Pressure sensitive adhesives (PSA) have become an indispensable part of various industrial processes due to their versatility. They are used in numerous industries including electronics & laminates, building & construction, food & beverage and automotive & transportation among others.
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Their increasing product demand in various sectors for facilitating efficient bondage is augmenting the growth of pressure sensitive adhesives market. According to the latest report by Global Market Insights, Inc., the industry size is expected to surpass USD 10.5 billion by 2026.
PSAs are classified based on their technology – they fall under the solvent-based, water-based, hot-melt, and UV-cured categories. Here’s an overview of some of the major PSA types and technologies that are being increasingly adopted and are largely contributing to the market share:
Growing proclivity for hot-melt pressure sensitive adhesives
The pressure sensitive adhesives based on hot-melt technology are widely popular for industrial manufacturing. They are known to be a distinguished class of bonding materials that are used in a wide range of consumer products and industrial applications. Although they are solid at room temperature, hot-melt PSAs melt readily and help in obtaining free-flowing liquids that can be dispensed to the target site in a precise and controlled way.
Hot melt pressure sensitive adhesives not only possess excellent tack capabilities but also facilitate significantly faster setup times than their counterparts. On account of their numerous advantages and increasing adoption, hot-melt PSAs market is expected to record a robust CAGR of over 7% through 2026.
Hot-melt PSAs find extensive application in various industries including aerospace. Various aerospace components from external to core composite structures require hot melt adhesives for proper bondage. They are versatile, have excellent fire-retardancy, and are economical. Besides, they cause lesser VOC emissions which helps the aerospace industry comply with stringent regulations.
The flourishing aerospace industry driven by increased investments and production capacities is offering lucrative opportunities for the industry with heightened demand for hot melt PSAs. Quoting an instance, in 2020, as a part of its efforts to expand its footprint in the U.S., Airbus announced to increase the production rate of the A320 family of aircraft.
Rising application of silicon-based pressure sensitive adhesives
Silicone pressure sensitive adhesives are used across numerous applications including masking tape to protect circuit boards, adhesive tapes for electrical insulation as well as protective films for displays and touch screens in electronic devices. The increasing electronics applications are impelling the demand for silicone PSAs based on solvent as well as solvent-free technologies.
Water-based acrylic pressure sensitive adhesives
Water-based pressure sensitive adhesives, which are formulated as the emulsions of acrylic polymers in water, are largely used with paper. In addition, their enhanced water resistance plays a key role in closing the gaps with products based on solvents. Besides, their high tendency to interact with moisture makes them suitable for various industrial applications.
The demand for water-based acrylic PSAs is rising as they provide enhanced cohesive strength. These PSAs poses high peal strength and tack, provide improved worker safety and have good mechanical stability. As they can be both permanent and removable, the preference for water-based acrylic PSAs is increasing.
Environmental benefits of UV-Cured pressure sensitive adhesives
The UV-cured formulations are being extensively used in a large number of applications owing to their health, environmental, and safety advantages. They also help in enhancing the chemical, and temperature properties of pressure sensitive adhesives. On account of these properties as well as their high solvent resistance, UV-cured PSAs market is estimated to record appreciable growth in the coming years.
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To summarize, the ongoing expansion of the aerospace sector leading to increased demand for hot-melt PSAs coupled with the increasing application of silicone PSAs is strengthening the business landscape. In the years ahead, as the expansion of core industries continues at a consistent base, PSAs will continue to reign superior in the industry.
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