Tackifier Market : would rocket up to USD 5.46 billion by 2029, Industry Trends, Development Factors, Business Insights, Market Analysis Insight, Key Highlights

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.

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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 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

Pressure Sensitive Adhesives(PSA)
Hot Melt Adhesives (HMA)
Others

End User

Packaging
Bookbinding
Nonwoven
Construction/Assembly
Others

 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)
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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 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

Key questions answered in the report:

What will the market development pace of Tackifier market?
What are the key factors driving the Global Tackifier market?
Who are the key manufacturers in market space?
What are the market openings, market hazard and market outline of the market?
What are sales, revenue, and price analysis of top manufacturers of Tackifier market?
Who are the distributors, traders, and dealers of Tackifier market?
What are the Tackifier market opportunities and threats faced by the vendors in the Global Tackifier industries?
What are deals, income, and value examination by types and utilizations of the market?
What are deals, income, and value examination by areas of enterprises?

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