Pressure Sensitive Adhesives are a class of non-reactive adhesive composites that form a bond when pressure is applied, generally finger pressure, to bond the adhesive with the surface and do not undergo the liquid to solid transition but remain viscous. According to BlueQuark Research & Consulting, the global Pressure Sensitive Adhesives market is expected to witness a significant growth rate during the forecasted period. Factors like low processing cost and excellent durability have increased the usage in the Packaging industry, thereby expected to drive the global Pressure Sensitive Adhesives market in the forecasted period. Further, the wide variation of materials that the adhesive can bond with has increased its usage in various sectors, thus driving the global Pressure Sensitive Adhesives market in the forecasted period. Furthermore, the increased use of Pressure Sensitive Adhesives in the Electronics Industry due to their attractive properties like quick-bond, chemical resistance, etc., is predicted to drive the global Pressure Sensitive Adhesives market in the forecasted period. However, factors like the irregular price of the raw materials and essential intermediates are expected to hamper the drive of the Global Pressure Sensitive Adhesives market in the forecasted period. 

Pressure Sensitive Adhesive is primarily utilized for packaging snacks, confectionery, agricultural chemicals, meat, medical products, shrink labels for fast-moving consumer goods (FMCG) manufacturers, etc. 

The Primary use of PSAs is in the Packaging Industry. There has been a magnificent surge in the usage of Pressure Sensitive Adhesives in the packaging industry due to their desirable properties like chemical resistance, heat resistance, weather resistance, excellent transparency, wettability, and high initial and final bond strength, thereby driving the global Pressure Sensitive adhesive market. Adhesives play a vital role in ensuring that the product packaging remains intact until it reaches the consumer. As there is an increase in several new products and product proliferation, packaging operations require a reliable adhesive to meet the surging complex packaging demands. PSAs provide a timely way to make products compliant and shelf-ready. PSAs are safer than glue sticks and more distinct than traditional tape. Unlike glue sticks, pressure-sensitive adhesives do not need heat during application. The absence of heat eliminates burns and raises safety among plant workers. Additionally, PSAs are less invasive on packaging graphics, offering the required adhesion without sacrificing the brand image. Pressure-sensitive adhesives are less visible packaging solutions that preserve the brand and maximize the impact. Further, there's been a transition, mainly in the manufacturing and industrial sectors, towards flexible packaging instead of rigid packaging for the benefits of a lightweight, easy handling, longer shelf-life, etc., thereby driving the market for Pressure Sensitive Adhesive. Furthermore, many Repackaging or Reworking in the packaging industry increase the cost & time, whereas using Pressure Sensitive Adhesives can provide a timely and cost-effective solution. Also, PSAs bonds can be cleanly eliminated without leaving any residue behind, thereby preventing the brand image as an elite product. Applying pressure-sensitive adhesives is time-saving, as there is no need to wait until they cure. The moment they are used, they compress the substrate, right at the moment when adhesion takes place. Instant bonding rises the processing speed, as well as improves production. The brand image relies heavily on the appearance of the packaging. PSAs provide a bond that removes cleanly without damaging the packaging or leaving behind residue. Preserving brand image adds to your consumer appeal. Furthermore, factors like safety for plant workers as Pressure Sensitive Adhesive does not require heat during the application, unlike glue sticks, are evaluated to drive the growth of the Pressure Sensitive Adhesive Market. These factors are awaited to drive the Global Pressure Sensitive Adhesives market development.  

The Asia-Pacific region is awaited to be a market leader as it is one of the fastest-growing markets for Pressure Sensitive Adhesive. The increasing need for food and packaging industries from emerging countries, especially China, India, Japan, etc., has elevated the need for Pressure Sensitive Adhesives in these regions, fueling the Asia-Pacific region's market. China and India are the prime consumers in Asia Pacific Region, with China holding a sizeable economic GDP. Acrylic-based pressure-sensitive adhesives (PSA) are thermoplastic and can be formulated with acrylic monomers and polymers with a low glass transition temperature. These pressure-sensitive adhesives are versatile, low-cost, and offer enhanced performance characteristics, making them suitable for label applications. Acrylic PSA is polar and tends to stick well to contrasting materials or substrates such as metals, glass, polyesters, polycarbonates, and neoprene. Further, China is one of the leading exporters of adhesive products (labels, tapes, etc.) with a high product range provided by the vendor due to which the international players currently dominate the Chinese market for PSAs with local producers investing in R&D to acquire a significant share of the national market, which in turn is anticipated to increase the usage of Pressure Sensitive Adhesive in this region. The Indian government is focusing on the agri-food sector. The supply of processed agri-foods is predicted to increase, resulting in increased usage of Pressure Sensitive Adhesive. Construction and roofing tapes are other applications that use hot melt pressure-sensitive adhesives. In addition, connecting two wood components with tapes made up of pressure-sensitive adhesives offers benefits such as enhanced combined ductility and seal protection from water imposition damages that are usually caused due to hurricanes. A particular country's economic development is mainly dependent upon the construction industry. Factors like these have made Asia-Pacific a vital scope for the global Pressure Sensitive Adhesives market in the forecasted period.

Some of the global market's key players are Ashland, 3M Company, H.B.Fuller, Sika, The Arkema Group, and  Henkel. 

In Feb 2021, BASF introduced new water-based Pressure Sensitive Adhesives for filmic labels.

In Nov 2020, DELO Launched a new Liquid Pressure Sensitive Adhesive.

Global Pressure Sensitive Adhesive Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Pressure Sensitive Adhesive market by segmenting based by Type (Solvent-Based, Hot melt, Radiation, Water-based & Others), By Resin Type (Acrylic, Silicone, Rubber & Others), By End-User Type (Packaging, Industrial, Electronics, Automation & Transportation, & Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.