Asia-Pacific Pressure Sensitive Adhesives Market
Breaking News: In February 2017, Avery Dennison announced its decision to acquire Yongle Tape Company Ltd., a manufacturer of specialty tapes and related products used in a variety of industrial markets.
The Asia-Pacific pressure sensitive adhesives (APAC PSA) market is expected to value USD 3,991.5 million in 2017 and reach USD 5735.65 million by 2022, registering a CAGR of 7.52%, during 2017-2022 (the forecast period).
Pressure sensitive adhesives (PSAs) or self-stick adhesives form a bond between adhesive and adherend when the pressure is applied, maintaining a fine balance between the adhesion and cohesion. These adhesives do not require chemical reactions, to develop adhesive forces. Neither do they need activation by heat, water, nor solvent while applying strong holding force on materials, such as plastic, cement, metal, paper, and wood. They are either permanent or removable, and can match with a variety of substrates, such as acrylics, silicone and rubber. Other formulations including polyurethane, vinyl acetate, epoxy, and SBS, among others, are key raw materials used to manufacture PSAs. PSAs are becoming an integral part of various commercial and industrial sectors, owing to its viscous and elastic properties, peel and shear resistance properties, and the initial tack. The major PSA applications considered in this study are tapes, labels, and graphics, among others.
The Asia-Pacific pressure sensitive adhesives market is driven by factors, such as increasing adoption of low-cost flexible packaging aids, and the rapidly growing automotive and electronics industries. However, stringent environmental regulations over VOC emissions are hindering the market growth.
The market has been segmented on the basis of technology, application, resins, mode of application, end-users applications, and geography. Based on technology, the market is segmented into water-based, solvent-based, hot-melt, and radiation. In terms of revenue, in 2016, water-based PSA sub-segment dominated the market. By application, the market has been segmented into tapes, labels, graphics, and others. In terms of revenue, in 2016, the tapes sub-segment dominated the market. The Asia-Pacific pressure sensitive adhesives market, based on resins, has been segmented into acrylics, silicones, elastomers, and others. By mode of application, the Asia-Pacific pressure sensitive adhesives market has been segmented into permanent and peel-able/removable. Based on end-user industry, in 2016, the packaging sub-segment dominated the market and is expected to witness the highest growth rate, during 2017-2022 (the forecast period). The following sample chart shows the end user segmentation share of Asia-Pacific pressure sensitive adhesives market for 2016.
The regional analysis includes China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, and Rest of Asia-Pacific. China is expected to lead the market during 2017-2022 (the forecast period), owing its steady growth in the consumer goods market that includes packaged food, beverages, home care, and beauty and personal care, along with the increasing household income.
Opportunities and Major Players
The adoption of bio-based PSAS, along with focus-shift towards environment-friendly products, is expected offer numerous opportunities for the growth of the Asia-Pacific pressure sensitive adhesives market.
Major Companies and Vendors in the Market Include:
• 3M Company
• Adhesive Technologies Inc. (Adtech)
• Ashland Inc.
• Avery Dennison Corp.
• Beardow & Adams (Adhesives) Ltd.
• Bostik (Arkema)
Key Deliverables in the Study:
• Market analysis, with region-specific assessments and competition analysis on a regional scale
• Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
• Extensively researched competitive landscape section with profiles of major companies, along with their market share
• Identification and analysis of the macro and micro factors that affect the Asia-Pacific pressure sensitive adhesives market on regional scale
• A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information
• Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped