The Global Tackifier Market refers to the worldwide industry focused on producing, distributing, and utilizing tackifying agents or materials that enhance various products' adhesive properties. Tackifiers are employed across various industries, including adhesives and sealants, packaging, automotive, construction, and manufacturing, to improve the adhesive qualities of materials such as tapes, labels, coatings, and sealants. This market encompasses the manufacturing and sale of diverse types of tackifiers, such as natural resins, synthetic resins, and hydrocarbon resins, as well as the associated technologies, processes, and applications.
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Data Bridge Market Research analyzes that Global Tackifier Market is expected to reach USD 5,679,815.98 thousand by 2030 from USD 4,083,989.40 thousand in 2022, growing with a substantial CAGR of 4.5% in the forecast period of 2023 to 2030.
Key Findings of the Study
Increase in the Usage of Tackifiers in Different End-User Industries
The usage of tackifiers has experienced a remarkable upswing, primarily propelled by the burgeoning needs of various end-user industries. Packaging stands out as a significant driver in the increased demand for tackifiers. Tackifiers find widespread application in pressure-sensitive adhesives for labels, tapes, and stickers. Adhesives, commonly known as tackifiers, are crucial in mitigating soil erosion on construction sites. Tackifiers are utilized in sealants for electronic enclosures, safeguarding delicate electronic devices from environmental factors such as moisture and dust. As the electronics industry continues its exponential growth, driven by innovations in smart devices and connectivity, the demand for tackifiers will escalate further.
Thus, the above advantages for the businesses had them improve customer service as there is a rise in demand for improvement of customer services, which is expected to drive the market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Thousand and Volume in Tons
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Segments Covered
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Product (Hydrocarbon Resins, Rosin Resins, and Terpene Resins), Feedstock (Synthetic Tackifiers, Natural/Biobased Tackifiers), Form (Solid, Liquid, and Resin Dispersion), Application (Pressure Sensitive Adhesives (PSA), Hot Melt Adhesives (HMA), and Others), End-User (Packaging, Construction/Assembly, Nonwoven, Bookbinding, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Netherlands, Poland, Switzerland, Belgium, Sweden, Turkey, Denmark, Norway, Finland, Rest of Europe, China, Japan, India, South Korea, Australia, New Zealand, Singapore, Taiwan, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Kuwait, Qatar, Oman, Bahrain, and Rest of Middle East and Africa
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Market Players Covered
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Henkel AG & Co. KGaA (Germany), ZEON CORPORATION (Japan), Eastman Chemical Company (U.S.), Arkema (France), Kolon Industries, Inc. (U.S.), H.B. Fuller Company (U.S.), BASF SE(Germany), Exxon Mobil Corporation (U.S.), SI Group, Inc. (U.S.), KRATON CORPORATION (U.S.), Cray Valley (France), Arakawa Chemical Industries,Ltd. (Japan), YASUHARA CHEMICAL CO., LTD. (Japan), Lawter, Harima Chemicals Group, Inc (Japan), Lesco Chemical Limited (China), TECKREZ, INC. (U.S.), Henan Anglxxon Chemical Co.,Ltd. (China), and Robert Kraemer GmbH & Co. KG (Germany) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global tackifier market is segmented into five notable segments based on product, feedstock, form, application, and end-user.
- On the basis of product, the market is segmented into hydrocarbon resins, rosin resins, and terpene resins.
In 2023, the hydrocarbon resins segment is expected to dominate the global tackifier market
In 2023, the hydrocarbon resins segment is expected to dominate with the 63.86% market share due to its exhibit remarkable versatility and compatibility with various adhesive systems, making them suitable for a wide range of applications in industries such as packaging, automotive, and construction among others.
- On the basis of feedstock, the market is segmented into synthetic tackifiers and natural/biobased tackifiers.
In 2023, the synthetic tackifiers segment is expected to dominate the global tackifier market
In 2023, the synthetic tackifiers segment is expected to grow with a 67.95% market share because it offers a higher degree of consistency in performance and quality than natural tackifiers, which can vary in composition and properties.
- On the basis of form, the market is segmented into solid, liquid, and resin dispersion. In 2023, solid segment is expected to dominate with a market share of 57.38%.
- On the basis of application, the market is segmented into pressure sensitive adhesives (PSA), hot melt adhesives (HMA), and others. In 2023, pressure sensitive adhesives (PSA) segment is expected to dominate with a market share of 51.00%.
- On the basis of end-user, the market is segmented into packaging, construction/assembly, nonwoven, bookbinding, and others. In 2023, the packaging segment is expected to dominate with a market share of 57.06%.
Major Players
Data Bridge Market Research analyzes Henkel AG & Co. KGaA (Germany), ZEON CORPORATION (Japan), Eastman Chemical Company (U.S.), Arkema (France), and Kolon Industries, Inc. (U.S.) as the major market players in the global tackifier market.
Market Developments
- In September 2023, BASF SE expanded its monomers portfolio by introducing a groundbreaking product - bio-based 2-Octyl Acrylate. This marks the first-ever commercial-scale production of such a bio-based compound, with an impressive 73% carbon-14 (14C) content, compliant with ISO 16620 standards. This innovation promises high-performance characteristics and versatility, making it suitable for a wide array of applications.
- In September 2023, Arkema, a global leader in specialty chemicals, revealed its ambitious plans for 2028, with a strong focus on accelerating its growth in high-performance materials and sustainable solutions. This strategic launch is set to propel the company forward by capitalizing on the increasing demand for environmentally friendly products and cutting-edge materials.
- In May 2023, Henkel AG & Co KGaA celebrated the grand opening of its Technology Center in Bridgewater, New Jersey. Spanning an impressive 70,000 square feet, this state-of-the-art center now stands as a remarkable and engaging hub for Henkel's strategic partners and valued customers. This launch marks a significant milestone for Henkel, reinforcing its commitment to advancing technological advancements and strengthening its partnerships for a more innovative future.
- In April 2023, TotalEnergies' Cray Valley affiliate completed the sale of three product lines—Wingtack, PolyBD, and Dymalink—to Pacific Avenue Capital Partners. The acquisition encompasses four U.S. production sites, the Cray Valley Italy affiliate, and the customer portfolio. This move aligns with TotalEnergies' strategic decisions in optimizing its business portfolio. This benefits the company to focus on its global specialty C4 and pure-monomer resin businesses, which will continue to be developed by TotalEnergies.
- In June 2021, Kolon Industries, Inc. achieved a breakthrough with an enhanced hydrocarbon resin boasting superior adhesion. Having expanded its Yeosu facility in South Jeolla Province, the company positioned itself to dominate the global high-value hydrocarbon resin market. The product lineup included high-reactive resin (HRR), pure monomer resin (PMR), liquid hydrocarbon resin, and high-performance tire resin.
Regional Analysis
On the basis of geography, the market is segmented into U.S., Canada, Mexico, Germany, France, U.K., Russia, Italy, Spain, Netherlands, Poland, Switzerland, Belgium, Sweden, Turkey, Denmark, Norway, Finland, Rest of Europe, China, Japan, India, South Korea, Australia, New Zealand, Singapore, Taiwan, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Kuwait, Qatar, Oman, Bahrain, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Europe is the dominant and fastest-growing region in the global tackifier market
Europe is expected to be the fastest growing and dominating country in the global tackifier market due to its robust manufacturing infrastructure, stringent adherence to environmental regulations, and a strong emphasis on innovation and research in the adhesives and sealants industry.
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