The Global Tackifier Market was worth approximately USD 3.6 billion in 2021 and is expected to rise to approximately USD 5.72 billion by 2028, with a compound yearly growth rate (CAGR) of approximately 4.82% between 2022 and 2028.
The study looks at the worldwide tackifier market drivers, restraints/challenges, and the impact on demand throughout the forecast period. Furthermore, the study investigates emerging potential in the tackifier market. Tackifiers are chemical substances that are widely used in glue manufacturing processes because they improve tackiness. It is the attribute that determines the adhesive’s surface stickiness level.
The chemical has a low molecular weight (measured in Daltons) and a high glass transition temperature, which is the slow and reversible process of raising the temperature to change a hard or brittle substance into a rubbery or fluid state. This is especially noticeable in amorphous materials. Tackifiers exhibit great stress tolerance and compliance when subjected to moderate strain rates, but stiffen when pushed to high strain rates.
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Tackifier Market: Segmentation
The global tackifier market is divided into five segments: shape, type, end-user, application, and geography.
The global market is divided into three segments: liquid, solid, and others, with the solid sector increasing the fastest due to expanded applications of marketed tackifiers in both hot-melt and pressure-sensitive adhesives. Eastman Chemical Firm, a well-known chemical firm, earned more than USD 9.272 billion in revenue in 2019.
The global market is separated into two categories: synthetic and natural, with the former accounting for the lion’s share of the global market. According to the study, adding synthetic tackifiers improves the overall quality of the glue; however, the segment also faces government regulatory concerns. Using 24 parts per hundred rubber (phr) boosted the overall performance of ethylene propylene diene polymethylene (EPDM) rubber, according to research.
Tackifier Market Analysis by Region
Asia-Pacific is expected to lead the global tackifier market in the following years, as it did in 2021, due to increased demand for synthetic and natural tackifiers used in the manufacturing of labels and tapes, as well as rising uses in the packaging and bookbinding industries. The expansion of the regional packaging business could be ascribed to an increase in the food and beverage sector, as well as strong product innovation. In 2018, Asia-Pacific accounted for more than half of the global market. China’s highly regarded chemical sector is a critical economic engine. In 2019, the Chinese chemical industry was worth USD 1.49 trillion, accounting for more than 39% of the worldwide market.
Tackifier Market: Competitive Analysis
The global tackifier market is dominated by players like Eastman Chemical Company, Arakawa Chemical Industries Ltd, Foreverest Resources Ltd, Snowtack, KRATON CORPORATION, ZEON CORPORATION, Robert Kraemer GmbH & Co. KG, and YS RESIN PX.
The global tackifier market is segmented as follows:
By From
Liquid
Solid
Others
By Type
Synthetic
Natural
By End-User
Building & Construction
Packaging
Paints & Coatings
Pulp & Paper
Rubber
By Application
Hot-Melt Adhesives
Pressure-Sensitive Adhesives (PSAs)
By Region
North America
The U.S.
Canada
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