Tackifiers Market to be Dominated by Automotive Segment through 2028
Global Tackifiers market is
increasing owing to the demand for adhesives in various end use industries.
According to TechSci Research
report, “Tackifiers Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 ",
the
global Tackifiers market is expected to increase at an impressive rate during
the forecast period, 2024-2028. Global Tackifiers market is expected to grow
impressively through 2028 owing to the growing demand for adhesives in various
end use industries. Tackifiers are essential additives used
in various industries to enhance the adhesive properties of materials such as
adhesives, sealants, and coatings. The global tackifiers market is witnessing
significant growth owing to the increasing demand for adhesives and sealants in
various end-use industries.
Tackifiers play a vital role
in enhancing the adhesive properties of various materials. They improve the
initial tack of adhesives, making them stickier and more adhesive to a variety
of surfaces. Tackifiers are available in natural and synthetic forms and they
are widely used in various industries, including packaging, automotive,
construction, and electronics. Understanding the properties of different types
of tackifiers is essential for selecting the appropriate tackifier for a
particular application.
The automotive industry
utilizes tackifiers in various applications, including interior trim, door
panels, headliners, and carpet bonding. Tackifiers improve the bonding of
automotive components and provide resistance to heat, vibration, and chemicals.
With the increasing demand for vehicles worldwide, particularly in emerging
markets, the automotive sector drives the growth of the tackifiers market.
The construction and building
industry is a significant consumer of tackifiers for applications such as
flooring, roofing, insulation, and panel bonding. Tackifiers improve the
adhesive properties of construction materials, providing enhanced bond strength
and durability. The expanding construction activities globally, driven by
urbanization, infrastructure development, and renovation projects, contribute
to the growth of the tackifiers market.
Tackifiers are essential
components in pressure-sensitive adhesives, which have extensive applications
across industries such as automotive, electronics, medical, and tapes. PSAs
provide instant adhesion upon application of light pressure and offer ease of
use. The growing demand for PSAs in various end-use applications, including
labels, tapes, graphics, and medical disposables, fuels the demand for
tackifiers.
Tackifiers market is
dependent on the availability of raw materials such as sulfur and hydrogen
peroxide. Disruptions in the supply chain of these raw materials can lead to
shortages of tackifiers, which can negatively impact the growth of the market.
Additionally, transportation disruptions and natural disasters can also impact
the supply chain of tackifiers.
Hot melt adhesives are a type
of adhesive that is melted and applied in a liquid state. They are widely used
in industries such as packaging, woodworking, and automotive. Tackifiers are an
essential component of hot melt adhesives, as they improve the initial tack and
adhesive strength of the adhesive. The increasing demand for hot melt adhesives
is driving the growth of the tackifiers market.
The Asia-Pacific region is
the fastest-growing market for tackifiers, driven by the increasing demand for
adhesives and sealants in industries such as construction, packaging, and
automotive. China, India, Japan, and South Korea are major contributors to the
growth of the tackifiers market in this region. The growing population and
urbanization in these countries is also driving the demand for adhesives and
sealants, which is in turn driving the growth of the tackifiers market.
Browse over XX market data Figures spread through 110
Pages and an in-depth TOC on " Global Tackifiers Market"
Global Tackifiers Market
is segmented based on type and end user.
Based on type, the market is further divided
into rosin resins, petroleum resins, and terpene resins. Rosin resins segment
is expected to hold the largest market share during the forecast period.
Based on end user, the market
is further divided into automotive, building & construction, packaging,
footwear, non-wovens, and others. the increasing demand for commercial automobiles
worldwide is the primary reason driving the segment's growth.
Major companies operating in Global
Tackifiers Market are:
- Arakawa Chemical Industries,Ltd.
- Kraton Corporation
- Arkema Group
- Eastman Chemical Company
- Exxon Mobil Corporation
- Lawter Inc.
- Neville Chemicals Company
- Natrochem, Inc.
- TWC Group
- Teckrez Inc.
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“The tackifiers market has
experienced several developments in the last few years, ranging from the
emergence of bio-based tackifiers to technological advancements and strategic
collaborations. Manufacturers have been focusing on developing high-performance
products and expanding their presence in emerging markets to tap into the
growing demand for tackifiers. The impact of the COVID-19 pandemic has also
been felt in the market, but the market has shown signs of recovery in recent
months. The future of the tackifiers market looks promising, with the
increasing demand for adhesive materials in various end-use industries and the
focus on sustainable practices." said Mr. Karan Chechi, Research Director with
TechSci research, a research-based global management consulting firm.
“Tackifiers
Market- Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028 Segmented
By Type (Rosin Resins, Petroleum Resins, Terpene Resins), By End User
(Automotive, Building & Construction, Packaging, Footwear, Non-Wovens,
Others), By Region and Competition has evaluated the future
growth potential of Global Tackifiers market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Tackifiers Market.
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