Global Tackifier Market 2017-2021

Overview of the global tackifier market

Research analysis on the global tackifier market identifies that the rising demand for tackifiers from the packaging, construction, and pharmaceutical industries will be one of the major factors that will have a positive impact on the growth of the market. The rising number of construction projects and the increasing sales of furniture will boost the adoption of tackifiers. Tackifier adhesives are extensively used in door sealants, seat upholstery attachments, and packaging tray seals in the packaging and construction industries. Tackifier adhesives are usually solvent-based liquids, tapes, monomer-polymer mixtures, emulsions, and liquid or powder curing agents. The adoption of tackifiers will increase in the medical industry due to the rising demand for water-based and pressure-based adhesives. Various medical-grade tapes and films can withstand ethylene oxide and gamma sterilization because they use high-quality tackifiers adhesives. Technavio's market research analysts predict that this market will grow at a CAGR of close to 5% by 2021.

In terms of geography, APAC contributed the maximum market shares during 2016 due to the increasing number of construction activities. The market will continue to grow in the region for the next four years due to the rising amount of investments and the upgradation of manufacturing plants. The recent upgrade of hydrocarbon production facilities and the rising demand from the packaging industry, will also drive the demand for tackifiers in APAC.

Competitive landscape and key vendors

The tackifier market is characterized by the presence of international as well as domestic and regional players. These players have huge production facilities and a wide geographical presence. These vendors are increasingly competing against each other based on factors such as variety, price, and quality of their products. Some vendors have a competitive advantage over their competitors due to various factors such as better financial, technological, and other resources. To capture untapped and emerging markets players are focusing on the development of new products and technological advancements.

Key vendors in this market are -

• Arakawa Chemical Industries
• Arkema
• Eastman Chemical
• ExxonMobil
• Kraton

Other prominent vendors in the market include DRT, GUANGDONG KOMO, Lawter, Neville Chemical, Si Group, Teckrez, Terra Novo, and YASUHARA CHEMICAL.

Segmentation by end-user and analysis of the tackifier market

• Automotive
• Packaging
• Non-woven
• Footwear
• Building and construction

The packaging industry was the major end-user for the tackifier market during 2016 since the industry uses more than 70% of the total adhesives that are produced. These adhesives are used to manufacture cases, cartons, labels, envelopes, and flexible packaging materials. The demand for high-quality tackifiers will continue to increase in the forthcoming years because they are used in the production of efficient opening and closing settings of packaging products.

Segmentation by application and analysis of the tackifier market

• Pressure-sensitive adhesives
• Hot-melt adhesives

The demand for pressure-sensitive adhesives in various end-user industries such as automotive and transportation, packaging, electrical and electronics, and telecommunication is increasing. Pressure-sensitive adhesives are used in the production of tapes and labels because they prevent corrosion and reduce vibrations. Product innovations in the flexible packaging market will boost the growth of the pressure-sensitive adhesives segment during the estimated period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global tackifier market?
• What are the key market trends impacting the growth of the global tackifier market?
• What are the challenges to market growth?
• Who are the key vendors in the global tackifier market?
• What are the market opportunities and threats faced by the vendors in the global tackifier market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global tackifier market?

Technavio also offers customization on reports based on specific client requirement.

Tackifiers are used in developing pressure sensitive adhesives, which increase the stickiness of the surface of adhesives. This upcoming market research report on the tackifier market is an integral part of Technavio's chemicals and materials portfolio and offers key insights into the market space for specialty chemicals. Apart from this report, Technavio offers a vast collection of research reports from the chemicals and materials industry by compiling information and insights and taking into account the total market size, recent trends and developments, and competitive landscape.

Research analysts at Technavio perform a rigorous analysis of research journals, expert opinions, and client surveys to oversee primary and secondary research to help the client in making better investment and product decisions. This upcoming market research report on the tackifier market also covers vendors like Arizona Chemical, Arkema, Eastman, ExxonMobil Chemical, and Lawter.

This market research report on the tackifier market also takes into account the growth of related market like the global adhesion promoters market, which is anticipated to post an impressive CAGR of above 6%, during the forecast period. The report also covers various geographies like North America, ROW, Europe, and APAC.

The upcoming industry report on the tackifier market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like metals and minerals and industrial gases. Additionally, the report also includes an analysis of market intelligence parameters such as changing consumer preferences, competitor's product portfolio, consumer buying behavior, and opportunities and challenges faced by the industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.