Pressure-Sensitive Adhesives (PSAs)

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U.S. adhesives consumption continued to grow in 2015, a positive trend that began after the culmination of the global recession seven years ago. Compared to 2014, the market has increased by 3% in value terms to $11.3 billion, and by 18% when compared with 2008.

If you own a company that participates in the global adhesives and sealants industry, you’ve likely enjoyed several years of sustained growth bolstered by the performance of major end use sectors such as packaging, construction, and automotive.

From May 15-19, nearly 300 pressure-sensitive adhesive (PSA) tape professionals—including scientists, professors, CEOs, VPs and sales professionals—gathered at the Mandalay Bay Las Vegas Convention Center for the Pressure Sensitive Tape Council’s (PSTC) Tape Summit 2017.

FLEXcon Co. Inc. recently collaborated with Polestar Technologies in Needham Heights, Mass., a company that specializes in high-tech sensors and monitoring equipment. Optical sensor technology is being used with life-support systems such as the mixed gas rebreathers used by emergency personnel, as well as for recreational diving.

The flexible packaging market is projected to expand from $102.19 billion in 2017 to $131.65 billion by 2022, growing at a compound annual growth rate (CAGR) of 5.2%, according to  a recent report from MarketsandMarkets™. Demand is growing for the global flexible plastic packaging market due to an increase in manufacturing activities and rising demand for conveniently packaged products.

Global demand for labels in pharmaceutical applications is projected to increase 7.1% annually to 5.1 billion sq m in 2020, the fastest growth rate among major label markets, according to a new study from The Freedonia Group.