May 17, 2022 09:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Albany NY, United States, May 17, 2022 (GLOBE NEWSWIRE) -- Analysts at TMR estimate the pressure sensitive adhesives market to expand at a CAGR of 5.2% over the forecast period from 2021 to 2031. Large applications of pressure sensitive adhesives in packaging, automotive, footwear, construction, and electronics is fueling the growth of the pressure sensitive adhesives market.
Pressure sensitive adhesives offer excellent strength, appropriate sealing, heat insulation, and resistance against moisture, thus leading to their increasing use in packaging and healthcare over traditional methods.
The marketing industry is increasingly displaying demand for pressure sensitive adhesives for branding & advertising, road traffic signage, branding graphics, outdoor advertising, advertising graphics, and vehicle graphics. Pressure sensitive adhesives do not solidify, which makes them remain permanently viscous and have the potential to moisten surfaces on contact.
Asia Pacific accounts for a key share of the pressure sensitive adhesives market, and is anticipated to continue to garner substantial share of the upcoming years. China is a major exporter with strong presence of some large players that focus on quality of product, large product range offered by vendors, and decline in wastage of adhesives. This is compelling local players to invest in R&D and acquire substantial share of the pressure sensitive adhesives market of the region. The increasing demand for applications in labels, tapes, and graphics is stimulating the growth of the pressure sensitive adhesives market in the region.
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Pressure Sensitive Adhesives Market – Key Findings of Report
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Pressure Sensitive Adhesives Market – Growth Drivers
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Pressure Sensitive Adhesives Market – Key Players
Some of the key players operating in the pressure sensitive adhesives market are;
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The pressure sensitive adhesives market is segmented as follows;
Pressure Sensitive Adhesives Market, by Product
Pressure Sensitive Adhesives Market, by Application
Pressure Sensitive Adhesives Market, by Region
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