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Tackifier Market Trends

Report ID: GMI7666
Published Date: Dec 2023
Report Format: PDF

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Tackifier Market Trends

The major trends in tackifier industry include an increased focus on green and ecological approach, which is caused by growing consumer demand for biodegradable tackifiers motivated by environmental safety and legislative regulations. There is an increasing acceptance of innovations in both the formulation for the development as well the applications, specifically in the areas like for example packaging, automotive, and constructions. Rapid industrialization in the Asia Pacific remains one of the major boosters for the market’s ongoing globalization, intensifying its outburst and diffusion worldwide

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for tackifier was valued at USD 4 Billion in 2023 and is anticipated to grow a CAGR of over 3.6% between 2024 and 2032, driven by expanding demand from the packaging, automotive, and building sectors.

Synthetic tackifiers segment held a larger market share, around 75% in 2023, owing to specific adhesion characteristics and affordability in formulating adhesives.

The U.S. tackifier market was valued at USD 1.5 billion 2023 and it is expected to generate notable revenues in the upcoming years, backed by distinct tendency among the consumers for ecofriendly and sustainable tackifiers due to environmental issues as well as government regulations.

Eastman Chemical Company, ExxonMobil Corporation, Arkema S.A., Kraton Corporation, DRT (Dérivés Résiniques et Terpéniques) and Yasuhara Chemical Co. Ltd.