Global Tackifier Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Hydrocarbon Resins, Rosin Resins, Terpene Resins), By End User (Automotive, Construction, Packaging, Others), And By Geography - Forecasts From 2019 To 2024

  • Published : May 2020
  • Report Code : KSI061611997
  • Pages : 109

The global tackifier market is estimated to witness a CAGR of 4.08% to reach US$3,193.279 million in 2024 from US$2,512.078 million in 2018. Tackifiers are amorphous, glassy, low molecular weight polymers that are used in formulating adhesives to increase the tack and stickiness of the surface of the adhesive. There are hundreds of tackifier resins available but nearly all are based on three basic raw material feed streams, hydrocarbon, rosin, and terpene resins.

Growing demand for adhesive from end-user industries like packaging, automobile, construction, and others, is considered as the driving factor for the growth of the market. The use of adhesives has increased significantly in the last decade in the automotive industry due to several advantages over traditional ways of mechanical fastening such as joining of different substrates, reduction in joint weight, etc. The use of adhesive also eliminates the chances of corrosion at joints. An increase in investment in developing economies in the manufacturing sector has increased the demand for adhesives which widens up the scope of growth for the tackifier market globally. However, the availability of tackifier-free adhesive products is expected to hinder the growth of the market. For example, Kurarity, an acrylic block copolymer produced by Kuraray provides excellent adhesive properties without the use of tackifier. APAC contributes a significant market share due to an increase in investment and manufacturing activities in this region.

• DRIVERS
o Growing demand for adhesives in industries like packaging, automobile, and construction others.
o Increase in investment in developing nations.

• RESTRAINTS
o Availability of tackifier-free adhesive products.

• INDUSTRY UPDATE
o In February 2018, Hexion Inc. introduced a new line of aromatic resin tackifiers with improved performance and better environmental profile compared with current market options
o Braskem offered hydrocarbon resins for adhesive and sealant applications in November 2017.

Global Tackifier Market Scope:

Report Metric Details
 Market size value in 2018  US$2,512.078 million
 Market size value in 2024  US$3,193.279 million
 Growth Rate  CAGR of 4.08% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Type, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Arkema, Arizona Chemicals, Arakawa Chemical Industries Ltd, Yasuhara Chemical, DRT, Eastman Chemical Company, Exxon Mobil Chemical, Lawter, Teckrez, Si Group
 Customization scope  Free report customization with purchase

 

SEGMENTATION

The global tackifier market has been analyzed through the following segments:

• By Type
o Hydrocarbon Resins
o Rosin resins
o Terpene resins

• By End User
o Automotive
o Construction
o Packaging
o Others

• By Geography
o North America
o USA
o Canada
o Mexico

o South America
o Brazil
o Argentina
o Others

o Europe
o Germany
o France
o United Kingdom
o Spain
o Others

o Middle East and Africa
o Saudi Arabia
o Israel
o Others

o Asia Pacific
o China
o Japan
o South Korea
o India
o Others


Frequently Asked Questions (FAQs)

Q1. What will be the global tackifier market size by 2024?
A1. The global tackifier market is estimated to reach a market size of US$3,193.279 million in 2024.

Q2. What are the growth prospects for the tackifier market?
A2. The tackifier market is estimated to witness a CAGR of 4.08% during the forecast period.

Q3. What is the size of global tackifier market?
A3. Tackifier market was valued at US$2,512.078 million in 2018.

Q4. Which region holds the largest market share in the tackifier market?
A4. The Asia Pacific contributes a significant market share due to an increase in investment and manufacturing activities in this region.

Q5. What factors are anticipated to drive the tackifier market growth?
A5. Growing demand for adhesive from end-user industries like packaging, automobile, construction, and others, is considered as the driving factor for the growth of the tackifier market.


1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL TACKIFIER MARKET BY TYPE
5.1. Hydrocarbon resins
5.2. Rosin resins
5.3. Terpene resins
6. GLOBAL TACKIFIER MARKET BY END USER
6.1. Automotive
6.2. Construction
6.3. Packaging
6.4. Others
7. GLOBAL TACKIFIER MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Arkema
9.2. Arizona Chemicals
9.3. Arakawa Chemical Industries Ltd
9.4. Yasuhara Chemical
9.5. DRT
9.6. Eastman Chemical Company
9.7. Exxon Mobil Chemical
9.8. Lawter
9.9. Teckrez
9.10. Si Group
LIST OF FIGURES
LIST OF TABLES


Arkema
Arizona Chemicals
Arakawa Chemical Industries Ltd
Yasuhara Chemical
DRT
Eastman Chemical Company
Exxon Mobil Chemical
Lawter
Teckrez
Si Group