DUBLIN, Dec 1, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, EVA), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Medical), Region - Global Forecast to 2021" report to their offering.
The pressure sensitive adhesives (PSA) market is projected to reach USD 11.22 Billion by 2021, at a CAGR of 6.1% between 2016 and 2021. The PSA market has witnessed significant growth in the recent years, and this growth is projected to persist in the near future. PSAs, owing to their ability to dampen vibrations, inhibit corrosion, superior bonding, and aesthetics properties, are used in a wide range of end-use industries such as packaging, automotive & transportation, and electronics, electrical & telecommunication. Varied chemistry types of PSA considered in this report include acrylic, rubber, silicone, EVA, and others. The EVA chemistry type is the fastest-growing segment of the PSA market, in terms of volume. On the basis of technology, the pressure sensitive adhesives market has been segmented into water-based, solvent-based, hot melt, and radiation. The water-based technology segment is estimated to account for the largest share of the PSA market in 2016. Water-based PSAs are widely used in varied end-use industries, owing to their ecofriendly nature, safety associated with their use, and cost-effectiveness. The hot melt technology is the fastest-growing segment of the PSA market in terms of value and volume, owing to the increasing applicability of hot melt PSAs in packaging and electronics, electrical & telecommunication end-use industries. Varied applications of PSA include labels, tapes, graphics, and others. Labels is the largest and fastest-growing application segment in the PSA market, in terms of value and volume, owing to the increasing consumption of labels in varied end-use industries, such as medical & healthcare, packaging, and electronics, electrical & telecommunication.