The recent study, PressureSensitive Adhesive (PSA) Market forecasts the business performance of thePressure Sensitive Adhesive (PSA) market for the forecast period, 2021 to 2028.The study considers the estimated period as the base duration and brings to light the important information associated with the market size, share and growth rate of the Pressure Sensitive Adhesive (PSA) market. Apart from this, the research closely examines the market share occupied by some of the prominent market players in the Pressure Sensitive Adhesive (PSA) market for the forecast period, 2021 to 2028. Researchers behind the research unmask vital statistics on market segmentation including product types, application, sale and geography.
This study relies on the evolution of the industry to derivethe trends that are observed. A significant increase in the Asian and theMiddle Eastern market is visible, which promises the expansion of the market in the coming years. The chemical industry has witnessed vast growth in the Chinese chemicals sector, which is in turn affecting the value-chain of the European chemicals market. Europe’s chemical market decline could also be blamed on slow innovation rates. The mobility trends that have been observed in the industry are indicative of a drop in the development of transportation fuels, which is pushing the manufacturers to rethink their petrochemical strategy, owing to the chemical and petrochemical integration. A global initiative to ban plastics widely in the market is stemming from the environmental impact of the resins. The Chinese market is highly influenced by the economic transitions, fuel regulations, technological developments, private ownership, capital cost advantage, international trade and progress in the specialty chemicals among others. North America is attracting massive investment for its gas-based chemicals. The growing uncertainties regarding the prices of crude oil will affect the competitive landscape. Meanwhile, factors such as fluctuating prices of crude oil, fiscal policies, rising geopolitical tensions, trade disputes coupled with currency fluctuations might cause a decline in the global growth of the market.
The global pressure sensitive adhesive (PSA)market size is expected to reach USD 15.98 Billion in 2028 and register arevenue CAGR of 5.8% over the forecast period, according to the latest report by Reports and Data. Steady growth in the construction industry and increasing number of construction activities in developing countries are some key factors expected to drive market revenue growth during the forecast period.
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COVID-19 Impact on the Global Pressure Sensitive Adhesive(PSA) Market:
The latest report is the first Pressure Sensitive Adhesive(PSA) market research document covering the current global economic landscapeseverely impacted by the COVID-19 outbreak. The global health emergency has resulted in unprecedented changes in the global economy, thereby disrupting the Pressure Sensitive Adhesive (PSA) business sphere’s functioning. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, with a broad evaluation of the pandemic’s present and future effects.
Key Players Profiled in the Report Include:
Henkel AG & Co. KGaA, The Dow Chemical Company, AveryDennison Corporation, H.B. Fuller Company, The 3M Company, Arkema S.A., SikaAG, Scapa Group, Ashland Global Specialty Chemicals Inc., and Franklin Adhesives & Polymers.
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The Pressure Sensitive Adhesive (PSA) market Share issegmented on the basis of product types and applications offered by the marketto impart an easy understanding of the Pressure Sensitive Adhesive (PSA) market operations and covers:
Product Type Outlook(Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Tapes
Labels
Films
Others
Composition Outlook(Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Acrylic
Rubber
Ethylene Vinyl Acetate
Silicone
Polyurethane
Others
Technology Outlook(Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Water-Based
Radiation Cured
Solvent-Based
Hot Melt
Regional Perspective:
The global Pressure Sensitive Adhesive (PSA) market Size hasbeen categorized into several significant regions, such as North America, AsiaPacific, Europe, Latin America, and Middle East & Africa. This section of the report analyzes the presence of the global Pressure Sensitive Adhesive (PSA) market across the major regions. It determines the market share, market size, revenue contribution, sales network and distribution channel, and other key elements of each regional segment.
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Report Highlights:
Production Analysis: The report entails production analysis of the globalPressure Sensitive Adhesive (PSA) market Growth with respect to the key regional segments, product types, and the broad application gamut. Moreover, the price analysis of the leading companies involved in this sector is also covered in the report.
Sales &Revenue Analysis – The report includes accurate market sales volume and revenueestimations, assessed using useful analytical tools.
Supply andValue Chain Analysis: This section of the report offers a detailed examinationof the global supply and value chains, which have been drastically affected by the COVID-19 pandemic.
CompetitiveScenario: This section highlights both the emerging and dominant players of theglobal Pressure Sensitive Adhesive (PSA) market and summarizes their company profiles, product portfolios, production capacities, and cost and revenue analyses.
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