According to the report by Expert Market Research (EMR), the global acrylic pressure sensitive adhesives market size is projected to grow at a CAGR of 6.1% between 2024 and 2032. Aided by its wide-ranging applications across numerous industrial sectors, the market is expected to grow significantly by 2032.
Acrylic pressure sensitive adhesives are renowned for their superior adhesive qualities, versatility, and durability, making them a staple in manufacturing, packaging, automotive, electronics, and healthcare sectors, among others. These adhesives offer the crucial advantage of requiring minimal to no activation to bond materials, simplifying application processes and enhancing production efficiency.
The expansion of key end-use sectors, such as automotive, electronics, and packaging, is directly contributing to the acrylic pressure sensitive adhesives market growth. In the automotive sector, for example, the push towards lighter vehicles for better fuel efficiency necessitates the use of effective bonding solutions like acrylic PSAs. Acrylic PSAs also offer the convenience of easy application, with no need for curing or extensive preparation. This ease of use, combined with their ability to form strong bonds quickly, significantly enhances production efficiency, making them highly desirable for fast-paced manufacturing environments.
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The healthcare sector is witnessing an increased demand for medical-grade acrylic PSAs, driven by the growing need for medical devices, wearables, and transdermal drug delivery systems, which boosts the acrylic pressure sensitive adhesives market expansion. These adhesives are designed to be biocompatible, non-irritating, and provide strong adhesion to skin and other surfaces, which is crucial for patient care and comfort. Innovations in this area are expanding the application of acrylic PSAs in medical and pharmaceutical sectors.
The packaging sector’s shift towards personalized and digitally printed packages is influencing the acrylic pressure sensitive adhesives market. Adhesives compatible with digital printing processes are in demand, as they allow for the production of customised, high-quality packaging. This trend underscores the need for acrylic PSAs that can adhere to various substrates without interfering with print quality or integrity. The ongoing evolution of the automotive and electronics sectors, with a focus on lightweight materials and miniaturisation, respectively, continues to drive the demand for acrylic PSAs. These sectors require adhesives that provide strong bonding, resistance to harsh environments, and compatibility with modern manufacturing processes. As these sectors innovate, the acrylic PSA market must adapt to meet new adhesive requirements.
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The global shift towards sustainability and environmentally friendly manufacturing practices is a significant factor propelling the acrylic pressure sensitive adhesives market share. Companies are increasingly seeking adhesive solutions that reduce environmental impact, aligning with regulatory pressures and consumer preferences for greener products. There’s also an increasing demand for acrylic PSAs that offer additional functionalities beyond adhesion. These include thermal conductivity for heat dissipation in electronics, electrical conductivity for grounding or EMI shielding, and optical clarity for display applications. The development of multi-functional adhesives opens up new possibilities for acrylic PSAs in various high-tech applications.
As per the acrylic pressure sensitive adhesives market analysis, continuous innovations in adhesive formulations have led to the development of acrylic PSAs that boast improved performance characteristics, such as higher temperature resistance, greater durability, and enhanced bonding capabilities with a variety of substrates.
Stringent environmental regulations and standards globally are pushing the market towards products with lower VOC emissions, reduced hazardous substances, and improved recyclability. As per the acrylic pressure sensitive adhesives market outlook, compliance with these regulations not only affects product formulation but also impacts manufacturing processes and supply chains, emphasizing the importance of sustainability throughout the product lifecycle.
Market Segmentation
The 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 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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