What is Global Silicone Pressure Sensitive Adhesive (PSA) Market?
The Global Silicone Pressure Sensitive Adhesive (PSA) Market is a vast and dynamic sector that has been gaining significant attention in recent years. This market revolves around the production, distribution, and application of silicone-based adhesives that are pressure-sensitive. These adhesives are unique because they do not require heat, water, or any other form of activation to stick to surfaces. They are designed to adhere to various materials simply under pressure. The market's value was estimated at US$ 634 million in 2023, and it is projected to grow exponentially in the coming years. The increasing demand for these adhesives in various industries, including automotive, electronics, and healthcare, is driving this growth. Furthermore, advancements in technology and the development of innovative products are expected to propel the market even further.
Addition-cure, Peroxide-cure in the Global Silicone Pressure Sensitive Adhesive (PSA) Market:
The Global Silicone Pressure Sensitive Adhesive (PSA) Market is segmented into two main types based on their curing process: Addition-cure and Peroxide-cure. Addition-cure adhesives are created through a platinum-catalyzed hydrosilylation reaction. This process results in a product that offers excellent adhesion, high-temperature resistance, and excellent chemical resistance. On the other hand, Peroxide-cure adhesives are made using a free radical cure system. These adhesives are known for their high bond strength and excellent resistance to heat and chemicals. Both types of adhesives have their unique advantages and are used in various applications depending on the specific requirements. The choice between Addition-cure and Peroxide-cure often depends on factors such as the materials to be bonded, the conditions of use, and the desired properties of the final product.
Tapes, Protective Film in the Global Silicone Pressure Sensitive Adhesive (PSA) Market:
The Global Silicone Pressure Sensitive Adhesive (PSA) Market finds extensive usage in areas such as tapes and protective films. Tapes made with silicone PSA are known for their excellent adhesion, high-temperature resistance, and superior electrical properties. They are widely used in industries such as electronics, automotive, and aerospace for various applications including insulation, masking, and sealing. Protective films, on the other hand, are used to protect surfaces from scratches, dust, and other forms of damage during transportation or installation. Silicone PSA is often used in these films due to its excellent adhesion and easy removal without leaving any residue. The demand for these products is expected to increase in the future, further driving the growth of the market.
Global Silicone Pressure Sensitive Adhesive (PSA) Market Outlook:
Looking at the market outlook for the Global Silicone Pressure Sensitive Adhesive (PSA) Market, it's clear that the sector is on an upward trajectory. In 2023, the market was valued at a substantial US$ 634 million. Fast forward to 2030, and it's predicted that the market will have grown to an impressive US$ 847.8 million. This represents a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2024 to 2030. This growth is being fueled by the increasing demand for Silicone PSA in various industries, coupled with technological advancements and product innovations.
| Report Metric | Details |
| Report Name | Silicone Pressure Sensitive Adhesive (PSA) Market |
| Accounted market size in 2023 | US$ 634 million |
| Forecasted market size in 2030 | US$ 847.8 million |
| CAGR | 4.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Shin-Etsu Chemical, Topco Technologies, Silicone Solutions, DuPont, American Flexible Products (AFP), XJY silicones, Wacker Chemie, Kai Hua Tu Sheng Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
