Pune, India, August 2023, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Tackifier Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Tackifier Market” that contains information from 2018 to 2032. The Tackifier market is estimated to register a CAGR of 4.81% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Tackifier market— Arakawa Chemical Industries Ltd (Japan), Eastman Chemical Company (US), Exxon Mobil Cooperation (US), YASUHARA CHEMICAL CO. Ltd (Japan), Lawter (US), Cray Valley (France), ZEON CORPORATION (Japan), Kolon Industries Inc. (South Korea), SOLTEX (US), Foreverest Resources Ltd (China), Neville (US), Robert Kraemer GmbH & Co. KG (Germany), BASF SE (Germany), Anglxxon Chemical (China), KRATON CORPORATION (US), and LESCO CHEMICAL LIMITED (China).
The global Tackifier Market is accounted to register a CAGR of 4.81% during the forecast period and is estimated to reach USD 6.41 Billion by 2032.
The Tackifier Market refers to the industry involved in the production and supply of adhesive additives known as tackifiers. These materials are used to improve the tackiness and adhesion of adhesives, sealants, and other bonding agents, enhancing their performance in various applications like packaging, construction, and automotive industries.
The global Tackifier market has been segmented based on End-use, Form, Type, and Application.
On the basis of End-use, the market is segmented into packaging, building & construction, rubber, paints & coatings and pulp & paper. The market was controlled by the packaging sector. Labels, envelopes, cases, and cartons are just a few of the flexible packaging materials that these adhesives produce. High-quality tackifiers must be used to create package items' opening and closing settings, which will lead to an increase in demand over the next years.
Based on Form, the global Tackifier market has been segmented into solid and liquid. Due to the increased usage of marketed tackifiers in pressure-sensitive and hot-melt adhesives, the solid category produced the most revenue. A well-known chemical manufacturer, The Eastman Chemical Company, generated revenues of approximately $9.27 billion in 2019.
Based on Type, the global Tackifier market has been segmented into natural and synthetic. Due to petroleum resins' better advantages over natural resins, the synthetic category garnered the greatest revenue.
Based on Application, the global Tackifier market has been segmented into pressure-sensitive adhesives (PSAs) and hot-melt adhesives. The segment with the highest revenue was pressure-sensitive adhesives (PSAs). Many end-user industries, including communications, electrical and electronics, packaging, automotive and transportation, are experiencing an increase in demand for pressure-sensitive adhesives.
The global Tackifier market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Tackifier market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Tackifier market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Tackifier market comprises of Middle East, Africa, and Latin America.
The North American Tackifier Market dominated this market in 2022 The increased demand for building chemicals in this area is driving up the demand for tackier. The improvement in consumer finances brought about by ongoing economic growth has increased demand for local textiles, structures, autos, and electrical equipment.
Additionally, the second-largest market share for Tackifier is held by Europe. The increased demand for adhesives and the presence of a robust chemical industry are expected to support the expansion of the regional market growth. Due to the rigorous government limitations on synthetic tackifiers, producers have encouraged the use of natural tackifiers, which has increased regional market growth.
Due to growing applications in the packaging and bookbinding sectors as well as increased demand for synthetic and natural tackifiers for use in the production of labels and tapes, the Asia-Pacific Tackifier Market is anticipated to develop at the quickest CAGR from 2023 to 2032. The growth of the local packaging sector can be attributed to the expansion of the food and beverage industry, the corresponding increase in population, and high levels of product innovation. In addition, the Indian tackifier market had the quickest rate of growth in the Asia-Pacific region, while China's tackifier market had the greatest market share.
Key Findings of the Study
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