Market Research Report
Global Tackifier Market - Segmented by Type, Application, End-User Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||356817|
|Published||Content info||132 Pages
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|Global Tackifier Market - Segmented by Type, Application, End-User Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)|
|Published: March 1, 2018||Content info: 132 Pages||
The global tackifier market is expected to grow at a moderate rate during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market share, followed by North America and Europe in 2017.
High Demand for Hot-melt Adhesives
Tackifiers are used in hot-melt adhesives to generate tack and to improve adhesion. These adhesives use tackifiers to correct the balance between adhesion and cohesion, depending on the end-use application. Thus, the growing demand for hot-melt adhesives increases the demand for tackifiers.
Hot-melt adhesive, also known as hot glue, is a solvent-free and thermoplastic material. These adhesives are melted and applied on the surface and then solidified by cooling to lend a strong adhesion. They are applied in the molten state at temperatures ranging from 120°C to 180°C depending on the surfaces that are to be bonded. The major applications of hot-melt adhesives are in the packaging, automotive, footwear, construction and furniture, bookbinding, electronics and electronic assembly, non-woven application, and other industries.
Hot-melt adhesives, owing to their long shelf life, reduced VOC emissions (because of the absence of solvent-borne solutions), and strong adhesion properties, are becoming an integral part of various commercial and industrial sectors. Hot-melt adhesives are thus replacing solvent-borne adhesives in various industries, especially in the construction and electronics sectors.
Rising Demand for Synthetic Tackifier
Synthetic tackifying resins are petroleum-derived resins that are highly compatible with most base polymers, such as natural rubber, EVA, PE, SBR, SBS, acrylics, and polymer modifiers. They provide tack and adherence to varied surfaces, and influence the adhesive's color, odor, and stability. Tackifier selection depends primarily on softening point, composition, molecular weight, and molecular weight distribution. Furthermore, they are used to make other adhesive additives compatible.
The major end-user applications include tapes, labels, nonwovens, packaging, and other adhesive products. They impart excellent thermal stability, light color, polymer compatibility, and low odor to their formulations. The demand for synthetic tackifiers is increasing with the increasing usage of these in the packaging, automotive, and building & construction industries over the forecast period.
Asia-Pacific is Dominating the Market
Continuous improvement in the economic conditions of the Asia-Pacific region has enhanced the financial status of the consumers, which, in turn, has increased the demand for electronic appliances, buildings, automobiles, and textiles in the region. Furthermore, the rapidly growing electronics industry (owing to the consistently increasing demand for electronic appliances and rising demand for packaging and non-woven disposables) is expected to offer numerous opportunities in the growth of the Asia-Pacific tackifier market.
The major adhesive manufacturing companies, such as Henkel, H B Fuller, Ashland, and Evonik, have their manufacturing plants in this region, and they are planning to build more manufacturing plants, which likely will increase the production of adhesives. The increase in the production of adhesives and their outputs is expected to increase the consumption of tackifiers. China is also one of the largest exporters of adhesives to many countries, which, in turn, will likely drive the tackifiers market over the forecast period. Thus, the Asia-Pacific region proves to be of immense potential and opportunities for the tackifier market.
Major players: Arakawa Chemical Industries Ltd., Eastman Chemical Company, Exxonmobil Chemical Company Inc. and Yasuhara Chemical.
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How the growing industrial applications will provide numerous opportunities in the market
Analyzing various perspectives of the market with the help of Porter's five forces analysis
Which type and end-user industry is expected to dominate the market
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Identify the latest developments, market shares and strategies employed by the major market players.
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