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North America Pressure Sensitive Adhesives (PSA) Market

North America Pressure Sensitive Adhesives (PSA) Market Size: By Resin Type: Acrylic, Rubber, Ethylene Vinyl Acetate (EVA), Silicone, Polyurethane, Others; By Technology: Water Based, Solvent Based, Hot melt, Radiation; By Application: Tapes, Labels, Others; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

North America Pressure Sensitive Adhesives (PSA) Market Outlook

The North America pressure sensitive adhesives (PSA) market size reached USD 3.07 billion in 2023. The market is expected to grow at a CAGR of 5.5% between 2024 and 2032, reaching almost USD 4.72 billion by 2032.                                        

 

Key Takeaways

  • According to Statistics Canada, the revenue from automobile and light-duty motor vehicle manufacturing in 2022 amounted to USD 45,083,712.
  • According to the United States International Trade Commission, the US exported USD 302,850 million and imported USD 629,871 million of electronic products in 2022.
  • Canada's 11.68% healthcare expenditure of GDP in 2021 drives the market growth, used for healthcare tasks like fissure repair and object fixation.

 

Water-based PSAs drive the North America pressure sensitive adhesives (PSA) market growth, being deemed environmentally friendly with reduced VOC emissions, thereby minimizing their impact on air quality and human health.

 

Water-based PSAs are acknowledged for their environmental friendliness, featuring reduced VOC emissions, safer handling, and simple water cleanup. They excel in wetting properties, emit a mild odour, and adhere effectively to porous substrates like paper and fabric.

 

Solvent-based PSAs are recognized for their quick-drying, boosting productivity, and providing a strong initial tack for immediate bonding requirements. They exhibit resilience to extreme temperatures, offering high cohesive strength, and effectively adhere to non-porous substrates, often resisting water.

 

Pressure Sensitive Adhesives (PSAs) and the tapes derived from them are vital in automotive manufacturing, aiding in assembly, insulation, and mitigating noise, vibration, and harshness (NVH) issues. The total revenue for automobile and light-duty motor vehicle manufacturing in 2022 was USD 45,083,712, as per Statistics Canada, thereby propelling the market growth.

 

The North America pressure sensitive adhesives (PSA) market share is dominated by the United States, fuelled by its electronics sector. PSAs are extensively utilized in foldable electronics to integrate devices and create multiple neutral planes (MNPs) that safeguard fragile films during the folding process.

 

As reported by the United States International Trade Commission, the US exported USD 302,850 million and imported USD 629,871 million worth of electronic products in 2022, thereby fuelling the market growth.

 

According to the World Bank, Canada's healthcare expenditure as a percentage of GDP was 11.68% in 2021, consequently driving the North America pressure sensitive adhesives (PSA) market due to the use of PSAs in the healthcare sector for purposes such as fissure repair and object fixation.

 

Market Segmentation

North America Pressure Sensitive Adhesives (PSA) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Resin Type

  • Acrylic
  • Rubber
  • Ethylene Vinyl Acetate (EVA)
  • Silicone
  • Polyurethane
  • Others

 

Market Breakup by Technology

  • Water Based
  • Solvent Based
  • Hot melt
  • Radiation

 

Market Breakup by Application

  • Tapes
  • Labels
  • Graphic Films
  • Medical Adhesives
  • Others

 

Market Breakup by End Use

  • Packaging
  • Automotive
  • Healthcare
  • Electronics
  • Building and Construction
  • Consumer Goods
  • Others

 

Market Breakup by Country

  • United States of America
  • Canada

 

The market participants are funnelling growth through innovation, introducing new products, and entering intro strategic partnerships.

 

The North America pressure sensitive adhesives (PSA) market key market players are 3M Company, H.B. Fuller Company, Avery Dennison Corporation, Arkema S.A., Ellsworth Adhesives, Saint Gobain SA, Sika AG, Dow Inc., Wacker Chemie AG, and Ashland Inc among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Resin Type
  • Technology
  • Application
  • End Use
  • Region
Breakup by Resin Type
  • Acrylic
  • Rubber
  • Ethylene Vinyl Acetate (EVA)
  • Silicone
  • Polyurethane
  • Others
Breakup by Technology
  • Water Based
  • Solvent Based
  • Hot melt
  • Radiation
Breakup by Application
  • Tapes
  • Labels
  • Graphic Films
  • Medical Adhesives
  • Others
Breakup by End Use
  • Packaging
  • Automotive
  • Healthcare
  • Electronics
  • Building and Construction
  • Consumer Goods
  • Others
Breakup by Region
  • United States of America
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 3M Company
  • H.B. Fuller Company
  • Avery Dennison Corporation
  • Arkema S.A.
  • Ellsworth Adhesives
  • Saint Gobain SA
  • Sika AG
  • Dow Inc.
  • Wacker Chemie AG
  • Ashland Inc
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Pressure Sensitive Adhesives (PSA) Market Overview

