Pressure sensitive adhesive market survey
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Market size
In 2023, the global pressure-sensitive adhesive market size reached 66.397 billion yuan, and is expected to reach 82.651 billion yuan by 2029. During the forecast period, the global pressure-sensitive adhesive market is estimated to have an annual compound growth rate of 2.90%.
As one of the important markets for pressure-sensitive adhesives, China also presents a large market size and growth potential. Although the specific scale data for 2023 is not yet clear, from the perspective of industry development trends, with the increase in demand in various application fields, its market size is expected to continue to expand.
Market segments
Product type: Pressure-sensitive adhesives can be mainly divided into silicone type, acrylic type, and rubber type. Among them, acrylic pressure-sensitive adhesives are widely used due to their good adhesion, weather resistance and cost-effectiveness; silicone pressure-sensitive adhesives perform well in special environments such as high temperature and high humidity, and are often used in electronics, medical and other fields with high performance requirements; rubber pressure-sensitive adhesives have excellent elasticity and initial adhesion, and are important in packaging, automobiles and other fields.
Application fields: Pressure-sensitive adhesives are widely used, covering packaging, automobiles and transportation, electronics and telecommunications, medical and health care, architecture and construction and other fields. In the packaging field, pressure-sensitive adhesives are used for products such as labels and tapes. With the development of the e-commerce industry, the demand for pressure-sensitive adhesives for packaging is also increasing; in the automotive industry, pressure-sensitive adhesives can be used for pasting car interiors and fixing car parts; in the electrical and electronic field, pressure-sensitive adhesives are used to fix electronic components and protect circuit boards; in health care, products such as medical tapes and Band-Aids cannot do without pressure-sensitive adhesives; in construction, pressure-sensitive adhesives can be used for pasting waterproof rolls and fixing thermal insulation materials.
Competitive landscape
The global pressure-sensitive adhesive market is highly competitive, with major companies including TESA SE, BERRY PLASTICS CORPORATION, 3M COMPANY, NITTO DENKO CORPORATION, etc. These companies have advantages in technology research and development, product quality, brand influence, etc., and occupy a large market share.
In the Chinese market, in addition to internationally renowned companies, there are also some excellent pressure-sensitive adhesive manufacturers in China, such as Wuhan Huaxia Nanfeng Tape, etc., which are gradually expanding their market share while continuously improving their own technical level and product quality.
Market Trends
Environmental protection: With the improvement of environmental awareness, environmentally friendly pressure-sensitive adhesives have become an important trend in market development. Environmentally friendly products such as bio-based hot-melt pressure-sensitive adhesives have received more and more attention due to their degradability and low pollution, and market demand is expected to grow further in the future.
High performance: The performance requirements of pressure-sensitive adhesives in various application fields are constantly increasing. For example, in the electronics field, pressure-sensitive adhesives with high insulation and low volatility are required; in the automotive field, pressure-sensitive adhesives are required to have good weather resistance and shock resistance. Therefore, the development of high-performance pressure-sensitive adhesive products will be the key to corporate competition.
Multifunctionality: Pressure-sensitive adhesive products with multiple functions will be more popular in the market, such as pressure-sensitive adhesives with waterproof, moisture-proof, fire-proof and other functions, which can meet the diverse needs of different customers.