Pressure-sensitive Adhesives (PSA) Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 12 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
Looking ahead, from 2023 to 2033, the PSA market is expected to witness a more robust demand with a broader range of applications. The market is projected to grow at a CAGR of approximately 6-8% over the next decade, driven by increasing demand in industries such as automotive, construction, electronics, and healthcare. The growing use of PSAs in the automotive sector, particularly in electric vehicles (EVs), is a key factor that will contribute to this demand. As automakers continue to adopt lightweight materials for energy efficiency and sustainability, the need for strong yet flexible adhesives will only increase.
The healthcare industry’s reliance on pressure-sensitive adhesives for medical tapes, dressings, and wound care products is also expected to fuel the market’s growth. Additionally, with a shift towards more sustainable and eco-friendly packaging materials, PSAs that offer easy recyclability and minimal environmental impact are in high demand. These factors, coupled with the growth of the packaging industry, especially for consumer goods, will significantly boost market dynamics in the coming years.
As manufacturing processes become more automated, the demand for efficient, high-performance adhesives will increase, which is expected to positively impact the PSA market. There is also a rising trend in the use of bio-based PSAs, responding to the growing environmental concerns and the shift towards green chemistry. This trend is likely to dominate the market as consumer preference shifts towards sustainable products.
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The Pressure-sensitive Adhesives (PSA) market from 2018 to 2022 experienced significant growth driven by a variety of industries that depend on such adhesives for their functionality and versatility. These adhesives, known for their ability to bond without the need for heat, water, or solvent activation, were highly sought after in packaging, automotive, electronics, and healthcare applications. The demand for PSAs increased due to their widespread usage in labels, tapes, medical devices, and industrial applications, which kept the market expanding during this period.
During 2018 to 2022, the global Pressure-sensitive Adhesives market was valued at approximately USD 10 billion in 2018, and it was forecasted to reach USD 13 billion by 2022, growing at a compound annual growth rate (CAGR) of around 5%. Various factors such as rising consumer demand for packaged goods, increased demand from the automotive sector for lightweight bonding solutions, and the rapid expansion of e-commerce contributed to this growth. The versatility of PSAs in a variety of industries and the push for more sustainable, eco-friendly products also drove the market forward.
Henkel
Dow
Ashland
Avery Dennison
H.B. Fuller
3M
Arkema Group
Sika
Scapa Group
ADCO
Adhesives Research
Alfa International
American Biltrite
Beardow & Adams
Bühnen
Collano Adhesives
Benson Polymers
Drytac
Dymax
Evans Adhesive
Franklin International
Huntsman
Mactac
Wacker Chemie
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pressure-sensitive Adhesives (PSA) Market
Packaging
Electronics
Automotive & Transportation
Medical & Healthcare
Building & Construction
Based on Types the Market is categorized into Below types that held the largest Pressure-sensitive Adhesives (PSA) market share In 2023.
Elastomeric Pressure-Sensitive Adhesive
Resin Type Pressure-Sensitive Adhesive
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pressure-sensitive Adhesives (PSA) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pressure-sensitive Adhesives (PSA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pressure-sensitive Adhesives (PSA) Market, By Type
6. Global Pressure-sensitive Adhesives (PSA) Market, By Application
7. Global Pressure-sensitive Adhesives (PSA) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pressure-sensitive Adhesives (PSA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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