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Report
Global Acrylic Pressure Sensitive Adhesives Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 200 Pages I EMR Inc.
Global Acrylic Pressure Sensitive Adhesives (PSA) Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global acrylic pressure sensitive adhesives (PSA) market size, aided by the rising demand for the adhesive from the packaging industry, is projected to grow at a CAGR of 6.1% between 2024 and 2032.
Acrylic pressure sensitive adhesives (PSAs) are a type of adhesive that forms a bond when pressure is applied to marry the adhesive with the adherend. These adhesives do not require water, solvent, or heat to activate their adhesive properties. Acrylic PSAs are formulated from acrylic polymers and are known for their versatility, durability, and excellent performance in a wide range of applications.
The global acrylic pressure sensitive adhesives (PSA) market is undergoing substantial growth, driven by increasing demand for the adhesive across various industries, technological advancements, and a heightened focus on sustainability. Acrylic PSAs, known for their excellent adhesion properties, durability, and versatility, are widely used in applications, ranging from packaging and automotive to electronics and medical devices.
One of the most significant acrylic pressure sensitive adhesives (PSA) market trends is the rising demand for acrylic PSAs from the packaging industry. As e-commerce and logistics sectors continue to expand, the need for reliable and efficient packaging solutions has surged. Acrylic PSAs are extensively used in labels, tapes, and seals due to their strong adhesion, resistance to environmental factors, and ability to bond to various substrates. The increasing preference for flexible packaging, driven by consumer demand for convenience and sustainability, is further boosting the use of acrylic PSAs. Flexible packaging often relies on high-performance adhesives to ensure product integrity and shelf appeal, making acrylic PSAs an ideal choice.
The automotive industry is another major factor propelling the global acrylic pressure sensitive adhesives (PSA) market growth. With ongoing advancements in automotive manufacturing and the shift towards lightweight and electric vehicles, there is a growing need for innovative bonding solutions. Acrylic PSAs are used in various automotive applications, including interior trim, exterior emblems, and electronic component assembly. Their ability to withstand harsh environmental conditions, such as temperature fluctuations and exposure to chemicals, makes them suitable for automotive applications. Additionally, the trend towards reducing vehicle weight to improve fuel efficiency and reduce emissions is leading to the increased use of acrylic PSAs as they provide a lightweight alternative to traditional mechanical fasteners.
Technological advancements are playing a crucial role in the acrylic pressure sensitive adhesives (PSA) market evolution. Innovations in adhesive formulations and manufacturing processes are enhancing the performance characteristics of acrylic PSAs. For instance, the development of solvent-free and water-based acrylic PSAs is gaining traction due to their lower environmental impact and improved safety profiles. These advancements are addressing the growing demand for sustainable and eco-friendly adhesive solutions. Moreover, the incorporation of nanotechnology in adhesive formulations is improving the adhesion strength, thermal stability, and transparency of acrylic PSAs, opening up new application possibilities across various industries.
The growing adoption of acrylic PSAs in the electronics industry is expected to enhance the acrylic pressure sensitive adhesives (PSA) market expansion, driven by the increasing miniaturisation and complexity of electronic devices. Acrylic PSAs are used in the assembly of smartphones, tablets, wearable devices, and other consumer electronics due to their excellent bonding performance and resistance to heat and moisture. The demand for high-performance adhesives that can provide reliable bonding without interfering with electronic functionality is driving the adoption of acrylic PSAs in this sector. Additionally, the trend towards flexible and foldable displays in consumer electronics is creating new opportunities for acrylic PSAs, which are essential for bonding flexible components.
Sustainability is becoming a central theme in the global acrylic pressure sensitive adhesives (PSA) market. As environmental regulations tighten and consumer awareness about sustainability grows, manufacturers are increasingly focusing on developing eco-friendly adhesive solutions. The shift towards renewable raw materials, recyclable adhesives, and reduced volatile organic compounds (VOCs) is evident in the market. Acrylic PSAs, particularly water-based formulations, align well with these sustainability goals. Companies are investing in research and development to create sustainable adhesive products that meet performance requirements while minimizing environmental impact. This trend is expected to drive the market towards more sustainable practices and products.
