In terms of value, the global tackifier market was valued at $xx million in 2020, and is projected to reach $4277.22 million by 2028, growing at a CAGR of 4.97% during the forecast period. The market study has also analyzed the impact of COVID-19 on the tackifier industry qualitatively and quantitatively.
GLOBAL TACKIFIER MARKET FORECAST 2021-2028
Global Tackifier Market by Type (Synthetic, Natural) by Form (Solid, Resin Dispersion, Liquid) by Application (Pressure Sensitive Adhesive, Hot Melt Adhesive, Other Applications) by End-user (Packaging, Bookbinding, Non-woven, Construction/assembly, Other End-users) and by Geography
In terms of value, the global tackifier market was valued at $xx million in 2020, and is projected to reach $4277.22 million by 2028, growing at a CAGR of 4.97% during the forecast period. The market study has also analyzed the impact of COVID-19 on the tackifier industry qualitatively and quantitatively.
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Key drivers for the global tackifier market are:
- Increased demand from the adhesives industry
- An adhesive is a compound that bonds or adheres two or more substrates together. Tackifiers are important constituents in adhesive formulations to maintain the correct balance between adhesion and cohesion. Thus, the growth of the tackifier market is directly dependent on the adhesives market growth.
- The growing demand from construction, packaging, furniture, footwear, automotive, and consumer electronics industries is the primary factor driving the growth of the adhesives market, and, in turn, the tackifier market.
- Tire & rubber industry pushing tackifier demand
- Rising demand from packaging, construction, and pharmaceutical industries
Key factors restraining the market growth are:
- Fluctuation in raw material prices
- The tackifier market is exposed to fluctuations of crude oil and energy prices. Therefore, the players in the tackifier market use certain risk management tools for hedging.
- Other external factors like interruptions in plant operations, natural disasters, changes in rules & regulations, and transportation problems also have adverse effects on the raw materials’ cost and availability.
- Challenges in selecting a tackifier for pharmaceutical use
The report on the global tackifier market includes the segmentation analysis of type, form, end-user, and application.
Market by Application:
- Pressure Sensitive Adhesive
- Pressure sensitive adhesives are used mainly in labels, graphics, and tapes. Depending upon their application, tapes can be industrial, medical, or specialty. Moreover, labels are primarily used in food packaging, commodities, medical, general-purpose products, pharmaceuticals, and cosmetics.
- In 2020, the majority of the market share, i.e., 58.84%, was captured by the pressure sensitive adhesive segment, under the application category. It is also anticipated to be the fastest-growing application in the market, owing to innovations within sectors, such as automobiles, electronics, household, and industrial.
- Hot Melt Adhesive
- Other Applications
Geographically, the global tackifier market has been segmented on the basis of four major regions, which includes:
- North America: The United States and Canada
- Europe: The United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and Rest of Europe
- Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
- The Asia Pacific is anticipated to be the fastest-growing regional market for tackifiers, with a CAGR of 5.38% during the forecast period. The growth can be attributed to the rising demand for adhesives. A well-established manufacturing base and strong chemical industry, strengthen the adhesives production in the region.
- India is one of the promising markets in the region. The country houses around 40 tire manufacturers and around 6,000 non-tire manufacturers, catering to automotive, railway, aerospace, and other industries. With the increasing investment by the tire manufacturers, the demand for tackifiers are likely to increase over the forecast period
- Rest of World: Latin America, Middle East & Africa
The major players in the global tackifier market are:
- Arakawa Chemical Industries Ltd
- Kraton Corporation
- Yasuhara Chemical Co Ltd
- Les Derives Resiniques Et Terpeniques Sas (DRT)
- Guangdong Komo Co Ltd
- Others
Key strategies adopted by some of these companies:
In December 2020, Arkema acquired Colorado Photopolymer Solutions, a company known for proficiency in photopolymer formulation for the strong-growing 3D printing industry. In October 2020, Eastman collaborated with SEEN AG. In March 2020, Kraton Corporation sold its Cariflex™ business to Daelim Industrial Co. Ltd.
