ID: MRFR/CnM/7057-HCR | February 2021 | Region: Global | 185 pages
According to MRFR analysis, the global Tackifier Market is projected to be worth USD 5.73 billion by 2028, registering a CAGR of 4.81% during the forecast period (2021 - 2028), The market was valued at USD 3.56 Billion in 2020.
Tackifiers are glassy, amorphous, light molecular weight compounds with a high glass transition temperature that are dissolved in the polymer matrix of adhesive during formulations to enhance the mobility of base polymer, thereby improving the tack and peel adhesion. Tackifiers can be natural and synthetic. Natural tackifiers can be further classified into rosin and terpene and mainly use pine trees and D-Limonene as their feedstock. Whereas synthetic tackifiers are hydrocarbon resins and use various grade of petroleum resin as their feedstock, such as C5 resin, C9 resin, and Dicyclopentadiene (DCPD). Some of the major applications of tackifiers are in hot-melt adhesives (HMA) and pressure-sensitive adhesives (PSA). Some of the common trade names under which tackifiers sold are Escorez, H51000, NEVTAC LT, Bremasin, Korean, ALX-R6100, SYLVARES 520, and LESTAC-A100.
The major factors driving the growth of the tackifier market is the expanding building & construction industry in the emerging countries, increasing production of automobiles, especially in Asia-Pacific, and increasing demand for tackifiers in the packaging industry, wherein they are used in cases, cartons, flexible packaging, labels, and envelopes. For instance, the Indian infrastructure sector witnessed 91 mergers & acquisition deals worth USD 5.4 billion in 2017.
Globally, the automotive industry is expected to register a growth of 9.8% in its production capacity, manufacturing around 100 million units in 2019, as compared to 91 million units in 2018.
However, the stringent regulations refraining the use of synthetic tackifiers can hinder the growth of the synthetic tackifiers market thus, hampering the overall growth for the tackifiers market during the forecast period.
Pricing and Regulatory Analysis
In 2018, among the natural tackifiers, gum rosin was priced between USD 1900–2200 per ton across the globe. The price of the product witnessed a gradual rise of USD 0.19 to 0.40 from 2015. In the same year, among the synthetic tackifiers, the price of petroleum resin varied between USD 1568 and USD 1582 per ton across the globe, with the highest prices in the Middle East & Africa and Latin America. This trend is likely to continue during the forecast period owing to fluctuating raw material prices.
The stringent regulations set by various organizations on the production of these tackifiers are as follows: American Standards for Testing Materials: ASTM D465-82 for “Standard Test of Methods for Acid Number of Rosin”, ASTM D6267 for “Standard Test Method for Apparent Viscosity of Hydrocarbon Resins at Elevated Temperatures”, ASTM D509-70 for “Standard Methods of Sampling and Grading Rosin”, ASTM D6440 for “Standard Terminology Relating to Hydrocarbon Resins”, and International Standard: IS 553: 1984 for “Specification for Rosin”.
By End-Use Industry
|Market Size||2028: USD 5.73 Billion|
|CAGR||4.81% (2021 - 2028)|
|Forecast Period||2021 - 2028|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Form, Application, End-Use and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Arakawa Chemical Industries Ltd (Japan) – P-90, Eastman Chemical Company (US) – Piccotac 1020, Exxon Mobil Cooperation (US) – Escorez, YASUHARA CHEMICAL CO., Ltd (Japan) – YS RESIN PX, Lawter (US) – Snowtack, Cray Valley (France) – Wingtack, ZEON CORPORATION (Japan) – QUINTONE A100, Kolon Industries, Inc. (South Korea) – SUKOREZ SU-90, SOLTEX (US) – Polyisobutylenes, Foreverest Resources Ltd (China) – H51000, Neville (US) – NEVTAC LT, Robert Kraemer GmbH & Co. KG (Germany) – Bremasin, BASF SE (Germany) – Koresin, Anglxxon Chemical (China) – ALX-R6100, KRATON CORPORATION (US) – SYLVARES 520, LESCO CHEMICAL LIMITED (China) – LESTAC-A100|
|Key Market Opportunities||Fluctuating raw material prices|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
tackifier market is projected to grow at a 4.8% CAGR between 2021-2028.
The APAC region is projected to dominate the tackifier market.
Synthetic tackifier will lead the tackifier market.
Increasing use in the paints and coatings industry and demand for bio-based tackifiers are adding to the tackifier market growth.
Fluctuating raw material cost and limited raw material base may limit the tackifier market growth.