The Asia-Pacific Pressure-sensitive Adhesive (PSA) Market Research Report Forecast 2018-2023: is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The PSA market in Asia-Pacific was estimated at USD 3,991.5 million in 2017. The market is anticipated to register significant growth over 2018 to 2023 (the forecast period), at a CAGR of 7.52%.
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Companies Mentioned are:
3M Company, Ashland Inc., Avery Dennison Corp., Beardow & Adams (Adhesives) Ltd, Bostik, DIC Corp., Dow Chemical Company, Drytac, Franklin International Inc., H.B. Fuller Company, Henkel Ag & Co. Kgaa, Huntsman Corporation, Illinois Tool Works Inc., Jesons Industries Ltd, Mactac AG, Mapei Malaysia Sdn. Bhd., Momentive Specialty Chemicals Inc., Paramelt BV, RPM International Inc.
Increasing Demand for Lightweight Automobiles
Unlike traditional manufacturing methods, adhesives offer the advantage of flexibility during the production process of automotive components. It has been observed that during new car assessment programs and crash tests, vehicles bonded with adhesives perform better compared to welded vehicles, as they do not affect the substrate used in automobile assembly. Moreover, the recent advancements in the adhesives technologies are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. The PSA market in Asia-Pacific is led by the packaging industry, and it is expected to grow significantly over the forecast period, at a CAGR of 7.65%.
China Dominates the Market
The Chinese pressure-sensitive adhesive market is witnessing strong demand from numerous international industries involved in the automotive and electronics sectors. Similarly, high domestic demand for PSA is experienced from the food & beverage and hygienic product industries, due to the huge population of the country. The packaging industry accounted for the maximum share, over 38%, of the pressure-sensitive adhesives market in 2016. The packaging market in China is expected to grow during the forecast period, driven by the steady growth in the consumer goods market, including packaged food, beverages, home care, and beauty and personal care, supported by the rising household income.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Asia-Pacific Pressure-sensitive Adhesive (PSA) Market these regions, from 2018 to 2023 (forecast), covering
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Current and future Asia-Pacific pressure-sensitive adhesive market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porters five forces analysis
Segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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Influence of the Asia-Pacific Pressure-sensitive Adhesive (PSA) market report:`
-Comprehensive assessment of all opportunities and risk in the market.
– Asia-Pacific Pressure-sensitive Adhesive (PSA) market recent innovations and major events.
-Detailed study of business strategies for growth of the market-leading players.
-Conclusive study about the growth plot of Asia-Pacific Pressure-sensitive Adhesive (PSA) market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
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