Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Pressure-sensitive Adhesives (PSA) Market by Type (Elastomeric Pressure-Sensitive Adhesive, Resin Type Pressure-Sensitive Adhesive), By Application (Packaging, Electronics, Automotive & Transportation, Medical & Healthcare, Building & Construction) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Pressure-sensitive Adhesives (PSA) Market by Type (Elastomeric Pressure-Sensitive Adhesive, Resin Type Pressure-Sensitive Adhesive), By Application (Packaging, Electronics, Automotive & Transportation, Medical & Healthcare, Building & Construction) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 146814 3300 Chemical & Material 377 250 Pages 4.7 (40)
                                          

PressurSensitive Adhesives (PSA) are a type of pressure-sensitive adhesive that is used in the manufacturing of various products. The global pressurSensitive Adhesives (PSA) market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth can be attributed to factors such as increasing demand for PSA in packaging and electronics industries, and growing demand for PSA in medical & healthcare industry. Elastomeric PressurSensitive Adhesive accounted for the largest share of the global pressurSensitive Adhesives (PSA) market in 2018, followed by Resin Type PressurSensitive Adhesive. Elastomeric PressurSensitive Adhesive segment is expected to maintain its dominance throughout the forecast period owing to its high performance and low cost compared with other types of PSAs. Packaging application accounted for the largest share of global pressurSensitive Adhesives (PSA) market in 2018, followed by electronics application segment due to increasing demand from these industries across various regions globally. North America region dominated global pressurSsensitive Adhesives (PSA) market with over 40% share in 2018 due to presence of major players operating within this region and high adoption rate among end-users such as automotive & transportation industry, medical & healthcare industry, building & construction industry etc, which are driving growth within this region during the forecast period.

Some Of The Growth Factors Of This Market:

  1. Increasing demand for adhesive tapes in various industries such as construction, automotive and packaging among others are driving the growth of the global pressure-sensitive adhesives market .
  2. Increasing use of PSA tapes in automobiles due to their ability to provide protection against corrosion and wear & tear is also driving the growth of this market globally.
  3. The increasing use of PSA tapes in automobiles due to their ability to provide protection against corrosion and wear & tear is also driving the growth of this market globally.

Industry Growth Insights published a new data on “Pressure-sensitive Adhesives (PSA) Market”. The research report is titled “Pressure-sensitive Adhesives (PSA) Market research by Types (Elastomeric Pressure-Sensitive Adhesive, Resin Type Pressure-Sensitive Adhesive), By Applications (Packaging, Electronics, Automotive & Transportation, Medical & Healthcare, Building & Construction), By Players/Companies Henkel, Dow, Ashland, Avery Dennison, H.B. Fuller, 3M, Arkema Group, Sika, Scapa Group, ADCO, Adhesives Research, Alfa International, American Biltrite, Beardow & Adams, Bühnen, Collano Adhesives, Benson Polymers, Drytac, Dymax, Evans Adhesive, Franklin International, Huntsman, Mactac, Wacker Chemie”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Pressure-sensitive Adhesives (PSA) Market Research Report

By Type

Elastomeric Pressure-Sensitive Adhesive, Resin Type Pressure-Sensitive Adhesive

By Application

Packaging, Electronics, Automotive & Transportation, Medical & Healthcare, Building & Construction

By Companies

Henkel, Dow, Ashland, Avery Dennison, H.B. Fuller, 3M, Arkema Group, Sika, Scapa Group, ADCO, Adhesives Research, Alfa International, American Biltrite, Beardow & Adams, Bühnen, Collano Adhesives, Benson Polymers, Drytac, Dymax, Evans Adhesive, Franklin International, Huntsman, Mactac, Wacker Chemie

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

250

Number of Tables & Figures

175

Customization Available

Yes, the report can be customized as per your need.


Global Pressure-sensitive Adhesives (PSA) Industry Outlook


Global Pressure-sensitive Adhesives (PSA) Market Report Segments:

The global Pressure-sensitive Adhesives (PSA) market is segmented on the basis of:

Types

Elastomeric Pressure-Sensitive Adhesive, Resin Type Pressure-Sensitive Adhesive

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Packaging, Electronics, Automotive & Transportation, Medical & Healthcare, Building & Construction

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Henkel
  2. Dow
  3. Ashland
  4. Avery Dennison
  5. H.B. Fuller
  6. 3M
  7. Arkema Group
  8. Sika
  9. Scapa Group
  10. ADCO
  11. Adhesives Research
  12. Alfa International
  13. American Biltrite
  14. Beardow & Adams
  15. Bühnen
  16. Collano Adhesives
  17. Benson Polymers
  18. Drytac
  19. Dymax
  20. Evans Adhesive
  21. Franklin International
  22. Huntsman
  23. Mactac
  24. Wacker Chemie

Global Pressure-sensitive Adhesives (PSA) Market Overview


Highlights of The Pressure-sensitive Adhesives (PSA) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Elastomeric Pressure-Sensitive Adhesive
    2. Resin Type Pressure-Sensitive Adhesive
  1. By Application:

    1. Packaging
    2. Electronics
    3. Automotive & Transportation
    4. Medical & Healthcare
    5. Building & Construction
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Pressure-sensitive Adhesives (PSA) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Pressure-sensitive Adhesives (PSA) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


PSA is a type of adhesive that can be activated by pressure. This makes it ideal for use in applications where adhesion is important, such as stickers and labels.

