TAGS: Hot-melt Adhesives Sealants Waterborne Adhesives
Maximize Market Research (MMR) anticipates that the tackifier market is expected to reach US$ 5.49 Bn in 2029, with a CAGR of 4.9% for the period 2021-2029, because of the increasing demand from the adhesives sector.
Tackifiers are chemical composites used in the production of adhesives, and they are the most significant component of hot-melt adhesives that require sensitive adhesives. Assembling adhesives, bookbinding adhesives, tapes and labels, leather, a range of construction adhesives, and adhesives mostly used for footwear and rubber goods are only a few of the applications.
Synthesized from Naturally Occurring Compounds
Tackifiers can be created from naturally occurring compounds or synthesized. Petroleum resins, rosin resins, and terpene resins are the most common feedstocks for tackifiers. C9 aromatic resins and C5 aromatic aliphatic resins are the most commonly used feedstocks, and C5/aromatic resins are the most commonly used resins for this reason.
Rosin resin, derived from coniferous and pine trees, is the original resin used in adhesive construction. Terpene resins are renewable resins derived from terpene feedstock, which can be found in citrus fruits and wood.
Increased Demand from Adhesives Sector
Tackifiers are crucial ingredients in adhesive formulations because they help to keep the right balance of adhesion and cohesion. As a result, the growth of the tackifier market is directly proportional to the growth of the adhesives market.
The key reason driving the expansion of the adhesives market, and thus the tackifier market, is increased demand from the construction, packaging, furniture, footwear, automotive, and consumer electronics industries.
Demand from Packaging, Construction and Pharmaceutical Industries
The demand for tackifiers as adhesives and sealants is being driven by rapid development in the packaging, construction, and pharmaceutical industries, which is favorably boosting the global tackifier market.
In the packaging and construction industries, tackifier adhesives are widely utilized in door sealants, seat upholstery attachments, and packaging tray seals. Solvent-based liquids, tapes, monomer–polymer combinations, emulsions, and liquid or powder curing agents are examples of tackifier adhesives. The popularity of tackifiers is expected to increase as the number of construction projects and furniture sales increase.
Price Fluctuations in Raw Materials to Restrain Market Growth
The tackifier market is affected by crude oil and energy price variations. As a result, players in the tackifier market use risk management methods to hedge their bets.
Other external factors, such as plant shutdowns, natural disasters, rule and regulation changes, and transportation issues, have a negative impact on the cost and availability of raw materials.
Building and Construction Industry to Take Over the Market
Building and construction currently holds the largest proportion of the worldwide tackifiers market among end-user sectors. In the building and construction business, pressure-sensitive and water-borne adhesives are in high demand for a variety of applications including heating, ventilation, air conditioning, concrete, joint cements, manufactured housing, resilient flooring, and so on.
Tackifiers are used in large amounts in these adhesives to improve surface tack, peel, and bonding. The global construction industry is generating growth opportunities for the market under consideration, which is expected to lead to increased demand for tackifiers in the adhesive market. As a result of the foregoing considerations, the building and construction industry is expected to dominate the market studied over the forecast period.
Highest Growth in Asia Pacific Region
The Tackifier market is further segmented into Pressure sensitive adhesives (PSA) and Hot melt adhesives (HMA).
Pressure sensitive adhesives (PSA) segment held the largest market share of 58.85% in 2021 and is expected to remain constant position in the future. Thanks to advancements in sectors such as vehicles, electronics, home, and industrial, it is also expected to witness the fastest application in the market.
Labels, graphics, and tapes all use pressure-sensitive adhesives. Tapes might be Industrial, medical, or specialty, depending on their intended use. Moreover, commodities, food packaging, medical, pharmaceuticals, general-purpose products, and cosmetics all use labels.
Improvements in the Asia-Pacific area's economic conditions have improved customers' financial situations, resulting in increased demand for electronic equipment, buildings, automobiles, and textiles throughout Asia Pacific.
China is also a prominent manufacturer and exporter of adhesives to a variety of countries, with a large proportion of the Asia-Pacific tackifier market. The major adhesive manufacturing businesses, such as Henkel AG & Company, KGaA, H B Fuller Company, Ashland, and Evonik Industries AG, all have manufacturing plants in this region, and they plan to add more, which certainly expands adhesive production. The demand for tackifiers is expected to rise as the production of adhesives and related outputs rises.
So, during the forecast period, the Asia-Pacific is expected to lead the tackifier market.
Source: Maximize Market Research