Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 681.2 Million | USD 965.96 Million | 3.7% | 2024 |
The global tackifier market size was worth around USD 681.2 Million in 2024 and is predicted to grow to around USD 965.96 Million by 2034 with a compound annual growth rate (CAGR) of roughly 3.7% between 2025 and 2034. The report analyzes the global tackifier market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the tackifier industry.
Tackifiers are chemical compounds that are widely used in adhesive manufacturing processes where the compounds act as tackiness-increasing agents. It is the property that defines the surface stickiness level of the adhesive.
The compound has a low molecular weight which is measured in Daltons along with a high glass transition temperature that involves the reversible and slow process of converting hard or brittle material into a rubbery or viscous state by increasing the temperature. This change is mostly observed in amorphous materials. When subjected to lower values of strain rate, tackifiers exhibit high-stress tolerance and compliance and are known to become stiff when subjected to higher strain rates.
Increasing application in the automobile segment to propel market growth
The global tackifier market is projected to grow owing to the increasing application of tackifiers in the automotive and automobile segment. Adhesion sealants are extensively used in joint or welded areas between various structures including civil work vehicles, auto bodies, and construction vehicles. The growth in the automotive segment is projected to drive the demand for tackifiers.
An increasing number of players in the automobile segment offering a variety of products ranging from affordable segments to premium segments, catering to a large section of the consumer segment is propelling the automotive industry which was valued at USD 2.9 trillion in 2021 and may grow further due to rise in a number of high-income groups along with increasing financial assistance creating a friendlier market for low or medium-income groups. For instance, as per Statista, the Ford Motor Company, a leading automobile player globally, sold more than 3.9 million vehicles in 2021 including sales generated from distributors and dealers.
Strict government laws for synthetic tackifiers to restrict market expansion
Synthetic tackifiers are highly regulated in various nations under different regulatory bodies. Since tackifiers are extensively used in the building & construction and automobile industry, the production and composition of synthetic tackifiers fall under various special regulatory bodies of the nation in which it is being used or manufactured. These factors along with the rising inclination toward limonene components may restrict the global market growth in the coming years.
Growing applications of agricultural tackifiers may provide excellent expansion opportunities
Tackifiers are currently being used extensively in the agricultural sector where they are used to immobilize or bind straw, pine needles, cellulose products, or other mulch products applied in areas that are seeded. Tackifiers are being used to prevent soil erosion which the compound archives by preventing the movement of the product held on the soil surface. Such increasing utilization of tackifiers in other segments may provide high growth opportunities.
Change in raw material prices to impact market growth trend
The fluctuating prices of raw materials like hydrocarbon resins are a major challenge for global tackifier market players which may further be fueled by the political dynamics witnessed across the globe. Aspects like procurement of raw materials cost associated with transportation, and final goods price is projected to be affected in the coming years causing a disruption in the global market growth trend.
The global tackifier market is segmented based on form, type, end-user, application, and region
Based on From, the global tackifier market is divided into Liquid, Solid, and Others.
On the basis of Type, the global tackifier market is bifurcated into Synthetic, and Natural.
By End-User, the global tackifier market is split into Building & Construction, Packaging, Paints & Coatings, Pulp & Paper, Rubber.
In terms of Application, the global tackifier market is categorized into Hot-Melt Adhesives, and Pressure-Sensitive Adhesives (PSAs.)
Report Attributes | Report Details |
---|---|
Report Name | Tackifier Market |
Market Size in 2024 | USD 681.2 Million |
Market Forecast in 2034 | USD 965.96 Million |
Growth Rate | CAGR of 3.7% |
Number of Pages | 180 |
Key Companies Covered | Eastman Chemical Company, Arakawa Chemical Industries Ltd, Foreverest Resources Ltd, Snowtack, KRATON CORPORATION, ZEON CORPORATION, Robert Kraemer GmbH & Co. KG, and YS RESIN PX, and others. |
Segments Covered | By From, By Type, By End-User, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to continue dominating the market growth
The global tackifier market is projected to be dominated by Asia-Pacific in the coming years as it did in 2021 due to increased demand for synthetic and natural tackifiers for the production of labels and tapes, along with rising applications in the packaging, and bookbinding sector. The regional packaging industry growth could be attributed to the increasing population and a subsequent rise in the food & beverages sector along with high product innovation. In 2018, Asia-Pacific held more than 50% of the global market share. The highly acclaimed chemical industry of China is a major growth-propelling factor. In 2019, the Chinese chemical industry weighed USD 1.49 trillion with over 39% of the global market share. In Europe, the growing adoption of natural tackifiers may lead to higher revenues in the regional market.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the tackifier market on a global and regional basis.
The global tackifier market is dominated by players like:
By From
By Type
By End-User
By Application
By Region
FrequentlyAsked Questions
Asia-Pacific & North America is expected to dominate the tackifier market over the forecast period.
Leading players in the global tackifier market include Eastman Chemical Company, Arakawa Chemical Industries Ltd, Foreverest Resources Ltd, Snowtack, KRATON CORPORATION, ZEON CORPORATION, Robert Kraemer GmbH & Co. KG, and YS RESIN PX, among others.
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