Tackifiers Market Scope
Tackifiers are low-molecular weight compounds (oligomers) that are added to adhesive formulations to improve tack and peel adhesion. Their glass transition temperature (Tg) is typically higher than that of the base polymer but their molecular weight is much lower. The tackifiers dissolve in the polymer matrix and break up their structure and thereby enhance the mobility and tack of the base polymer. They also provide functionality that promotes specific adhesion, bridging and reduces molecular cohesion, which in turn, lowers the melt viscosity and softening point of the polymer system. Increasing demand for tackifiers in different rapidly growing industries such as rubber and tire, construction, oil and gas give drive to the tackifiers market
|Unit||Value (USD Million)|
|Key Companies Profiled||EXXONMOBIL (United States), EASTMAN (United States), SI Group (United States), Lawter (United States), Sino Legend Holding Group (China), Arakawa Chemical (Japan), Kraton Corporation (United States), DRT (France), KRATON (Finland) and Schill + Seilacher (Germany)|
Tackifier market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
EXXONMOBIL (United States), EASTMAN (United States), SI Group (United States), Lawter (United States), Sino Legend Holding Group (China), Arakawa Chemical (Japan), Kraton Corporation (United States), DRT (France), KRATON (Finland) and Schill + Seilacher (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Yasuhara Chemical (Japan), Guangdong KOMO Co. Ltd (China), Dyna-Tech Adhesives (United States) and Synthomer (United Kingdom).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Tackifiers market by Type and Region with country level break-up.
On the basis of geography, the market of Tackifiers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn October 2021. Synthomer plc acquired Adhesive Resins business, developers, manufactures and sells tackifying resins and additives for adhesive products for hygiene, packaging and high-performance tyre additives. This acquisition done for the cost of USD 1 billion in cash. This acquisition helped company to expand its presence in tackifier market
In May 2021, SI Group expanded tackifier resin capacity in India by 75%. This expansion completed in two phases, the first phase completed at the end of 2021 and the second phase in the latter half of 2022. SI Group is manufacturer and provider in the innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates. This expansion helped SI Group to strengthen its presence in tackifier market
Influencing Trend:Growing Demand for Water Based Tackifier
Market Growth Drivers:Growing Construction Industry Have Increasing Demand for Tackifier, Surge for Pressure Sensitive Adhesive Materials and Increasing Demand for Tackifier in Rubber and Tire Industry
Challenges:Lack of Proper Availability of Raw Material and Fluctuation in Price
Restraints:Stringent Regulation on Use of Tackifier
Opportunities:Increasing R & D activity with application of Tackifier in Hydraulic fracturing technology
Key Target AudienceTackifier Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others