The global pressure sensitive adhesives market is expected to reach USD 14.20 billion by 2024, according to a new report by Grand View Research, Inc. The global industry growth has been driven by high consumption in packaging, automotive, consumer goods, and construction industries.
Pressure sensitive adhesive applications are found to be cost effective in stark contrast to the conventional mechanical fastening methods such as brazing and welding. They form a tight bond between close fitting surfaces that neither damages the paint and laminating surfaces nor causes corrosion associated with using metal fasteners. In light of tightening regulatory intervention to improve fuel efficiency resulting in reduced carbon and Green House Gas (GHG) emissions, automotive OEMs are forced to adopt plastics as a replacement to metals such asaluminum and steel, thereby stimulating PSA demand. Packaging was the leading end-use segment accounting for over 25% of market volume in 2015. Growing demand for labeling and packaging applications making use of PSA owing to improved inventory management and cost effectiveness is expected to support growth. Full Research Report On Global Pressure Sensitive Adhesives Market Analysis: www.grandviewresearch.com/industry-analysis/pressure-sensitive-adhesives-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/plastics-polymers-and-resins Grand View Research has segmented the pressure sensitive adhesives market on the basis of product, end-use, technology and region: Pressure Sensitive Adhesives Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
www.grandviewresearch.com/press-release/global-pressure-sensitive-adhesives-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: www.grandviewresearch.com
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