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SOURCE Research and Markets
DUBLIN, Feb. 20, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
With the increasing capabilities of pressure sensitive adhesives in tapes and labels, high demand in automotive sector and growing health concerns, strict laws on energy efficiency and growing environmental concerns on Green House Emissions, the global market will witness a strong growth in the future growing at a global CAGR of 5.8% from 2013 to 2018. With tapes and labels leading the market in terms of volume supported by economies of scale, the demand of acrylic formulated water-based pressure sensitive adhesive will remain high in the upcoming years.
Asia-Pacific remains the dominant market followed by Europe due to increase in applications for labels. In terms of individual countries, India is a fast growing market due to heavy automotive sector and wide range of industries present in the market. Also, with rising environmental concerns and rising raw material prices, solvent-based technology that uses petroleum-based solvents is at the verge of extinction due to stringent laws. Hot melt and radiation cured products though costly are the future drivers in the pressure sensitive adhesives markets due to its unique advantages.
PSA form bonds under applied pressure. Water or heat is not required to apply the adhesive. PSA occupy the largest market share in the adhesives business. They are either permanent or removable and can match with a variety of substrates. The major materials used in formulating pressure sensitive adhesive are acrylics, silicone, and rubber. Other formulations include polyurethane, vinyl acetate, epoxy, SBS, etc. In terms of end-use applications, the major markets for PSA are tapes and labels, while graphics holds a small amount of market share.
The global pressure sensitive adhesives (PSA) industry is witnessing a high growth on account of increasing applications, technological advancements, and growing demand in the Asia-Pacific region. PSA are finding new applications in industries and are replacing conventional bonding methods like riveting, etc. In automobile industries these are fast replacing welds, screws, rivets, gaskets, and fasteners, thus allowing automakers to produce lighter compact vehicles at lower cost by using new materials such as plastic composite and fiber. PSA are finding applications in ever growing medical industry and packaging industry. PSA are formulated by four main technologies such as water-based, solvent-based, hot melt, and radiation cured technology. While the applications include specialty tapes, industrial tapes, labels, graphics, and others.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 PSA Market, By Technologies
6 PSA Market, By Geography
7 Pressure Sensitive Adhesives Market, By Applications
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/z8xj24/pressure
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