Key findings of the global tackifier market:
- There is a shift towards bio-based tackifiers, and with further R&D and innovation, bio-based tackifiers are projected to occupy a significant share of the market in coming years.
- In the Asia Pacific, China, Japan, South Korea, and India, are the main consumer markets of hot-melt adhesives. The strong demand for hot-melt adhesives in the Asia Pacific is driving the overall tackifier market growth.
Frequently Asked Questions & Answers (FAQs):
- Which aspects are propelling the growth of the tackifier market?
A: The increased demand from the adhesives and tire & rubber industry, coupled with rising demand from the packaging, construction, and pharmaceutical industries, propels the tackifier market growth.
- Which region is likely to dominate the tackifier market?
A: The Asia Pacific, with a market share of 50.72% in 2020, is likely to dominate the tackifier market.
- Which factors may limit the tackifier market growth?
A: Fluctuations in raw material prices and challenges in selecting a tackifier for pharmaceutical use, are hindering the market growth.
- Which end-user will dominate the tackifier market?
A: The packaging industry is anticipated to lead the end-user segment. It accounted for a 32.61% revenue share in 2020.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- INCREASED DEMAND FROM ADHESIVES INDUSTRY
- TIRE & RUBBER INDUSTRY PUSHING TACKIFIER DEMAND
- RISING DEMAND FROM PACKAGING, CONSTRUCTION, AND PHARMACEUTICAL INDUSTRIES
- KEY RESTRAINTS
- FLUCTUATION IN RAW MATERIAL PRICES
- CHALLENGES IN SELECTING A TACKIFIER FOR PHARMACEUTICAL USE
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON TACKIFIER MARKET
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY TYPE
- SYNTHETIC
- NATURAL
- MARKET BY FORM
- SOLID
- RESIN DISPERSION
- LIQUID
- MARKET BY APPLICATION
- PRESSURE SENSITIVE ADHESIVE
- HOT MELT ADHESIVE
- OTHER APPLICATIONS
- MARKET BY END-USER
- PACKAGING
- BOOKBINDING
- NON-WOVEN
- CONSTRUCTION/ASSEMBLY
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- REGIONAL ANALYSIS
- LATIN AMERICA
- MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGER & ACQUISITIONS
- PRODUCT LAUNCH & DEVELOPMENTS
- PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
- BUSINESS EXPANSION/DIVESTITURE
- COMPANY PROFILE
- ARKEMA SA
- EASTMAN CHEMICAL COMPANY
- ARAKAWA CHEMICAL INDUSTRIES LTD
- KRATON CORPORATION
- YASUHARA CHEMICAL CO LTD
- EXXON MOBIL CORPORATION
- WESTROCK COMPANY
- LAWTER INC
- LES DERIVES RESINIQUES ET TERPENIQUES SAS (DRT)
- NATROCHEM INC
- GUANGDONG KOMO CO LTD
- NEVILLE CHEMICAL CO
- TWC GROUP
- TECKREZ INC
- KEY STRATEGIC DEVELOPMENTS
TABLE LIST
TABLE 1: MARKET SNAPSHOT – TACKIFIER
TABLE 2: GLOBAL TACKIFIER MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: GLOBAL TACKIFIER MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL SYNTHETIC MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: GLOBAL SYNTHETIC MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL NATURAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: GLOBAL NATURAL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: GLOBAL TACKIFIER MARKET, BY FORM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: GLOBAL TACKIFIER MARKET, BY FORM, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: GLOBAL SOLID MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 11: GLOBAL SOLID MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: GLOBAL RESIN DISPERSION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 13: GLOBAL RESIN DISPERSION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 14: GLOBAL LIQUID MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 15: GLOBAL LIQUID MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 16: GLOBAL TACKIFIER MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 17: GLOBAL TACKIFIER MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 18: GLOBAL PRESSURE SENSITIVE ADHESIVE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 19: GLOBAL PRESSURE SENSITIVE ADHESIVE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 20: GLOBAL HOT MELT ADHESIVE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 21: GLOBAL HOT MELT ADHESIVE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 22: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 23: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 24: GLOBAL TACKIFIER MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 25: GLOBAL TACKIFIER MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 26: GLOBAL PACKAGING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 27: GLOBAL PACKAGING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 28: GLOBAL BOOKBINDING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 29: GLOBAL BOOKBINDING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 30: GLOBAL NON-WOVEN MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 31: GLOBAL NON-WOVEN MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 32: GLOBAL CONSTRUCTION/ASSEMBLY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 33: GLOBAL CONSTRUCTION/ASSEMBLY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 34: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 35: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 36: GLOBAL TACKIFIER MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 37: GLOBAL TACKIFIER MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 38: NORTH AMERICA TACKIFIER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 39: NORTH AMERICA TACKIFIER MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 40: LEADING PLAYERS OPERATING IN NORTH AMERICA TACKIFIER MARKET
