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Pressure sensitive Adhesive Market will Adopt New Features

The global Pressure Sensitive Adhesives Market size is projected to grow from USD 9.9 billion in 2020 to USD 12.8 billion by 2025, at a CAGR of 6.2% during the forecast period. 

   Market Major Players are Henkel, Arkema Group, Avery Dennison, Dow Chemical, DOW Corning, Ashland, Scapa Group, 3M, H.B. Fuller, Sika AG, Intertape Polymer, Shurtape Technologies, Additional Companies, ORAFOL Europe, LINTEC Corporation, and Berry Plastics, tesa SE, Lohmann, Scapa and Nitto Denko.

    In February 2020, Henkel Adhesives Technologies opened its new production facility in Kurkumbh, India, near Pune. The unit aims to serve the growing demand for high-performance solutions in adhesives, sealants, and surface treatment products in Indian industries. Designed as a smart factory, the new plant also will also help a wide range of Industry 4.0 operations and meet the highest standards for sustainability.

    Arkema Group manufactured Oct 2020 new product Adaptive3D, through cutting-edge technologies, offers solutions enabling soft and elastomer end-products. The start-up sells photopolymer resins to enable additive manufacturing of tough, strain-tolerant, tear-resistant rubbers. Adaptive3D printable photo-resins are optimized for high-throughput manufacturing of functional complex 3-dimensional plastic and rubber parts in a wide range of applications in the consumer goods, healthcare, industrial, transportation and oil and gas markets.

    Arkema announces the new adhesive plant in Japan. For completing these new capacities Bostik to serve its Japanese customers in the markets like diapers, hygiene, packaging, labeling, transportation and electronics.

    Dow announced on Nov 2020 that it has joined companies from around the world in the creation of a new Consortium, CELAB: Toward a Circular Economy for Labels. CELAB - Circular Economy for Labels - is an industry initiative, founded by companies in the self-adhesive label industry to create greater circularity for its products by enhancing and promoting matrix and release liner recycling around the world.

    In forming CELAB, Dow joins other leading companies in the self-adhesive label industry to facilitate collaboration at a global level, foster regional initiatives and find and encourage the universal adoption of industry best practices for greater sustainability.

    Pressure-sensitive adhesives (PSAs) are up to the challenging. When it comes to PSA tapes for mobile applications like phones or tablets, the challenge is in not only delivering a tape that will act like a tape, but one that also works with a touch-sensitive screen. That same tape also has to deliver protection against falls and drops, or drops of water. In addition, laptop manufacturers demand a tape that holds a screen to its backing, but must also be removable so technicians can get inside and make repairs or replace the screen altogether.

  Laptops have additional demands that present new requirements for PSA manufacturers. For example, tapes need to have a damping effect on keypads to reduce the noise generated by key strikes. (The worst culprit on most keyboards: the space bar.) Basically, the more expensive the device, the higher the expectation of noise reduction.

    By Product it includes Radiation Cured, Water-Based, Hot Melt, Solvent-Based and others. Market segmentation is classified on the basis of applications are Tapes, Labels, Graphics and Others. Geographically market has segmented into North America, Europe, Asia-pacific and Row. From this Asia-pacific are the largest and the fastest-growing market in the global PSAs market. Countries, such as China, India, Japan, and South Korea, have a prime role in the PSAs market in this region. Global growth is expected to be fueled by China, which was the largest market for PSAs in APAC in 2019. This region encompasses a diverse range of economies with different levels of economic development and a large variety of industries. The key industries in this region include manufacturing, mining, semiconductors, electronics, oil & natural gas, textiles, automobiles.

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