Tackifier Market, Share, Industry Segments, Growth, Trends, Demand, Outlook by 2025


Posted July 21, 2021 by chitradeo00777

Tackifier Market was valued at around USD 3.27 Billion in 2018 and is expected to reach over USD 4.55 Billion by the end of 2025 at a CAGR of 4.6%.

 
Market Research Future has published a Half-Cooked Research Report on the Global Tackifier Market.

Market Synopsis

According to the MRFR analysis, the Tackifier Market was valued at around USD 3.27 Billion in 2018 and is expected to reach over USD 4.55 Billion by the end of 2025 at a CAGR of 4.6%.

Tackifiers are light molecular weight, glassy, amorphous compounds that are mixed with the base polymer in adhesives during preparations to enhance its mobility, thereby, improving the tack and peel adhesion. They are majorly used in the applications of hot melt adhesives (HMA) and pressure-sensitive adhesives (PSA). The key factor driving the growth of the global Tackifier Market Trends is the increase in their demand in the expanding building and construction industry across the globe.

Pricing and Regulatory Analysis

In 2018, among natural tackifiers, the gum rosin was priced between USD 1900–2200 per ton across the globe. Witnessing a gradual rise of USD 0.19 to 0.40 in its price from 2015. In the same year, among synthetic tackifiers, the price of petroleum resin varied between USD 1568 and USD 1582 per ton across the globe, with the highest prices in the Middle East & Africa and Latin America.

The drastically changing climatic conditions have increased the level of global warming. This has influenced environmental agencies to set up stringent regulations and encourage the adoption of green materials. For instance, the American Society for Testing and Materials: ASTM D465-82 for “Standard Test of Methods for Acid Number of Rosin”.

SEGMENTATION

By Type

Synthetic: The segment accounted for the largest market share in 2018. The growth of the segment is primarily due to increasing building and construction activities across the globe, where tackifiers are widely used in HMA applications; and growing demand in the paint and coating industry, where synthetic tackifiers find applications in external coatings and anti-corrosive paints. Moreover, the increasing use of these additives in the rubber compounding applications to enhance the tackiness of raw rubber without impacting the curing time is another factor expected to boost the market growth during the forecast period. According to MRFR estimates, the global petroleum resin market was valued at around 95 billion in 2018.

Natural: The growth of the segment is primarily due to its unique property of delivering compatibility to a wide variety of adhesive components. Moreover, due to the increasing environmental awareness, growing need to decrease the dependence on petroleum resources, and easily degradability of natural tackifiers such as rosins, the natural tackifiers segment is expected to witness lucrative growth during the forecast period.

By Form

Solid: The segment held the largest market share and is expected to be the dominant segment during the forecast period. Solid tackifiers are usually manufactured as pastilles or flakes, easy maintenance and their use in both PSA and HMA applications is expected to drive the market growth during the forecast period.

Liquid: The segment held a significant share of the global tackifier market as the handling of liquid tackifiers is easier and they require less storage space. Moreover, the ability of these liquid tackifiers to contribute to pacification gives them an advantage over plasticizing oil, which only contribute to the softening of the adhesives.

Others

By Application

Pressure-Sensitive Adhesives (PSA): It is projected to be the largest segment owing to their ability to remain viscous and do not solidify to form a solid material. As a result, they remain permanently tacky, these adhesives are not true solids, owing to which the strength of PSA decreases when the temperature is increased. Some of the major applications of PSA are in the tapes, marks, and labels.

Hot Melt Adhesives (HMA): They are in solid state at room temperature and can be softened, spread, and reshaped upon heating above their softening point, owing to their advantages such as easy to clean, low toxicity, excellent gap filling capability, and recyclability. They find applications in the packaging industry.

By End-Use Industry

Packaging: The segment accounted for the largest market share in 2018. The growth is attributed to the properties offered by HMA such as fast processing, environmentally friendly nature, gap-filling, and watertight surfaces, over other plasticizers. These properties have made HMA a material of choice in high-speed packaging machines, for carton sealing, assembly of corrugated boxes, and labeling applications.

Building & Construction: It is projected to be the second-largest segment owing to the increasing consumption of HMA and PSA in bonding applications of materials including rubbers, plastics, metals, ceramics, glass, and wood.

Paints & coating: The increasing demand for petroleum resin in the production of paints and coatings is likely to boost the growth of the global tackifier market during the forecast period, as they help in enhancing the coating properties such as adhesion, hardness, dryness, and resistance to water, acids, and bases.

Pulp & Paper: HMA and PSA are used in creating flexible bonds, thereby is used in binding applications for books, magazines, and newspapers.

Rubber: Tackifiers are used in rubber compounding to enhance properties of the vulcanized rubber and enhances the tackiness of raw rubber without impact the curing time.

Others

By Region

Asia-Pacific: The regional market growth is driven by the high demand for tackifiers in the building & construction industry for HMA and PSA applications.

Europe: Stringent government policies refraining the use of synthetic tackifiers are driving the demand for natural tackifiers in the region.

North America: The increase in reconstruction activities and expanding automotive industry are factors expected to favor the regional market growth.

Latin America: Positive outlook of the regional market owing to the growing automotive industry, which is fueling the demand for tackifiers.

Middle East & Africa: The increasing investment in the infrastructure and consumer goods sectors.

Access Report Details @ https://www.marketresearchfuture.com/reports/tackifier-market-8529
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Last Updated July 21, 2021