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|Global Tackifier Market Scope , Market Share, & Forecast: MarketsandMarkets
by Chemical Research Expert · January 18, 2019
The report聽“Tackifier Market聽By End-use Industry (Packaging, Bookbinding, Nonwoven, ConstructionAssembly), Type (Synthetic & Natural), Form (Solid , Liquid, Resin Dispersion) Application (PSA & HMA), by Region – Global Forecast To 2020″, is projected to reach USD 3.56 Billion by 2020, at a CAGR of 4.8% from 2015 to 2020. The growth of this market is driven by the increasing demand from the adhesives industry.
The adhesives industry has been witnessing a change in recent times, owing to the increased demand for high standard performance adhesives across various end-use industries. These developments in the adhesives industry, are expected to consequently drive the growth of the tackifiers market.
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This research study involves extensive usage of secondary sources, directories , and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource to identify and collect information useful for technical, market-oriented, and commercial aspects of the tackifier market. The research methodology used for this study can be explained as follows:
Analysis of all recent developments in the tackifiers market across the globe with emphasis on emerging regions Analysis of potential applications and end-use industries of tackifiers Analysis of country-wise rate of demand of tackifiers for the past three years Estimation of various costs involved to arrive at the value chain of the tackifiers market Finalization of market size values by triangulation with the supply side data , which includes, product developments, supply chain, and regional demand of tackifiers across the globe
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Packaging is the largest end-use industry for tackifiers, wherein tackifiers are used in flexible packaging, cases, cartoons, labels , and envelopes, among others.
The demand for high quality packaging feedstocks, which have the capability to provide high cost versus performance benefits, such as correct open and setting time for successful closing of packaging products as well as growing demand from the food and beverages industry, is projected to boost the growth of the tackifier market in the near future.
The synthetic tackifiers segment accounted for a larger share of the overall market. The synthetic type of tackifiers are made from petroleum-based hydrocarbon resins, which include aliphatic resins (C5), aromatic (C9), and aliphaticaromatic (C5C9).
With the development of the urban infrastructure and increased manufacturing activities , predominantly in the Asia-Pacific region and the recent decline in the crude oil prices are other factors that are expected to aid the growth of the synthetic tackifiers segment.
The tackifier market in Asia-pacific is anticipated to grow at the highest CAGR between 2015 and 2020. The economies in China and India have witnessed growth, fuelled by the increased construction activities and investments in the expansion or upgradation of manufacturing facilities.
The improving standard of living and growing middle class population are expected to lead to growth in the tackifier end-use industries, such as packaging, nonwoven, and constructionassembly.
China, Japan, and India are the major economies in Asia-Pacific and are expected to provide opportunities for the growth of tackifier end-use industries in near future. Initiatives taken by governments to promote growth in the manufacturing sectors will further aid the growth of the tackifiers market in these countries.
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The ecosystem for tackifiers consists of key suppliers, including tackifier as well as resin manufacturers. These are important participants in the ecosystem of tackifiers markets as they play crucial role in tackifier customizations as per the requirement of the end-user industries.
Various companies , such as Eastman (U.S.), ExxonMobil (U.S.), Arizona Chemicals (U.S.), Arkema (France), DRT (D茅riv茅s R茅siniques et Terp茅niques) (France), Lawter (U.S.), Guangdong Komo Co. Ltd. (China), Yasuhara Chemical Co. , Ltd., (Japan), and Arakawa Chemical (Japan), among others provide tackifiers. The demand side of the tackifiers market comprises packaging, bookbinding, nonwoven, and constructionassembly, among other industries.
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