesives market. One of the pivotal reasons responsible for the growth of the regional industry is the expansion of the packaging sector in the continent, specifically across the united states. As per statistics provided by the flexible packaging association, the u.s. recorded sales worth over usd 30 billion for the flexible packaging industry in the year 2014. Indeed, flexible packaging had then been touted to be the second largest packaging segment in the united states, with a registered share of 19% of the u.s. packaging market, that had been proclaimed by analysts to have been valued at somewhere over usd 162 billion back then.

Latin america holds a significant share in the pressure sensitive adhesives market which generated a revenue of usd 550 million in 2024. Increasing demand for the product in the industrial sectors of brazil and mexico would augment the pressure sensitive adhesives market growth in the coming years.

Major companies of the pressure sensitive adhesives market include: evonik, henkel, bostik, sika, hb fuller, dow dupont, avery dennison, and arkema.

 

Glimpse of Table of Content (ToC)

Chapter 3. Pressure Sensitive Adhesives Market Insights

3.1.  Pressure Sensitive Adhesives Market segmentation

3.2.  Pressure Sensitive Adhesives Market size and forecast, 2014 - 2024

3.3.  Pressure Sensitive Adhesives Market ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition at each stage

3.3.3. Distributor channel analysis

3.3.4. Vendor matrix

3.3.4.1.    List of key manufacturers/supplier

3.3.4.2.    List of key/potential customers

3.4.  Raw material analysis

3.5.  Technology landscape

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.     Growth in the packaging industry

3.6.1.2.     Increasing use of tapes and labels in automotive & transportation sector

3.6.1.3.     Ease of application creating a wide acceptance

3.6.1.4.     Advancement in PSA tape technologies

3.6.2. Industry pitfalls & challenges

3.6.2.1.     Increasing raw material prices

3.6.2.2.     Recycling issues with PSA

3.7.  Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8.  Growth potential analysis

3.9.  Competitive landscape, 2017

3.9.1.   Company market share, 2017

3.9.2.   Brand analysis

3.9.3.   Key stakeholders

3.9.4.   Strategy dashboard

3.10.  Porter’s analysis

3.10.1.  Supplier power

3.10.2.  Buyer power

3.10.3.  Threat of new entrants

3.10.4.  Threat of substitutes

3.10.5.  Industry rivalry

3.11.  Regional price trends

3.11.1.  Cost structure analysis

3.11.1.1.   R&D cost

3.11.1.2.   Manufacturing & equipment cost

3.11.1.3.   Raw material cost

3.11.1.4.   Distribution cost

3.11.1.5.   Operating cost

3.11.1.6.   Miscellaneous cost

3.11.2.  Price by technology

3.11.3.  Price by product

3.12.  PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/pressure-sensitive-adhesives-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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