Tackifier Market Size, Share, Growth Report 2032

Tackifier Market Size 

The global tackifier market size was worth around USD 3.6 billion in 2021 and is predicted to grow to around USD 5.72 billion by 2028 with a compound annual growth rate (CAGR) of roughly 4.82% between 2022 and 2028. The report analyzes the global tackifier market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the tackifier market.

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Tackifier Market: Overview

Tackifiers are chemical compounds that are widely used in adhesive manufacturing processes where the compounds act as tackiness-increasing agents. It is the property that defines the surface stickiness level of the adhesive.

The compound has a low molecular weight which is measured in Daltons along with a high glass transition temperature that involves the reversible and slow process of converting hard or brittle material into a rubbery or viscous state by increasing the temperature. This change is mostly observed in amorphous materials. When subjected to lower values of strain rate, tackifiers exhibit high-stress tolerance and compliance and are known to become stiff when subjected to higher strain rates.

Key Insights

• As per the analysis shared by our research analyst, the global tackifier market is estimated to grow annually at a CAGR of around 4.82% over the forecast period (2022-2028)
• In terms of revenue, the global tackifier market size was valued at around USD 3.6 billion in 2021 and is projected to reach USD 5.72 billion, by 2028
• Due to a variety of driving factors, the market is predicted to rise at a significant rate
• Based on form segmentation, solid was predicted to show maximum market share in the year 2021
• Based on type segmentation, synthetic was the leading type in 2021.
• On the basis of region, Asia-Pacific was the leading revenue generator in 2021

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Covid-19 Impact

During the pandemic, the global market witnessed high losses due to less demand from the end consumers which was a direct consequence of lockdown norms and social-distancing impositions requiring all production and manufacturing units to temporarily halt all operational activities. However, the demand in the food segment remained high due to an increased sales rate of packaged food products.

Tackifier Market: Growth Drivers

Increasing application in the automobile segment to propel market growth

The global tackifier market is projected to grow owing to the increasing application of tackifiers in the automotive and automobile segment. Adhesion sealants are extensively used in joint or welded areas between various structures including civil work vehicles, auto bodies, and construction vehicles. The growth in the automotive segment is projected to drive the demand for tackifiers.

An increasing number of players in the automobile segment offering a variety of products ranging from affordable segments to premium segments, catering to a large section of the consumer segment is propelling the automotive industry which was valued at USD 2.9 trillion in 2021 and may grow further due to rise in a number of high-income groups along with increasing financial assistance creating a friendlier market for low or medium-income groups. For instance, as per Statista, the Ford Motor Company, a leading automobile player globally, sold more than 3.9 million vehicles in 2021 including sales generated from distributors and dealers.

Tackifier Market: Restraints

Strict government laws for synthetic tackifiers to restrict market expansion

Synthetic tackifiers are highly regulated in various nations under different regulatory bodies. Since tackifiers are extensively used in the building & construction and automobile industry, the production and composition of synthetic tackifiers fall under various special regulatory bodies of the nation in which it is being used or manufactured. These factors along with the rising inclination toward limonene components may restrict the global market growth in the coming years.

Tackifier Market: Opportunities

Growing applications of agricultural tackifiers may provide excellent expansion opportunities

Tackifiers are currently being used extensively in the agricultural sector where they are used to immobilize or bind straw, pine needles, cellulose products, or other mulch products applied in areas that are seeded. Tackifiers are being used to prevent soil erosion which the compound archives by preventing the movement of the product held on the soil surface. Such increasing utilization of tackifiers in other segments may provide high growth opportunities.

Tackifier Market: Challenges

Change in raw material prices to impact market growth trend

The fluctuating prices of raw materials like hydrocarbon resins are a major challenge for global tackifier market players which may further be fueled by the political dynamics witnessed across the globe. Aspects like procurement of raw materials cost associated with transportation, and final goods price is projected to be affected in the coming years causing a disruption in the global market growth trend.

Tackifier Market: Segmentation

The global tackifier market is segmented based on form, type, end-user, application, and region

Based on form, the global market is segmented into liquid, solid, and others, with the global market witnessing the highest growth in the solid segment owing to increasing applications of sold tackifiers in both hot-melt adhesives and pressure-sensitive adhesives. In 2019, the Eastman Chemical Company, a leading chemical manufacturer generated over USD 9.272 billion in revenues.

Based on type, the global market is divided into synthetic and natural with the former leading with the highest global market share. As per research, using synthetic tackifiers improve the overall quality of the adhesive however, the segment also faces government regulatory concerns. For instance, as per research papers, the use of 24 parts per hundred rubber (phr) increased the overall performance of ethylene propylene diene polymethylene (EPDM) rubber

Based on end-user, the global market is divided into building & construction, packaging, paints & coatings, pulp & paper, and rubber with packaging leading the global market segment in 2021 due to high applications of hot-melt adhesives in the assembly of corrugated boxes, high-speed packaging machines, and other labeling uses. In 2019, the US packaging industry was valued at USD 180 billion.

Based on application, the global market divisions are hot-melt adhesives, and pressure-sensitive adhesives (PSAs), with the latter generating the highest revenue in 2021 due to an increased adoption rate in the graphic business along with applications in the marks, labels, and tapes market. In 2019, the US-graphic design industry was valued at USD 15 billion.

Recent Developments:

• In October 2021, SI Group, a leading provider of technology for process solutions, performance additives, chemical intermediates, and active pharmaceutical ingredients, announced the launch of Elaztobond Meltplus T8-7920, a biodegradable tackifier resin with enhanced adhesion properties along with high-temperature resistance. The product may increase peel and tack strength by 180% without any negative implications.
• In April 2019, Ingevity, a provider of high-performance carbon materials, specialty chemicals, and engineered polymers, announced the launch of Altatac™ 1000, a light-colored tackifier. The product was announced at the Adhesive and Sealants Convention & Expo held in Philadelphia. Altatac can deliver high stability in thermoplastic hot melt adhesives while also demonstrating high upgraded colors and stability. 

Tackifier Market Report Scope:

Tackifier Market: Regional Analysis

Asia-Pacific to continue dominating the market growth

The global tackifier market is projected to be dominated by Asia-Pacific in the coming years as it did in 2021 due to increased demand for synthetic and natural tackifiers for the production of labels and tapes, along with rising applications in the packaging, and bookbinding sector. The regional packaging industry growth could be attributed to the increasing population and a subsequent rise in the food & beverages sector along with high product innovation. In 2018, Asia-Pacific held more than 50% of the global market share. The highly acclaimed chemical industry of China is a major growth-propelling factor. In 2019, the Chinese chemical industry weighed USD 1.49 trillion with over 39% of the global market share. In Europe, the growing adoption of natural tackifiers may lead to higher revenues in the regional market.

Tackifier Market: Competitive Analysis

The global tackifier market is dominated by players like Eastman Chemical Company, Arakawa Chemical Industries Ltd, Foreverest Resources Ltd, Snowtack, KRATON CORPORATION, ZEON CORPORATION, Robert Kraemer GmbH & Co. KG, and YS RESIN PX.

The global tackifier market is segmented as follows:

By From

• Liquid
• Solid
• Others

By Type

• Synthetic
• Natural

By End-User

• Building & Construction
• Packaging
• Paints & Coatings
• Pulp & Paper
• Rubber

By Application

• Hot-Melt Adhesives
• Pressure-Sensitive Adhesives (PSAs)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa