Global Tackifier Market Introduction :

The global Tackifier Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”                                                                                           

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Tackifier is a chemical composite that is used in manufacturing of hot-melt and pressure sensitive adhesives. Tackifiers are used in various applications such as assembly adhesives, tapes and labels, bookbinding adhesives, leather, in various construction adhesives, and adhesives that are primarily used for rubber and footwear articles.

In addition, main feedstocks utilized in manufacturing of tackifiers are rosin resins, petroleum resins, and terpene resins. Moreover, rosin resin is oldest resin used in adhesive built-up and is developed from pine trees and coniferous.

Global Tackifier Market: Dynamics

Increasing demand for tackifier across different end-use industries such as construction and packaging is a major factor estimated to drive growth of the target market in the next 10 years.

In addition, increasing adoption of tackifier in various applications such as pressure sensitive adhesives (PSA) and hot melt adhesives (HMA) is another factor expected to drive growth of the target market over next few years.

Increasing number of construction projects in various developing and developed countries is expected boost the adoption of tackifiers, which in turn expected to drive growth of the global market over next few years.

In addition, growing demand for tackifier adhesives from end-use industries and growing demand from the bookbinding and packaging industry are other factors estimated to drive growth of the global market.

However, increasing market penetration of limonene components and availability limited feedstock supply and fluctuating raw material prices are major factors expected to hinder growth of the global market to certain extent.

Global Tackifier Market: Segmental Analysis

On the basis of type, synthetic tackifiers segment is estimated to register moderate share in terms of revenue in the global tackifier market. The synthetic tackifiers are manufactured from petroleum-based hydrocarbon resins such as aromatic (C9), aliphatic resins (C5), and aromatic/aliphatic (C9/C5) The synthetic tackifiers segment revenue is expected to register highest CAGR over the forecast.

On the basis of end-use industries, packaging segment is expected to register moderate share in term of revenue in the target tackifier market, owing to increasing adoption for flexible packaging, envelopes, cases, cartoons, and labels, among others. The packaging segment revenue is estimated to register largest CAGR over the forecast.

Global Tackifier Market: Regional Analysis:

Asia Pacific tackifier market is estimated to account for significant share in terms of revenue in the global market. Asia Pacific tackifier market is projected to register fastest growth in terms of revenue over the next 10 years, owing to increasing adoption of tackifiers in the packaging and construction industries.

Growing standard of living and rising middle class population are other factors expected to propel growth of tackifier market in various end-use industries such as nonwoven, packaging, and construction/assembly.

In addition, increasing governments initiatives to promote growth in manufacturing sectors is further expected to drive growth of the global market over the forecast period.

Global Tackifier Market: Segmentation

Segmentation by type:

• Synthetic tackifiers
• Natural tackifiers

Segmentation by form:

• Solid
• Liquid
• Resin dispersion

Segmentation by application:

• Pressure-sensitive adhesives (PSA)
• Hot melt adhesives (HMA)

Segmentation by end-use industries:

• Packaging
• Bookbinding
• Nonwoven
• Construction/assembly

Segmentation by region:

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