Solvent Pressure Sensitive Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Application (Labels, Films, Tapes, and Other Applications), End-User Industry (Automotive, Packaging, Medical, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Solvent Pressure Sensitive Adhesives Industry Overview

Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: < 4.5 %

Major Players


*Disclaimer: Major Players sorted in no particular order


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Solvent Pressure Sensitive Adhesives Market Analysis

The market for solvent pressure sensitive adhesives is expected to grow at a CAGR of around 4.5% during the forecast period. Major factors driving the market studied is increasing adoption of low-cost flexible packaging aids

  • Shifting focus toward bio-based PSA's, and new product development to gain competitive edge is likely to act as an opportunity to the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

Solvent Pressure Sensitive Adhesives Industry Segments

The solvent pressure sensitive adhesives market report includes:

Other Applications
End-user Industry
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Solvent Pressure Sensitive Adhesives Market Trends

This section covers the major market trends shaping the Solvent Pressure Sensitive Adhesives Market according to our research experts:

Increasing Demand for Tapes

  • Tapes are used in day-to-day life, for various purposes, ranging from packaging to attaching.
  • Solvent PSA tapes are widely resistant to weathering and aging that compromises many adhesives, especially when exposed to UV rays, moisture, and chemicals. They maintain stability when exposed to high temperatures, making it go-to adhesive tapes, especially for thermal applications.
  • These tapes are used in day-to-day life for various purposes, ranging from packaging to attaching. Some of the applications of solvent PSA tapes are automotive tape, conspicuity tape, general-purpose permanent tape, and specialty tape.
  • Some of the major advantages of solvent pressure-sensitive adhesives tapes include:
    • Good low and high-temperature performance
    • Suitable for high grab, heat seal, or truck-edge marking
    • Toluene free
    • Very good temperature resistance
    • Good adhesion on various substrates, like ABS, PVC, PS, PA, and aluminum
    • Very aggressive tack
    • For splicing of various materials
    • Very good peel retention on highly plasticized PVC banners
  • Henkel, Dow, etc. are some of the major players involved in the manufacture of solvent acrylic pressure-sensitive graphic tapes.
  • Such factors are likely to increase the demand for the market over the forecast period. 
Solvent Pressure Sensitive Adhesives Market Revenue Share

United States to Dominate the North America Region

  • The United States is the second-largest automotive manufacturer, after China, and had a production of 11.31 billion vehicles in 2018.
  • The automotive production decreased by 8.13% in 2017 to 11,189,985 units. However, the production took up the pace in 2018 and registered growth.
  • However, various automotive manufacturers are planning to invest during the coming years, amid threats from the government to increase levies on auto imports from Mexico.
  • In March 2019, Toyota announced its decision to invest USD 13 billion over the next five years to increase the production of hybrid versions of the RAV4 and Lexus ES.
  • The packaging sector of the United States is growing at a significant pace, and is expected to reach a market value of USD 315.3 billion, during the forecast period. The major driving factor of the market is the rapid increase in the consumption of packaged food.
  • Hence, owing to the increasing demand from end-user industries, the market in the United States is likely to grow during the forecast period.
Solvent Pressure Sensitive Adhesives Market Regional Trends

Solvent Pressure Sensitive Adhesives Market Competitor Analysis

The solvent pressure sensitive adhesives market is partially consolidated. Some of the major players include Henkel AG & Co. KGaA, HB Fuller, Ashland, Dow, and Hexion, amongst others. 

Solvent Pressure Sensitive Adhesives Market Top Players

  1. Dow

  2. Henkel AG & Co. KGaA

  3. H B Fuller

  4. Ashland

*Disclaimer: Major Players sorted in no particular order


Solvent Pressure Sensitive Adhesives Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Adoption of Low Cost Flexible Packaging Aids

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Threats from Water Borne Pressure Sensitive Adhesives

      2. 4.2.2 Stringent Environmental Regulations Regarding VOC Emissions

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Application

      1. 5.1.1 Labels

      2. 5.1.2 Films

      3. 5.1.3 Tapes

      4. 5.1.4 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Packaging

      3. 5.2.3 Medical

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/ Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Avery Dennison

      2. 6.4.2 Henkel AG & Co. KGaA

      3. 6.4.3 H B Fuller

      4. 6.4.4 Ashland

      5. 6.4.5 DowDupont Inc.

      6. 6.4.6 Hexion

      7. 6.4.7 Royal Adhesives and Sealants

      8. 6.4.8 Pidilite Industries Ltd

      9. 6.4.9 Hexion

      10. 6.4.10 Ichemco srl

    5. *List Not Exhaustive

    1. 7.1 Shifting Focus toward Bio-based PSA's

    2. 7.2 New Product Development to Gain Competitive Edge

**Subject to Availability
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Solvent Pressure Sensitive Adhesives Market Research FAQs

The Solvent Pressure Sensitive Adhesives Market is studied from 2018 - 2028.

The Solvent Pressure Sensitive Adhesives Market is growing at a CAGR of <4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Dow, Henkel AG & Co. KGaA, H B Fuller, Ashland are the major companies operating in Solvent Pressure Sensitive Adhesives Market.

Solvent Pressure Sensitive Adhesives Industry Reports

In-depth industry statistics and market share insights of the Solvent Pressure Sensitive Adhesives sector for 2020, 2021, and 2022. The Solvent Pressure Sensitive Adhesives research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Solvent Pressure Sensitive Adhesives report PDF.

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