Market for Pressure-Sensitive Adhesives Set for Growth
With opportunities in medical, transportation, food and beverage, and construction, the market for pressure-sensitive adhesives is expected to grow.
Pressure sensitive adhesives (PSAs) have become a valuable part of various industrial processes due, in part, to their versatility. A type of non-reactive adhesive that creates a bond upon the application of pressure, these adhesives are used in various industries, including electronics, laminates, construction, food and beverage, and automotive and transportation.
According to a report by MarketsandMarkets, the pressure-sensitive adhesives market is projected to grow from $13.2 billion in 2022 to $16.9 billion by 2027. This represents a compound annual growth rate (CAGR) of 5.1% over the forecast period. Growth in this market is driven by demand in end-use areas such as packaging, automotive and transportation, healthcare and medical applications, and electrical and electronic equipment. Based on technology, PSAs fall under the following classifications: water-based, solvent-based, hot melts, and UV-cured.