Tackifier Market: Global Industry Analysis And Forecast (2024-2030)

Tackifier Market is expected to reach US$ 5.75 Bn in 2030, with a CAGR of 4.9% for the period 2024-2030, because of the increasing demand from the adhesives sector.
Tackifier Market Introduction:
Tackifiers are chemical composites used in the production of adhesives, and they are the most significant component of hot-melt adhesives that require sensitive adhesives. Assembling adhesives, bookbinding adhesives, tapes and labels, leather, a range of construction adhesives, and adhesives mostly used for footwear and rubber goods are only a few of the applications. Tackifiers can be created from naturally occurring compounds or synthesised. Petroleum resins, rosin resins, and terpene resins are the most common feedstocks for tackifiers. C9 aromatic resins and C5 aromatic aliphatic resins are the most commonly used feedstocks, and C5/aromatic resins are the most commonly used resins for this reason. Rosin resin, derived from coniferous and pine trees, is the original resin used in adhesive construction. Terpene resins are renewable resins derived from terpene feedstock, which can be found in citrus fruits and wood.To know about the Research Methodology :- Request Free Sample Report

Key Drivers For The Tackifier Market Are:

• Demand from the adhesives sector has increased.

o A substance that joins or attaches two or more substrates together is known as an adhesive. Tackifiers are crucial ingredients in adhesive formulations because they help to keep the right balance of adhesion and cohesion. As a result, the growth of the tackifier market is directly proportional to the growth of the adhesives market.

o The key reason driving the expansion of the adhesives market, and thus the tackifier market, is increased demand from the construction, packaging, furniture, footwear, automotive, and consumer electronics industries.

• Demand from the packaging, construction, and pharmaceutical industries is increasing.

o The demand for tackifiers as adhesives and sealants is being driven by rapid development in the packaging, construction, and pharmaceutical industries, which is favourably boosting the global tackifier market. In the packaging and construction industries, tackifier adhesives are widely utilised in door sealants, seat upholstery attachments, and packaging tray seals. Solvent-based liquids, tapes, monomer–polymer combinations, emulsions, and liquid or powder curing agents are examples of tackifier adhesives. The popularity of tackifiers is expected to increase as the number of construction projects and furniture sales increase.

Key Factors Restraining The Tackifier Market Growth Are:

• Price fluctuations in raw materials

o The tackifier market is affected by crude oil and energy price variations. As a result, players in the tackifier market use risk management methods to hedge their bets.

o Other external factors, such as plant shutdowns, natural disasters, rule and regulation changes, and transportation issues, have a negative impact on the cost and availability of raw materials.

The Tackifier Market Trends:

• The Building and Construction Industry is Set to Take Over the Market

o Building and construction currently holds the largest proportion of the worldwide tackifiers market among end-user sectors.

o In the building and construction business, pressure-sensitive and water-borne adhesives are in high demand for a variety of applications including heating, ventilation, air conditioning, concrete, joint cements, manufactured housing, resilient flooring, and so on.

o Tackifiers are used in large amounts in these adhesives to improve surface tack, peel, and bonding. The global construction industry is generating growth opportunities for the market under consideration, which is expected to lead to increased demand for tackifiers in the adhesive market.

o As a result of the foregoing considerations, the building and construction industry is expected to dominate the market studied over the forecast period.
Tackifier Market Segment Analysis:
Based On Application Segment: The Tackifier market is further segmented into Pressure sensitive adhesives (PSA) and Hot melt adhesives (HMA).

• Pressure sensitive adhesives (PSA) segment held the largest market share of 58.85% in 2023 and is expected to remains constant position in the future. Thanks to advancements in sectors such as vehicles, electronics, home, and industrial, it is also expected to witness the fastest application in the market.

• Labels, graphics, and tapes all use pressure sensitive adhesives. Tapes might be Industrial, medical, or speciality, depending on their intended use. Moreover, commodities, food-packaging, medical, pharmaceuticals, general purpose product, and cosmetics all use labels.
Tackifier Market Regional Insights:
• Improvements in the Asia-Pacific area's economic conditions have improved customers' financial situations, resulting in increased demand for electronic equipment, buildings, automobiles, and textiles throughout the Asia Pacific.

• China is also a prominent manufacturer and exporter of adhesives to a variety of countries, with a large proportion of the Asia-Pacific tackifier market. The major adhesive manufacturing businesses, such as Henkel AG & Company, KGaA, H B Fuller Company, Ashland, and Evonik Industries AG, all have manufacturing plants in this region, and they plan to add more, which certainly expand adhesive production. The demand for tackifiers is expected to rise as the production of adhesives and related outputs rises.

• So, during the forecast period, the Asia-Pacific is expected to lead the tackifier market.

The objective of the report is to present a comprehensive analysis of the global Tackifier market to the stakeholders in the End-use Industry. The past and current status of the End-use Industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the End-use Industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the End-use Industry to the decision-makers.

The report also helps in understanding the Tackifier dynamics, structure by analyzing the market segments and projecting the Tackifier size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Tackifier market make the report investor’s guide.
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Tackifier Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 4.12 Bn.


Forecast Period 2024 to 2030 CAGR:
4.9%
Market Size in 2030:
US $ 5.75 Bn.


 Segments Covered:
by Type
Synthetic tackifiers
Natural tackifiers


by Form
Solid
Liquid
Resin dispersion


by Application
Pressure sensitive adhesives (PSA)
Hot melt adhesives (HMA)


by End-use Industry
Packaging
Bookbinding
Nonwoven
Construction/assembly
Others



Tackifier Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Tackifier Market, Key Players
1. Eastman
2. Arkema
3. DRT (Dérivés Résiniques et Terpéniques)
4. ExxonMobil Chemical
5. Lawter
6. Yasuhara Chemical
7. WestRock
8. Arakawa Chemical Industries Ltd.
9. Cray Valley
10. ZEON CORPORATION
11. Kolon Industries, Inc.
12. SOLTEX
13. Foreverest Resources Ltd
14. Neville
15. Robert Kraemer GmbH & Co. KG
16. Anglxxon Chemical
17. KRATON CORPORATION
18. LESCO CHEMICAL LIMITED
19. Others

Frequently Asked Questions:

1. Which region has the largest share in Tackifier Market?
Ans: The Asia Pacific held the largest share in 2023.

2. What is the growth rate of the Tackifier Market?
Ans: The Tackifier Market is growing at a CAGR of 4.9% during the forecasting period 2024-2030

3. What segments are covered in the Tackifier market?
Ans: Tackifier Market is segmented into Type, Form, Application, End-use Industry, and Region.

4. Who are the key players in the Tackifier market?
Ans: The important key players in the Tackifier Market are – Eastman, Arkema, DRT (Dérivés Résiniques et Terpéniques), ExxonMobil Chemical, Lawter, Yasuhara Chemical, WestRock, Arakawa Chemical Industries Ltd., Cray Valley, ZEON CORPORATION, Kolon Industries, Inc., SOLTEX, Foreverest Resources Ltd, Neville, Robert Kraemer GmbH & Co. KG, Anglxxon Chemical, KRATON CORPORATION, LESCO CHEMICAL LIMITED, and Others.

5. What is the study period of this market?
Ans: The Tackifier Market is studied from 2023 to 2030