ALBANY, N.Y.--(BUSINESS WIRE)--According to a market study based on the global pressure sensitive adhesives market published by Transparency Market Research (TMR), analysts expect the market to expand at a CAGR of 5.2% during the period from 2013 to 2019 and reach US$7.96 billion by the end of the forecast period.
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The study, titled “Pressure Sensitive Adhesives Market (Water-based, Solvent-based, Hot Melt, Radiation Cured) For Tapes, Specialty, Labels, Graphics, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, notes that, in 2012, the global pressure sensitive adhesives market had reached a value of US$5.58 billion.
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Based on products, the water-based pressure sensitive adhesives market accounted for the biggest share in the overall market in 2012, and was followed by the market for solvent-based pressure sensitive adhesives.
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Based on the application, in 2012, the market for tapes acquired the top position, accounting for 40% of the overall market. Additionally, the market for labels is expected to develop at a CAGR of 5.1% between 2013 and 2019. The increasing usage of RFID labels for improved inventory management is the key reason behind the growth of the labelling industry.
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Regionally, the market for pressure sensitive adhesives is spread across North America, Europe, Asia Pacific, and the Rest of the World, states the report. Among these, in 2012, the market in Asia Pacific occupied a share of over 40% in the global pressure sensitive adhesives market and is expected to retain its leading position.
3M, Avery Dennison Corp., Ashland Inc., BASF SE, Dow Chemicals, Bostik SA, Ellsworth Adhesives, Henkel AG & Co. KGaA, H.B Fuller, and LG Chem are the major players in the global pressure sensitive adhesives market profiled in this report.
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About TMR
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
