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Global Tackifier Market to reach USD 5.93 billion by the end of 2030

Global Tackifier Market Size study & Forecast, by Product (Hydrocarbon Resins, Rosin Resins, Terpene Resins), by Feedstock (Synthetic Tackifiers, Natural/Biobased Tackifiers) and Regional Analysis, 2023-2030

Product Code: CMPCA-34669746
Publish Date: 20-02-2024
Page: 200

Global Tackifier Market is valued at approximately USD 3.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% during the forecast period 2023-2030. 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.

Adhesives are used in a wide range of applications, from simple household repairs to complex industrial bonding. The diversity of adhesive applications means that the demand for adhesives spans multiple sectors, influencing the need for tackifiers across different industries. According to Statista, Adhesives accounted global market value of approximately USD 43.75 billion in 2020. Furthermore, the projected market worth of adhesives is anticipated to reach approximately USD 55.8 billion by the year 2025. Another important factor that drives the Tackifier Market is the increasing number of construction activities. Residential construction projects, including the building of houses and apartment complexes, often involve the use of adhesives for flooring, woodworking, and other applications. The expansion of the housing market contributes to the increased demand for tackifiers. In addition, as per Statista, Statista, in 2020, the global Construction Market was valued at USD 6.4 trillion and estimated to reach up to USD 14.4 trillion by the year 2030. Moreover, rapid industrialization and the emergence of innovative packaging are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the increasing popularity of tackifier-free adhesives and the volatility of Raw Material Prices is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Tackifier Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market player included in this report are:
Henkel AG & Co. KGa
Eastman Chemical Company
Kolon Industries, Inc.
Exxon Mobil Corporation
SI Group, Inc.
Arakawa Chemical Industries, Ltd.
Henan Anglxxon Chemical Co., Ltd.
Robert Kraemer GmbH & Co. KG

Recent Developments in the Market:
Ø In October 2021, SI Group, a prominent global performance additives company, unveiled ELAZTOBOND MeltPlus T8-7920 resin. This tackifier resin, derived from bio-renewable sources, offers exceptional adhesion and elevated heat resistance in both pressure-sensitive and traditional Ethylene Vinyl Acetate (EVA) hot melt adhesives.

Global Tackifier Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Feedstock, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Hydrocarbon Resins
Rosin Resins
Terpene Resins

By Feedstock:
Synthetic Tackifiers
Natural/Biobased Tackifiers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Tackifier Market, by Region, 2020-2030 (USD Billion)
1.2.2. Tackifier Market, by Product, 2020-2030 (USD Billion)
1.2.3. Tackifier Market, by Feedstock, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Tackifier Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Tackifier Market Dynamics
3.1. Tackifier Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand for adhesives Growing number of construction activities
3.1.2. Market Challenges Increasing popularity of tackifier-free adhesives Volatility of Raw Material Prices
3.1.3. Market Opportunities Rapid Industrialization Emergence of innovative packaging
Chapter 4. Global Tackifier Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Tackifier Market, by Product
5.1. Market Snapshot
5.2. Global Tackifier Market by Product, Performance – Potential Analysis
5.3. Global Tackifier Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Tackifier Market, Sub Segment Analysis
5.4.1. Hydrocarbon Resins
5.4.2. Rosin Resins
5.4.3. Terpene Resins
Chapter 6. Global Tackifier Market, by Feedstock
6.1. Market Snapshot
6.2. Global Tackifier Market by Feedstock, Performance – Potential Analysis
6.3. Global Tackifier Market Estimates & Forecasts by Feedstock 2020-2030 (USD Billion)
6.4. Tackifier Market, Sub Segment Analysis
6.4.1. Synthetic Tackifiers
6.4.2. Natural/Biobased Tackifiers
Chapter 7. Global Tackifier Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Tackifier Market, Regional Market Snapshot
7.4. North America Tackifier Market
7.4.1. U.S. Tackifier Market Product breakdown estimates & forecasts, 2020-2030 Feedstock breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Tackifier Market
7.5. Europe Tackifier Market Snapshot
7.5.1. U.K. Tackifier Market
7.5.2. Germany Tackifier Market
7.5.3. France Tackifier Market
7.5.4. Spain Tackifier Market
7.5.5. Italy Tackifier Market
7.5.6. Rest of Europe Tackifier Market
7.6. Asia-Pacific Tackifier Market Snapshot
7.6.1. China Tackifier Market
7.6.2. India Tackifier Market
7.6.3. Japan Tackifier Market
7.6.4. Australia Tackifier Market
7.6.5. South Korea Tackifier Market
7.6.6. Rest of Asia Pacific Tackifier Market
7.7. Latin America Tackifier Market Snapshot
7.7.1. Brazil Tackifier Market
7.7.2. Mexico Tackifier Market
7.8. Middle East & Africa Tackifier Market
7.8.1. Saudi Arabia Tackifier Market
7.8.2. South Africa Tackifier Market
7.8.3. Rest of Middle East & Africa Tackifier Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Henkel AG & Co. KGa Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Eastman Chemical Company
8.3.3. Kolon Industries, Inc.
8.3.4. BASF SE
8.3.5. Exxon Mobil Corporation
8.3.6. SI Group, Inc.
8.3.7. Arakawa Chemical Industries, Ltd.
8.3.9. Henan Anglxxon Chemical Co., Ltd.
8.3.10. Robert Kraemer GmbH & Co. KG
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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