North America Pressure Sensitive Adhesives Market - Segmented by Technology, Type, Applications, Mode of Applications, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)
The North America Pressure Sensitive Adhesives market are expected to grow at a steady pace during the forecast period, 2018 to 2023. United States is estimated to lead the market owing to its growing packaging and Aerospace industry.
Low-Cost Flexible Packaging Driving the Market
North America is stagnated market, hence, the usage of Low-cost flexible packaging has established itself as the most sought after form in the packaging industry. The demand for low-cost flexible packaging has been consistently increasing in North America, owing to its large food exports and growth in the food-processing sector. The PSA manufacturers are engaged in the manufacturing of easy to use and environment friendly products. Many of the United States companies uses its patented products, which are suitable for baled goods, cheese and meat packaging. The company offers re-sealable packaging adhesives, combined with their patented, which gives benefits to both customers and food manufacturing companies. As packaging industry along with food & beverage industry is growing in the region, therefore, all these aforementioned factors are expected to drive the North American pressure sensitive Adhesives (PSA) market during forecast period.
Water-Borne Pressure Sensitive Adhesives to Dominate the Market
Water-borne Pressure Sensitive Adhesives (PSAs), use water as a solvent, provide a wide array of performance advantages, like better chemical and heat resistance in comparison to other categories. These are highly used in tapes and labels where water is retained and not absorbed by coating. Packaging, Aerospace & construction industries are growing in North America, where the application of water-borne pressure sensitive adhesive is largest. Water-borne adhesives show a promising future as versatile products and does not cause VOC emissions; they are environment-friendly, thus, the United States EPA and REACH in the North America approve their usage. Therefore the market of water-borne PSA is growing in the region.
The United States Dominates the Market
The pressure sensitive adhesives market in the United States is the largest market in North America region, which is estimated to expand at a moderate rate for 2018. The United States has witnessed a constant increase in the use of pressure sensitive adhesives in the recent years, owing to the significant growth of the packaging sector & aero sector, which is the major end-user of the pressure sensitive adhesives market. Packaging sector and construction industry are growing in United States at steady pace. The electronics market in the United States is the largest market in terms of size, and it is expected to remain the leading market because of the advance technology and R&D, along with increasing demand from the consumers. The country’s consumption for pressure sensitive adhesives is expected to grow further as the markets for footwear and textile have increased in the recent years. Therefore, the overall market of pressure sensitive adhesives is expected to have higher growth in the country as its end-user industries are showing a positive growth.
Notable Developments in the Market
December 2017: Henkel had acquired Darex Packaging Technologies business, supplier of high-performance sealants and coatings, for USD 1.05 billion
Major Players: Sika, Henkel, 3M, Arkema Group, DowDuPont, H.B. Fuller Co., and amongst others.
Reasons to Purchase this Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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