"Pressure Sensitive Adhesive Market Research Report: Industry Analysis and Market Insights"
According to Data Bridge Market Research, the Pressure
Sensitive Adhesives market is expected to experience a CAGR of 5.8%
during the forecast period of 2022-2029. The growth of the market is mainly
driven by the increasing demand for packaging industries. Pressure-sensitive
adhesive is a type of adhesive that creates a bond with a surface when pressure
is applied. This type of adhesive can be activated without the use of solvents,
water, or heat.
Market Insights and Scope
The pressure sensitive adhesives market is being driven by
an increase in construction activities in developing nations and the
exceptional properties of high-performance coatings. The market growth rate is
also being propelled by the growing demand for high performance coatings from
end-user industries. Opportunities for growth in the pressure sensitive
adhesives market include an increase in research and development activities and
emerging new markets.
On the other hand, the high cost of production will hinder
the growth of the pressure sensitive adhesives market. The phasing out of
solvent-based adhesives to reduce VOC emissions will also pose a challenge to
the growth rate of the pressure sensitive adhesives market.
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