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Global Tackifier Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Chemical and Materials
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Tackifier Market, By Feedstock (Rosin Resins, Petroleum Resins, Terepene Resins), Form (Solid, Liquid, Resin Dispersion), Type (Synthetic Tackifiers, Natural Tackifiers), Application (Pressure Sensitive Adhesives (PSA), Hot Melt Adhesives (HMA), Others), End User (Packaging, Bookbinding, Nonwoven, Construction/Assembly, Others) – Industry Trends and Forecast to 2029

Tackifier Market

Tackifier Market Analysis and Size

Tackifier are used in several applications with new uses which being discovered almost every day. The tackifier will continue developing as a solution to joining and fastening due to advancement in adhesive technology, low cost compared to traditional fastening systems and ease of use. The growth in production and an ongoing shift away from the mechanical fasteners and towards the composites and resins in the manufacture of many durable goods for several industries such as in electronics, automotive, bookbinding, packaging, construction activity and many other are expected to drive the demand of tackifier in the market.

Data Bridge Market Research analyses that the tackifier market is expected to undergo a CAGR of 4.85% during the forecast period. This indicates that the market value, which was USD 3.74 billion in 2021, would rocket up to USD 5.46 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Feedstock (Rosin Resins, Petroleum Resins, Terepene Resins), Form (Solid, Liquid, Resin Dispersion), Type (Synthetic Tackifiers, Natural Tackifiers), Application (Pressure Sensitive Adhesives (PSA), Hot Melt Adhesives (HMA), Others), End User (Packaging, Bookbinding, Nonwoven, Construction/Assembly, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Arkema (France), WestRock Company (U.S.), Arakawa Chemical Industries Ltd (Japan), Eastman Chemical Company (U.S.), Exxon Mobil Cooperation (U.S.), YASUHARA CHEMICAL CO. Ltd (Japan), Lawter (U.S.), Cray Valley (France), ZEON CORPORATION (Japan), Kolon Industries (South Korea), Henkel AG & Co. KgaA (Germany),  H.B. Fuller (U.S.), Sika (Switzerland), 3M (U.S.), Robert Kraemer GmbH & Co. KG (Germany), BASF SE (Germany), Anglxxon Chemical (China), KRATON CORPORATION (U.S.), LESCO CHEMICAL LIMITED (China)

Market Opportunities

  • Increasing awareness about the benefits of Tackifier technique  
  • Rising research and development opportunities

Market Definition

Tackifiers are chemical composites which is used for making adhesives. It is used in hot melt and also used for the production of touchy adhesives. They are used in many applications such leather, tapes and labels, as gathering adhesives, bookbinding adhesives, different types of construction adhesives, and also in footwear and rubber products. Tackifiers are produced by using synthetic or natural materials. The main feedstock used in making tackifiers is petroleum resins, terpene resins and rosin resins. 

Global Tackifier Market Dynamics

Drivers

  • Increasing demand of tackifier in packaging industry

Tackifier are extensively used in the packaging sector. For instance, tackifier is used in the flexible packaging, envelopes, cases, cartoons, labels and among others. Besides, some types of solvents, these tackifier can be used in combination with the tape, which can make the sealing airtight in containers. The high demand for tackifier in the packaging industry is expected to drive the market's growth.

  • High usage of tackifier in automotive sector

Rising demand for low emission and lightweight automotive are expected to drive the growth of pressure-sensitive adhesives market. Polymer-based and hot adhesives are mostly used for panel trim and laminations in the automotive sector. Rising awareness regarding the low weight vehicles with lower emissions and increased fuel efficiency is further anticipated to drive the demand for tackifier in the market.

  • Rising application of petrol-based resin

The growing application of petrol-based resin for the production of PSA and HMA in the construction industry is considered the major factor expected toboost the growth of the global tackifiers market growth. 

Opportunities

  • Increasing demand of bio-based pressure sensitive adhesives

The demand for bio-based tackifier is expected to deliver new opportunity during the forecast period. The rise in demand for sustainable solutions worldwide has created a need for bio-based tackifier. Bio-based tackifiers, are currently in heavy demand due to their nature-friendly nature and need to reduce the carbon footprint in the environment globally. The rising demand of bio-based tackifier will create immense opportunities for the market growth rate.

Furthermore, the, increasing funds for advancement in technology will further increase several opportunities which will lead to the growth of the tackifier market in upcoming years.

Restraints/Challenges

  • Fluctuation in the price of raw materials

Volatility in cost of raw materials is expected to restrain the growth of the pressure sensitive adhesives market. The growth of pressure-sensitive adhesives market is restricted due to the escalation in price of raw materials which required for the production of tackifier.

  • Penetration towards limonene components

Increasing market penetration towards limonene components may hamper the growth of the market. This factor is limiting the adoption of the tackifier market in several industries, thus impeding the market growth rate.

This tackifier market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tackifier market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Tackifier Market

The outbreak of COVID-19 pandemic drew an adverse impact on the global economy and affected the tackifier's growth worldwide. It also posed unprecedented challenges on the sales, demand and production of tackifier considering the delayed activities across several industries such as electronics, construction, automotive and many other sectors. This is on account of the advent of unfavorable situations, including the scarcity of labor and raw materials caused by the imposition of the social distancing and lockdown norms. On the other hand, people preferred packed food products and prepared to eat food items which raise the demand for packaging and thus the demand for tackifier slightly increased during the forecast period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Tackifier Market Scope

The tackifier market is segmented on the basis of feedstock, form, type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Feedstock

  • Rosin Resins
  • Petroleum Resins
  • Terepene Resins

Form

  • Solid
  • Liquid
  • Resin Dispersion

Type

  • Synthetic Tackifiers
  • Natural Tackifiers

Application

End User

  • Packaging
  • Bookbinding
  • Nonwoven
  • Construction/Assembly
  • Others

Tackifier Market Regional Analysis/Insights

The tackifier market is analysed and market size insights and trends are provided by country, feedstock, form, type, application and end user as referenced above.

The countries covered in the tackifier market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the tackifier market due to the growing application of tackifier in several end-use industries such as construction, transportation, packaging, medical & healthcare, and others in this region.

North America will continue to project the highest compound annual growth rate during the forecast period 2022-2029 due to increase in demand for construction chemicals consequently which increases the demand of tackifier in this region

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Tackifier Market Share Analysis

The tackifier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tackifier market.

Some of the major players operating in the tackifier market are:

  • Arkema (France)
  • WestRock Company (U.S.)
  • Arakawa Chemical Industries Ltd (Japan)
  • Eastman Chemical Company (U.S.)
  • Exxon Mobil Cooperation (U.S.)
  • YASUHARA CHEMICAL CO. Ltd (Japan)
  • Lawter (U.S.)
  • Cray Valley (France)
  • ZEON CORPORATION (Japan)
  • Kolon Industries (South Korea)
  • Henkel AG & Co. KgaA (Germany)
  • H.B. Fuller (U.S.)
  • Sika (Switzerland)
  • 3M (U.S.)
  • Robert Kraemer GmbH & Co. KG (Germany)
  • BASF SE (Germany)
  • Anglxxon Chemical (China)
  • KRATON CORPORATION (U.S.)
  • LESCO CHEMICAL LIMITED (China)


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The tackifier market value was USD 3.74 billion in 2021.