Middle-East and Africa Pressure Sensitive Adhesives (PSA) Market
The Middle-East and Africa Pressure Sensitive Adhesives (PSA) Market was valued at USD billion in 2014 and is projected to reach USD billion by 2020, at a CAGR of during the forecast period from 2014 to 2020. Pressure Sensitive Adhesives (PSA) or self-stick adhesives, is an adhesive, which forms a bond between the adhesive and adherend when the pressure is applied. It maintains a fine balance between the adhesion and cohesion. These adhesives do not require 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 and sheer resistance properties combined with initial tack, is becoming an integral part of various commercial and industrial sectors. In the Middle-East and Africa Pressure Sensitive Adhesives (PSA) market report, we have taken the following major applications into consideration: Tapes, Labels, Graphics, and Others.
This market is driven by a number of factors, such as rapidly growing construction industry and rapidly growing automotive industry. However, this market faces certain drawbacks, such as volatility in the raw material prices and stern environmental regulations to reduce VOC emissions. The aforementioned factors act as a roadblock to the growth of the market.
The Middle-East and Africa Pressure Sensitive Adhesives (PSA) market, on the basis of technology can be broadly segmented into water-borne, solvent-borne, hot melt, and radiation. The market has also been geographically segmented into Saudi Arabia, South Africa, and Rest of Middle-East and Africa. In terms of consumption in 2014, the Saudi Arabia led the market with a share of. The booming 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 in the growth of the Middle-East and Africa Pressure Sensitive Adhesives (PSA) Market. Some of the major companies dominating this market for its products, services, and continuous product developments are 3M, Avery Dennison, Arkema Group (Bostik SA), H.B. Fuller, Jowat AG, Franklin International, Sika AG, and Collano Adhesives AG.