Tackifiers market forecast at $32 billion by 2032

Pune, India – At a compound annual growth rate (CAGR) of 2.7% from 2022 to 2032, the global tackifier market was estimated to be worth USD 22.10 billion in 2022. By 2032, the market is projected to grow to USD 32.03 billion, according to Adroit Market Research. Tackifiers play a vital role in various industries by enhancing the adhesive properties of polymers and adhesives, thus facilitating better adhesion to surfaces. They come in natural or synthetic forms, such as liquids, resins, or powders, and help in increasing the stickiness or “tack” of the materials. By boosting the viscosity of the adhesive, promoting wetting and surface contact, and reducing bonding time, tackifiers improve the effectiveness of the bonding process. Widely employed in sectors like packaging, construction, automotive, and textiles, tackifiers ensure strong and dependable adhesion for optimal performance of bonded materials.

Asia Pacific is anticipated to be the primary region in the worldwide Tackifier market, supported by comprehensive research. The region’s ascendancy can be attributed to its swift industrial development, escalating construction ventures, and rising adhesive requirements across various industries like automotive, packaging, and electronics. With its significant expans ion opportunities, Asia Pacific emerges as the top region driving the Tackifier market forward.
Terpene resins are projected to hold a leading position in the global tackifier market due to their exceptional adhesive and tackifying qualities, rendering them suitable for diverse applications including coatings, adhesives, and sealants. These resins offer benefits such as high softening points, compatibility with various polymers, and minimal odor. Moreover, their renewable nature and minimal environmental impact contribute to their growing popularity, positioning terpene resins as the key product in the global tackifier market.
In-depth research indicates that the packaging industry is poised to dominate the global tackifier market. The packaging sector is witnessing substantial growth driven by the rising demand for packaged goods in sectors such as food and beverages, personal care, and e-commerce. Tackifiers play a crucial role in the packaging industry by enhancing the adhesive properties of packaging materials, ensuring secure bonding and safeguarding products from damage during shipping and storage. Consequently, the packaging industry’s robust market presence and its reliance on tackifiers establish it as the dominant force in the global tackifier market.
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During July 2020, Eastman Chemical Company successfully finalized the purchase of INACSA, a renowned Spanish producer of tackifier resins. This strategic move not only broadened Eastman Chemical Company’s range of products but also solidifi ed its standing in the global tackifier market.
In January 2019, ExxonMobil Chemical Company unveiled a cutting-edge tackifier technology known as Escorez™ ET 2230, adding it to its collection of products. This innovative technology was designed to address the increasing market demands by offering enhanced adhesion, compatibility, and shear stability.
Arkema SA made waves in September 2018 with the announcement of its acquisition of Bostik, a prominent global expert in adhesives. This acquisition proved to be a pivotal step in Arkema SA’s efforts to strengt hen its foothold in the tackifier market, capitalizing on Bostik’s proficiency and groundbreaking adhesive solutions.
Prominent figures within the worldwide tackifier industry are tasked with delivering cutting-edge products and solutions aimed at improving the adhesive bonding characteristics, thus facilitating heightened efficacy and longevity. Leading companies in the Tackifier market are Evonik Industries AG, Arizona Chemical Company, Eastman Chemical Company, ExxonMobil Chemical Company, DRT (Les Dérivés Résiniques et Terpéniques), Arakawa Chemical Industries Ltd., Lawter Inc., Honeywell International Inc., Yasuhara Chemical Co., Ltd., and Cray Valley (Total Group). These industry players are known for providing a diverse portfolio of products and services tai lored to meet the demands of different sectors and clients within the Tackifier industry.