Opportunities created by rising infrastructure initiatives, the booming super and hypercar sectors, and consumer electronics sales are likely to fuel the pressure-sensitive adhesives market size over 2023-2032. Infrastructure development spending has become a go-to solution for many countries as they work towards stimulating their economic recovery in a post-pandemic world. These initiatives are subsequently channelling a notable amount of capital towards pressure-sensitive adhesives from construction projects. Revenues are also likely to be spurred by the expanding food and beverage sector, which is making increasing efforts towards sustainability and eco friendliness.
According to a recent study by Global Market Insights Inc., the pressure-sensitive adhesives market is likely to surpass a valuation of USD 15.4 billion by 2032. Rising incorporation of tapes and adhesives in the automotive sector, expanding product demand from the packaging market, and increasing investments towards medical industry consolidation are expected to augment market outlook.