Transparency Market Research (TMR) has announced the
release of a new research report, titled “Pressure Sensitive
Adhesives Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 - 2019”. TMR states that the global
pressure sensitive adhesives market will display a 5.2% CAGR from
2013 to 2019. If the figures hold true, the market, which had a
valuation of US$5.58 billion in 2012, will reach US$7.96 billion by
2019.According to the study, rapid expansion of the electronics and
automotive sectors is one of the major factors propelling demand for
pressure sensitive adhesives. Increasing pressure from regulatory
agencies for low emission, light weight, and better mileage in
vehicles is accentuating the demand of lightweight devices for
automotive applications, most of which utilize pressure sensitive
adhesives. Furthermore, miniaturization of electronic devices will
propel the demand for pressure sensitive adhesives from the
electronics sector.
This 95 page report gives readers a comprehensive
overview of the Pressure Sensitive Adhesives market. Browse through
20 data tables and 23 figures to unlock the hidden opportunities in
this market@
Additionally, growing demand for labeling and
packaging applications, which use pressure sensitive adhesives due to
the improvement inventory management and cost-effectiveness of
packaging materials they bring about, will support growth of the
pressure sensitive adhesives market.However, fluctuating prices of
crude oil-based feedstock and regulations in place against volatile
organic compounds (VOC), which are synthesized from solvent-based
pressure sensitive adhesives, will hinder the market’s
growth.Products, applications, and key regional markets are the main
criteria on which the global pressure sensitive devices market is
divided. By product type, the market is segmented into hot melt,
radiation cured, water-based, and solvent-based.
In 2012, water-based pressure sensitive adhesives
accounted for the largest share of the market, followed by
solvent-based products. Due to discharge of hazardous volatile
organic compounds, these products are heavily regulated and are
restricted to be used away from populated areas, and thus will lose
their strong market share in the coming years.However, hot melt
adhesive products are estimated to gain higher application in the
construction industry owing to their ease of application and stronger
bond strength, thus reducing processing time, state
analysts.Radiation-cured pressure adhesives are used in masking tapes
that are suitable for sub-zero or extremely high temperatures.
The report states that by application, tapes
dominated the market and held more than 40% of the market in 2012.
Labeling application of pressure sensitive adhesives is expected to
grow at a CAGR of 5.1% between 2013 and 2019. This is mainly due to
higher adoption of RFID labels for improved inventory management.
RFID labels offer process efficiency and hence account for almost a
quarter of overall label sales in the market. Retail labeling is
expected to be the fastest growing application segment of the
pressures sensitive adhesives market.
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Pressure Sensitive Adhesives market. Request a sample to stay abreast
on the key trends impacting this market@
Among the regional markets, Asia Pacific registered a
share of more than 40% in the global pressure sensitive adhesives
market in 2012. North America and Europe, which have mature chemical
industries, will not contribute significantly to the growth of the
overall market. Strict regulations in place for the chemical industry
to develop eco-friendly products will slow the growth of the pressure
sensitive adhesives market in these regions.
The report segments the global pressure sensitive
adhesives market as:
Pressure Sensitive Adhesives Market – Product
Segment Analysis
- Water-based
- Solvent-based
- Hot melt
- Radiation cured
Pressure Sensitive Adhesives Market –
Application Analysis
- Tapes
- Specialty
- Labels
- Graphics
- Others (Automotive trims, dental adhesives, notepads, etc.)
Pressure Sensitive Adhesives Market - Regional
Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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