Global Acrylic Pressure Sensitive Adhesives Market Report and Forecast 2024-2032

Global Acrylic Pressure Sensitive Adhesives Market Outlook

The global acrylic pressure sensitive adhesives market size is projected to grow at a CAGR of 6.1% between 2024 and 2032.The major drivers of the market include rising demand for durable and convenient packaging solutions and the increasing utilisation of acrylic pressure sensitive adhesives in construction sector.

Key Trends in the Market

Acrylic pressure sensitive adhesives are non-reactive adhesives that require no activating agent including heat, water, and solvents. They ensure proper bond formation and provide uniform gap filling properties and thickness. They also offer advanced resistance to environmental factors and solvents and support long-term aging.

• The acrylic pressure sensitive adhesives market growth is aided by their ultra-adhesive properties, making them suitable for various labelling and packaging applications. These adhesives also offer excellent durability and high temperature and UV resistance, making them suitable for utilisation across various industries.

• The expansion of the electronics sector due to rising disposable incomes and increased requirement for smartphones and wearables is anticipated to offer lucrative growth opportunities to the market as acrylic pressure sensitive adhesives find applications in electronic assembly and product packaging.

• The rising requirement for lightweight and low emission automotives is boosting the utilisation of acrylic pressure sensitive adhesives as they offer flexible packaging and are cost efficient and lightweight. These adhesives are also widely used in the construction sector as they offer improved durability and stability while offering protection against moisture.

Global Acrylic Pressure Sensitive Adhesives Market Analysis

Based on type, the market is divided into water based, solvent based, hot melt, and radiation. On the basis of additives, the market is categorised into defoamers, neutralising agents, plasticisers, surfactants/ wetting agents, and tackifiers, among others. Based on application, the market is categorised into tapes, labels, and graphics, among others.

On the basis of end use, the market is classified into building and construction, electrical and electronics, healthcare, paper and paperboard packaging, and transportation, among others. Based on region, the acrylic pressure sensitive adhesives market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 3M Company     

• Arkema Group 

• Henkel AG & Co. KGaA 

• Ashland Inc. 

• Avery Dennison Corporation 

• The Dow Chemical Company 

• Franklin International Inc. 

• Soken Chemical & Engineering Co., Ltd 

• Toyo Ink SC Holdings Co., Ltd. 

• No-tape Industrial Co., Ltd. 

• Seiko Pmc Corporation 

• Others

Market Share by Application

Tapes are expected to account for a significant acrylic pressure sensitive adhesives market share owing to the rapid utilisation by the healthcare and packaging sectors due to the various advantages offered by the tapes including low costs and ease of use. These tapes adhere to most of the dry and clean surfaces when applied with pressure. Acrylic pressure sensitive tapes bond dissimilar materials without the concerns of incompatibility and eliminate the requirement for surface refinishing.

Market Share by Region

The Asia Pacific is anticipated to account for a significant share of the market in the coming years owing to the growing demand for labels and tapes in the region. The expansion of the automotive and packaging sectors in the region is further boosting the acrylic pressure sensitive adhesives (PSA) market demand due to the applications of the adhesives in providing lost lasting protection and dampening vibrations. The rising demand from the e-commerce sector is further supporting the market growth in the Asia Pacific.

Competitive Landscape

3M Company, headquartered in Minnesota, United States and founded in 1902, is an industrial machinery manufacturing company that applies science and innovation for making lasting impact by manufacturing durable and long-lasting products.

Henkel AG & Co. KGaA is a manufacturing company that is headquartered in North Rhine-Westphalia, Germany, and was established in 1876. The company is one of the leading providers of functional coatings, acrylic pressure sensitive adhesives, and sealants, among others.

The Dow Chemical Company, headquartered in Michigan, United States, was founded in 1897. The company is one of the largest producers of amines and chelates and sealants and adhesives, among others.

Other acrylic pressure sensitive adhesives market players include Arkema Group, Ashland Inc., Avery Dennison Corporation, Franklin International Inc., Soken Chemical & Engineering Co., Ltd, Toyo Ink SC Holdings Co., Ltd., No-tape Industrial Co., Ltd., and Seiko Pmc Corporation, among others.

Key Highlights of the Report