Global Tackifier Market was valued at US$ 3.41 Bn in 2019 and is expected to reach US$ 5.00 Bn by 2027, at a CAGR of 4.9 % during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The report also helps in understanding tackifier market dynamics, structure by identifying and analyzing the market segments by Type, form, End User, application, and region and, project the global market size. Further, report also focus on competitive analysis of key players by Materials, price, financial position, Materials portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.
Tackifiers are chemical composite that are mostly used in creating adhesives and signifies the most important part of the hot-melt and demands sensitive adhesives. They are utilized in a numerous applications, for instance assembly adhesives, bookbinding adhesives, tapes and labels, leather, a variety of construction adhesives, and adhesives mainly used for footwear, and rubber articles. They are usually made from naturally happening materials or formed synthetically. The main raw material used in making tackifiers are petroleum resins, rosin resins, and terpene resins. Petroleum resins are by far used raw material, C9 aromatic resins, and C5 aromatic aliphatic resins, and C5/aromatic resins are the most important resins used for this reason. Rosin resin is the oldest resin used in adhesive built-up and is acquired from coniferous and pine trees.
Growing demand for adhesives from end-use industries, product advancements in the tire industry, and growing demand from the packaging industry are the major driving factor for the market. The market is also driven by increasing urban infrastructure in the developing countries and high demand for hot melt adhesives in the market. Limited feedstock supply and volatility of raw material prices, and increasing market penetration of limonene acts as a restraining factor for the growth of the tackifiers market in the forecast period.
Based on type, the synthetic tackifiers segment accounted for a larger share of the overall market. Synthetic tackifiers are usually used to maintain the balance between adhesion and cohesion and increase the high temperature adhesion properties of the material. Synthetic tackifiers have good resistance towards aging and cohesion. Polymer and plastics industry displays a major growth, owing to which synthetic tackifiers market is expected witness healthy growth in forecast period.
Based on end user industry, Packaging is the largest end-use industry for tackifiers and also expects to be the dominant through the forecast period. Packaging industry dominates the global market, accounting for about 50% of the market. Rising demand for biodegradable packaging materials is likely to boost the demand for tackifiers in the packaging industry.
Based on application, Pressure Sensitive Adhesives (PSA) expected to contribute the highest share to the tackifier market. Depending upon the application, tackifiers are widely used in Pressure Sensitive Adhesives for the manufacturing of tapes, labels, and graphics industries. These tapes, labels are usually used in the packaging, medical, food packaging which help to grow the market in the forecast period.
Asia Pacific is estimated to be the dominant region in the Tackifier market over the forecast period. The countries in the region have more demand due to the adhesives. This encourages key players to invest in the Tackifier market in this region. Furthermore, growing improvement in the economic conditions of the region has enhanced the financial status of the consumer, which in turn, has increased the demand of packaging in the food and beverages and medical sector.
The Scope of Global Tackifier Market:
Global Tackifier Market, by Type:
• Synthetic tackifiers
• Natural tackifiers
Global Tackifier Market, by Form:
Global Tackifier Market, by End User:
Global Tackifier Market, by Application:
• Pressure sensitive adhesives (PSA)
• Hot melt adhesives (HMA)
Global Tackifier Market, by Region:
• North America
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Tackifier Market:
• DRT (Derives Resiniques et Terpéniques)
• ExxonMobil Chemical
• Yasuhara Chemical
• Arizona Chemicals
• Guangdong Komo Co Limited
• Arakawa Chemical Industries Ltd.
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