Acrylic pressure sensitive adhesives are formulated from cross-linked acrylic polymers and are resistant to high heat and oxidation. Such acrylic-based PSAs exhibit lower initial tack and are less prone to develop sticky edges and maintain consistent level of removability.
Market Analysis and Insights: Global Acrylic Pressure Sensitive Adhesives (PSA) Market
Due to the COVID-19 pandemic, the global Acrylic Pressure Sensitive Adhesives (PSA) market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Water-based accounting for % of the Acrylic Pressure Sensitive Adhesives (PSA) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive segment is altered to an % CAGR throughout this forecast period.
Asia-Pacific is the largest market for acrylic pressure sensitive adhesives (PSA), accounting for a major chunk of the global market. China is the leading consumer of acrylic PSAs in the region with the major demand coming from packaging, followed by the electronics, transportation industries. The packaging market in China is expected to grow during the forecast period, driven by the steady growth of the consumer goods market, including packaged food, beverages, home care, and beauty and personal care, supported by the rising household income. China is one of the biggest global manufacturers in the electronics industry, and is followed by South Korea and Japan. With the growing demand from various end-user industries, the market for acrylic PSAs is expected to increase during the forecast period.
Global Acrylic Pressure Sensitive Adhesives (PSA) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Acrylic Pressure Sensitive Adhesives (PSA) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Water-based
Solvent-based
Hot Melt
Others
Segment by Application
Automotive
Construction
Medical
Electronics
Packaging
Others
By Company
Henkel
3M
Dow
Arkema
H.B. Fuller
Ashland
Sika
Avery Dennison
Drytac
Huntsman
Franklin International
Adhesives Research
Nitto Denko
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina