With the emergence and long-term Impact of COVID-19, Global Tackifier Market to reach USD 5.93 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Tackifier Market points towards a potential rise to USD 5.93 Billion by 2030. Tackifier is a substance added to adhesives to enhance their ability to stick or adhere to surfaces. It is an important component in adhesive formulations, contributing to the adhesive’s tackiness, which is the property that allows it to bond to a surface upon contact.
The Tackifier Market is expanding because of factors such as rising demand for adhesives and the growing number of construction activities. Tackifiers are used to improve the initial grab or stickiness of adhesives, making them more effective in various applications. As a result, the demand for Tackifiers has progressively increased in the international market during the forecast period 2023-2030.
Geographically, the global Tackifier market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to the increasing demand for electronic appliances, buildings, automobiles, and textiles in the region. The region’s dominant performance is anticipated to propel the overall demand for Tackifier. Furthermore, North America is expected to grow fastest over the forecast period, owing to factors such as the rising number of construction activities in the region.
The global Tackifier market is highly competitive owing to the presence of several key players such as Henkel AG & Co. KGa Eastman Chemical Company Kolon Industries, Inc. BASF SE Exxon Mobil Corporation SI Group, Inc. Arakawa Chemical Industries, Ltd. YASUHARA CHEMICAL CO., LTD Henan Anglxxon Chemical Co., Ltd. Robert Kraemer GmbH & Co. KG, and others.
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Key findings of the study suggest:
- Global Tackifier Market is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030.
- In the Product segment, Hydrocarbon Resins emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to the increasing demand for electronic appliances, buildings, automobiles, and textiles in the region.
- North America is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Hydrocarbon Resins
- Rosin Resins
- Terpene Resins
By Feedstock:
- Synthetic Tackifiers
- Natural/Biobased Tackifiers
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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