Tackifier Market at a CAGR of 4.63% during the forecast period 2016-2021

Reports And Markets Publish a New Market Research Report On –"Tackifier Market - Segmented by Phase, End-User Industries, Form, Feedstock and Geography - Trends and Forecasts (2017 - 2022)"

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The global tackifier market was valued at USD 2,843.1 million in 2015 and is likely to reach USD 3730.18 million by 2021, growing at a CAGR of 4.63% during the forecast period 2016-2021.

Tackifiers are chemical compounds that are used in formulating adhesives and represent the major part of the hot-melt and pressure sensitive adhesives. They are used in a wide-range of applications, such as tapes and labels, assembly adhesives, various construction adhesives, bookbinding adhesives, and adhesives used for footwear, leather, and rubber articles.

Tackifiers are either made from naturally occurring materials or produced synthetically. The main feedstock used in manufacturing tackifiers are rosin resins, petroleum resins, and terpene resins. Petroleum resins are by far the largely used feedstock, and C5 aromatic aliphatic resins, C9 aromatic resins, and C5/C9 aliphatic/aromatic resins are the major resins used for this purpose. Rosin resin is the oldest resin used in adhesive manufacturing and is obtained from pine and coniferous trees. Terpene resins are renewable resins, which are derived from terpene feedstock, either from wood sources or citrus fruits

Market Dynamics

The tackifiers market is driven by the growing urban infrastructure in the developing countries and a high demand for hot-melt adhesives in the Asia-Pacific region. However, this market faces certain drawbacks, such as volatility in the raw material prices and shifting of petroleum cracking towards lighter feed. These factors may act as a roadblock to the growth of the market.

The Asia-Pacific region accounts for the largest share of the market, by revenue, and is expected to witness the highest growth rate during the forecast period. The following chart shows the tackifiers market by region:-

Market Segmentation

Based on the form of tackifiers, the market is segmented into solids, liquids, and resin dispersions. By application, the market is divided into tapes & labels (including pressure sensitive adhesives (PSAs)), assembly adhesives, bookbinding adhesives, footwear, leather & rubber articles, and others (road marking, paints & coatings, inks, etc.).

The major end-user industries of tackifiers include automotive, building & construction (including furniture), non-woven, packaging, and footwear. Packaging industry dominates the global tackifiers market, regarding revenue, accounting for about 50% of the market.

It is also expected to be the fastest-growing segment, during the forecast period, owing to the growing packaging industry in the Asia-Pacific region. Transportation segment accounts for the second highest market share, regarding revenue.

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Opportunities and Market Players

There is a shifting focus towards bio-based tackifiers, of late, and rising demand from pressure sensitive adhesives (PSAs), which are offering new opportunities to the market. The major players in the market are taking advantage of this and are actively involved in joint ventures & acquisitions and investments in R&D activities.

The major companies dominating this market, for their products, services, and continuous product developments, are:

Eastman Chemical Company
Arkema Group
Arizona Chemicals
Guangdong Komo Co Limited
ExxonMobil

Key Deliverables in the Study

Market analysis for the global tackifier market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the global tackifier market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.

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