The
piperylene market is expected to grow by USD 428.50 million during 2020-2024,
according to the latest market research report by Technavio.
The demand for piperylene-based adhesives is increasing
significantly in automotive applications as they are used for structural metal
bonding, structural fiber-reinforced plastic bonding, interior trim, exterior
trim, and glass bonding. These adhesives are commonly used in the production of
automobiles and automotive components. These adhesives help in eliminating the
rivets and welds of external body panels and in reducing the vehicle weight,
thereby improving fuel efficiency. Thus, the increase in fuel price and the
rise in environmental concerns such as pollution are expected to drive the use
of adhesives in the automotive industry, thereby driving the growth of the
piperylene market during the forecast period.
As per Technavio, the growing demand for PSA will have a
positive impact on the market and contribute to its growth significantly over
the forecast period. This research report also analyzes other significant
trends and market drivers that will influence market growth over 2020-2024.
Piperylene Market : Growing Demand For PSA
Piperylene is a key ingredient used in the formation of
pressure-sensitive adhesives (PSA). This adhesive adheres to the substrate upon
application of pressure, while other adhesives require solvents or heat as a
means of adhesion. Moreover, PSA is a key category of adhesive tapes and is
relatively thin and flexible with a single or double-sided coating. PSA is widely
used to manufacture pressure-sensitive labels. The increase in e-commerce sales
and demand for clean labels is boosting the demand for pressure-sensitive
labels. These labels on product packaging provide product information which
helps in locating products through barcodes, authenticating devices. They also
add to the visual appeal of product packaging which helps in promotion and
product branding. Thus, the demand for PSA is increasing, which will have a
positive impact on the growth of the market.
Piperylene Market: Segmentation Analysis
This market research report segments the piperylene market by
application (adhesives, plastics and others), and geography (APAC, Europe, MEA,
North America and South America).
The APAC region led the piperylene market in 2019, followed by
Europe, North America, MEA and South America. During the forecast period, the
APAC region is expected to register the highest incremental growth due to
factors such as the increasing demand for infrastructure development and the
presence of the highest number of plastic manufacturing plants in the world.
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