Tackifiers Market – Overview
Tackifiers are chemical composites used for making adhesives. It implies the key to the hot melt and the production of touchy adhesives. They are used in a wide number of applications such as gathering adhesives, leather, tapes and labels, bookbinding adhesives, different types of construction adhesives, adhesives used in footwear, and rubber products. Tackifiers are produced using natural or synthetic materials. The key feedstock used in making tackifiers is terpene resins, petroleum resins, and rosin resins. Petroleum resins are in high demand for feedstock wherein C9 aromatic resins, C5 aromatic aliphatic resins and C5/aromatic resins are the main resins used. Rosin resin is considered the most seasoned resin derived from pine trees and coniferous trees and used in combination with cement. Terpene resins are inexhaustible resins, taken from terpene feedstock, which can be derived from citrus products of the soil sources.
The increasing application of petrol-based resin for the manufacturing of HMA and PSA in the construction industry is considered the key factor augmenting the growth of the global tackifiers market. Additionally, the increased demand for tackifiers in various sectors such as adhesives, sealants, paints and coatings, and rubber will also aid in the expansion of this market. Besides this, a crucial part of the tackifiers market is bio-based tackifiers, which are currently in heavy demand worldwide due to their nature-friendly nature and the global need to reduce the carbon footprint in the environment.
The report on the global tackifiers market is based on a qualitative and quantitative research and analysis and offers in-depth discussions of various factors affecting its growth rate. The report highlights the table of segmentation in details and mentions the names of the leading segment and factors attributing to its growth. It also talks about the impact of the novel COVID19 pandemic on this market and how will manufacturers gain impetus despite several business restrictions imposed during this time. The report is available for sale on the company website.
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Tackifiers Market – Nature of Competition
Some of the key players of the global tackifiers market include:
- Arizona Chemicals
- Arakawa Chemical
- Guangdong Kono Co.Ltd
- Yasuhara Chemical Co.Ltd.
- Dérivés Résiniques et Terpéniques
Tackifiers Market – Driving Factors
The growing demand for tackifiers in the form of adhesives and sealants is projected to boost the growth of the global tackifier market. Besides this, there is a high demand from other industries such as pharmaceutical, construction, packaging, and others as well. They may be used as packaging tray seals, seat upholstery attachments, or indoor sealants in the construction and packaging sectors as well. Some examples of tackifier adhesives include emulsions, solvent-based liquids, powder or liquid curing agents, or monomer polymer combinations. Their excellent adhesive properties have propelled their use in various industries, the popularity of which will thereby augment the growth of the overall market in the coming years.
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Tackifiers Market – Regional Insights
Geographically, the global tackifiers market is widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These regions are further classified on the basis of nations. The presence of a well-established construction and packaging industry, and many players are likely to help North America generate significant revenues. However, the increasing number of industries and the rising adoption of tackifiers in various sectors will help augment the growth of the Asia Pacific market in the coming years. The increased demand for adhesives, coupled with the presence of a robust chemical industry is likely to aid in the expansion of the regional market growth. Among all nations in this region, India holds the most promising market on account of the wide presence and increasing formation of various chemical and manufacturing companies. On the other side, the market for tackifiers in Europe held the second-largest share earlier. However, stringent government rules related to synthetic tackifiers have propelled manufacturers to promote the adoption of natural tackifiers, thereby boosting the regional market growth.
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