The market was valued at USD XX.XX billion in 2016 and is projected to reach USD XX billion by 2021, at a CAGR of XX.XX% during the forecast period.
Pressure sensitive adhesives (PSA) or self-stick adhesives are those adhesives which form a bond between the adhesive and adherent when the pressure is applied. They maintain a fine balance between adhesion and cohesion. These adhesives do not require a chemical reaction to develop the adhesion force. They do not need activation either by heat, water or solvent to apply a strong holding force on various materials such as plastic, cement, metal, paper, and wood. Pressure sensitive adhesives (PSA), owing to their viscous and elastic properties, and peel & shear resistance properties combined with initial tack, are becoming an integral part of various commercial and industrial sectors.
Market Dynamics of the Middle-East and Africa Pressure Sensitive Adhesives (PSA) Market
Middle-East and Africa Pressure Sensitive Adhesives (PSA) Market Segmentation
The Middle-East and African pressure sensitive adhesives (PSA) market can be broadly segmented on the basis of technology (water-borne, solvent-borne, hot melt, and radiation) and on the basis of application (tapes, labels, graphics, and others). The market has also been geographically segmented into Saudi Arabia, South Africa, and the Rest of Middle-East & Africa. In terms of consumption in 2015, the Saudi Arabia led the market with a share of XX.XX%. The growing construction industry, owing to the growing tourism industry and business opportunities, has made the region an area of immense potential and opportunities.
Furthermore, the adoption of bio-based pressure sensitive adhesives and development of high-performance pressure sensitive adhesive tapes by the manufacturers will offer numerous opportunities for the growth of the Middle-East and African pressure sensitive adhesives (PSA) market. Some of the major companies dominating this market for its products, services, and continuous product developments are:
Key Deliverables in the Study