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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.
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 -
Other prominent vendors in the market include DRT, GUANGDONG KOMO, Lawter, Neville Chemical, Si Group, Teckrez, Terra Novo, and YASUHARA CHEMICAL.
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.
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.
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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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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