Some of the major players in the pressure-sensitive adhesives (psa) market are Henkel, Dow, Ashland, Avery Dennison, H.B. Fuller, 3M, Arkema Group, Sika, Scapa Group, ADCO, Adhesives Research, Alfa International, American Biltrite, Beardow & Adams, BƒÂ¼hnen, Collano Adhesives, Benson Polymers, Drytac, Dymax, Evans Adhesive, Franklin International, Huntsman, Mactac, Wacker Chemie.

The pressure-sensitive adhesives (psa) market is expected to register a CAGR of 4.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Pressure-sensitive Adhesives (PSA) Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Pressure-sensitive Adhesives (PSA) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Pressure-sensitive Adhesives (PSA) Market - Supply Chain
   4.5. Global Pressure-sensitive Adhesives (PSA) Market Forecast
      4.5.1. Pressure-sensitive Adhesives (PSA) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Pressure-sensitive Adhesives (PSA) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Pressure-sensitive Adhesives (PSA) Market Absolute $ Opportunity

5. Global Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Type
      5.3.1. Elastomeric Pressure-Sensitive Adhesive
      5.3.2. Resin Type Pressure-Sensitive Adhesive
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Application
      6.3.1. Packaging
      6.3.2. Electronics
      6.3.3. Automotive & Transportation
      6.3.4. Medical & Healthcare
      6.3.5. Building & Construction
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Pressure-sensitive Adhesives (PSA) Demand Share Forecast, 2019-2026

9. North America Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Application
      9.4.1. Packaging
      9.4.2. Electronics
      9.4.3. Automotive & Transportation
      9.4.4. Medical & Healthcare
      9.4.5. Building & Construction
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Type
      9.7.1. Elastomeric Pressure-Sensitive Adhesive
      9.7.2. Resin Type Pressure-Sensitive Adhesive
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Pressure-sensitive Adhesives (PSA) Demand Share Forecast, 2019-2026

10. Latin America Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Application
      10.4.1. Packaging
      10.4.2. Electronics
      10.4.3. Automotive & Transportation
      10.4.4. Medical & Healthcare
      10.4.5. Building & Construction
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Type
      10.7.1. Elastomeric Pressure-Sensitive Adhesive
      10.7.2. Resin Type Pressure-Sensitive Adhesive
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Pressure-sensitive Adhesives (PSA) Demand Share Forecast, 2019-2026

11. Europe Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Application
      11.4.1. Packaging
      11.4.2. Electronics
      11.4.3. Automotive & Transportation
      11.4.4. Medical & Healthcare
      11.4.5. Building & Construction
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Pressure-sensitive Adhesives (PSA Market Size and Volume Forecast by Type
      11.7.1. Elastomeric Pressure-Sensitive Adhesive
      11.7.2. Resin Type Pressure-Sensitive Adhesive
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Pressure-sensitive Adhesives (PSA) Demand Share, 2019-2026

12. Asia Pacific Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Application
      12.4.1. Packaging
      12.4.2. Electronics
      12.4.3. Automotive & Transportation
      12.4.4. Medical & Healthcare
      12.4.5. Building & Construction
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Type
      12.7.1. Elastomeric Pressure-Sensitive Adhesive
      12.7.2. Resin Type Pressure-Sensitive Adhesive
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Pressure-sensitive Adhesives (PSA) Demand Share, 2019-2026

13. Middle East & Africa Pressure-sensitive Adhesives (PSA) Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Application
      13.4.1. Packaging
      13.4.2. Electronics
      13.4.3. Automotive & Transportation
      13.4.4. Medical & Healthcare
      13.4.5. Building & Construction
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Pressure-sensitive Adhesives (PSA) Market Size and Volume Forecast by Type
      13.7.1. Elastomeric Pressure-Sensitive Adhesive
      13.7.2. Resin Type Pressure-Sensitive Adhesive
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Pressure-sensitive Adhesives (PSA) Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Pressure-sensitive Adhesives (PSA) Market: Market Share Analysis
   14.2. Pressure-sensitive Adhesives (PSA) Distributors and Customers
   14.3. Pressure-sensitive Adhesives (PSA) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Henkel
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Dow
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Ashland
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Avery Dennison
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. H.B. Fuller
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. 3M
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Arkema Group
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Sika
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Scapa Group
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. ADCO
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Adhesives Research
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Alfa International
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. American Biltrite
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Beardow & Adams
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Bühnen
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Collano Adhesives
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Benson Polymers
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Drytac
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Dymax
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Evans Adhesive
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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