The medical industry is also contributing to the global acrylic pressure sensitive adhesives (PSA) market growth. Acrylic PSAs are widely used in medical tapes, bandages, wound dressings, and wearable medical devices due to their biocompatibility, hypoallergenic properties, and strong adhesion to the skin. The increasing prevalence of chronic diseases, the ageing population, and the rise in home healthcare are driving the demand for medical adhesives. The need for high-performance, skin-friendly adhesives that can provide secure attachment without causing irritation or damage to the skin is boosting the adoption of acrylic PSAs in the medical sector.
Regional dynamics are shaping the global acrylic pressure sensitive adhesives (PSA) market development. North America and Europe are leading markets, driven by the high adoption rates of advanced adhesive technologies and stringent environmental regulations. The Asia Pacific, particularly China, India, and Japan, is emerging as a significant growth market due to rapid industrialisation, expanding manufacturing sectors, and increasing demand for consumer goods. The growing middle class and rising disposable incomes in these regions are driving the demand for high-quality packaging, electronics, and automotive products, thereby boosting the market for acrylic PSAs.
Market Segmentation
The global acrylic pressure sensitive adhesives (PSA) market can be divided based on type, additives, application, end use, and region.
Market Breakup by Type
- Water Based
- Solvent Based
- Hot Melt
- Radiation
Market Breakup by Additives
- Defoamers
- Neutralising Agents
- Plasticisers
- Surfactants/Wetting Agents
- Tackifiers
- Others
Market Breakup by Application
- Tapes
- Labels
- Graphics (Films)
- Other
Market Breakup by End Use
- Building and Construction
- Electrical and Electronics
- Healthcare
- Paper and Paperboard Packaging
- Transportation
- Other
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global acrylic pressure sensitive adhesives (PSA) market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Acrylic Pressure Sensitive Adhesives (PSA) Market Analysis
8.1 Key Industry Highlights
8.2 Global Acrylic Pressure Sensitive Adhesives (PSA) Historical Market (2018-2023)
8.3 Global Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast (2024-2032)
8.4 Global Acrylic Pressure Sensitive Adhesives (PSA) Market by Type
8.4.1 Water Based
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Solvent Based
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hot Melt
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Radiation
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Acrylic Pressure Sensitive Adhesives (PSA) Market by Additives
8.5.1 Defoamers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Neutralising Agents
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Plasticisers
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Surfactants/Wetting Agents
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Tackifiers
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Acrylic Pressure Sensitive Adhesives (PSA) Market by Application
8.6.1 Tapes
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Labels
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Graphics (Films)
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Other
8.7 Global Acrylic Pressure Sensitive Adhesives (PSA) Market by End Use
8.7.1 Building and Construction
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Electrical and Electronics
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Paper and Paperboard Packaging
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Transportation
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Other
8.8 Global Acrylic Pressure Sensitive Adhesives (PSA) Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Acrylic Pressure Sensitive Adhesives (PSA) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Acrylic Pressure Sensitive Adhesives (PSA) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Acrylic Pressure Sensitive Adhesives (PSA) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Acrylic Pressure Sensitive Adhesives (PSA) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Acrylic Pressure Sensitive Adhesives (PSA) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 3M Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Arkema Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Henkel AG & Co. KGaA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Ashland Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Avery Dennison Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 The Dow Chemical Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Franklin International Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Soken Chemical & Engineering Co., Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Toyo Ink SC Holdings Co., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 No-tape Industrial Co., Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Seiko Pmc Corporation
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Acrylic Pressure Sensitive Adhesives (PSA) Market: Key Industry Highlights, 2018 and 2032
2. Global Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Additives (USD Million), 2018-2023
5. Global Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Additives (USD Million), 2024-2032
6. Global Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Acrylic Pressure Sensitive Adhesives (PSA) Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Acrylic Pressure Sensitive Adhesives (PSA) Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Acrylic Pressure Sensitive Adhesives (PSA) Market Structure
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