Pressure Sensitive Adhesives Market Size, Share & Trends Report

Pressure Sensitive Adhesives Market Size, Share & Trends Analysis Report By Product (Graphic Films, Tapes), By Technology, By Adhesive Chemistry (Acrylic, Rubber), By End-use (Automotive, Packaging), And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-120-7
  • Number of Pages: 200
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the pressure sensitive adhesives market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for pressure sensitive adhesives market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of pressure sensitive adhesives market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Pressure Sensitive Adhesives Market Categorization:

The pressure sensitive adhesives market was categorized into four segments, namely technology (Water-based, Solvent-based, Hot Melt, Radiation-Cured), adhesive chemistry (Acrylic, Rubber, Silicone), product (Automotive, Electronics, Consumer Goods, Packaging, Construction), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The pressure sensitive adhesives market was segmented into technology, adhesive chemistry, product, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The pressure sensitive adhesives market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; China; India; Japan; and Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Pressure sensitive adhesives market companies & financials:

The pressure sensitive adhesives market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • The 3M Company - The 3M Company, headquartered in Maplewood, Minnesota, U.S., and previously known as the Minnesota Mining and Manufacturing Company, is a multinational conglomerate, founded in 1902. It manufactures diverse products such as optical films, electronic circuits, care, medical, dental, & orthodontic products, electronic materials, laminates, passive fire protection materials, abrasives, and adhesives. The company is fully integrated, wherein, it manufactures pressure-sensitive adhesives along with its application products such as pressure-sensitive adhesive tapes. It has operations in over 65 countries with 29 international business units and 35 laboratories. It sells its products through various distribution channels including wholesalers, retailers, jobbers, distributors, and dealers. As of December 2017, the company had 91,536 employees.

     

  • Ashland  -  Ashland was founded in 1924 and is headquartered in the U.S. It is a manufacturer of chemicals, plastics, motor oil, and other specialized products. The company was originally founded as the Ashland Refining Company and later diversified its portfolio to include numerous products. Currently, the company has four wholly owned divisions, namely Ashland Consumer Markets (Valvoline), Ashland Performance Materials (APM), Ashland Water Technologies, and Ashland Specialty Ingredients. APM’s Specialty Polymers and Adhesives business provides numerous bonding solutions for packaging, transport, construction, marine, metal casting, and other industries. As of September 2018, it had 6,000 employees.

     

  • Avery Dennison -  Avery Dennison was founded in 1935, and it is a global manufacturer and distributor of pressure-sensitive adhesive materials including pressure-sensitive adhesive tapes, self-adhesive labels, tags, apparel branding tags, RFID inlays, and specialty medical products. The company provides sensors and wound dressings among other products for niche applications. The company offers technologies including roll-to-roll processing, high-speed coating, films, functional coatings, micro-replications, printing, and imaging among other emerging products such as bio-based adhesive materials, electronic, and medical materials. The company caters its products to automotive, electronics, building & construction, personal care, and other industrial segments along with converters, original equipment manufacturers, and medical device manufacturers.

     

  • Arkema (Bostik) -  Arkema was founded in 2004 and is headquartered in France. It is a global specialty chemical and advanced material company, which specializes in acrylics, synthetic resins, plastics, polymers, hydrogen peroxide, and chlorine compounds among numerous other chemicals. The company has three distinct business segments including performance products, industrial chemicals, and coating solutions. The company has numerous subsidiaries including Altuglas International, CECA, Bostik, and Coatex. It had 14,000 employees working in over 40 countries. Its production plants are located in North America, Europe, and Asia Pacific. Bostik is a specialist adhesives subsidiary of Arkema, which caters to diverse end-use industries such as transportation, disposable hygiene products, tapes and labels, packaging, assembly, construction, consumer goods, and others.

     

  • H.B. Fuller -  H.B. Fuller was founded in 1887 and is headquartered in the U.S. It is a manufacturer and supplier of adhesives. The company caters its products to diverse applications including packaging, building & construction, paper converting, woodworking, personal hygiene, polymer, general assembly, solar, and others. Its product portfolio consists of sealants, specialty materials, and coatings for numerous end-use industries across the globe. It operates through various business segments, namely Americas Adhesives, EIMEA, Asia Pacific, Construction Products, Engineering Adhesives, and Royal Adhesives. The sales operations of the company are spread in 37 countries across North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. As of December 2018, the company had over 6,000 employees.

     

  • Henkel - Henkel was founded in 1876 and is headquartered in Dusseldorf, Germany. It is engaged in manufacturing consumer and industrial goods. The company operates globally via three distinct business units including home care and laundry, adhesive technologies, and beauty care. Renowned brands such as Persil, Loctite, and Schwarzkopf belong to the Henkel Group. The company has over 53,000 employees, as of 2018, with most of them located outside Germany. Its adhesive brands include LePage, Loctite, UniBond, Pritt Glue, and Polyseamseal. All adhesive systems and solutions are marketed under the Loctite brand name.

     

  • The Dow Chemical Company - The Dow Chemical Company, commonly known as Dow, was established in 1897. It is a U.S.-based multinational chemical company involved in manufacturing plastics, chemicals, and agricultural products across the world. It is headquartered in Midland, Michigan, U.S. As of 2018, the company has a worldwide presence in 180 countries and delivers a wide range of technology-based products related to special chemicals, advanced materials, agro sciences, and plastics sectors. The company offers over 6,000 products, which are manufactured in 201 sites located in 36 countries across the globe. It operates through its various segments, namely agricultural sciences, consumer solutions, infrastructure solutions, performance materials & chemicals, and performance plastics. In addition, it offers acrylics and olefins such as polyethylene, polyolefin, ethylene, benzene, propylene, benzene, and butadiene.

     

  • Cattie Adhesives - Cattie Adhesives manufactures water-based adhesive, solvent-based adhesive, hot-melt adhesive, pressure-sensitive adhesive, heat-seal adhesive, polyurethane adhesive, and dextrin. It provides adhesive technical services such as lab testing services. The company caters its products for several applications including bookbinding, automotive, contract packaging, breweries, foam fabricating, foam packaging, and food & beverage packaging. It also provides pressure-sensitive adhesive solutions for flexible packaging, graphic arts, laminating, product assembly, and labeling.

     

  • Dyna-Tech Adhesives, Inc. - Dyna-Tech Adhesives, Inc., headquartered in the U.S., was founded in 1981, as a division of Rex-Hide Industries. It manufactures hot melt adhesives, water-based adhesives and coatings, packaging adhesives, advanced resin dispersions, and UV&EB coatings and adhesives. It caters its products to the tape, label, and graphics industries. The tape & label segment forms the core of the company and primarily consists of water-based pressure-sensitive adhesives that are either rubber-based or acrylic-based. Over the years, the company expanded into other markets. For instance, Dyna-Tech completed the acquisition of QureTech Division of K. J. Quinn, Inc., which enabled Dyna-Tech to offer product lines such as energy-curable coatings and adhesives for a wide variety of end uses.

     

  • Ester Chemical Industries Pvt. Ltd. - Ester Chemical Industries Pvt. Ltd. was founded in 1988 and is headquartered in Mumbai, India. It is a specialty chemical manufacturing company. Its manufacturing facility is located in the government-regulated industrial hub at Navi Mumbai. The company provides adhesives for paper conversion, labels, lamination, paper packaging, tapes, surface protection, and for medical, hygiene, and healthcare applications. Along with adhesives, it also manufactures textile chemicals, coatings, and paints & inks.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Pressure Sensitive Adhesives Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Pressure Sensitive Adhesives Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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