    8.1    Key Industry Highlights
    8.2    Global Pressure Sensitive Adhesives (PSA) Historical Market (2018-2023) 
    8.3    Global Pressure Sensitive Adhesives (PSA) Market Forecast (2024-2032)
    8.4    Global Pressure Sensitive Adhesives (PSA) Market by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    North America Pressure Sensitive Adhesives (PSA) Market Overview​​​​​​​
    9.1    Key Industry Highlights
    9.2    North America Pressure Sensitive Adhesives (PSA) Historical Market (2018-2023) 
    9.3    North America Pressure Sensitive Adhesives (PSA) Market Forecast (2024-2032)
10    North America Pressure Sensitive Adhesives (PSA) Market by Resin Type​​​​​​​
    10.1    Acrylic
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Rubber
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Ethylene Vinyl Acetate (EVA)
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Silicone
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Polyurethane
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    North America Pressure Sensitive Adhesives (PSA) Market by Technology​​​​​​​
    11.1    Water Based
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Solvent Based
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Hot melt
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Radiation
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
12    North America Pressure Sensitive Adhesives (PSA) Market by Application​​​​​​​
    12.1    Tapes
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Labels
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Graphic Films
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Medical Adhesives
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Others
13    North America Pressure Sensitive Adhesives (PSA) Market by End Use​​​​​​​
    13.1    Packaging
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Automotive
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Healthcare
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Electronics
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Building and Construction
        13.5.1    Historical Trend (2018-2023)
        13.5.2    Forecast Trend (2024-2032)
    13.6    Consumer Goods
        13.6.1    Historical Trend (2018-2023)
        13.6.2    Forecast Trend (2024-2032)
    13.7    Others
14    North America Pressure Sensitive Adhesives (PSA) Market by Country​​​​​​​
    14.1    United States of America
        14.1.1    Historical Trend (2018-2023)
        14.1.2    Forecast Trend (2024-2032)
    14.2    Canada
        14.2.1    Historical Trend (2018-2023)
        14.2.2    Forecast Trend (2024-2032)
15    Market Dynamics​​​​​​​
    15.1    SWOT Analysis
        15.1.1    Strengths
        15.1.2    Weaknesses
        15.1.3    Opportunities
        15.1.4    Threats
    15.2    Porter’s Five Forces Analysis
        15.2.1    Supplier’s Power
        15.2.2    Buyer’s Power
        15.2.3    Threat of New Entrants
        15.2.4    Degree of Rivalry
        15.2.5    Threat of Substitutes
    15.3    Key Indicators of Demand
    15.4    Key Indicators of Price
16    Competitive Landscape​​​​​​​
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    3M Company
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    H.B. Fuller Company 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Avery Dennison Corporation 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Arkema S.A.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Ellsworth Adhesives 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Saint Gobain SA 
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Sika AG 
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Dow Inc. 
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Wacker Chemie AG 
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Ashland Inc 
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market​​​​​​​

 

List of Key Figures and Tables

1.    Global Pressure Sensitive Adhesives (PSA) Market: Key Industry Highlights, 2018 and 2032
2.    North America Pressure Sensitive Adhesives (PSA) Market: Key Industry Highlights, 2018 and 2032
3.    North America Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Resin Type (USD Billion), 2018-2023
4.    North America Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Resin Type (USD Billion), 2024-2032
5.    North America Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Technology (USD Billion), 2018-2023
6.    North America Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Technology (USD Billion), 2024-2032
7.    North America Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Application (USD Billion), 2018-2023
8.    North America Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Application (USD Billion), 2024-2032
9.    North America Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by End Use (USD Billion), 2018-2023
10.    North America Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11.    North America Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Country (USD Billion), 2018-2023
12.    North America Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Country (USD Billion), 2024-2032
13.    North America Pressure Sensitive Adhesives (PSA) Market Structure

Key Questions Answered in the Report

The market was estimated to be valued at USD 2.95 billion in 2023.

The market is projected to grow at a CAGR of 5.5% between 2024 and 2032.

The revenue generated from the market is expected to reach USD 4.72 billion in 2032.

The pressure sensitive adhesives (PSA) market is categorised according to its technology, which includes water-based, solvent-based, hot melt and radiation.

The key market players are 3M Company, H.B. Fuller Company, Avery Dennison Corporation, Arkema S.A., Ellsworth Adhesives, Saint Gobain SA, Sika AG, Dow Inc., Wacker Chemie AG, and Ashland Inc. among others.

Based on the application, the market is divided into tapes, labels, graphic films, medical adhesives, and others.

Based on the application, the pressure sensitive adhesives (PSA) market is divided into packaging, automotive, healthcare, electronics, building and construction, consumer goods and others.

The market is broken down into the United States of America and Canada.

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