Pressure-sensitive Adhesives Market
The global pressure sensitive adhesives market is likely to exhibit an annual rate of 6.3% over the forecast period. The increasing development of cost-efficient and flexible packaging, rising demand for chemical resistant adhesives, and the government norms to reduce VOC emissions have bolstered the pressure sensitive adhesives market size.
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Pressure-sensitive Adhesives Market Dynamics
Steady surge in the construction activities and the growing number of construction activities in emerging nations are the major factors attributable to the growth of the global pressure-sensitive adhesives market. The construction industry largely uses the pressure sensitive adhesives as an insulation barrier. In addition, the innovation in design of customer electronics is projected to raise the market size. Besides, as per the pressure sensitive adhesives market analysis, the growing demand for compact electronic devices with an increase in efficiency and functionality has driven the demand for pressure sensitive adhesives. The increasing usage of pressure-sensitive adhesives in labelling food packages because of its accessibility in transportable, dislocation, and permanent form, enlarged shelf life, and remarkable water resilience properties.
The proliferation in healthcare sector and the increasing application of PSA coated material in wound care, surgical, electro-medical applications, and ostomy are projected to bolster the market growth. The rising demand from several end-use industries such as medical, transportation, woodworking, and packaging will strengthen the market growth. However, unstable prices of raw materials will restrain the pressure sensitive adhesives market share.
Application Segment Drivers
By application, tapes are projected to hold a remarkable share over the forecast period. This is owing to their lightweight material and no need of any other element other than pressure to activate. Additionally, the pressure sensitive adhesives market global forecast, the increasing implementation of PSA tapes in the form of packing, masking, duct, electrical, double-sided , and athletic tape for applications like managing heat, masking off areas, preventing surfaces, and restraining sound.
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