TABLE 41: EUROPE TACKIFIER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 42: EUROPE TACKIFIER MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 43: LEADING PLAYERS OPERATING IN EUROPE TACKIFIER MARKET
TABLE 44: ASIA PACIFIC TACKIFIER MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 45: ASIA PACIFIC TACKIFIER MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 46: LEADING PLAYERS OPERATING IN ASIA PACIFIC TACKIFIER MARKET
TABLE 47: REST OF WORLD TACKIFIER MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 48: REST OF WORLD TACKIFIER MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 49: LEADING PLAYERS OPERATING IN REST OF WORLD TACKIFIER MARKET
FIGURES LIST
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: GLOBAL TACKIFIER MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
FIGURE 6: GLOBAL TACKIFIER MARKET, BY SYNTHETIC, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL TACKIFIER MARKET, BY NATURAL, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL TACKIFIER MARKET, GROWTH POTENTIAL, BY FORM, IN 2020
FIGURE 9: GLOBAL TACKIFIER MARKET, BY SOLID, 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL TACKIFIER MARKET, BY RESIN DISPERSION, 2021-2028 (IN $ MILLION)
FIGURE 11: GLOBAL TACKIFIER MARKET, BY LIQUID, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL TACKIFIER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 13: GLOBAL TACKIFIER MARKET, BY PRESSURE SENSITIVE ADHESIVE, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL TACKIFIER MARKET, BY HOT MELT ADHESIVE, 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL TACKIFIER MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL TACKIFIER MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 17: GLOBAL TACKIFIER MARKET, BY PACKAGING, 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL TACKIFIER MARKET, BY BOOKBINDING, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL TACKIFIER MARKET, BY NON-WOVEN, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL TACKIFIER MARKET, BY CONSTRUCTION/ASSEMBLY, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL TACKIFIER MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA TACKIFIER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 23: UNITED STATES TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 24: CANADA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 25: EUROPE TACKIFIER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 26: UNITED KINGDOM TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 27: GERMANY TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 28: FRANCE TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 29: ITALY TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 30: RUSSIA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 31: BELGIUM TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 32: POLAND TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 33: REST OF EUROPE TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 34: ASIA PACIFIC TACKIFIER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 35: CHINA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 36: JAPAN TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 37: INDIA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 38: SOUTH KOREA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 39: INDONESIA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 40: THAILAND TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 41: VIETNAM TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 42: AUSTRALIA & NEW ZEALAND TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 43: REST OF ASIA PACIFIC TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 44: REST OF WORLD TACKIFIER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 45: LATIN AMERICA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
FIGURE 46: MIDDLE EAST AND AFRICA TACKIFIER MARKET, 2021-2028 (IN $ MILLION)
- MARKET BY TYPE
- SYNTHETIC
- NATURAL
- MARKET BY FORM
- SOLID
- RESIN DISPERSION
- LIQUID
- MARKET BY APPLICATION
- PRESSURE SENSITIVE ADHESIVE
- HOT MELT ADHESIVE
- OTHER APPLICATIONS
- MARKET BY END-USER
- PACKAGING
- BOOKBINDING
- NON-WOVEN
- CONSTRUCTION/ASSEMBLY
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- REGIONAL ANALYSIS
- LATIN AMERICA
- MIDDLE EAST AND AFRICA
- NORTH AMERICA
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